bob Dancer's new column, new question

Wait, how does that math work again? More money is better than less money or is it the other way around?

Once again I agree with Redietz... this article was a mess.

Arc, of course I understand it is better to have a larger bankroll than a smaller one.

But I also know that if you keep losing $300 at a time, soon there won't be any bankroll. While I understand that you need a larger bankroll to sustain yourself for the wins that will make you turn a profit in the theater of "advantage play" the reality is that the "theater of advantage play" is small, with limited seating, and may not even exist for most players at most casinos.

Anyone who has to watch the bottom line will be concerned with the bottom line. Give me a player with a 10K bankroll who makes a $300 return and he is a giant compared to the player with an $80k bankroll who loses $300. Keep that up and I would describe the $80K player as "whale oil."

This is the logical equivalent of the statement "If a coin is flipped 100 times and comes up heads 55 times, then flipping that same coin 100,000 times will result in 55,000 heads."

Right...I think I'll invest my cash in cash so I can gamble with it. Hell of an investment.

Yea, that rate of return is a whopping -%?

MrMarcus, let me put the question back to you.

You wrote: "If a coin is flipped 100 times and comes up heads 55 times, then flipping that same coin 100,000 times will result in 55,000 heads."

Ok. So if a coin is flipped 100 times and comes up heads 55 times, what would make 100,000 coin flips result in a 50-50 distribution? Can you guarantee a 50-50 distribution? Of course you can't.

Therefore, a gambler with an 80K bankroll who loses $300 on the first session of play can not guarantee or even assume that he will break even or come out ahead on the next session. Can he?

So, how many $300 per session losses can a gambler with an $80K bankroll endure? About 266.

What the math cannot predict is when you will have a win.

Can the math predict when you will have a loss?

snidely: NO.

Which was sort of the point of Bob Dancer's article. While you're singing "Luck Be a Lady Tonight," Bob Dancer's tune is "The Long Run."

These Dancer articles, IMO suck.



I would be much more entertained and/or informed with a weekly column from someone like Rizzo or someone who works in Vegas. Something kinda like the LV cabbie chronicles guy.