poker

[coriolinus]

A friend of mine is an avid poker player. That would be an entirely unexceptional hobby, except he makes money at it. He studies the game almost as intensively as he studies for flight school, always reading one book or another about its theory and practice. I was skeptical of his claims that he's made a few thousand dollars at it since 1 January

Comments

[anonymous]

Don't overlook structured-limit games (instead of no-limit) - they're much easier to calculate the odds for, in my experience, since you don't have to deal with variable bets.

[frankg]

(that was me, I guess I wasn't logged in)

[coriolinus]

You're right, they're easier to calculate the odds for. However, they're harder to manipulate the odds for, and manipulation of the odds in your favor through betting patterns that minimize the potential gain for your opponents is key to maximizing your own profits.