Originally Posted by arcimede$ View Post
"And it appears to me that your goal was solely to reach a particular "comp level" by scoring 10,000 points."

I suspect that point level leads to CB/BB/Freeplay ... in other words, cash. Singer has tried to claim in the past that things like CB were not real money. I assume you don't believe that malarkey.

"Sorry, I don't buy what you're saying. And I am surprised that someone such as you who talks about addictive gamblers fooling themselves would say such things."

Well Alan, I'm sorry that you can't understand this simple expansion of investment theory. If you could then this would be completely obvious. Have you ever invested in as stock that lost money? Have you made money investing? If the answer to both questions is yes then you are doing exactly what Frank (and most APers) do.
Arc this is nonsense. When you lose money on a stock, you lose money in a stock. There is no "advantage" in losing money. Even the $3,000 per year loss carryover on your taxes is still a loss. A loss is a loss, period. Don't tell me that losing can be winning, because it doesn't add up.

Now, I don't object to anyone playing to win comps or to earn cash back, but there comes a point when you have to look at the balance sheet and ask yourself did I make a profit or did I lose?

Let me explain it in terms of video poker: If you had to bet $5 on a 99.6% hand of 9/6 JOB and you got squat from the hand, but you got back $4 in free play, cash back, and food, you lost. But if you bet $5 and got a pair of jacks, plus $4 in free play, cash back and food, you won.

So what happened? Did you win or lose after playing through to earn 10,000 "points." What's the bottom line?

There is no room for nonsense. Thanks.