Pascal, Poker and Pensées
If you’ve been reading this blog for a while you know I like to play poker. I have read numerous poker books and articles over the years, and the concept of “expected value” is at the core of every one. Expected value theory helps skilled players calculate whether a particular play will, in the long run, be profitable. Here’s a simple example. Suppose I’m playing Texas Hold ‘em and my hole cards are the king of hearts and the three of hearts. The flop comes and the community cards are the ace of hearts, the four of clubs and the nine of hearts. My opponent is in front of me and bets out for $10 into a pot of Read More ›