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RE: The Ups and Downs of a Professional Poker Players Life
Thanks for sharing! I wasn't aware it was a thing for poker players to "swap pieces", but it makes a lot of financial sense. It's the same reason why bitcoin miners form mining pools: To reduce the variability of earnings.
If you're going to make and average $200,000 per year, but 1 year you make $10,000 and another $500,000, it's highly beneficial to reduce that variance.
exactly!