I just read Bob Dancer's Jan 25th column

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Originally posted by: MoneyLA
I just went over Bob Dancer's math.

He admits to losing $80,000 playing video poker. (Did he lose more?)
He won a car worth a cash value of $40,000.
Thats a net loss of $40,000.


Lets not forget about the tax implications on winning a $40,000 car. I'm assuming that he could write off the losses playing VP, but I don't know by what %.
Here's what Mr. Singer has to say. He said I could post whatever part of it I'd like, so I'll post the whole thing!

What Dancer did is what the local AP's do when they can afford it: They pool together their money and have the best player who can stomach long boring hours at the machines, play for the promotion. Sort of like what Fezzik does as a sports bettor. Their battle cry is always the same BS: Winning or losing doesn't matter if it was a "good play". So he had a supposed 1.6% advantage, and he lost $80,000 in the process? Really, how sick is that?

You saw arcimedes come rushing out to defend Dancer by pretending that there's plenty of Dancer-winning going on behind the scenes that no one hears about, but that's only because he tries to impress while building his own stricken confidence and has little knowledge as to how these people team up to go after these things. Dancer had no problem boasting about how much "he lost" chasing the car, because he wants to appear wealthy to the masses when he's only losing a fraction of his own money--if that. Remember, Dancer still works for Compton, he still teaches for a fee, and he still sells whatever he can peddle for a profit. And he'll be cursed doing this until the day he either dies or falls ill enough to have to quit playing, simply because he's both incredibly addicted to the machines, and they take all of his disposable income each & every year. The guy already looks old and defeated in life, and sitting at the machines building up his video poker butt & gut isn't doing him any favors.

So that's what Singer has to say! I don't know who or what Compton is.
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........
! I don't know who or what Compton is.


Thanks Bagiant

Maybe this is "Compton"?

https://www.compdance.com/index.shtml

https://www.compdance.com/consultants.shtml

nevermind.

Regarding the "theoretical loss" that several of you refer to. LOLOLOL. He lost a lot more than the "theo amount." And that is the ONLY math that counts.

Again, if you think you are playing the game that "theoretically will make you a winner with all of the comps and cash back, etc" but you actually "lost more money" than in effect: "the operation was a success, but the patient died."

"theo amounts" mean nothing when you lose more. and please, dont tell me that "over the long term" you will come out a winner. because "theo" is "theo" and the bottom line is what you really lost... or what you really won.

"nevermind" works for me too. LOL

Just read this entire thread - Jeez - my head hurts......
A reaction to the Singer quotes:

Bagiant, I dont know if you agree with this statement of Singer's, but it makes perfect sense to me too:

"Their battle cry is always the same BS: Winning or losing doesn't matter if it was a "good play". So he had a supposed 1.6% advantage, and he lost $80,000 in the process? Really, how sick is that?"

Still, what amazes me is that Dancer publicly wrote about it, with all of the flaws. I can't wait to see his follow up column. What really surprises me is that I follow Dancer and I "learned" from Dancer. And I even went out of my way to make special trips to Vegas to attend his seminars at various locals casinos. And from everthing I ever learned from him, I just find it hard to believe he did this.

Now, if Singer is correct that he was playing with "pooled money" (as some of the VP teams play with, as I understand it) then this revelation by Dancer will change me reaction to this whole strategy for winning the car.
I don't understand how anyone could play with pooled money. Who takes the responsibility for tax liability?

I've taken a lot of heat in the past for not being a "math" person and for playing less than great games. You're either lucky or you're not.

I think both Dancer and Singer have plenty of flaws and nobody should "follow" either one of them.
Quote

Originally posted by: MoneyLA
"Their battle cry is always the same BS: Winning or losing doesn't matter if it was a "good play". So he had a supposed 1.6% advantage, and he lost $80,000 in the process? Really, how sick is that?"...
I don't know. Why don't you ask the folks that run Las Vegas casinos. Because they have statistical advantages against the players all the time, yet on occasion the players win.

Guess they should get out of the business too.

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