Earlier quoted context omitted.
If you ignore the externalities of winning/losing money the thing that the betting brings to poker that is very hard to replace is the impact it has on the players decision making. People playing poker with "funny money" play the game fundamentally differently to the extent it's almost a different game (arguably worse, certainly less predictable) entirely. If you take the money out of it you have to replace it with s…
> If you take the money out of it you have to replace it with something that matters to the players outside of the game itself for it to work. This claim is genuinely alien to me. I've seen people play lots of games very competitively without tying money in it. No one would seriously claim that chess hustler games are the only serious chess games, yet that claim looks oddly similar to the one made in poker. Why would…
And if you saw your opponent move their queen would you be more confident that they probably saw a path to victory than you would be otherwise, and would you maybe spend more time analyzing moves that required that queen move instead of what you might have analyzed instead otherwise? (analogous to bluffing in poker).
Basically the fact that there's some external factor you can use to communicate what your move might mean to other players makes the mind games/bluffing/analysis work better than if you were just playing to win. The money isn't just linked to whether you win or lose - it's actually tied to the individual mechanics in a way that affects how each round plays out.