Do poker and sports betting skills correlate?

[gagux123]

Look, I can't answer this question very accurately, but I agree with what @Welsh said.
The more active the users, the more likely they are for these types of events to happen!
Another point that is also correlated is, the sample size (number/quantity) analyzed is very small for this research!

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[just_Alice]

In this particular case, it might have been a coincidence. However, I think some sort of unifying factor may be present here. For both poker and sports betting skillfulness is required, though in sport betting luck plays a big role as well.

So, generally, a person that is more prone to analysis, more patient, more watchful, etc. is more likely to succeed in both poker and sports betting than an average person.

But it should also be taken into account, that there can be a pro poker player that is horrible at sports (or vice versa), in which case, there would be no correlation.

[Hippocrypto]

On my personal views about sports betting, the outcomes depends with the progress of the sports game and if you're good in determining the odds you had a bigger chances of winning. Unlike poker game, you need mind reading and strong analytical formulation which can be acquired when playing into mastery of this betting game.
If you're good at poker face reading, then you got the skills to play the game effortlessly.
You can't put these games in correlation because they actually differ from each other.

[Poker Player]

It may be a coincidence in this instance, and as others have said, the sample size is too small to form a conclusion.

However there is certainly an overlap between the skills required for sports betting and those required for poker. Your point about winning in the long run is I think important. I think I am reasonably good at poker, and have made more money than I've lost. Same for sports betting. The mathematics is important in both. If you judge there is a 30% chance of winning in any particular individual instance, then of course that will resolve to either win or lose, 0% or 100%. With two 30% events your outcomes can be 0, 50 or 100%... etc. In the long run, the combined outcomes will approach 30%. There are certainly differences in the skills required for poker and for sports betting, but understanding the mathematics and making decisions armed with a statistical analysis rather than going with gut instinct is invaluable in both.

I guess what they are similar in is the combination of mathematics with intuition.

But I see clear differences. For example, in poker there are times when you know 100% that you have the winning hand. Other times you know 99%, like when a very passive player reraises you (in this case you know he has the winning hand). I don't think you have those percentages in sports betting. Then, the example you give of 30% I suppose it is similar to when in poker you have the odds to chase a flush or a straight.

On the other hand, the bookmakers give odds for sport betting calculating also, you are calculating against the house and I see only a small margin of winning there. In poker if you want to win money you have to sit at tables where you know there are worse players than you. There I think there is more margin than your odds calculation vs the house odds calculation.

Of course neither activity is like casino games where you know they are inexorably EV- in the long run, even though you may have favorable results in the short run.

[perla]

Probably they are just really like gambling games no matter if its card game, sports betting or anything. I don't see any relation between the two rather than the willingness and hobby of the player on both games, it's really nice that they managed to be a good bettor and poker player at the same time.

[Smartprofit]

Today seeing the results of the Sportsbet.io ⚽ Brazil v Spain prediction game:

I noticed that all the guys in the top 3 were at some point participating in the Bitcointalk Poker Series. Now, it's not that a lot of people were participating there, somewhere around 30 ppl max, so I started wondering is there a correlation.

What are your thoughts on this, guys?

Yes that's right. 

Poker players are often addicted to betting on the outcome of sports events.  This is due to the fact that these are similar types of human activities.  People try themselves in various activities.  Let's assume the poker player is successful.  He reads that people also make money by betting on sports.

I have analytical skills, he tells himself.  Why don't I try a new kind of activity? 

Successful people are always curious and love to do something new.

[YOSHIE]

What are your thoughts on this, guys?

If you know the type of PokerClub88 game, of course, there are few similarities or reciprocity between poker and sports / football betting, what is prioritized is: the strategy that is played in PokerClub88 and is also a mix of skills that are often used.

In guessing also has something in common, poker requires card guessing and score soccer, similarly poker players are no strangers if they bet on soccer gambling, Physically, poker sports betting is not correlated, but betting is related, strategy, skill, guesswork, etc.


for them poker players bet on sports betting and win, I think it's based on luck and guesswork.

[imstillthebest]

are those 3 people also the top winners of the poker event ? if they are then that was really shocking but if they arent then not at all  .
maybe those guys only love gambling too much that they joined every events held in bitcointalk and they already built an experience  .
that can be thier common  . also the less number of participants did increase thier chance to win

[Kong Hey Pakboy]

I don't think so, they just might be really good at those games, I mean both needs some sort of analysis to make a good play to make sure that it's going just fine. I think that it's all a coincidence or something because we're trying to make sense the things that they're doing.

[BTCGOLD]

I have often read that it is used interchangeably. If a casino has a sports betting site as well as a poker section, some players play poker to relax or kill time from a game in progress. With low limits, of course.

[dustboy]

I noticed that all the guys in the top 3 were at some point participating in the Bitcointalk Poker Series. Now, it's not that a lot of people were participating there, somewhere around 30 ppl max, so I started wondering is there a correlation.

What are your thoughts on this, guys?

Coincidence only. Poker and Sports are 2 different thing, there is no correlation between these two gambling games. Required skills on both games are also different, I'm sure you do not need long explanation about it. If those 3 winners usually win on sports betting and poker contest, means that they have both poker skills and sports betting skills.

[Betwrong]

What are your thoughts on this, guys?

The "sample size" is too small for the "survey"  
~

I agree, and I think that's why what would be really interesting is what's said here:

~Aside from that, it'll be interesting if all 30 poker participants also participate in some form of sports betting tournament.

Only not once, of course, but many times, and then we would be able to make some conclusions.

