A publication that talks about the effect of poker played in land-based and on an online casino has been recently published. The title of the paper is “The Role of Skill Versus Luck in Poker: Evidence From the World Series of Poker”. The authors of the paper worked collaboratively to be able to come up with a publication that explains how poker, whether played in land-based or online casinos, becomes a game of skill or a game of luck. The study was based on the events that happened during the various tournaments of the World Series of Poker held in 2010. There were 57 tournaments with over 32,000 participants in the game. The money collected during the game for the prize pool reached $185 million.

The authors of the publication were Professor Steven Levitt and Professor Thomas Miles, both avid land-based and online casino poker players. Professor Levitt is an economics professor of the University of Chicago. He authored Freakonomics, a bestseller that talks about topics related to economics. Based on the researches they have made during that 2010 event, they have determined that there is large evidence that poker is a game of skill, rather than of luck. Their conclusion is largely grounded on the monetary performance of players who are skilled, in both land-based and online casinos, on their assumption.

It showed that players who are skilled earned 30 percent of the amount they invested. All the others lost 15 percent of their investments. Converting it to monetary terms, skilled players earn in every tournament an average of $350. Those who are not lost an average of $400. They further concluded that courts of the states which ruled that poker, especially played at online casinos, is a game of luck are unfair in concluding without statistical basis.

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