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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (51098)	9/12/2006 7:18:37 PM
From: Solon	Respond to of 90947

"If someone paid you $5mil to play poker than playing poker wouldn't be zero sum for you, but generally it is." In terms of the pot transactions it would still be zero sum. "The dollar balance of the trade might balance out with other trades but that doesn't make the whole market zero sum." Yes, it does. All the losses of all the trades equal all the gains of all the trades. Simple, really. "The trade, or the win/loses in a poker game may be zero sum when considered in the most narrow of senses" When considered in any sense. In a cash game, the losses of all the players equals the gains of all the players. That is why the person who takes the cash for the cheque buy-ins is always able at the end of the night to redeem all the cheques for cash, and unless a chip rolled on the floor it will balance to the penny aside from the house rake. Simple, really.