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Then how do you explain the fact that KJ, an AP with no other source of income, qualified for and got a purchase money loan for a house in Las Vegas?Quote:
Originally Posted by girlfriday
Maybe the bankers in sin city aren't as hidebound, fussy and short-sighted as you portray them.
Las Vegas has a long history of contrarian banking, e.g. E. Parry Thomas loaning millions to mobsters running Las Vegas casinos when no other bank would touch them.
Maybe he got a non qualifying loan with a 20% down payment and didn't even have to reveal anything?
Average price of a Vegas home is about $200,000. 20% down is $40,000. He claims he won a million dollars, right?
Girlfriday you are smashing the holy grail on this forum with your comments about kewlj and his claim about positive EV connected to his $8800 loss. Be ready. And again thank you.
She has smashed nothing, Alan.
AP's can get purchase money loans in Las Vegas without showing any other source of income.
End of discussion.
I'm sure you are aware that things have tightened considerably in the home loan approval/underwriting business since 2008.Quote:
Originally Posted by MisterVThen how do you explain the fact that KJ, an AP with no other source of income, qualified for and got a purchase money loan for a house in Las Vegas?Quote:
Originally Posted by girlfriday
Maybe the bankers in sin city aren't as hidebound, fussy and short-sighted as you portray them.
Las Vegas has a long history of contrarian banking, e.g. E. Parry Thomas loaning millions to mobsters running Las Vegas casinos when no other bank would touch them.
KJ the AP you mentioned: where did you get that info from? Did he write this on this forum or are you personal friends and or family? Did he identify the loan source?
Not to be negative, but what you said goes against industry policy. That's what guides my belief system. I was in Nevada and I never saw any sin city special deals, at least from my bank, that you talk about.
Just in case the counselor missed the questions....
Quote:
Originally Posted by girlfriday
KJ, a member of this forum, said he got a loan to buy a home in Las Vegas.
Ask him for details, I'm sure he'd just LOVE to tell you (he's like that).
I'm an ap myself so I'm not trying to smash anything. I thought I could offer insight on aforementioned mortgage loans having been knee deep in that business and in that city. I realize not everyone will understand, agree, or want to understand or agree. So be it.Quote:
Originally Posted by Alan Mendelson
The EV discussion is basic math theory, which I understand. It also can be construed several ways, which is where I believe the disconnect comes from. It may well create nasty arguments like I've seen a lot of here, but I'll only provide info that I know without the fighting.
The arguments get nasty when the APs get frustrated and start name-calling, and the discussions deteriorate from there.Quote:
Originally Posted by girlfriday
He said he has gotten two loans to buy houses in Las Vegas. And I think he said he put big downs on them.Quote:
Originally Posted by MisterV
Oh boy. :rolleyes: Alan you really are obsessed with me aren't you? :(
My first mortgage in 20xx, was with xxxxx. I put 40k down on a condo just off the strip that sold for 89k. It was an auction. I was in Philadelphia at the time. I bid on the internet, and when my bid was accepted, I immediately put 40k down and arranged a mortgage online, with Superior, who I just picked out of an online service. Everything was done online before I even traveled to Vegas, including downloading financial documents and electronic signatures. That mortgage was paid off in xxxx, when I sold the condo.
In 20xx, I got a mortgage from my bank, xxxxx for the home that I currently live in. I put 10% down on the home. I was prepared to put more, but it wasn't required. So, I don't know about Bank of America's policies, as per girlfriday's posts, but xxxx was happy to give me a mortgage, based on my income as an AP. The mortgage was in my name only based on my credit worthiness and income. I don't know if it made a difference but I did have 6 figures in accounts at xxxx at the time.
That mortgage was a 15 year mortgage that I paid off in early.
KJ has made well over a million dollars in 14 years of playing blackjack. He started with a 4K bankroll and slowly built from there. He doesn't work everyday but 14 years is about 5000 days. He's had hundreds of losing days, even days where he has lost 8K or more. But he has still out run the game by well over a million dollars. He's damn good at what he does. He ramps up his bets in the big +EV situations. Short term negative variance causes a big losing day sometimes. But short term positive variance creates big winning days too. In the long run it all smothes out.Quote:
Originally Posted by girlfriday
EV built Las Vegas.Quote:
Originally Posted by Alan Mendelson
Alan, you calling anybody, least jbjb stupid, is 'priceless'. Alan Mendelson, you sir are the most ignorant person on the topic of advantage play, that I have come across. I am using the true definition of ignorant, lacking knowledge or awareness. I have no doubt you are a well educated and somewhat 'book smart' man, but you are completely clueless, of almost anything having to do with advantage play. And you have proven that time and time and TIME again.Quote:
Originally Posted by Alan Mendelson
I also take exception to the trolling games that you play. I am not going to go as far as to call you a troll, but you most certainly do play games, trolling games, on this forum. It's nauseating. I am really quite sick of it. :mad:
Your games and agenda become crystal clear, when I take the time, to post in detail addressing your concerns, as I did in post #239 in this thread, and because you have no answer, you "gloss over" what you don't want to hear. You ignore it and continue on your way with your "agenda".
