Is a professional poker player a gambler?

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Yazmin Price asked a question: Is a professional poker player a gambler?
Asked By: Yazmin Price
Date created: Sat, Feb 20, 2021 11:24 PM
Date updated: Mon, Sep 12, 2022 10:53 PM

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Video answer: Can you become a professional gambler? part two

Can you become a professional gambler? part two

Top best answers to the question «Is a professional poker player a gambler»

Whether it's poker where the professionals fleece the novice players, or the casinos offering “fun games” that are unbeatable… As much as we'd like to separate poker from gambling, poker played for money IS gambling. There will be some winners, and a vast majority of losers.

Well, many poker players are not especially skilled and just play for fun. On average, they will lose money, but they enjoy the thrill of risking their money. Such people may very well be described as gamblers. Professional poker players, however, are not really gamblers - because they risk money at favourable odds.

Video answer: Can you become a professional gambler? part one

Can you become a professional gambler? part one

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What distinguishes a professional poker player from a problem gambler? Control. An addiction expert reveals the fine line between heavy recreational gamblers and pro poker players.

And while I admit that I was hopelessly addicted to fruit machines as a teenager, poker doesn’t feel at all like gambling.

Esfandiari has a colourful life story aside from being a professional gambler. He grew up in Iran, moved to California when he was nine, and went to jail for selling marijuana not long after graduating from high-school. After a brief stint as a magician, he began playing poker and eventually founded the poker website Ultimate Poker.

This has led to professional poker players being compared to drug dealers, because sometimes your best source of income is the degenerate gambler who's so addicted to poker that he's willing to risk his entire life savings. As a poker pro, though, your job isn't to be the addict's conscience and cut him off.

However, the IRS in Hom, T.C. Memo. 2013-163, conceded that poker entry fees and rake fees (charged per hand to play poker online) were business expenses of a professional gambler. While the Tschetschot and Hom cases are inconsistent, this inconsistency is irrelevant under amended Sec. 165(d).

When we ask if poker is gambling or skill, the answer is – both. You can either gamble playing poker, not factoring in any of the underlying mathematical logic, or you can learn and master the game to the point where you are minimizing the randomness of events.

Prepare for each tournament with a poker expert. This will show you consider gambling your job, and that improving your game is part of professional development. Don’t have an entourage. Since gambling is usually for fun, you have to show that you are not playing for pleasure, but for a living. It is better to go by yourself.

Poker has long been one of the most viable options for becoming a professional gambler. The reason why is because you’re competing against other opponents instead of the house. It’s tougher to make a living in poker these days because strategy is more prevalent.

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