Systemic Risk has the Following Characteristics

The so-called systematic risk is not transferred by our will, it is given by the rules of a game at the beginning of its development. Systematic risk has the following characteristics: inevitable, always exists, and is the same source of winning and losing!

We can simply imagine, if we assume that the person has the same cards, the same playing method, and we play a total of 5 times, can we say that the reason I get profit and the reason I get loss is the same, this is called the same source of win and loss. (The reason I lost the table to him this time is that he wanted to use the rules to steal my chicken by the absolute amount of money allowed, and then beat me by luck. But the next time if luck is not on his side, then I won him so much money for the same reason, he wanted to use the rules to rely on money to steal my machine, otherwise his strength at the time is not possible to all down me.)

If we analyze this matter purely from the point of view of probability, then the more times such a hand is played, the closer the profit I get should be to the number given by theoretical probability, right? I believe no one will object to this, right? That’s not the case. This is the conclusion that I have reached after observing the results of a large number of professional poker players, including myself, that the values obtained in real play vary from person to person, and not all of them match the theoretical values perfectly. If the data from the probability statistics should vary from person to person, is it still meaningful?

Why does the theoretical perfection have such a big deviation once it is tested in the real world? This is because the risk we bear is not the only one systemic risk.

Texas holdem poker onlineSpeculative field

We have all heard some old sayings in the field of speculation, such as people are the biggest source of risk, and the person I should be most careful of is myself. These words reveal to us another type of risk, that is, human subjective risk.

If I had a little less control over myself, I might have made the decision not to leave the table and go home to my chest, but to take more money to the table and mess around.

The difference is that a fish can lose control for hours or even the whole night and leave the table with a huge loss. If his mind hadn’t been out of control, he wouldn’t have lost such an outrageous number.

The pros can usually calm down within 1-10 minutes because we know that losing our temper doesn’t help change things at all and only gives people an opportunity to take advantage of it. We treat our lost money as if it is temporarily placed with the lucky fish, and we believe that sooner or later that fish will return my money, with profit.

Control the power of the mind

The type of risk that corresponds to such a situation is not a systematic risk of winning or losing, but a human subjective risk.

All human subjective risks are characterized by the fact that they are theoretically avoidable, cause losses and do not lead to wins, and originate from one’s own mistakes. It can be said that the quality of a professional poker player depends mainly on how he controls the human subjective risk, because the systemic risk is uncontrollable and unavoidable, so the loss is constant and the profit is also constant, but this profit has to be subtracted from the loss caused by the human subjective risk. This is the fundamental reason why the perfect theory is so different in practice and the final result is so deviant.

Imagine a player who only takes systematic risk (assuming he is perfect), while you have to bear both systematic risk and subjective human risk, then as long as your own human risk is greater than the difference between risk and profit that the system you use can bring you, then your result is already predetermined, no matter how you study the chip pattern, how to improve your system is useless.

Fortunately, although the risk of man-made is huge, it can be overcome, but of course, it is not easy, it requires you to be able to drive your mind well, and to be able to do the same. But in the end, there is a way out.

The first two types of risk alone are difficult enough, but Texas Hold’em is not the only type of risk, there is a higher type of risk that you need to take, and that is what makes Texas Hold’em the greatest and most popular game of wrestling in the world. That is the rule-based risk! It is this type of rule-based risk that has elevated texas holdem poker online from a gambling game to a great game of wrestling.

The so-called rule-based risk has the following characteristics, the risk imposed on the opponent or imposed by the opponent itself, theoretically winning or losing at the same source, but unlike systematic risk, such risk (and profit) can not be measured in probability, while systematic risk can be measured by probability statistics.

There is no statistical model of how many times you do it, how many times you will succeed, or how many times you will fail, because it is very skillful and varies from person to person.

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