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I think poker is considered a game of skill in regards to gambling. If not, it should be.
Sports handicapping is a game of skill.....does that mean it is not gambling?
Parimutual wagering is a game of skill......does that mean it is not gambling?
Poker is a game of skill......are you saying you are not risking currency during a particular game or hand?
You can be a winning poker player due to a high skill level however that does not mean that it is not gambling. 9 players are sitting at a table risking currency by playing a game.....isn't that the very definition of gambling?
Disclaimer: I am pro-poker but can't stand when people use the "it's a game of skill therefore it isn't gambling" angle. Unless you find me a game where all 9 players are assured to profit it is gambling if you are wagering money.
Sports handicapping is a game of skill.....does that mean it is not gambling?
Parimutual wagering is a game of skill......does that mean it is not gambling?
Poker is a game of skill......are you saying you are not risking currency during a particular game or hand?
You can be a winning poker player due to a high skill level however that does not mean that it is not gambling. 9 players are sitting at a table risking currency by playing a game.....isn't that the very definition of gambling?
Disclaimer: I am pro-poker but can't stand when people use the "it's a game of skill therefore it isn't gambling" angle. Unless you find me a game where all 9 players are assured to profit it is gambling if you are wagering money.
I can say the same thing about investing in stocks. But then I guess everyone knows that is gambling already.
Disclaimer: I am pro-poker but can't stand when people use the "it's a game of skill therefore it isn't gambling" angle. Unless you find me a game where all 9 players are assured to profit it is gambling if you are wagering money.
I get what your saying, right to the heart.
I think thats the argument we have to make because the law specifically states game of chance. Its too ambiguous to properly ban or unban poker.....
I've read a number of news articles where people around town get busted by police for poker games, so I wont be hosting one whatsoever. Too bad, it would have been fun.
I can say the same thing about investing in stocks. But then I guess everyone knows that is gambling already.
Beat me to it, I was going to say if buying "shares" of the volatility index (aka you're betting on the volatility of the market) is legal, then poker should be legal. Just remember, the first rule of Poker Club is do not talk about Poker Club, the second rule....
I can say the same thing about investing in stocks. But then I guess everyone knows that is gambling already.
Of course investing is gambling however there is a vast difference between engaging in a legal activity and an illegal one. As i said, i am pro-poker having played as an online pro for 3 years prior to the UIGEA of 2006 but poker will be considered illegal gambling if there is money wagered until the government has a regulatory body in place (which will be within 1-2 years will legalize online poker imo).
Investing is not gambling. Speculating is gambling. There is a big difference between using 100+ years of financial data to develop a plan for long term capital growth vs putting all your money in something (say a California based solar company) and hoping for enormous gains.
Back on topic - I may have missed it, but did anyone find a definitive statute or local ordinance on home poker games? The statute I quoted does mention "game of chance", but I didn't see anything about court rulings, etc.
Investing is not gambling. Speculating is gambling. There is a big difference between using 100+ years of financial data to develop a plan for long term capital growth vs putting all your money in something (say a California based solar company) and hoping for enormous gains.
Back on topic - I may have missed it, but did anyone find a definitive statute or local ordinance on home poker games? The statute I quoted does mention "game of chance", but I didn't see anything about court rulings, etc.
I suppose Bear Stearns only had 85 years but of course.....that wasn't gambling to those employees who had their retirement and pension funds with this company now was it?
Investment any amount of capital carries risk and when you risk capital you are gambling no matter how you choose to justify it. I do realize the difference between a sensible approach to investment and take a wild ride with a speculative company however investing in a Bear Stearns or an AIG certainly did prove to be gambling.
I do realize the difference between a sensible approach to investment and take a wild ride with a speculative company however investing in a Bear Stearns or an AIG certainly did prove to be gambling.
Investing in Bear Sterns and AIG was not an issue for anyone with a diversified portfolio. The winners (Apple, etc) more than offset the losers. The stock market has NEVER had a losing 10-year period, including the time that covers the great depression.
Some of my ex-Nortel co-workers in the area can tell you the hazard of putting most/all of your retirement money in a single company. I know of two specific individuals that lost over $2 million. That's speculating, not investing.
where can I find a game during the day in the Raleigh Durham area?
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