Since I’m bored and I don’t post over at BJTF anymore, I thought I’d bring something I saw over there here, since it does relate to gambling, and I’ve seen this topic discussed here too.
A goofball over there that goes by the handle, Wave, started a thread that basically said if you had a smaller bankroll per shoe you should win the same, but lose less. Or something to that effect. It basically came back to the ‘ol “stoploss” theory, but it was disguised as “thinking outside the box”. It also had a very fancy title like “law of diminishing returns”, whatever that means?
This thread went on for about three pages, with much meaningless back-and-forth, until Don Schlesinger put the hammer down and correctly called it BS, and said the thread should turn yellow and put into the disadvantage forum, where voodoo concepts go.
What I found interesting is how some of the so-called intellectual wizards on that site, like Freightman came out of retirement and started pontificating on it as if Wave might be onto something.
But I was really proud of our very own (I think he’s more loyal to this forum), Bosox forum detective for taking on Wave from the start and never letting up. This is a shout out to Bosox!!!
And for those who believe in stoploss theories, it might be good for you to go on over there and check it out. It’s new verberage on an old idea, that’s been discredited again and again and again...