Daily Mail Covers Thomas Miles' Research on Whether Gambling Requires Skill
A pair of academic aces have wandered into the row surrounding the legality of the U.S. online gambling industry - by arguing that poker is a game of skill rather than luck.
Economics professors Steven Levitt - author of bestseller Freakonomics - and Thomas Miles argue that the world's top poker players are blessed with similar levels of skill as Major League Baseball players.
Their report - The Role Of Skill Versus Luck In Poker: Evidence From The World Series Of Poker - comes a month after the FBI blocked America's three largest online poker sites amid accusations of top-level bank fraud, money laundering and violating gambling laws.
And it is just the ammunition that could help the sites, Full Tilt Poker, PokerStars and Absolute Poker, as the federal government aims to recover $3billion from them.
Crucially, if poker is proven to be a game of skill, it might not fall under federal gambling rules.