Is poker really gambling? 🤔 It’s a question that sparks debate among players, casual fans, and even lawmakers. In this episode of the Red Chip Poker Podcast, we break down the real meaning of gambling and whether #poker should be considered a game of chance, skill, or something in between.
We start by examining the dictionary definitions of gambling and why they don’t always capture the nuances of poker. While poker involves risk and money—like traditional gambling games such as blackjack or roulette—there are key differences that separate it from pure chance-based betting. We explore the role of skill, probability, and sample size in determining whether a poker player is truly gambling or making a calculated investment.
You'll also learn about the three key factors that separate gambling from investing, including expectation, repetition, and risk management. Whether you're a professional poker player or just starting out, understanding these concepts can help you play smarter and avoid costly mistakes.
Additionally, we discuss the ethics of gambling, the difference between poker and casino games, and even how governments classify poker in tax law. Plus, if you've ever been told that playing poker is "just gambling," this episode gives you the perfect response!
**LINKS**
· CORE Membership: https://redchippoker.com/launch-core
· Another Take On Poker vs. Gambling: https://www.youtube.com/watch?v=viS9EYf_-Kw
**JOIN US ON DISCORD**
Join us on Discord today: https://redchippoker.com/discord
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