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[jbjb]

I give Alan credit for one thing. For the most part he has brought a group together who seldom agrees on anything. Amazing what common sense and math can do!

I accept what kewlj is doing because it appears he can afford it.

But what common sense is there in losing $8800?

And the math says when you lose $8800 it's lost.

That's the variance of the job. He'll also have days where he's $8800 or so over expectation as well.

[AxelWolf]

I give Alan credit for one thing. For the most part he has brought a group together who seldom agrees on anything. Amazing what common sense and math can do!

How much did he pay you? You know danm well this site is anti Alan.

Don't come around here giving him credit for stuff.

Going to have to verify this is the real BOZ.

[MisterV]

It's "big boy" gambling, not for the faint of heart.

Yes, it is contrary to the conventional advise given to recreational gamblers, who understandably should try to minimize loss as they play a negative expectation game.

But a competent counter such as KJ plays a +EV game; shouldn't he continue to pour on the coal?

[Alan Mendelson]

I hope he has those big winning days but he had five days with an average profit of $1760 and lost it all on the sixth day. That's a hell of a way to run a business.

This is why I suggested a $2,000 stop loss. He would have retained most of his profit but instead he has to dip into his bankroll to try to recoup his loss.

Put aside your EV DOLLARS and consider real dollars for a moment. I'm sure he has bills to pay and no store takes EV DOLLARS.

Call me a clown all you want but you can't take EV DOLLARS to the bank.

I wish kewlj the best of luck.

[Alan Mendelson]

It's "big boy" gambling, not for the faint of heart.

Yes, it is contrary to the conventional advise given to recreational gamblers, who understandably should try to minimize loss as they play a negative expectation game.

But a competent counter such as KJ plays a +EV game; shouldn't he continue to pour on the coal?

Kewlj appears to be in a very negative position. There is an entire thread about kewlj trying to protect his identity but now I see he can't. He plays high stakes and too much. He MUST be well known at every casino he steps into.

At first I thought he was flying under the radar grinding out a few hundred a day -- and there's nothing wrong with that. But kewlj has now described his gambling limits and frequency and frankly his days may be numbered at casinos.

He has created his own negative expectation. Posting on forums is the least of his problems.

[jbjb]

I hope he has those big winning days but he had five days with an average profit of $1760 and lost it all on the sixth day. That's a hell of a way to run a business.

This is why I suggested a $2,000 stop loss. He would have retained most of his profit but instead he has to dip into his bankroll to try to recoup his loss.

Put aside your EV DOLLARS and consider real dollars for a moment. I'm sure he has bills to pay and no store takes EV DOLLARS.

Call me a clown all you want but you can't take EV DOLLARS to the bank.

I wish kewlj the best of luck.

If he had a much smaller BR, then stopping to reevaluate his BR and betting ramps might make sense. But even then, he would just keep plugging away. "Quitting" wont help and only prolongs that "long run."

As I said earlier, casinos don't shut off slots like Megabucks because a person hit a big score on it. That would be stupid.

[jbjb]

It's "big boy" gambling, not for the faint of heart.

Yes, it is contrary to the conventional advise given to recreational gamblers, who understandably should try to minimize loss as they play a negative expectation game.

But a competent counter such as KJ plays a +EV game; shouldn't he continue to pour on the coal?

Kewlj appears to be in a very negative position. There is an entire thread about kewlj trying to protect his identity but now I see he can't. He plays high stakes and too much. He MUST be well known at every casino he steps into.

At first I thought he was flying under the radar grinding out a few hundred a day -- and there's nothing wrong with that. But kewlj has now described his gambling limits and frequency and frankly his days may be numbered at casinos.

He has created his own negative expectation. Posting on forums is the least of his problems.

Thats the beauty of vegas for counters. They can be in and out and on to the next in a flash.

[Alan Mendelson]

I hope he has those big winning days but he had five days with an average profit of $1760 and lost it all on the sixth day. That's a hell of a way to run a business.

This is why I suggested a $2,000 stop loss. He would have retained most of his profit but instead he has to dip into his bankroll to try to recoup his loss.

Put aside your EV DOLLARS and consider real dollars for a moment. I'm sure he has bills to pay and no store takes EV DOLLARS.

Call me a clown all you want but you can't take EV DOLLARS to the bank.

I wish kewlj the best of luck.

If he had a much smaller BR, then stopping to reevaluate his BR and betting ramps might make sense. But even then, he would just keep plugging away. "Quitting" wont help and only prolongs that "long run."

As I said earlier, casinos don't shut off slots like Megabucks because a person hit a big score on it. That would be stupid.

Bad example about megabucks. No casino pays off megabucks. And even IGT doesn't pay off megabucks with its own money -- it's funded by the gamblers.

[jbjb]

I hope he has those big winning days but he had five days with an average profit of $1760 and lost it all on the sixth day. That's a hell of a way to run a business.

This is why I suggested a $2,000 stop loss. He would have retained most of his profit but instead he has to dip into his bankroll to try to recoup his loss.

Put aside your EV DOLLARS and consider real dollars for a moment. I'm sure he has bills to pay and no store takes EV DOLLARS.

Call me a clown all you want but you can't take EV DOLLARS to the bank.

I wish kewlj the best of luck.

If he had a much smaller BR, then stopping to reevaluate his BR and betting ramps might make sense. But even then, he would just keep plugging away. "Quitting" wont help and only prolongs that "long run."