I am done with you Alan. I don't mean that I am going to block or ignore you. I may even respond to things you say. But I am done treating you like a reasonable person, because you are not. You are playing games. I am just not going to waste my time and effort on you. So do your thing Alan. Everything you do and post should come with twilight theme music. :rolleyes:
I have no idea why anyone would give that type of information out online, but what do I know?Quote:
Originally Posted by kewlJ
Quote:
Originally Posted by kewlJ
You mean "Twilight Zone" theme music.
So did seriously threatening to beat people up? Not so different from your "hero", of a few weeks ago, who promptly turned right around and said it was all a big joke, after a bunch of people called him on it.Quote:
Originally Posted by mickeycrimmEV built Las Vegas.Quote:
Originally Posted by Alan Mendelson
Fourteen years is a lot of time make shit up, get tossed off the major blackjack forums, and while away the time bickering endlessly over who said and did what to whom at the lesser ones.
And you guys want instant credibility on the internet?
Let him keep thinking I'm stupid.Quote:
Originally Posted by kewlJAlan, you calling anybody, least jbjb stupid, is 'priceless'. Alan Mendelson, you sir are the most ignorant person on the topic of advantage play, that I have come across. I am using the true definition of ignorant, lacking knowledge or awareness. I have no doubt you are a well educated and somewhat 'book smart' man, but you are completely clueless, of almost anything having to do with advantage play. And you have proven that time and time and TIME again.Quote:
Originally Posted by Alan Mendelson
I also take exception to the trolling games that you play. I am not going to go as far as to call you a troll, but you most certainly do play games, trolling games, on this forum. It's nauseating. I am really quite sick of it. :mad:
Your games and agenda become crystal clear, when I take the time, to post in detail addressing your concerns, as I did in post #239 in this thread, and because you have no answer, you "gloss over" what you don't want to hear. You ignore it and continue on your way with your "agenda".
I am done with you Alan. I don't mean that I am going to block or ignore you. I may even respond to things you say. But I am done treating you like a reasonable person, because you are not. You are playing games. I am just not going to waste my time and effort on you. So do your thing Alan. Everything you do and post should come with twilight theme music. :rolleyes:
P.S. We made $37,650 today from only $8000 in "EV" on blackjack from one of our favorite dealers. :cool:
Alan, your answer here is proof that you don't have a clue about advantage plays. The game in question is a video line game with a banking feature on it. There is a cloverleaf symbol on the 5th reel. When it lands on the line there is a counter that moves from zero to 1. The cloverleaf lands on the line an average of every 36 spins. When the cloverleaf lands on the line a second time the counter moves to 2. When the cloverleaf lands on the line a third time you go into a bonus round. It's a positive play when I find the counter on 2. How did it get on 2? Some ploppie did it then walked. I only have to catch the cloverleaf one time to get the bonus. Once I catch the cloverleaf and get the bonus the counter resets to zero and the game is back in negative expectation so I cash out. I might find a dozen plays a month but it is just one of about a dozen games I exploit.Quote:
Originally Posted by Alan Mendelson
Good for you. I hope that you have a better day, tomorrow. Better than whatever you made, today. And that you post it up, again.Quote:
Originally Posted by jbjbLet him keep thinking I'm stupid.Quote:
Originally Posted by kewlJAlan, you calling anybody, least jbjb stupid, is 'priceless'. Alan Mendelson, you sir are the most ignorant person on the topic of advantage play, that I have come across. I am using the true definition of ignorant, lacking knowledge or awareness. I have no doubt you are a well educated and somewhat 'book smart' man, but you are completely clueless, of almost anything having to do with advantage play. And you have proven that time and time and TIME again.Quote:
Originally Posted by Alan Mendelson
I also take exception to the trolling games that you play. I am not going to go as far as to call you a troll, but you most certainly do play games, trolling games, on this forum. It's nauseating. I am really quite sick of it. :mad:
Your games and agenda become crystal clear, when I take the time, to post in detail addressing your concerns, as I did in post #239 in this thread, and because you have no answer, you "gloss over" what you don't want to hear. You ignore it and continue on your way with your "agenda".
I am done with you Alan. I don't mean that I am going to block or ignore you. I may even respond to things you say. But I am done treating you like a reasonable person, because you are not. You are playing games. I am just not going to waste my time and effort on you. So do your thing Alan. Everything you do and post should come with twilight theme music. :rolleyes:
P.S. We made $37,650 today from only $8000 in "EV" on blackjack from one of our favorite dealers. :cool:
Big AP with money? Have that written in your epitaph or whatever. Anything to "prove" it to anyone but yourself.