The Role of the "Sucker" in Gambling Dynamics

In gambling, one insanely weak sucker player is often the one who makes a lot of money for a lot of other players. A sucker is someone who is not a good gambler. The most suckers are when there is a boom in gambling. When a boom occurs, many dreaming beginners enter the game, and these beginners become suckers.

Statistics in Texas hold'em poker show that the weakest players are losing money at a rate that far exceeds that of the strongest players. The strongest players make an average of $110 per 100 games, while the weakest players lose an average of $400 per 100 games. By the way, if they choose fold: not to bet , at the first turn every time, they only lose $150. The author of this book was able to make money during the poker boom by using calm analysis and strategy, but when the boom ended, he started losing money.

In the movie "Rounders" about poker, there is this line

"If you don't find a sucker in the first 30 minutes at the table, consider yourself a sucker."

-- Rounders

While this statement is not absolutely true, as there may in fact be no suckers, it is quite true to point out that if you don't see any weak players around, you shouldn't play there.

This would also apply to betting mahjong etc. Now, the casino is illegal in Japan, but if casinos are legalized in Japan ute, there will be a large number of beginners entering the market, so it may be a good time to make money if you are a strong poker player.

References

• Signal & Noise: The "Predictive Science" of a Genius Data Analyst Nate Silver 349