Forgive me if I'm asking an elementary question but I see in your discussions you use long term and short term.

My question: is there really a long term? Isn't most gambling nothing but short term decisions?

Example #1 Craps

The shooter throws the dice. No matter what the previous result was the shooter has, for example, a one in 36 chance of throwing 12. The previous roll has no impact on the current roll and the current roll has no impact on the roll to come. So isn't craps just a series of short term, one roll decisions?

Example #2 Video Poker

The electronic deck is reshuffled with each play. Each play has 52/53 cards. Since each hand is independent where is the long term?

Example #3 Six Deck Shoe in Blackjack

Here it's different. After each hand the remaining cards will have different totals. So as you approach the cut card for the reshuffle you could argue that you are nearing the long term because there is a finite number of cards available.

Help me out here.