Originally Posted by
Rob.Singer
I'll chime in briefly here since we're stopped for the day and I'm the one who criticized Alan for his actions.
It was never about trying to grab onto a moving profit amount at its apex, then watching 80% of it disappear in the process. Vegas_lover of course is right about how one would never know the point at which a gambler is at his highest win, but the part about how it's possible to win even more after a certain point is unintentionally misrepresented. Yes, it IS possible, but in video poker that overwhelmingly does not happen when you compare how much easier it is to give some or all of it back without a plan or structure.
What this wholly was about is Alan explaining for months how he was trying his best to include discipline into his play, and even coming on and asking our help in the best way to approach his three summer chunks of $2500 each in freeplay at Caesars. He listened, made up his mind, and told us what he was going to do, period. A pre-determined plan was set what I believed was in stone. He would go in, play it thru once, cash out with whatever he was lucky enough to win, and quit. And that was an EXCELLENT plan, because that is how I play 99% of my freeplay. Why else is it an excellent plan? Because it is EXACTLY THE OPPOSITE AS THE CASINO WANTS AND EXPECTS YOU TO DO....especially a Seven Stars customer.
But, and I've truthfully said this multiple times to the chagrin of Alan and others - perhaps with similar tendencies - the craving for MORE casino action, aka an addiction to gambling, promptly took over once he realized that the $2500 in freeplay had run its once-thru course and the action was deemed over, and if he is anything like I used to be in my problem AP days, a cold but momentary sweat began forming. (I say "momentary because as soon as he talked himself out of doing what he said, and into being able to continue gambling, all was again well). The only problem with that is, all would have been well, PLUS $8000, had he just got up and walked outside for a moment to think clear-headed.
That is all this was about, how important it is to discipline when a player does what he says he is going to do. Changing on the fly because of a pocket full of cash, not only defeats that and forces the subject to create all kinds of feel-good rationale about leaving with a "revised" goal of $2000 instead of the $10000 that would have and should have seen the light of day--it is doing, again, exactly what the casino is set up for, wants you, and expects you to do.
This was a classic example of what I've been training people on for years, and because it is so strong an argument for my position, I am adopting it as my baseline for future students to learn by.