As I said earlier, casinos don't shut off slots like Megabucks because a person hit a big score on it. That would be stupid.

Bad example about megabucks. No casino pays off megabucks. And even IGT doesn't pay off megabucks with its own money -- it's funded by the gamblers.

Our bankrolls are funded by losing gamblers (-EV players) as well. And even if the casino did pay it off, they wouldn't shut it down as long as its profitable.

Same goes for the VP machines that paid you your $100,000 winners. Did those casinos shut those machines off? I'll bet the answer is no.

[jbjb]

One more thing. You suggested a $2000 stop loss. Why even go there when if he "knew" he was going to lose, just stay home!

[Alan Mendelson]

One more thing. You suggested a $2000 stop loss. Why even go there when if he "knew" he was going to lose, just stay home!

Did he know he was going to lose?
If he wasn't feeling well he should have stayed home. If he was distracted because of a health concern he should have stayed home. If he felt uneasy because of the drive perhaps he shouldn't have sat down at the table?

But I understand he has to gamble to earn his money. But at some point you have to say "it's not clicking today" so let me try again tomorrow.

There's no shame in walking away... or is there?

[Alan Mendelson]

If he had a much smaller BR, then stopping to reevaluate his BR and betting ramps might make sense. But even then, he would just keep plugging away. "Quitting" wont help and only prolongs that "long run."

As I said earlier, casinos don't shut off slots like Megabucks because a person hit a big score on it. That would be stupid.

Bad example about megabucks. No casino pays off megabucks. And even IGT doesn't pay off megabucks with its own money -- it's funded by the gamblers.

Our bankrolls are funded by losing gamblers (-EV players) as well. And even if the casino did pay it off, they wouldn't shut it down as long as its profitable.

Same goes for the VP machines that paid you your $100,000 winners. Did those casinos shut those machines off? I'll bet the answer is no.

Rincon removed it's $100 video poker machines several years ago after two royals were hit in one month.

[Bill Yung]

I give Alan credit for one thing. For the most part he has brought a group together who seldom agrees on anything.

Yes, everybody loves a clown.

What's the word for a group of clowns? A hoot?

[Glenbaccarat9]

I was in the heavy wrecker business for many years. So i can also say almost all of my profits were generated by drivers that didnt know how to properly drive or control their semi rigs and or the ones that neglected their trucks?

[jbjb]

But at some point you have to say "it's not clicking today" so let me try again tomorrow.

No you don't say that. Why? Because tomorrow is no different then 5 minutes from now when it comes to casino advantage play.

[kewlJ]

If he wasn't feeling well he should have stayed home. If he was distracted because of a health concern he should have stayed home. If he felt uneasy because of the drive perhaps he shouldn't have sat down at the table?

But I understand he has to gamble to earn his money. But at some point you have to say "it's not clicking today" so let me try again tomorrow

What is all this "not feeling well" and "health concerns" crap?

Am I sick that I Don't know about? I can't wait to get home so I can check my vital signs.

[AxelWolf]

[QUOTE=Alan Mendelson;58273]

But at some point you have to say "it's not clicking today" so let me try again tomorrow.

There's no shame in walking away... or is there?

No you don't. There's no way to know if tomorrow will be any better.
Theres nothing magic that happens overnight.

If he's getting frustrated, stressed out or emotional due to his bad luck/ variance at the time that may be a good reason to walk away for the day.

I see Jbjb said the same thing.

[Alan Mendelson]

But at some point you have to say "it's not clicking today" so let me try again tomorrow.

There's no shame in walking away... or is there?

No you don't. There's no way to know if tomorrow will be any better.
Theres nothing magic that happens overnight.

If he's getting frustrated, stressed out or emotional due to his bad luck/ variance at the time that may be a good reason to walk away for the day.

I see Jbjb said the same thing.

Of course you don't know If the next day will be better. It's gambling, right?

But he did keep playing until he wiped out the previous five days of profits. Now, where is there sense in doing that?

I have a hard time understanding how you keep playing with your edge but lose. Obviously if you're losing you don't have an edge at all.

Reality check.

[jbjb]

But at some point you have to say "it's not clicking today" so let me try again tomorrow.

There's no shame in walking away... or is there?

No you don't. There's no way to know if tomorrow will be any better.
Theres nothing magic that happens overnight.

If he's getting frustrated, stressed out or emotional due to his bad luck/ variance at the time that may be a good reason to walk away for the day.

I see Jbjb said the same thing.

Of course you don't know. It's gambling, right?

But he did keep playing until he wiped out the previous five days of profits. Now, where is there sense in doing that?

I have a hard time understanding how you keep playing with your edge but lose. Obviously if you're losing you don't have an edge at all.

Reality check.

He's made nearly a million dollars from this endeavor. Where is he losing?

[Alan Mendelson]

If he wasn't feeling well he should have stayed home. If he was distracted because of a health concern he should have stayed home. If he felt uneasy because of the drive perhaps he shouldn't have sat down at the table?

But I understand he has to gamble to earn his money. But at some point you have to say "it's not clicking today" so let me try again tomorrow

What is all this "not feeling well" and "health concerns" crap?

Am I sick that I Don't know about? I can't wait to get home so I can check my vital signs.

Tell us, kewlj, why did you lose $8800 in one day? What was the reason? When did the reason for your loss pop into your mind? Did it pop into your mind when it was quitting time? Or did you recognize at some point earlier that things weren't going well? Or did you just say I'm here to put on my five hours so I get my comps?