In business school, we are taught that if we want to earn high returns for our investment, we have to take risks. In gambling, many people take this old adage to heart; pathological gamblers take reckless risks at the promise of earning big. Many of these people turn to games of chance like moths to a flame just to satisfy their hunger for the possibility of high returns and the certainty of risk

Successful business persons, and consistently successful gamblers, know that risk-taking does not guarantee winning in itself: what spells the difference between success and failure in business and in games of chance is how players manage and minimize risk and uncertainty. Businesses use various hedging tools to manage risk: insurance, futures, and other forms of financial derivatives are some examples of these. In games of chance like card games, there is often little opportunity to minimize uncertainty; but in online poker, tools designed to minimize uncertainty have become widespread in recent years. One such device, the poker calculator, provides meaningful information like poker odds and opponents’ statistics to the user. Use of this online poker calculator greatly reduces the player’s risk exposure and increases his chance of winning.