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Thread: The Wiz and the Challenge

  1. #101
    if you are using your gambling bankroll to pay for your living expenses either the gambling bankroll has grown to allow for the deduction OR your gambling bankroll is shrinking because you don't have the profits for growth.

    Just once I would like to see an actual accounting of a full time gambler whether it be someone who plays VP, or poker, or any game. We know that some of the big poker stars get big sponsorships which could account for what keeps them going from big tournament to big tournament. But are those who play VP or blackjack for a living sponsored, or do they have other jobs?

  2. #102
    Originally Posted by Alan Mendelson View Post
    One thing that blackhole says is true: APs seem to leave the RNG out of their equations. They just don't account for a long string of an RNG not cooperating with their expert holds. That's the problem with trying to be an expert at video poker: the darn RNG just doesn't give you that card you are drawing for. Even our friend Arcimedes has had extremely long droughts when drawing on four to the royal. I had a royal flush drought that lasted more than a year.
    Not true at all, Alan. Risk of Ruin has always been part of the equation on all my plays over the years. If a long losing streak put such a big dent in your bankroll that you had to quit the play then you were playing to high for your bankroll to begin with. the guy in the video has less than a 1% chance of going 5 cycles without a royal, about 225,000 hands. How much would he be stuck if he went that long? The expectation is about $2800.

    Just because you have huge expectation on a bet doesn't mean it's a good and/or exceptable bet. If Bill Gates offered to flip coins with me and offered a 5 to 1 payoff when he lost that would be huge expectation. But what if the caveat was I had to put my entire bankroll on one flip? That one flip would have humongous expectation but I would turn down that proposition. Sure I would have six times the bankroll if I won the flip, but if I lose the flip I don't just lose my bankroll, I lose the earning power of my bankroll to. So there is more at stake. But if Gates wanted to go where all I had to put up was $5000 a flip then I would flip coins with him until I take every dime he has.
    "More importantly, mickey thought 8-4 was two games over .500. Argued about it. C'mon, man. Nothing can top that for math expertise. If GWAE ever has you on again, you can be sure I'll be calling in with that gem.'Nuff said." REDIETZ

  3. #103
    Once again a coin flip question. This time it's 5 to 1.

    SMH.

    That means... shaking my head.

  4. #104
    Just listen to the phantom bullshit RS and Mickey are tossing around on paper. The video poker dude should have this or that and the other thing if he plays for 18 hours at that speed.

    If he shoves a catheter up his cock he could save up to 45 minutes over an 18-hour period. In addition, if he gets one of those hats that hold two beverages he could put two one-quart bottles of water on his head and just suck on the straw when he needs a refreshment. This will keep his hands flying on those buttons without interruption.

    Now if Bill Gates wants to flip coins, WHAT????????????? If I offered $150.00 to your $100.00 dollars to flip coins, WHAT??????????????????? Most AP’s tend to have plenty of money. Who says so? You guys share bank account or mattress details? RS trying to impress his 5K to 15K bank deposits. If my checking account ever got near those numbers I would be convinced I was marked already for identity theft.

    We’re always told what should happen, never with prove of what did happen. Phantom theories flying all over the place. Put–UP or Shut-Up you fucken phantom assholes.

    How come no one else realizes how fucking stupid this is getting? Because the fucken idiot M. Shanksithard is in on this makes it worthy for discussion? He’s just another fucking idiot who admitted he wasn’t successful at AP’ing, went broke gambling, and got bailed out (at least for now) from illegal banking online casino whores. His claim to fame is where to find the phantom bucks. Guess he couldn't find them after all.

  5. #105
    What a piece of shit you are. Rot in hell, asshole. Oh yeah...that's coming soon enough.

  6. #106
    Originally Posted by kewlJ View Post
    What a piece of shit you are. Rot in hell, asshole. Oh yeah...that's coming soon enough.
    The lord sayeth, boys who love boys will be the first residents of hell.

  7. #107
    Originally Posted by quahaug View Post
    So if you have $100,000 bankroll and spend $10,000 of it on living it's now a $90,000 bankroll or am I missing something? In other words any time your bankroll goes down from living or losing your ROR goes up right? You don't base your ROR on a bankroll you had you base it on the bankroll you have.
    Sure, ROR goes up when BR goes down (and everything else remains constant). But it's not that big of a change if you're already playing around 1/2 or 1/4 kelly.

  8. #108
    If you have to use your gambling bankroll to pay your living expenses it seems to me you are not a successful gambler.

  9. #109
    Originally Posted by Alan Mendelson View Post
    If you have to use your gambling bankroll to pay your living expenses it seems to me you are not a successful gambler.
    What?

