Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/235010 
Year of Publication: 
2020
Series/Report no.: 
Discussion Paper Series No. 687
Publisher: 
University of Heidelberg, Department of Economics, Heidelberg
Abstract: 
This paper aims to measure skill and chance in different versions of online poker, using the best-fit Elo algorithm established in the first chapter. While Texas Hold'em arguably is the most popular version being played, the amount of skill involved might differ from other versions like Omaha Hold'em. Many platforms offer faster procedures to play (e.g. "hyper turbo"), as well as different levels of stakes. Given the richness of online poker data, it is possible to isolate the impact of these variations individually. The heterogeneity of best-fit Elo ratings decreases in quicker competitions or with higher stakes. Meanwhile, Omaha seems to contain more elements of skill than Texas Hold'em, as its analysis shows a wider distribution of skill levels of players.
Subjects: 
Elo-rating
measuring skill and chance
poker
JEL: 
L83
C72
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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