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The Role of Skill Versus Luck in Poker: Evidence from the World Series of Poker / Steven D. Levitt, Thomas J. Miles.
- Format:
- Book
- Author/Creator:
- Levitt, Steven D.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w17023.
- NBER working paper series no. w17023
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- The Role of Skill Versus Luck in Poker
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2011.
- Summary:
- In determining the legality of online poker - a multibillion dollar industry - courts have relied heavily on the issue of whether or not poker is a game of skill. Using newly available data, we analyze that question by examining the performance in the 2010 World Series of Poker of a group of poker players identified as being highly skilled prior to the start of the events. Those players identified a priori as being highly skilled achieved an average return on investment of over 30 percent, compared to a -15 percent for all other players. This large gap in returns is strong evidence in support of the idea that poker is a game of skill.
- Notes:
- Print version record
- May 2011.
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