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[jbjb]

Obviously if you're losing you don't have an edge at all.

This statement is inherently false!

Are you telling us that when you win at 8/5 BP you had an edge but when you lose you don't? What drugs are you on?

[Alan Mendelson]

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?

He lost $8800 in one day. That's what I'm talking about. Why? Someone who made a million dollars knows when to walk away. Ask Rob Singer. LOL

[Alan Mendelson]

Obviously if you're losing you don't have an edge at all.

This statement is inherently false!

Are you telling us that when you win at 8/5 BP you had an edge but when you lose you don't? What drugs are you on?

I never had an edge. I accept my losses because of that.
But someone with an edge and loses needs to consider why.

[jbjb]

Rob Singer hasnt won squat.

[jbjb]

Obviously if you're losing you don't have an edge at all.

This statement is inherently false!

Are you telling us that when you win at 8/5 BP you had an edge but when you lose you don't? What drugs are you on?

I never had an edge. I accept my losses because of that.

Right. I would too. As you can't grasp, having an edge doesnt guarantee a win OR loss on any bet. It takes many to overcome the variance. Again, I suggest learning about N0 (N zero).

[Alan Mendelson]

I'm sorry but if you really have an edge you should be winning. I will accept that even casinos don't have a profit every day but they still have an edge and that's how they remain in business.

Kewlj says he has a $100k bankroll which allows him to ride out this slump.

I simply said, couldn't he have limited his daily slump to $2000 so he wouldn't have to reach into his bankroll?

Only kewlj can answer these questions:
1. When did you realize you were having a losing day?
2. Would you rather have walked out losing only $2000 or did you feel you had to keep playing even though it cost you $8800 that day?

[Biloxi Bill]

What are the minimum number of trials for the earn to be realized?

Fat belly, I told you I don't waste my time answering questions from someone who has trolled the hell out of me. So stay in the dark and eat batshit.

In other words...you can't answer because you don't know the answer, but you are not man enough to admit that.

You can't answer Alan's question either.

You've pulled this chicken-shit move before...answering everything like a know-it-all until you don't know the answer, then you say you can't be bothered.

Arrested development...you may be an old man, but you act like a child...you spineless earthwormm.

The only chicken shit here is you, Town Cunt....how are those jugs doing again?...Working for ya?

[kewlJ]

Obviously if you're losing you don't have an edge at all. Reality check.

Why do so many discussions that heavily involve Alan, just turn truly bizarre? This discussion, 18 y.o.’s in a row, tracking a second table. Alan starts off with a position that is just wrong. Something he just doesn’t know about or understand and then when it is explained to him, he just digs in deeper, doubles down. It’s very frustrating.

I can’t tell if he truly doesn’t understand some of these things, doesn’t want to understand, or is just playing with us (trolling), or some combination of the three. But it really is becoming a bit much to take on an ongoing basis.

In this case, there are so many statements that Alan made that are just outrageously bizarre. I am not going to list them all, but I did quote the worst of them. If Alan is sincere with this statement, he is just totally clueless about advantage play.

I guess the one saving grace is that there is some good information in this thread, by a number of people that just might be beneficial and be helpful to someone honestly trying to understand or learn some of these things and concepts. I just no longer think that is Alan. I think he is just playing the antagonist.

[mickeycrimm]

What are the minimum number of trials for the earn to be realized?

Fat belly, I told you I don't waste my time answering questions from someone who has trolled the hell out of me. So stay in the dark and eat batshit.

In other words...you can't answer because you don't know the answer, but you are not man enough to admit that.

You can't answer Alan's question either.

You've pulled this chicken-shit move before...answering everything like a know-it-all until you don't know the answer, then you say you can't be bothered.

Arrested development...you may be an old man, but you act like a child...you spineless earthwormm.

And you are a punk little bitch fat ass troll. No amount of information I give you will do you any good. You are to stupid to learn it.

[MisterV]

I'm sorry but if you really have an edge you should be winning. I will accept that even casinos don't have a profit every day but they still have an edge and that's how they remain in business.

Same with AP's, Alan.

Do you get it now?

[Alan Mendelson]

Kewlj let me ask the question differently: if you're not winning with your edge what's the point of having an edge?

Now you have mentioned the 18 yos and my challenge about counting two tables? I'm almost 66 years old and I've been posting on forums since Al Gore invented the Internet. Is there anything else from my body of work you care to bring up?

