Mike Caro recently posted on his website an article he wrote some time ago for Card Player magazine. In it, a parallel between playing poker and living life is made.
“Every conscious act requires risk,” states Caro. “Every conscious act requires decision. You put those two facts together and you realize that the secret to success in life is not to avoid gambling, but to gamble well.”
I’ve always said that a real gambler is a person who takes risks, but does so in most careful and best way to succeed in that risk. Those who gamble without thinking, without preparing and with a compulsion beyond their control are not good gamblers – their risks and play override the practice and skill it takes to close the “house edge.” Such compulsive gamblers need help. They are not what this article is about.
It’s about any gambler that takes the time to practice, learn the best strategies, stay away from high house edge “sucker bets” and control their bankroll to able to enjoy the work and skill accrued to be more of an Advantage Gambler.
I will give an abridge version of Mike’s analysis in this post and interject the possibility to other situations and games. But, I highly recommend this and other posts that Mr. Caro has written for Card Player Magazine & other media. Click on the Title below for the complete article.
Caro: “Today I’d like to discuss not poker strategy per se, but a few of the things I have learned from poker about how to live life better — namely, how to “gamble well” with decisions outside of poker. Continue reading