Gambling is the wagering of something of value on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration, risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season.
The gambler's fallacy, also known as the Monte Carlo fallacy or the fallacy of the maturity of chances, is the incorrect belief that, if a particular event occurs more frequently than normal during the past, it is less likely to happen in the future, when it has otherwise been established that the probability of such events does not depend on what has happened in the past. Such events, having the quality of historical independence, are referred to as statistically independent. The fallacy is commonly associated with gambling, where it may be believed, for example, that the next dice roll is more than usually likely to be six because there have recently been fewer than the expected number of sixes.
In poker, a freeroll tournament is a tournament with no entry fee, and a freeroll hand is where a player is guaranteed to at least split the pot with his opponent, with a chance they can win the whole pot if certain final cards are dealt.
Fixed-odds betting is a form of gambling where individuals place bets on the outcome of an event, such as sports matches or horse races, at predetermined odds. In fixed-odds betting, the odds are fixed and determined at the time of placing the bet. These odds reflect the likelihood of a particular outcome occurring. If the bettor's prediction is correct, they receive a payout based on the fixed odds. This means that the potential winnings are known at the time of placing the bet, regardless of any changes in the odds leading up to the event.
A poker tournament is a tournament where players compete by playing poker. It can feature as few as two players playing on a single table, and as many as tens of thousands of players playing on thousands of tables. The winner of the tournament is usually the person who wins every poker chip in the game and the others are awarded places based on the time of their elimination. To facilitate this, in most tournaments, blinds rise over the duration of the tournament. Unlike in a ring game, a player's chips in a tournament cannot be cashed out for money and serve only to determine the player's placing.
In probability theory, odds provide a measure of the likelihood of a particular outcome. They are calculated as the ratio of the number of events that produce that outcome to the number that do not. Odds are commonly used in gambling and statistics.
Cooperation is the process of groups of organisms working or acting together for common, mutual, or some underlying benefit, as opposed to working in competition for selfish benefit. Many animal and plant species cooperate both with other members of their own species and with members of other species.
Todd Alan Brunson is an American professional poker player and the son of poker player Doyle Brunson. Doyle Brunson did not teach Todd how to play; it was not until he was studying law at Texas Tech University that he learned how to play on his own. Before his senior year, he dropped out of school to turn professional.
The World Series of Poker Tournament of Champions is an invitational freeroll poker event. The WSOP ToC has been played intermittently five times in the 21st Century with different formats. The four WSOP ToC events held from 2004-2010 did not count as official WSOP bracelets events, with the winners receiving instead a large trophy in the shape of the official World Series of Poker logo. In 2010, the WSOP Tournament of Champions returned with a new format more akin to a typical sports league All-Star Event format. 27 players vied for $1 million, with 20 of those players selected by the fans via online vote at the WSOP's website. Controversies over the inclusion of commercially sponsored players resulted in a hiatus in the WSOP ToC for over a decade. The WSOP ToC was reintroduced in 2022 as an official WSOP bracelet event.
The negativity bias, also known as the negativity effect, is a cognitive bias that, even when of equal intensity, things of a more negative nature have a greater effect on one's psychological state and processes than neutral or positive things. In other words, something very positive will generally have less of an impact on a person's behavior and cognition than something equally emotional but negative. The negativity bias has been investigated within many different domains, including the formation of impressions and general evaluations; attention, learning, and memory; and decision-making and risk considerations.
The following is a glossary of poker terms used in the card game of poker. It supplements the glossary of card game terms. Besides the terms listed here, there are thousands of common and uncommon poker slang terms. This is not intended to be a formal dictionary; precise usage details and multiple closely related senses are omitted here in favor of concise treatment of the basics.
This is an alphabetical list of poker topics.
51P/Harrington is a periodic comet in the Solar System.
Risk aversion is a preference for a sure outcome over a gamble with higher or equal expected value. Conversely, the rejection of a sure thing in favor of a gamble of lower or equal expected value is known as risk-seeking behavior.
Alexander Millar is a British professional poker player who specializes in online high-stakes heads-up cash games, specifically No Limit Hold'em, playing under the alias Kanu7 on PokerStars and IReadYrSoul on Full Tilt Poker.
Benjamin Sulsky is an American professional poker player from Durham, New Hampshire, currently considered one of the best online cash game players in the world. Sulsky plays under the aliases Sauce123 on PokerStars and Sauce1234 on Full Tilt Poker. He specializes in Pot Limit Omaha (PLO) and No-Limit hold'em (NLHE).
Jessica Jane Harrington is an Irish professional horse trainer. Harrington specialises in National Hunt racing but has also had success in Flat racing.
This article summarizes the outcomes of all official matches played by the North Korea national football team by opponent and by period, since they first played in official competitions in 1956.
Wiktor Malinowski is a Polish professional poker player who focuses on mid to high stakes online no limit hold 'em (NLHE) cash games. He transitioned to the live poker tournament scene in 2019. He formerly played handball professionally.
The PokerGO Tour (PGT) is the official tour and ranking system for the world's top professional poker players that play in high roller poker tournaments with a minimum $5,000 buy-in. The PGT celebrates the most elite professional poker players by awarding points based on prize money won in approximately 150 tournaments around the globe.