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[QUOTE="Statsman1, post: 7100537, member: 317695"]
This is a fascinating discussion.

I believe that luck simply comes down to...
[LIST]
[*]if you are ahead, and you lose, that's bad luck.  If you are ahead and you win, that's good decision making.
[*]if you are behind and you win, that's good luck.  If you are behind and you lose, that's bad decision making.
[/LIST]
If you are ahead when you HAVE to leave it to luck (so...after you call an all-in or go all-in), and you lose, that's simply bad luck and over time, provided you continue to make the smart decisions, you should win more than you lose.  That is simply the math behind it.

If you are consistently behind when you have to leave it to luck....then you are making bad decisions; losing in those spots is not bad luck, it is the expected result.  Winning in those spots, however, is GOOD luck, and this can often be confused with skill.

People who say, "When you lose, go back and see where you made a mistake.  There is no luck." are simply wrong.  When I call a shove with AA, and the villain shows 44 - there is no chance I made a mistake here.  If I lose, it's just bad luck, and as the villain wins, that is simply good luck for him/her/them.

Luck can save us from poor decisions, but ultimately, smart decisions mean we need to rely on less good luck to save us.
[/QUOTE]

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