Thread: WSOP 2011
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Unread 07-22-2011, 07:59 AM   #61 (permalink)
DJ FC
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Quote:
Originally Posted by Ugly Bastard View Post
Investing in me in a poker tournament isn't much different than buying a stock. Both are forms of gambling. Stocks just tend to be way less volatile. When you invest in someone in a poker tournament you're going to lose 100% of your investment a majority of the time but sometimes have a 20,000% return or something absurd. People who invested in me this year had about a 425% return.
You are very wrong here.

Investing in UB is more like investing in a hedge fund.

Stocks can and do provide positive returns (In theory returning the risk-free rate, but in practice returning more than that). Poker is a negative-sum game.

I'm not saying that UB is a negative edge bet, just that if you invest in all stocks you will make a positive return whereas if you invest in all poker players you realize the inverse of the house edge or rake.


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