    If you are paying your living expenses from your gambling winnings and bankroll which is comprised of those winnings, then you most certainly are a successful gambler. If you can't grasp this concept, no wonder you can't grasp any other.

  10. #110
    Let me explain kewlj so there is no confusion: a gambling bankroll should only be a gambling bankroll. Let's say you put aside $10,000 for gambling because you've determined you need $10,000 for your gaming. That's your gambling bankroll. (Singer, by the way, had a video poker bankroll of $57,000 I believe to play his game.)

    If you have profits from that gambling bankroll, you can "pay yourself" from it, but you would still maintain your $10,000 bankroll.

    If your decide you need a $10,000 bankroll but can't maintain it then you are not winning. As soon as you drop below $10,000 (which is what you determined you need) you are in trouble.

    Of course if you think replenishing a gambling bankroll is the sign of a successful player, then go ahead and be that way. But it won't cut it as a business model. In business you have a bankroll for operations and you pay yourself as you profit. If your business can't survive you don't want to tap junior's college fund to keep the struggling business, or do you?

  11. #111
    Originally Posted by Alan Mendelson View Post
    Let me explain kewlj so there is no confusion: a gambling bankroll should only be a gambling bankroll. Let's say you put aside $10,000 for gambling because you've determined you need $10,000 for your gaming. That's your gambling bankroll. (Singer, by the way, had a video poker bankroll of $57,000 I believe to play his game.)

    If you have profits from that gambling bankroll, you can "pay yourself" from it, but you would still maintain your $10,000 bankroll.

    If your decide you need a $10,000 bankroll but can't maintain it then you are not winning. As soon as you drop below $10,000 (which is what you determined you need) you are in trouble.

    Of course if you think replenishing a gambling bankroll is the sign of a successful player, then go ahead and be that way. But it won't cut it as a business model. In business you have a bankroll for operations and you pay yourself as you profit. If your business can't survive you don't want to tap junior's college fund to keep the struggling business, or do you?
    Well thank you Alan or that explanation of Alan Mendelson gambling money management.

    AP's of course do things a little differently. There are several different ways actually. But they all have one thing in common. You pay your living expenses from your winning, which is to say your bankroll growth. And that makes you a successful AP.

  12. #112
    Originally Posted by kewlJ View Post
    AP's of course do things a little differently. There are several different ways actually. But they all have one thing in common. You pay your living expenses from your winning, which is to say your bankroll growth. And that makes you a successful AP.
    What about those times when winnings are lean and hard to come by?

    What if your bankroll steadily erodes as expenses exceed casino net winnings?

    Who ya gonna call?
    What, Me Worry?

  13. #113
    Originally Posted by MisterV View Post
    What about those times when winnings are lean and hard to come by?

    What if your bankroll steadily erodes as expenses exceed casino net winnings?

    Who ya gonna call?
    Most of us AP's that play for a living, have been there. I know like two guys that started out with a significant chunk of money (semi well off family or whatever) and had a instant significant bankroll. Most of us built from scratch and built. And I mean scounged and built. I started with $4300 at age 20. That was every cent I had to my name. And I needed to pay my half of rent $500 from that bankroll every month and probably another $100 for incidentals, which were mostly food and transportation (bus/train to AC). That means every month I needed to win $600 just to stay even. And some months I didn't. A couple months I lost, plus had to take money out. That's why it took my 3 full years to build my bankroll just to $10 grand.

    But eventually you hit a bit of good variance and your bankroll grows and that means you can play a little higher stakes and make a little more and grow more. But going through that, going through those lean time, times with a regular diet of mac and cheese and P b & jelly sandwiches, you learn how important the bankroll is. The bankroll is the nest egg that allows for future earnings. And that is why, it may take a while but every AP learns to build a significant BR, which allows you to play fractional Kelly, which for all intensive purposes is a zero chance of RoR.

    We don't leave "who ya gonna call" moment to chance. It may take a while to get there, but for long-term success, you MUST get there.

  14. #114
    kewlj fess up will you, and stop with your wizardofvegas like longass postings that say almost nothing. IE, if you can't give a simple explanation, you really don't know what you're talking about, just like you did at wiz's.

    You no more win anything from blackjack than the big names do, who've all quit playing because casinos 86 counters (and laugh at those who say they count double).

    From your odd need to unload on your pathetic personal life on forums, it's easy to tell why you have a homefull of people. The Chinese do the same thing to pay the bills.

    One thing you neglected to mention was how much of your hospital event was covered by medicaid.

  15. #115
    Originally Posted by wizardofpuke View Post
    kewlj fess up will you, and stop with your wizardofvegas like longass postings that say almost nothing. IE, if you can't give a simple explanation, you really don't know what you're talking about, just like you did at wiz's.

