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Well said Badbeet. There is always a beginning and there is always an end. Except Midnight Toker who must be up to 5 years now of sitting at his table in the Great Northwest. It begins when our hindparts hit the leather. The end is the variable for most every player. The way end is handles is what separates the men from the boys.
I don't believe you can accumulate/bank EV. But, I get what KJ was trying to say. I would try to explain it to you, however, you don't seem to understand simple gambling concepts.Quote:
Originally Posted by Alan Mendelson
Show me a casino that used the language (terminology) that kewlj used. Show me any company that says they lost money but had the best +EV day ever.Quote:
Originally Posted by The BozQuote:
Originally Posted by Alan Mendelson
Yes publicly traded casinos do say that, in slightly different words. You will see reports where they admit they had a bad quarter because of baccarat loses from large players. These players win or lose enough to change balance sheets. Yet they still continue to accept their bets and pamper them with anything they need. Why do you think that is Alan?
In other words stop trying to twist around the gobbledygook. It's bullshit.
Casinos will have losing days but they don't say it was their best day for +EV. That is the bullshit.
Quote:
Originally Posted by Alan Mendelson
Mr. Mendelson: KJ was not saying be "accumulated EV" for the future. he was saying that during this day he played with a positive expectation even though he lost
If you really want to know how a blackjack AP operates you could look into computer simulations of the game
they will show you, for example, that despite playing with an advantage there will sometimes be significant losses
with computer simulations AP operations can be calculated with exactitude
for example: if an AP has a 1.5% advantage and plays without error it can be shown that after 10,000 hands he will be ahead 95% of the time (I'm estimating) (95% of the 10,000 hand trials)
....................after 100,000 hands he will be ahead 99% of the time (I'm estimating) (99% of the 100,000 hand trials)
of course, when that 1% or 5% actually happens it can hurt
playing blackjack as an AP doesn't mean you never lose. it means you have a long term advantage
if you want to say that blackjack APs are kidding themselves if they say that large short term losses don't hurt them or effect them you might be right
but I hope you are not saying that playing blackjack as an AP is an exercise in futility
there are literally thousands of people who have profited from playing blackjack with expertise
You trying to explain it to Alan wouldn't work for the simple reason that Alan doesn't want to understand this simple gambling concept. More than that he refuses to understand....and when he does understand he pretends not to because quite simply: Alan has an agenda to discredit AP's. This includes, but is not limited to me.Quote:
Originally Posted by AxelWolf
So when he reads something that doesn't compute in his degenerative gambler mind, or as in this case reads some terminology that doesn't make sense to him, he gets all excited thinking he has one of those "gottch ya" moments to hopefully discredit someone (in this case me). BUT the truth is that every other person that read my comments understood what I was saying or trying to say, except those that were determined not to.
Let's stop right here and let me show you what Half Smoke posted above:
Mr. Mendelson: KJ was not saying be "accumulated EV" for the future. he was saying that during this day he played with a positive expectation even though he lost
If that is all Kewlj was saying then YES I accept this.
So the question is now to kewlj: is this all you were saying?
Most people, well... ALL people that call them selves APs play with a bankroll. This means they are only playing a percentage of their bankroll on sessions etc. This allows them to go again and play their game. They usually do not get to the point where they are busted as they just dont allow that to happen.
It's called bankroll management. They dont go with 1K to their name wager $25 per bet and play till gone... they may go with 50K to their name and wager $5 per bet... not exact numbers but you might get the idea.
No they don’t say it, they practice it everyday. If a whale is willing to risk and lose $100 Million but actually wins $20 million it effects their bottom line publicly released results. But the casino knows it was a good EV Day. And they will welcome the player back the next week if he wants. Only you would argue the semantics of it.Quote:
Originally Posted by Alan MendelsonShow me a casino that used the language (terminology) that kewlj used. Show me any company that says they lost money but had the best +EV day ever.Quote:
Originally Posted by The BozQuote:
Originally Posted by Alan Mendelson
Yes publicly traded casinos do say that, in slightly different words. You will see reports where they admit they had a bad quarter because of baccarat loses from large players. These players win or lose enough to change balance sheets. Yet they still continue to accept their bets and pamper them with anything they need. Why do you think that is Alan?
In other words stop trying to twist around the gobbledygook. It's bullshit.
Casinos will have losing days but they don't say it was their best day for +EV. That is the bullshit.
Not sure why you have to act like you do Alan, but it’s easy to see why you are so disliked and ridiculed here and elsewhere. I can only assume jealousy and bitterness in your life.
