That's wonderful....except for the fact that I'm not interested in finding you. And the only reason I'm going to Montana in a few days is to pass thru it to get to somewhere that the people are more educated, intelligent, sober, they have all their teeth, they're not old men still mooching off of mommy, men are attractive to women, the hicks and their junk cars & trucks are nowhere to be seen, and people pay their taxes.
I am very proud to own this forum with quality information. It's like a crystal flute filled with the finest champagne.
Oy vay.
Montana has no state sales tax though. I have to say I enjoyed that when I visited last year.
Check out my poker forum, and weekly internet radio show at http://pokerfraudalert.com
Oregon also has no state sales tax, and we've spent quite a bit since being here. Montana's zero tax doesn't really matter for mickey. He can't even buy toothpaste.
mc, at the Wizard's,
http://wizardofvegas.com/forum/off-t.../20035-ouch/6/
This is what $5-600 a day nets him?
No, withstanding the variances is not enough.
A billionaire would be comfortable betting the Martingale double up upon a loss when starting at $5, but that would be a waste of the billion, not to mention a lot of time around the wannabe's.
The problem is that the longer you play, the much longer the bad runs you'll encounter. Once a bad run starts, it takes exponentially longer to get out of it.
If you've ever run a computer simulation, you'll see that this is unavoidable. When things even out by variance, okay, but, it's when it doesn't even out (for you) that you go bust.
This is the paradox of risk of ruin or ROR.
You can't get rid of the risk if you want to double your money.
A lot easier to lose all than to double up against much larger opponents. Even with a considerable edge.
Even with optimal betting by the Kelly Criterion, a casino gambler can't play enough small bets fast enough to avoid this.
Even with 1/2 Kelly, and other modifications over the stock markets, you have to have the stomach for the cliffs. (Over simplification.)
Last edited by ThomasClines; 11-06-2014 at 08:58 PM.
A very interesting point and I agree with it.
Here's an example: I was playing $5 Aces and Faces video poker and I was down about $2,000. Even if I hit a long shot like quad aces which pays $2,000 I would only break even.
This is why I decided to set "loss limits" because once you reach a loss limit it becomes unrealistic to think you could claw your way out of the hole unless you hit something very big such as a royal or multiple quads in rapid order.
Before you start saying that what I am saying violates "the math" let me point out that only in very, very few sessions over years of play have I come back from a very big deficit -- and that was only by hitting a royal. And while this might violate "the math" I can honestly say that if I don't start hitting winners from early in the session the chances are it will be a losing session.
On the other hand, I must mention that about three years ago I hit a $36,000 royal progressive after being in the hole about $15,000. But I wouldn't want to go through that again.
There are better paying jobs, if you want to become a true gambling expert. Granted, you have to put in the hours, but that's a good thing if you like what you're doing. But, there's not enough emphasis placed on education in Western society as opposed to the prosecution mentality of misfits. People who gamble begin to perceive themselves as elitists who have circumvented the system. But then you have to ask yourself, how did they wind up in dimly lit casinos? Imagine what an engineer who could build a device to predict roulette would be worth in military circles, eg.
My approach to gambling is a paradigm shift away from the expected values, etc, to making of it what I can as a diversion from the real tensions of life. A $50 win, or even a $5 win, has meaning to me in that I didn't "have to lose" say $20,000 to try to prove out something in a gambling book. How often do poker players say, well, I had to pay you off? Anyway, I don't see much use in trying to duplicate such results. You live only once, so may as well try for something more.
Last edited by ThomasClines; 11-06-2014 at 10:19 PM.
Sad to say again....you don't pay attention. We don't "win bread" any more. Ever hear of pensions, SS checks, & 401k's? Oh that's right, you'll never see any of that because you suck off the government handouts. "Got it made" to life's leftovers like you and the other low-life slugs in Montana means Medicaid, living assistance, and food stamps. Just enuf for beer and getting by at the lowest of levels.
That quite the existence you have there, mickey.
Mickey neglected to warn me about the large 10-point buck deer that seem to enjoy getting slammed into head-on at 80mph across Montana. This is the result of just that. The new car we bought to tow behind the RV is now a wreck. The effect? Well, we got a rental to finish the trip to Minn., and once this snowstorm stops we'rd off to buy another new car. Before insurance nonsense begins. Thank you, video poker.
There are currently 16 users browsing this thread. (0 members and 16 guests)