You Got to Know When to Hold ‘Em and When to Fold ‘Em » You Got to Know When to Hold ‘Em and When to Fold ‘Em
There are many parallels between poker and e-commerce.The lack of control and balance while playing online poker for real money can lead to the best of players squandering away weeks or even days of winning. As in e-commerce, it is important to make the best use of the opportunities for making easy money by playing poker to ones advantage, by keeping a tab on the greed factor and bankroll.
An online poker player, who wins consistently, showcases his caliber as profitable, disciplined and well organized player, who requires much more control than a live poker player. The same scenario is replicated in e-commerce transactions. Consumers tend to go overboard with the ease of shopping and payment options meted out at e-commerce portals and dedicated websites. The lure of products and services from across the globe, proves to be dangerous if the buyer loses control and ends up ordering more than he can ultimately pay for.
Online poker players have to be stronger, quicker and imagine themselves to be under the control of an invisible hand. Playing within the roll and adding to the same, is all that is about gaining success in the field of online poker play. Accordingly, remember to set your payment benchmarks. The moment you cross a predefined amount in your e-commerce transactions, immediately withdraw from indulging in further spending.
A brief insight into some interesting aspects of e-commerce becomes necessary at this stage of its comparison with online poker. Electronic commerce or e-commerce as it is commonly called, is the selling and buying of services and products over the electronic systems which include computer networks and the internet.
The technologies which are drawn upon in commercial transactions on the web relate to electronic data interchange, transaction processing, inventory management systems and automated collection of data. It is common fact that all modern electronic transactions end up using the advantages of World Wide Web at some point of their life cycle and uses a wider range of more sophisticated technologies such as mobile devices, email or wireless applications.
With internet pervading all areas of work and home life, e-commerce is definitely here to stay and grow. Whether it is playing poker with real money or spending money on dedicated e-commerce portals, technology has made its mark in every virtual field in more ways than one.
It's indeed amazing how an online poker game can have fundamental similarities with online buying behavior. Well, at the end of the day it is all about spending or earning the moolah.