Tagged: poker stats

Understanding the Net Present Value in Poker

Understanding the Net Present Value in Poker

It may come as a surprise but many poker concepts can actually be learned by studying other disciplines. For example, there are so many parallelisms between poker concepts and business. Various companies must make crucial decisions based on the net present value of money. In the simplest terms, this means that you would assign a discount rate that is based on a particular market factor in order to arrive at the net present value of money that you are going to spend or receive in the future. For example, if there is a choice between spending $10,000 three years from...

Why Einstein Would’ve Made a Good Poker Player

Why Einstein Would’ve Made a Good Poker Player

Thanks to cheesy Hollywood movies, some people think that poker is all about mindgames: outwitting the opponents, making a cool bluff. Take the phrase “poker faced”: expressionless, unreadable. They get the impression that Poker is about knowing how to tell a good lie. Well, possibly, but some “mindgames” are basically about good math. Yes, math. If you want to spend the whole evening working on your acting, join a theater group. This game requires some computation, analysis, and at the very least, the ability to multiply. For example, the best poker players can look at a hand and generate a...