I have no reason to doubt him. Nor do I doubt that Arc won a hundred thousand dollars.
What I am concerned about is regular Joe's reading this and being confused by these comments about a positive expectation games and the comments that playing a positive expectation game will make you come out ahead over time. That's a nice comment but we don't know what "over time" means? Is over time as long as a paycheck lasts? Is overtime a month in a casino with non stop playing?
Of course when I question Arc about this he brings up a condition called "the bell curve." Well, why didn't you say this from the beginning. Why don't you say "playing a positive expectation game over time will give results that will fit a bell curve with some players winning, some losing, and some going broke"??
Why isn't the "bell curve" included in the original statement? Because it doesn't make positive games as appealing or your theory as appealing as you want it to be?
And really, what is the difference to an individual player whether the theoretical return from a game is 100.17% or 99.2 percent?? Where is that <1% difference? In the number of full houses? In the number of quads?
Just how many quads or full houses do you get from a paycheck?
Personally, I look at all of these statements about expected returns and positive paytables and file them under the category of "Lies, Damned Lies and Statistics." They mean nothing to any individual. You sit down, you feed the machine and you take your chances.
Sure we want to play the games that give us the best returns, but a little truth in advertising is needed here. I don't see it -- the truth in advertising -- until Arc is pressured to concede that there are bell curves on positive expectation games and redietz says only Vampires win every session.
The bottom line is that it is gambling, and you can lose, and you can lose it all. That's the most important thing. And this is why the basic concept of quitting when ahead makes so much good sense.