[Alan Mendelson]

I'm sorry but if you really have an edge you should be winning. I will accept that even casinos don't have a profit every day but they still have an edge and that's how they remain in business.

Same with AP's, Alan.

Do you get it now?

Of course I get it. But I think a player with an edge would do a better job with money management than blow a week of work in one day when at any point he could have walked away and maintained his profit.

[kewlJ]

Obviously if you're losing you don't have an edge at all. Reality check.

I'm sorry but if you really have an edge you should be winning.

I will accept that even casinos don't have a profit every day but they still have an edge and that's how they remain in business.

Can someone....anyone explain these 3 statements to me???...one which contradicts the other two!

[MisterV]

I think a player with an edge would do a better job with money management than blow a week of work in one day when at any point he could have walked away and maintained his profit.

He didn't know it would be a shitty day, it's just the way the cards flopped.

Just as casinos experience wide variance, so do AP's; it's only in the long run that it seems to even out.

[kewlJ]

But I think a player with an edge would do a better job with money management than blow a week of work in one day when at any point he could have walked away and maintained his profit.

This is the thought process of a degenerative or recreational gambler. An AP would never think like this.

An AP is about accumulating EV. That is long-term. And in the end, EV and actual win will be close. In the short term, whether you are running above or below EV, just doesn't matter. That is just variance.

Alan, are you familiar with "standard deviation"? That is a range of results that is 'completely normal' for any amount of play. For a relatively small amount of play, based on mid level limits, standard deviation might be a range between -$10k and +12k. That would mean that any results within that range is very normal, very routine. It's just variance!

[Alan Mendelson]

I will accept that even casinos don't have a profit every day but they still have an edge and that's how they remain in business.

Can someone....anyone explain these 3 statements to me???...one which contradicts the other two!

They don't contradict. And I even said that with your bankroll you can also ride out the one day slump you had.

But I continue to question your judgment. And I do that because there are people who learn from these discussions so please explain.

To start answer these questions which I asked before:

When did you realize you were losing? Why wouldn't you walk away before you lost $8800?

Having an edge is one factor to be a smart gambler, but money management is also important.

As you know I was lucky enough to hit a $100,000 royal in October of 2015, and I did it with only $2,000 in the machine. It took nearly a year for me to lose that money back -- it didn't happen in one day or one week. And for months I didn't go near a $25 VP machine.

In October of 2016 I was lucky enough to hit another $100K royal and this time it came on $2500 of free play. Again, it took nearly a year for me to lose it back, and again for months and months I never went near a $25 machine, and in fact I played very little video poker.

That was my money management. I don't claim to ever have a profit from gambling, but I've learned my lessons over the years. There were many times I had big wins and lost it quickly, sometimes, very quickly. I pledged never to make that mistake again.

I just want to know what compelled you to keep playing when you were losing. You didn't lose $8800 on one hand, did you?

[mickeycrimm]

I'm sorry but if you really have an edge you should be winning. I will accept that even casinos don't have a profit every day but they still have an edge and that's how they remain in business?

Advantage players have an edge too. And just like the casinos the AP doesn't win everyday but still has an edge so remains in business.

Now, Alan, if someone was laying you 2 to 1 flipping coins would you put a stop loss per day on it?

[Alan Mendelson]

An AP is about accumulating EV. That is long-term. And in the end, EV and actual win will be close.

I hope you're right.

[Alan Mendelson]

I'm sorry but if you really have an edge you should be winning. I will accept that even casinos don't have a profit every day but they still have an edge and that's how they remain in business?

Advantage players have an edge too. And just like the casinos the AP doesn't win everyday but still has an edge so remains in business.

Now, Alan, if someone was laying you 2 to 1 flipping coins would you put a stop less per day on it?

I would always have a stop loss. The question is would I have a stop win? The answer is "no." I would adjust my stop loss higher. Do you understand the difference?

[Alan Mendelson]

I think a player with an edge would do a better job with money management than blow a week of work in one day when at any point he could have walked away and maintained his profit.

He didn't know it would be a shitty day, it's just the way the cards flopped.

Just as casinos experience wide variance, so do AP's; it's only in the long run that it seems to even out.

I asked kewlj and he hasn't responded. So I will ask you: at what point do you say "I'm having a bad day, it's time to go"? Do you say that when you've lost 10% of your previous win, or 20% of your previous win, or 50% of your previous win or 100% of your previous win?

What would YOU do MisterV?