Originally Posted by
tableplay
Originally Posted by
mickeycrimm
And all those plays add up.
Casino ownership uses this exact principle and do quite well for themselves. All of a sudden if a player does it, it's all a sham - apparently Lady Luck has arbitrarily decided that when a casino wagers with an edge in aggregate they win, but if you (AP players) wager in aggregate you lose. Trolls pretend that Lady Luck cares about if it is the player making the bets with an edge or if it is the casino doing so.
Great post tableplay. And this is why I found all those posts attacking my $8800 day loss and $29k week loss so bizarre. If a player, say blackjack, not counting or otherwise playing with an advantage, but playing the typical -EV blackjack game, were to register an $8800 win, does the casino employ some sort of loss or stop limit and shut down for the rest of the day? Of course not. The casino knows that 'volume' which is another way to say "longterm" is on it's side and it will win that money plus many times more back.
Well if an AP is playing with the advantage, no matter what method, it is the same
exact principal. Short-term (variance) will occur, but if properly bankrolled, just like the casino, a player doesn't worry about it knowing that if he keeps playing he will win that back many times over.
And this works this way with all advantage plays. The machine players like mickey might not have to deal with quite so much losses, but maybe a play only returns a fraction of expectation. So they don't have a loss like us blackjack players for that day, but a much smaller win than expected. But they know that if they keep piling up these plays, results will catch up to expectation. It mathematically
has to. Anyone thinking it won't or thinking you can continually repeat some short-term result that goes against the math, is simply trying to do the impossible. Their chances are about the same as trying to stop aging.
It is such a simple concept that it is almost impossible to believe that people like Alan, and more recently, the banned member (claiming to be a professional BJ player) don't understand this. Which really leaves only one other possibility, these people do understand this, but their purpose is to troll.
It is really this simple: AP's win by finding a way to turn the odds from slightly in the house favor to slightly in our favor and then employing the very same
volume principal that the casinos do.