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Thread: Warning to Forum Readers -- Gambling Credentials

  1. #41
    Originally Posted by Rob.Singer View Post
    Denial. The 2nd biggest issue of a pathological liar.
    Just as I predicted. Singer can't back up his latest claim just like he never backs up any of his claims. Lie, lies and more lies is all we ever get from Singer. Now, tell me again why any reasonable person would believe his claims of beating .03% winning odds as his claims do. One has to be a monumental sucker to believe anything that Singer spews.

  2. #42
    Originally Posted by Rob.Singer View Post
    2. Incorrect. Mathematical proof does exist proving SPS will almost always yield better results than "optimal play only".
    Anyone with any mathematical training would laugh hysterically at this silly claim. If a "proof does exist" then it covers ALL situations. That's what the term "proof" means. It cannot "almost always yield" a result. What a dufus.

    This is the typical wordy bluff that Singer invokes every time he is pinned in a corner. It is an obvious lie and another reason why people should never believe a single thing Singer says.

  3. #43
    Originally Posted by Alan Mendelson View Post
    I am stunned to think that otherwise intelligent people would not value and embrace win goals and loss limits, and I have nothing else to say on the subject here.
    I am stunned that any intelligent person would make this statement after having been shown a proof that win goals and loss limits have no affect on results over time.

  4. #44
    Originally Posted by slingshot View Post
    What's so hard to understand is that even authors on slots and other gambling games I've read-the main emphasis is win goals and loss limits. I posted months ago on a book called "Slotsmarts" and his 3 strategies for slots each had strategies calling for win goals and loss limits. He even told that playing longer than the called for sessions was defeating because the negative sessions are being logged in faster than the few winning sessions because of the negative expectation of the game=hence, short-term strategy. And as for the higher losses, I would never attempt a session above the $2 denomination on SPS-playing in the wake of risk of ruin. I'm sorry-I just don't get it.
    The point is if you play more on negative machines then you will lose more. Win goals and loss limits are then used to try and limit overall play. However, that is really unnecessary. If you understand that more play will result in more losses then the key factor to understand is limiting your play. Emphasizing win and loss goals can tend to cloud that reality. And, the fact is a higher percentage of casinos wins is likely to increase the number of times a player goes to the casinos. Win goals may work to increase overall play. Oooooops.

  5. #45
    Originally Posted by Alan Mendelson View Post
    What we don't "get" slingshot is that those who oppose embracing win goals and loss limits honestly believe that because they are playing positive expectation games that they cannot lose. There is no risk of ruin for them. They are true believers.
    Wrong again, Alan. What we believe is we have a much higher probability of winning. When will you quit being dishonest?

  6. #46
    Originally Posted by arcimede$ View Post
    I am stunned that any intelligent person would make this statement after having been shown a proof that win goals and loss limits have no affect on results over time.
    When I read this I remember what my father told me about investing in the stock market. He said: "no one ever went broke selling at a profit."

    And applying that to casinos: "no one who ever quit when they were ahead is a loser."

    The effect on results over time means nothing to an individual player when it comes to the money in his pocket, the chips in his rail, and the credits on the meter. Try to understand that, Arc. Someday it might sink in.
    It's all about quitting when ahead.

  7. #47
    Alan, someday the concept of mathematical proof might sink in ... but I doubt it. You are willfully ignorant.

    So, how soon are you heading back to Caesar's?

  8. #48
    Alan, it's excitingly clear that the challenges are mounting up in the arci household. I'm his BFF, and I sense these things Remember, he's a "tested genius" which means he's "smarter" than everyone else, so he'll never be able to stop calling you names when you talk common sense to him that obviously gets to him in a big way, even if he wanted to.

    Block him. That way I can go around the forums making fun of him getting permanently banned from yet ANOTHER forum!

  9. #49
    Originally Posted by arcimede$ View Post
    Alan, someday the concept of mathematical proof might sink in ... but I doubt it. You are willfully ignorant.
    Proof? What more proof do you need than this: you buy in for $500 and cash out for $600. Or you buy in for $100 and cash out for $125. That's the only proof anyone needs. It doesn't matter if you cashed out the winner on 10/6 DDB or 8/5 DDB. A win, is a win.

    Originally Posted by arcimede$ View Post
    So, how soon are you heading back to Caesar's?
    Not any time soon. There is an offer for $1,000 of free play or a Macy's gift card in June but depending on my work schedule and what competing offers there are at Rincon will determine whether or not I can go to Caesars. Rincon daily offers are lower, usually in the range of about $250 to $350 but it doesn't require a Vegas trip. Of course, I might get the bug again like I did Sunday night but that was the first time I ever did anything like that since I was in college and drove from Syracuse to my home in suburban NYC just to get a haircut and then drove back all in the same day.
    It's all about quitting when ahead.

  10. #50
    Originally Posted by Rob.Singer View Post
    Block him. That way I can go around the forums making fun of him getting permanently banned from yet ANOTHER forum!
    I don't know who I should block. You both have turned this into your own sandbox for kicking sand into each other's faces.
    It's all about quitting when ahead.

