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A comment on The Hustler's MBA. Parent comment
You need be able to separate the orthogonal components of EV and variance.
Over a large sample of hands, a professional poker player will wipe the floor with you.
There is a great deal of variance in poker, but that doesn't mean that one person can't be significantly better than another in the long run.
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You need be able to separate the orthogonal components of EV and variance.
Over a large sample of hands, a professional poker player will wipe the floor with you.
There is a great deal of variance in poker, but that doesn't mean that one person can't be significantly better than another in the long run.