Originally Posted by
Alan Mendelson
Arc, what you write is nonsense. You can jump up and down all day about the odds and I am telling you, and Singer will tell you, that his system does not change the odds. The expected return will always be the expected return. Does it really twist out your kishkas (Yiddish for insides, guts) that someone can actually walk away from a negative expectation game with a profit, and repeat this?
Simulations are good for the long term but we all have had short term spurts of winning and the "art" (it is not a science that can be proven by simulations) of being able to say "I am going to walk away now" is how you become a winner.
Even at a positive expectation game, if you don't know when to quit you risk losing it all back.