  11. #51
    But I'm a PRO at getting banned! Now arci....that's a different story. He can't handle such a "life-changing" event, so it would be like him getting an unreturnable punch to the gut! Oh what fun

  12. #52
    That whole "true believer" statement made by Alan was pretty dishonest. In fact, it's the so-called AP's who are most aware of risk of ruin and plan accordingly in terms of having appropriate bankrolls. That's one reason win goals and such are relatively meaningless to people who know what they're doing and are playing positive games -- the amounts that can be won/lost in one session represent a very small percentage of their overall bankroll.

    But this has been clearly stated, usually by Arci, dozens of times, and our forum leader chooses to misrepresent AP's for his own mysterious ends.

    I find it rather funny that, frankly, of everyone on this forum, I would be considered the most expert, but somehow that doesn't count for much -- on this forum. But given this forum, that's as it should be.

  13. #53
    Originally Posted by Alan Mendelson View Post
    I don't know who I should block. You both have turned this into your own sandbox for kicking sand into each other's faces.
    Then "both" is the correct answer.

  14. #54
    Originally Posted by redietz View Post
    I find it rather funny that, frankly, of everyone on this forum, I would be considered the most expert, but somehow that doesn't count for much -- on this forum. But given this forum, that's as it should be.
    This is the only forum in the world where a mathematical proof is less important than the results of a single session; where a math degree is meaningless; where the fact Frank figured out how to get a guaranteed return means he would have lost money without it; and where a person who has told dozens of obvious lies is believed without question.

    The infamous rabbit hole has nothing on this place.

  15. #55
    Originally Posted by redietz View Post
    I find it rather funny that, frankly, of everyone on this forum, I would be considered the most expert, but somehow that doesn't count for much -- on this forum.
    Who are you? What are your credentials? What is your real name? Have you published any books? Do you operate a website? Have you published any articles? I know you only as "redietz."
    Last edited by Alan Mendelson; 05-28-2013 at 03:13 PM.
    It's all about quitting when ahead.

  16. #56
    Well, isn't this juicy!! Let's take these apart one at a time.

    Originally Posted by arcimede$ View Post
    This is the only forum in the world where a mathematical proof is less important than the results of a single session;
    Mathematical proof is important, but I think most gamblers (with the exception of you who are devoted to the math) look at their casino visits as results of a single session. I know that I do. I would hate to drive home saying "I dropped too much money this week, but I know the math will bail me out in the future." Because the truth is, the math won't bail you out. The math of any given game is per hand, per play, per bet. When you play a hand at 9/6 Jacks or Better you have a theoretical return of 99.54% on each and every hand you play. If you get fifty blank hands in a row, it doesn't mean that the next 50 will give you winners that will give you an overall return of 99.54%. You know that, Arc.

    Originally Posted by arcimede$ View Post
    where a math degree is meaningless;
    It's not meaningless. Congratulations.

    Originally Posted by arcimede$ View Post
    where the fact Frank figured out how to get a guaranteed return means he would have lost money without it;
    Is this the same Frank who gambled only with other people's money and never risked his own over 14 years? Yes, that was a sweet way to gamble, don't you think?

    Originally Posted by arcimede$ View Post
    and where a person who has told dozens of obvious lies is believed without question.
    Really, who believes without question? I don't.

    Originally Posted by arcimede$ View Post
    The infamous rabbit hole has nothing on this place.
    I've never been down the rabbit hole, but this place is filled with characters.
    Last edited by Alan Mendelson; 05-28-2013 at 03:21 PM.
    It's all about quitting when ahead.

  17. #57
    My name is R.E.Dietz. I don't sing or dance. As for the rest of it, hey, you're the journalist. Not everyone self-promotes.

  18. #58
    Originally Posted by redietz View Post
    My name is R.E.Dietz. I don't sing or dance. As for the rest of it, hey, you're the journalist. Not everyone self-promotes.
    The R.E. Dietz that shows up on Google is a lighting company and importer of electronics from China. I don't see any references to gaming.
    It's all about quitting when ahead.

  19. #59
    God, people are so predictable. I actually deleted a line about you having to do more than google. But I expected a better response from a journalist.

    I guess you caught me, Alan, I don't exist.

    I'm going to speculate that I'm the only forum member (I could be wrong) to give a paper at the National Conference on Gambling and Risk Taking. I'm also going to speculate that writing articles and self-publishing books is no measure of any kind of credibility.

    The arguments Arci (and occasionally, yours truly) have made here don't rely on appeal to authority or credentials. They are simple statements of math and logic that stand alone without any help from the authors.

  20. #60
    Originally Posted by redietz View Post
    The arguments Arci (and occasionally, yours truly) have made here don't rely on appeal to authority or credentials. They are simple statements of math and logic that stand alone without any help from the authors.
    What's different Mr. R. E. Dietz is that you said "I would be considered the most expert" and this is something that does require credentials and is not a simple statement of math or logic. So please tell us who you are, what you do, so that we can give you the proper recognition. I personally would be very honored to have someone connected with UNLV and its International Conference on Gambling and Risk Taking posting here. By the way, the 15th Conference is being held right now at Caesars Palace, and I wish I had known and could have met you in person. Thanks.

    Oh, and please tell me what logic tells you not to embrace win goals and loss limits?
    It's all about quitting when ahead.

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