Not taking +EV bets that represent negligible portions of your net-worth is epistemically irrational so it seems like a rationalist community should be encouraging betting when it is done at reasonable stakes as a way to train or test beliefs.
After some amount of practice, playing poker should be +EV. Betting money while still a poker noob, however, is certainly -EV. I’d be more willing to bet money if I had some indication, preferrably in the form of an Elo rating, that I can expect to come out ahead.
I’d be more willing to bet money if I had some indication, preferrably in the form of an Elo rating, that I can expect to come out ahead.
After we cover some introductory material on our site, I plan to recommend people test out play money games after signing up to learn how the software works and get a feel for the game, then take these twotests. I’ll try and get some scores from winning, marginal, and losing players so I can make a recommendation for a cut-off on whether to play or keep studying first.
After some amount of practice, playing poker should be +EV. Betting money while still a poker noob, however, is certainly -EV. I’d be more willing to bet money if I had some indication, preferrably in the form of an Elo rating, that I can expect to come out ahead.
After we cover some introductory material on our site, I plan to recommend people test out play money games after signing up to learn how the software works and get a feel for the game, then take these two tests. I’ll try and get some scores from winning, marginal, and losing players so I can make a recommendation for a cut-off on whether to play or keep studying first.