I view it a little differently MrV. I don't find it entertaining at all. And I am less interested in the "gotcha card" and more interested in the truth, especially when such 'patently false claims' are influential to other players. This is the point that I feel legitimate players, and not just APs, but legitimate players that know and understand the math, have a responsibility to set the record straight.
Not all AP's share my passion about that because it can have the effect of creating new AP's, actual competition if you will. I don't worry about that so much as that sort of thing always works itself out. Very few people go on to the level to be any kind of real competition to me or any other real AP here or on other sites.
This 'Singer situation' is actually very similar to the situation that has resulted in me being banned from Qfit's blackjack site and carryover to WoV. I (and 2 other professional players) called out a member who was making mathematically impossible claims. Despite the consequences from that issue on the blackjack site, which has since been resolved, I have always said that I would do so again, despite being dragged through the mud. And this similar situation, although involving video poker claims rather than blackjack, is proof that I am true to my core. I believe I and other players have, not just a right, but a responsibility to call out ridiculous and mathematically impossible claims.
Here's some relief for you kewlj. Now brace yourself because it will come as a shock to you. Ready?
Are you sure?
Okay, here it is:
Rob Singer has not made any mathematical impossible claims. The rest of you have twisted his comments to make it seem he has.
Ouch. I knew that was going to hurt you.
WRONG ALAN!
Claiming 1.5 million in profit by playing -EV games is a mathematically impossible claim!
The premise that you can play many, many short terms that will equal the true long-term and mathematical distribution associated with long-term is a mathematically impossible claim!
Claiming stop limits, win limits, loss limits and other voodoo concepts an alter longterm results and distribution are mathematically impossible claims!
edit: I guess I am not surprised that you, Alan....of 18 y.o.'s in a row fame...don't recognize what a mathematically impossible claim is.
Last edited by kewlJ; 07-08-2018 at 10:18 AM.
I was at the WSOP last night and heard a good joke at one of the tables while playing. It went something like this...
Rob Singer, Alan Money Man Mendelson and Todd Witteles walk into this Bar Mitzvah together and...........
The entire battle between Rob and the rest of the world has been over one thing and one thing only: Ego.
It's time for everyone to grow up. Including Rob.
The ideal situation with a 401K or IRA is a situation where it will not be exhausted by living too long.
This can be accomplished when the average yearly gains of the 401K or IRA (in most cases it will require that the investor accept some risk; but not a great amount of risk) are greater than the average yearly draw down for expenses or discretionary purchases.
IRS requires minimum draw downs beginning at age 70.5 and they will be taxable if it's a regular 401K or regular IRA but the idea is that the taxation is at a much lower rate because the investor is older, and in many cases not working and has a much lower base income.
The required minimum draw downs, after taxes are paid, or estimated taxes are secured, can be farmed right back into the same investments into a non IRA or non 401K account.
For the purposes of my post I was considering that newly formed regular account as part of the original 401K or IRA in making the statement that ideally it would not be exhausted by living too long.
Persons who spent their careers as full time APs are not likely to have 401Ks but if they paid their taxes properly and had significant incomes they will have an S.S. payout. They also are eligible to have IRA accounts.
If interest rates continue to rise, they can get a better (than now) deal by using their savings to purchase a lifetime annuity and they can realize a lifetime income flow that way also.
Hopefully, a person such as this, as they get older and slow down, can still realize income from a career such as this by cutting down to part time at least for a fair amount of time.
Last edited by Half Smoke; 07-08-2018 at 11:20 AM.
please don't feed the trolls
Why just limit your desire to ferret out falsehood and fuzzy thinking only to casino gambling?
Expand your reach, there are many soft targets out there.
Start first with religion and the notion of a god which created and governs the universe.
That particular belief has done a helluva lot more harm to mankind than have the spewings of an innumerate odd couple.
What, Me Worry?
The topic is "Vegas casino talk."
Lots of topics get talked about inside Las Vegas casinos, including religion, ethics and morality.
The point I was obliquely getting at is that KJ does in fact seem to get joy and satisfaction in flaming his adversaries, despite his fervent protestations to the contrary; he's no "more interested in learning the truth" than is alan or Singer.
All have agendas and post in furtherance of same.
What, Me Worry?
Mr. V, maybe you can appreciate a Humanist/Skeptic/Skeptical Inquirer angle on this. When I first found this forum, the Singer/Mendelson relationship looked an awful lot like Uri Geller/Stanford Research Institute to me. In fact, it was the closest thing to a classic paranormal claim parallel I have ever seen. That's what we're talking about -- somebody claiming paranormal abilities glomming onto a media celebrity who falls for and commits to the whole storyline while adding credibility to the claimant.
Let's face it, nobody else is going to bat for Argentino anywhere or even providing an Abbott to his Costello. Call Gaming Today -- ask them what they think. The whole scenario here is so classic, it's beyond textbook.
Now I was a big James Randi and Johnny Carson fan a long time before I ever heard of Argentino, so I don't think you can stand idly by forever (I stood by a long time) while the stories get more ludicrous and nobody says, "Hey, does this even make any sense?" Eventually, if you see stupidness, you have to raise your hand and say, "I see stupidness."
So, you're hearing voices, are you?
You'd best get that checked out!
Seems to me it's fine for people to pray, as it helps them crytallize their otherwise mushy thought processes, but when they claim an invisible being converses back I have to draw the line.
Plus KJ's god seems to be a cruel, abusive flamer; when he prayed to his god, his god's only response, and I quote, was "You are stupid."
Really?!
KJ gets flamed and insulted for worshiping and praying to his god?
I'd hate to see what his god does to smite his detractors.
Then again, what can one expect from a god who by report crucified his only son?
What, Me Worry?
Well, for one, no matter how smart a player or how long he continues to play, there is a limit to how far he/she can play to overcome the casino edge. This became readily evident this year as I tried to play through my winnings. It was too easy to fall in the "if I can win a little keep playing to win more" trap. My worst year ever. And all I had to do was reverse my thinking. MATH is a TRAP and the casinos actually thrive on highly intelligent people who think they have the smarts to beat them. That's why Rob- with a $175k bankroll- was able to accumulate $984k over 10 years with just a 5% or less win goal. So simple! And yet would I have the discipline to start with $57k and leave the moment I won JUST $2,500? Now take that down to the quarter level. Could I stop after a $5-$15 win on a machine? Sounds like not even worth the trouble but ever so often the quads DO hit and $60- $200 wins do pay for some extras WHILE allowing some freeplay and meals. And then one day- by sheer luck- comes the $500-$1,000 Aces/Royal win. And my weird breathing/congestive throat feeling doesn't become a factor at nights. Sure, I wish I had the larger bankroll but that's just life and how well I prepared for retirement. And there's no way that I can touch- or would want to- the $250k trust that so far stays the same each year. Peanuts to you guys. Thankfully, the strategies work at all levels.
You guys will have to excuse me from all this- I don't have any taste for it, anymore. I have 3 sons- one whose son just pitched a championship game win and whose daughter is a true "tomboy" and has driven in several winning runs. It's such a joy to watch the videos. My oldest son works with the children at St Jude's, and his daughter is a beautiful lil' ballerina with all sons in academic excellence. Their mother is a church worker/administrator and constantly sends videos. My middle son had his beautiful daughter after several failures and himself worked as a computer consultant sent to several COUNTRIES! She is CUTE personified. This has been taking a lot of my time- that and being -I guess- a respected member on several hobby forums. I go from extreme joy for my blessings to the darkness of this forum. I apologize- but I don't want to appear as someone who "tucked tail and ran", as we say in Texas.
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