~There are certainly differences in the skills required for poker and for sports betting, but understanding the mathematics and making decisions armed with a statistical analysis rather than going with gut instinct is invaluable in both.

That's right, and also good money management is required for both to be successful.

~ Of course, our skills and knowledge are not just limited to one.

That's why I wanted to discuss possible correlation here: poker and sports betting, undoubtedly, depend on skills and knowledge, at least to some degree.

There are no correlations having the same set of users who won top 3 in sportsbooks.io participate in bitcointalk poker series, this might just be a coincidence having in mind both happen to be a game of luck even if a little physiological approach might be required for poker games and for sports an overall analysis on the players previous performances and even with all this analysis there is still no guarantee what so ever. It's just a coincidence

I disagree. As I said earlier, poker and sports betting do not purely depend on luck.

most people who are in games of chance like and study almost everything that the casinos offer, that is, it is normal that people like and bet on sports bets and at the same time on poker and at the same time on slot and other games. .. this does not mean that being good at poque will also be an advantage in sports betting. if you look at sports betting and poker, it's easy to see that you have to do different analyzes and with different strategies and bankroll management

I think poker and sports betting can't be compared to purely luck based games, like slots and other similar games. They are very different games.

[Poker Player]

most people who are in games of chance like and study almost everything that the casinos offer, that is, it is normal that people like and bet on sports bets and at the same time on poker and at the same time on slot and other games. .. this does not mean that being good at poque will also be an advantage in sports betting. if you look at sports betting and poker, it's easy to see that you have to do different analyzes and with different strategies and bankroll management

I think poker and sports betting can't be compared to purely luck based games, like slots and other similar games. They are very different games.

They are indeed essentially different. As I was commenting above, casino games are EV- which means that the player will inevitably lose money in the long run. The larger the sample the surer it is and the more he will lose.

In poker, on the other hand, there are many players who develop an EV+ game, where the opposite happens as in casino games: in the short term they may lose, even against very bad players, but the larger the sample size, the more likely they are to be in profit and the higher the profits. Some people say that this can be achieved with sports betting, but I don't know that for sure.

[Wexnident]

They could be good, but it's not like one relies on the other. Poker pretty much is a player vs player game, while sports betting is based on analysis of the teams and whatnot. At its core, they're both analysis types of games, but the area they analyze is different. Though in general imo, gamblers would have one way or another experienced both sides so they'd have quite the familiarity with both types of gambling. Not to mention that if they're actual hard core gamblers, experiencing other types of gambling once or twice wouldn't really be rare.

[Cnut237]

I guess what they are similar in is the combination of mathematics with intuition.

But I see clear differences. For example, in poker there are times when you know 100% that you have the winning hand. Other times you know 99%, like when a very passive player reraises you (in this case you know he has the winning hand). I don't think you have those percentages in sports betting. Then, the example you give of 30% I suppose it is similar to when in poker you have the odds to chase a flush or a straight.

On the other hand, the bookmakers give odds for sport betting calculating also, you are calculating against the house and I see only a small margin of winning there. In poker if you want to win money you have to sit at tables where you know there are worse players than you. There I think there is more margin than your odds calculation vs the house odds calculation.

Of course neither activity is like casino games where you know they are inexorably EV- in the long run, even though you may have favorable results in the short run.

Yes, there are certainly differences as well as similarities. I was just trying to point out that the ability to make accurate mathematical assessments is invaluable in both poker and sports betting, and is the backbone of a successful strategy.

You are right that in sports betting you are often calculating against the house... but not always. There are some online betting platforms where the odds change considerably depending on how other platform users bet... which makes it a little more like poker.

But I'll defer to someone who has the word "Poker" as part of their user name* - I suspect you are more knowledgeable than me in this area!




*I'm still waiting for someone to defer to me on the subject of Anglo-Saxon history, but it's not come up in any of the threads yet

[rhomelmabini]

Maybe they're just versatile on both game or they got lucky on the sports match. I know how to play poker but I really suck at sports betting and that's a fact. The two games are just different and they don't have in correlation you may notice from the players that they are good on both games but that's nothing to rely on.

[worle1bm]

I have also participated in some poker games and don't think there is correlation among between both as poker required some different sorts of skills like making active move and judging the next opponents cards and then deciding your move with desired amount.But with sports betting you can't say like that because you are not playing yourself so it can have unpredictable results at anytime so according to me it's a mere coincidence nothing else.

[magneto]

More likely than not, they're just active participants in the gambling subforum.

Sure, raw poker skill could give you an edge but I don't think that it is a noticeable one at all. Successful sportsbettors generally have a great deal of contextual awareness that you simply can't gain from a knowledge of game theory or whatnot alone.

Classic example of correlation =\= causation here.

[michellee]

Maybe the correlation is because poker as a card game is one of the sports in many sports even but for the other such as skills, technique, methods, or else will be different than sports betting. Poker is like a game that needs skills to beat the opponent and sports betting is how people can select the sports they like. But I think poker players can also become sports bettor if they have the skills to analyze the sports and know what sports they can place the bet. So that gamblers have more skills to play different gambling games and I think that is a gift for them.

[Obito]

Maybe they're just versatile on both game or they got lucky on the sports match. I know how to play poker but I really suck at sports betting and that's a fact. The two games are just different and they don't have in correlation you may notice from the players that they are good on both games but that's nothing to rely on.

Versatile is a big word but I can accept it, I mean there's nothing wrong with that but the problem is that it's only two sports so I really don't think versatile is the good word, maybe good at the game might be appropriate since you can be versatile but you aren't good at those things that you're versatile at. Regarding the question, I think that it doesn't correlate because it's an entirely different game.