For once Dan hit it on the head with his opinion on why you are like you are.
Remember GA classes all across the Valley today and everyday. It would be the best +EV Day of your life. I hope you consider it.
Boz cut your bullshit trolling. The question has been put to kewlj. I want to see kewlj's answer.
Did Half Smoke have the correct interpretation or not?
Stand by Boz and Half Smoke and let's see kewlj's response.
My understanding of what you were saying is that you played a lot of hands that day with a positive count, where you bet a multiple of your minimum bet that correlated with the count.Quote:
Originally Posted by kewlJ
Even though you lost, it doesn't matter whether you won or lost, it's whether you made a good bet.
Is that what you were trying to say?
Here is a decent explanation of EV:
http://www.bettingresource.com/expected-value.html
MisterV we know what EV is. Kewlj told us he uses the term in some unique way to explain his personal system.
Therein lies some of the problem.
Coach let's wait for kewlj to spell it out. I'm afraid it's more than that he just made a good bet.
Kewlj was saying things like "accumulating EV" would make him a winner later.
This may clarify.
(eV) is a non-SI unit of energy used in atomic and nuclear physics, equal to approximately 1.602 177×10-19 J. The electron volt is defined as the kinetic energy acquired by an electron upon acceleration through a potential difference of 1 V.
That's how my grandmother explained it to me, but it only applies to the common and everyday use...colloquially-speaking among players it means something else.Quote:
Originally Posted by regnis
I am going to explain the "accumulated EV" concept in a very simple way.
Think of 20 sports books in Las Vegas where you want to bet games, but each book will accept only a portion of your action. They each allow you to bet a different subset of games. They each offer a different juice. Some are even money, some are 100-101 for, some are 100-102 for, some are 100-103 for. When you add them all up, you have a slight but clear advantage.
You spread your money around and bet your array of games. Some win, some lose. Some weeks you lose more games than you win. Some weeks you win more games than you lose.
What kewlJ refers to as "accumulated EV" refers to a measure of how those bets were distributed, win or lose. Some weeks, placing wagers at mostly the 100-101 places, you had a certain small "accumulated EV." Some weeks, placing bets at places where you were 100-108 or more, you had a much larger "accumulated EV."
The games' results determine your weekly cash wins or losses. Tracking the EV, however, tells you to what degree you had the best of it each week. Some weeks you had miniscule advantage, some weeks you had substantial. Results don't enable you to clearly track this. Keeping "EV" records does.
All you'll get from kew is more make believe and more spin. When you want the truth you just need to use your head. Common sense is easier than it seems.
OF COURSE kew was trying to say "I lost today big time guys, but stick around, because I accumulated a whole lotta precious EV today. And what that means is I AM DUE!"
Now Alan, just imagine how these dopes would react if you said the same thing kew's trying to portray....that you feel you're "due" so you're going to the casinos with an abundance of confidence! They'd call you names, tell you you're broke because you stiffed your son, they'd say you have nothing left after the first of the month, and they'd question whether you were born with a left side.
In reality, kew chose to make a fool of himself that day because he craves attention and cannot live without his perceived relevance that he thinks he gets from his babbling on the various forums. His choice to go all about this as an anonymous coward is so he can pretend no one knows what a gambling addict--and by definition, failure--he really is. Thus, his "threats":) to leave whenever the slightest bit of truth about his fantasy begins to trickle out.
Sorry. Only kewlj can explain it.Quote:
Originally Posted by redietz
Another story, from where was it---pluto?Quote:
Originally Posted by redietz
You know full well that the kew was ONLY referring to the advantage he believes he has for every hand played, and he added it all up as driven by the amount of his bets. He then says he keeps track of this phantom bucks accumulation, and if it's high but he loses, he believes he'll get lucky the next time around.
It is total gambler's fantasy BS and everybody knows it.
Really kewlj it's time for you to explain exactly what your "accumulating EV" is all about. Please don't say anything about AP hate. Spare us the usual. Just spell it out so redietz, Boz, Half Smoke, mickeycrimm, MisterV and everyone else know EXACTLY what you're talking about.
Let’s face it,this is why this forum is a garbage dump. You call me a troll, the owner and admin Dan calls Singer a troll all with no concern on how the forum appears in the unlikely event a new poster would show up.Quote:
Originally Posted by Alan Mendelson
Alan, KJ owes you NOTHING.
You on the other hand should Thanking me for the list of GA classes I provided you.
Kewlj owes me nothing but he owes everyone an explanation of his "accumulated EV" system.
Already we have different interpretations from different forum members. That alone requires an explanation from him.