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"I've lost 10 of 14 sessions ... yet, I'm still ahead for the year."

mrmarcus12LVA
mrmarcus12LVA
Apr 6, 2011
3:39am
Block User
Quote
Originally posted by: MoneyLA
First question: How does an advantage player know when to quit so that he can lose ten of 14 sessions and still come out ahead?
It's pretty simple. The advantage player quits when he no longer has an advantage. There is no time limit nor stop loss limit; these are specious concepts for losers, propounded by fake "experts."

Normally the loss of the advantage is due to his internal state, i.e. fatigue. However, external circumstances do change (as we all know) and this can reduce or eliminate the advantage. E.g. hostile pit boss, changed rules, changed pay tables, a particularly attractive waitress (don't think the casinos don't know the effect these women have)...

The record of 10 losses + 4 wins = 1 win is simply indicative of the variance, which is inherent and inescapable.

arcimedes
arcimedes
Apr 6, 2011
5:16am
Block User
Quote
Originally posted by: thlf
I know one motivation for this thread is a question in you mind about arci. Figure it out. He plays in a state that has a low that no vp can pay over 98% but he has an advantage. He has found 2 machines that were grandfathered in at +ev and those machines are being used every time he goes but he has an advantage. No matter what you ask him he is going to have an advantage. You know why? Because he is full of shit.


There are over 200 machines that have been grandfathered. Of course, we wouldn't want you to actually state any facts to back up your assertions. Just lie and then throw out insults that assume your lies are true.

Don't believe me? Well, come visit and take a look for yourself.

What is it about some people that they simply can't accept it is possible to win?

MoneyLA
MoneyLA
Apr 6, 2011
6:22am
Block User
First of all there is no need to insult any or at any time. Arc I am sorry your wife is ill and I wish you both the best. Now getting back toi business: I don't deny that there are winners or that you or others can win. I just think you can't guarantee anything in a casino except that you have a risk of losing.

KayPea
KayPea
Apr 6, 2011
6:42am
Block User
Quote
Originally posted by: MoneyLA
there is a big difference between business and gambling.


Business is a gamble. If you dont believe me just ask a restaurant owner. Advantage play however is less of a gamble as there are no fickle customers of competing businesses to worry about. It is just you vs the machine and you can actually calculate the expected return and the mathematical probability of reaching that return over a given timeframe. No business offers that level of assurance.

speck72
speck72
Apr 6, 2011
8:24am
Block User
Quote
Originally posted by: mrmarcus12LVA
Quote
Originally posted by: MoneyLA
First question: How does an advantage player know when to quit so that he can lose ten of 14 sessions and still come out ahead?
It's pretty simple. The advantage player quits when he no longer has an advantage. There is no time limit nor stop loss limit; these are specious concepts for losers, propounded by fake "experts."

Normally the loss of the advantage is due to his internal state, i.e. fatigue. However, external circumstances do change (as we all know) and this can reduce or eliminate the advantage. E.g. hostile pit boss, changed rules, changed pay tables, a particularly attractive waitress (don't think the casinos don't know the effect these women have)...

The record of 10 losses + 4 wins = 1 win is simply indicative of the variance, which is inherent and inescapable.


This posting is correct in entirety. Sorry, I like your postings MoneyLA, but the entire premise of this thread is ridiculous. My experience for this matter comes from live poker and BJ, but applies to any game where a player has a theoretical edge.

MoneyLA
MoneyLA
Apr 6, 2011
8:34am
Block User
Sorry speck but there was no "premise." I simply asked a serious of questions. I did not refute any of the answers because I only sought information. Some of you like to jump to conclusions.

Kaypea, I am a business owner. In fact, before I got into my current business my father owned a chain of restaurants. My grandfather owned a chain of supermarkets.

Casinos operate a business. I have a hard time putting a gambler into the same ranks as a caino operator, a restaurant owner, a supermarket owner or the owner of the service business that I have.

But if you want to make that connection, be my guest.
arcimedes
arcimedes
Apr 6, 2011
10:24am
Block User
I've made the correlation of business and gambling to Money before, but he missed it then just like he's missing it now. This is one of the reasons he continues to make silly statements about advantage play. He simply does not nor (evidently) wants to understand how it works.
MoneyLA
MoneyLA
Apr 6, 2011
2:02pm
Block User
stop right there, Arc. there is no correlation of business and gambling.

if you want to gamble, youre a gambler.

Im not saying that gamblers cant create good businesses. but in good business, you dont gamble.

I think you know what Im saying.

ps. I understand how advantage play works. but what I can't understand is why you are so CERTAIN that it works? If the game you are playing (VP) is played with a random number generator and you have no control over that RNG and it spits out only random numbers, how can you be certain you will EVER win?

THAT is what I can't undertand.
snidely333
snidely333
Apr 6, 2011
2:39pm
Block User
Quote
Originally posted by: MoneyLA
stop right there, Arc. there is no correlation of business and gambling.

if you want to gamble, youre a gambler.

Im not saying that gamblers cant create good businesses. but in good business, you dont gamble.

I think you know what Im saying.

ps. I understand how advantage play works. but what I can't understand is why you are so CERTAIN that it works? If the game you are playing (VP) is played with a random number generator and you have no control over that RNG and it spits out only random numbers, how can you be certain you will EVER win?

THAT is what I can't undertand.


This is like the 20th time you've wrote this. Continuing to discuss it won't make you understand it, will it?

You can't be certain you will make a profit in business, either.
MoneyLA
MoneyLA
Apr 6, 2011
2:43pm
Block User
Youre right, snidely. but Im not saying you can always make a profit in business. However, the advantage players maintain they can always make a profit in video poker. respond to that for me please????
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