Nearing Completion of Evaluation of RS system (not)

I suppose I should comment on this, but I don't have much faith it'll have any effect, since I'll merely be restating what I already said before yet again.

"My own personal threshold for minimum yearly expected earn would be about $40,000 after taxes, before I would consider the industry to be well and truly dead."

How about we try it using different words: If I was still a VP pro (and I'm not) and the maximum theoretical yearly gain reached $40,000 or below, I would consider the industry to be well and truly dead and would seek other employment.

I never said this was my income. I never said this was the current industry income. I never even said I knew what the current industry income was exactly and I don't know it. I'm not currently an active professional gambler. I gave up being a full time pro in 2002 to do other more fulfilling things with my life. If I still played and didn't make at least 40k theo then I'd look for other work. No need to do any of that since I already quit for other reasons.

Currently, some of my old partners call me in every now and then when they need help on plays. I help them out as a favour. All other play I do for comps and party invites to keep my dating costs to a minimum. I do not consider this to be full time gambling and might play as little as 4 hours a week.

Lastly, what I did was not conventional AP, so I have no way of knowing what AP's make or made. I was part of a huge progressive team. Might as well be a different profession from AP VP.

I just listed an opinion, but people heard what they wanted to hear.

The 40K a year was a hypothetical number I pulled out of my head that was never reached during my active career. That is to say my theo was always higher than that.

PLEASE NOTE: THEORETICAL WIN IS NOT ACTUAL RESULTS. Shockingly, my actual results varied. If you'd like to interpret "varied" as being only to the negative, go ahead. That's not what the word means, but I'm assuming at this point you'll hear whatever you want to regardless of what I say.

Thanks for clearing that up Frank. I wish that for once we could discuss real and not hypothetical numbers. Everything in gambling seems to be discussed in terms of theoretical.... Except the casinos who have their bottom lines published for stockholders.

i liked it better when you said you were no longer going to respond to this dimwit, and he kept posting to you as if you hadnt said you were ignoring him, and you kept ignoring all his "fraaaaaaaank pay attention to me fraaaaaaaaaaank" posts.

Jenaphir....

This is a reminder that you have been/are on the MoneyLA "Ignore list", and he will not see anything you've posted.

I had made a comment that was being badly misquoted out of context. I felt it best to clarify, before people started going around quoting the misquote and attributing it to me. I never intended to say much I made, or how much I had made, since I pride myself on NOT including my results in my discussions...and I'm not going to start now.

If I ever asked someone to follow what I do, or believe what I was saying BECAUSE I HAVE WON MONEY, I think my head would explode from the irony.

The problem is, "outcome bias" is ubiquitous in our society.

Does anyone have any thoughts on how to prove to people that hold results above all else, why that's not a good idea???

The Greeks figured this out 2000 years ago, but sadly their culture ended badly when the Romans invaded, so people with outcome bias never listened to them.

P.S. I do not wish people to think I started ignoring Money's questions because I think he a "dimwit". These are not my words. He kept asking me the same questions and then disputing the answers and no amount of conversation seemed enough to close the issue. I just don't have the time for that. I consider direct questions to be requests for advice. If you don't want my advice, then don't ask for it.

I do not consider comments to things I have said that were not directly requested information in the same light.

I see what you did there.

oh yeah, you totally didnt say that. i was just misquoting you using the word that every person reading his posts has thought when reading his "same question 238947238974 times" shtick.

By and large, Frank, I don't think a majority on this site will accept the "I refuse to stoop to the 'show me yours and I'll show you mine'arguement"

Frank there is certainly a miscommunication problem here.
I don't think I've ever asked for your advice on anything.

And while it would be nice to discuss video poker strictly in terms of theoreticals the casino required that I put real dollars into the slot and I want to get real dollars back to pay my bills.

Unfortunately I don't see the theory translating into real dollars. As melbedewey pointed out you still need a good amount of luck.

And I'm sorry that I ask the same questions. When I do its because I need more info or don't understand or just flat out disagree.

It was probably less than a year ago that I demonstrated to Money that a 2% edge could easily translate into $100K or more yearly income on no more than a 40 hour week. Frank has stated that he typically looked for a 2-4% edge. It should be easy for anyone with a couple of working brain cells to figure out that Frank could have made a quarter million or more for some years and probably nothing less that $50K on a bad year.

But, as he has done with Frank, Money tended to ignore what I wrote. He does not want to hear that professional VP players could make real money. He never has.

No doubt it is more difficult now. It takes a lot more scouting and effort to find high return games. That doesn't mean it is impossible, but it probably means the industry supports far fewer pros than it used to.