Poker as an investment: will it work?
The world of poker is not only a world of free drinks, new decks, beautiful tables, emotions and much more. On top of that there is a financial side to poker, and the turnover of capital in the industry is huge, thanks in large part to the high rollers, although low limit players have had a hand in it as well.
Poker is a card game of chance. Although poker is played all over the world, it is most popular in the United States: it is a classic game of all Westerns.
Usually five cards are dealt in poker. Players try to make combinations of two or more cards of the same suit, a sequence of five cards, or five cards of the same suit. Poker uses a standard 52-sheet deck of equal suits, with card values arranged in descending order from the ace and on down to the king, queen, jack, and 10 to 2.
Full commitment from you
Like any monetary investment, poker needs a full commitment from you as an investor. Don’t forget that there are costs involved, just as there are in investments. For example, by investing in stocks, a person risks a certain amount of capital in anticipation of a profit. At the same time one could try to invest into real estate, but then there are risks to lose a much larger profit on the stock market. All this is called hidden costs, i.e. theoretically missed profit or missed losses.
Modern poker is perfectly suited to the current market system. Here, players trade hands virtually like houses. Sometimes winning a big tournament can allow a poker player to buy several houses at once, and such an opportunity in itself warms the soul. When you sit down to play poker, you may be losing something in your “other” life. It’s not hard to imagine a situation where the bankroll is lost and the main work isn’t done.
Thus, the risk of earning more turned out to be unjustified, and the hidden costs put a real burden on your budget.
The time that is freed up when there is no passion for poker can be spent on more than just a specific job. Let’s say there are many areas in which everyone can afford to work and develop. Counting on gaining new knowledge and skills, one can also plan for further growth prospects that can lead to increased income. On the other hand, time can be wasted and poker skills will have to be rebuilt. Obviously, in this case, too, we are dealing with certain hidden costs.
Hidden costs are necessarily related to possible prospects and our expectations about a particular venture. But, as we know, not every graduate works in his field and not every new businessman is engaged in his business for more than a year.
Count on success
In poker you can count on success only if you work hard on yourself and on the quality of your game, which depends on many factors. Knowing the seniority of the combinations does not give us any advantage against a strong opponent. Moreover, a lack of psychological qualities leaves us an outsider. And here we are dealing with hidden costs, which can arise mainly due to our inattention and laziness, which should be fought in a constructive way.