The lottery is America’s most popular form of gambling. It’s also a powerful way for states to raise revenue. But, as with most things, it’s not without its costs. For example, state lotteries are an implicit tax on poor people, whose purchases of tickets disproportionately reduce their disposable incomes. The big question is whether the…
Day: December 11, 2023
Understanding the Basics of Poker
Poker is a card game that is played in betting rounds, with players making wagers on the probability of winning a hand. The person with the highest ranked hand when all the cards are revealed wins the pot. Players may also choose to bluff, and this is where a solid understanding of basic strategy comes…