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Politics : Evolution -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (49938)3/16/2014 4:04:02 PM
From: average joe  Read Replies (2) | Respond to of 69300
 
Speculative investing doesn't have anything to do with what you koanheads do at the poker table.
I don't play poker, so I don't know and can't comment. If you know with some probability what the last ten cards coming out of the shoe might be playing black-jack you have a greater incentive to parlay and make some money. To have that level of probability you have to be able to count cards already played tipping the odds slightly in your favour. However when you do that you might lose your entire boot and you're right big casinos are made from the majority of people coming to the table and giving the casino their money.

If you know what a speculative mining companies prospects are and that the insiders are all escrowed and there is a bunch of cheap free trading shares that can be gathered up and that it is against the rules of the table/exchange for them to sit on news you can make a fortune. Plus a million other variables.

Better to do either one of those two things than curl up into a ball like Greg waiting for Jesus to come.




To: Brumar89 who wrote (49938)3/16/2014 4:32:42 PM
From: Solon  Respond to of 69300
 
"Speculative investing doesn't have anything to do with what you koanheads do at the poker table."

What is with the insults? Are you in pain?

Actually speculative investing and poker are the same. Poker players use pot odds to calculate the probability that their chance of getting paid is justified by the current share value and the probable share value after the turn and the river. Stock traders pay a trading fee and poker players pay a rake.