    You no more win anything from blackjack than the big names do, who've all quit playing because casinos 86 counters (and laugh at those who say they count double).

    From your odd need to unload on your pathetic personal life on forums, it's easy to tell why you have a homefull of people. The Chinese do the same thing to pay the bills.

    One thing you neglected to mention was how much of your hospital event was covered by medicaid.
    Keep talking Singer cause I already know where you live.

  16. #116
    Stop talking tough, and I'm not your loverboy singer. Nothing worse than seeing someone with a weak heart saying they're going to prance around the country to beat guys up. You do get that, right?

  17. #117
    Originally Posted by RS__ View Post
    Originally Posted by quahaug View Post
    So if you have $100,000 bankroll and spend $10,000 of it on living it's now a $90,000 bankroll or am I missing something? In other words any time your bankroll goes down from living or losing your ROR goes up right? You don't base your ROR on a bankroll you had you base it on the bankroll you have.
    Sure, ROR goes up when BR goes down (and everything else remains constant). But it's not that big of a change if you're already playing around 1/2 or 1/4 kelly.
    Thanks, I think you answered my question. I think.
    Take off that stupid mask you big baby.

  18. #118
    Originally Posted by wizardofpuke View Post
    Stop talking tough, and I'm not your loverboy singer. Nothing worse than seeing someone with a weak heart saying they're going to prance around the country to beat guys up. You do get that, right?
    The hell you are not singer or whatever your real name is. I have it written down somewhere with your address.

    And I don't have a weak heart. I have a pretty strong heart. I had a mechanical devise that failed prematurely. And that has been fixed. A bit of recovery time because it was major surgery and I will be good to go. No limitations. I don't even need to be 100% to kick your tired old ass. I could probably do that today, just 8 days out of surgery.

    Ya know, I seriously was going to look you up when you were in vegas and kick your ass. Until I discovered your whole vegas thing was just another made up fantasy thing. But I figured, no need to rush, because I know exactly where you live. And when you push me too far, I will do what I need to do. And collectively, you bitches have now pushed me too far. I don't care the cost, physically, monetarily, or legally. I am going to settle things with a couple of you loud mouth lying bitches, hiding behind your keyboards.

  19. #119
    Originally Posted by kewlJ View Post
    Originally Posted by wizardofpuke View Post
    Stop talking tough, and I'm not your loverboy singer. Nothing worse than seeing someone with a weak heart saying they're going to prance around the country to beat guys up. You do get that, right?
    The hell you are not singer or whatever your real name is. I have it written down somewhere with your address.

    And I don't have a weak heart. I have a pretty strong heart. I had a mechanical devise that failed prematurely. And that has been fixed. A bit of recovery time because it was major surgery and I will be good to go. No limitations. I don't even need to be 100% to kick your tired old ass. I could probably do that today, just 8 days out of surgery.

    Ya know, I seriously was going to look you up when you were in vegas and kick your ass. Until I discovered your whole vegas thing was just another made up fantasy thing. But I figured, no need to rush, because I know exactly where you live. And when you push me too far, I will do what I need to do. And collectively, you bitches have now pushed me too far. I don't care the cost, physically, monetarily, or legally. I am going to settle things with a couple of you loud mouth lying bitches, hiding behind your keyboards.
    If you weren't lying then you have a weak, defective heart, and if you keep your blood pressure going up then you might want to stay home, relax, and play footsie with someone. A safe bet says you never see 40 with how easily you get heated up.

    I hope you do go after singer, and if there's anything left of you after you face off with coach belly, maybe he'll provide the mercy aspect of this.

    My advice is you should sit down, relax, and have that special someone give you a good foot massage. Either that or just leave here like you've promised so many times already.

  20. #120
    Originally Posted by wizardofpuke View Post

    If you weren't lying then you have a weak, defective heart, and if you keep your blood pressure going up then you might want to stay home, relax, and play footsie with someone. A safe bet says you never see 40 with how easily you get heated up.

    I hope you do go after singer, and if there's anything left of you after you face off with coach belly, maybe he'll provide the mercy aspect of this.

    My advice is you should sit down, relax, and have that special someone give you a good foot massage. Either that or just leave here like you've promised so many times already.
    I am very relaxed, Bobby. But keep talking, Argentino. I am going to kick your 68 year old ass, right after I return from coach belly's no show. Only difference is I know where you live. Well, honestly I have two addresses, but I will find you. Your information I all over the internet. What kind of jackass uses his name as an email address. lol

    3450....out. It is long past time for me to settle a couple scored.

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