Originally Posted by kewlJ View Post
Originally Posted by Alan Mendelson View Post
They don't contradict. And I even said that with your bankroll you can also ride out the one day slump you had.

But I continue to question your judgment. And I do that because there are people who learn from these discussions so please explain.

To start answer these questions which I asked before:

When did you realize you were losing? Why wouldn't you walk away before you lost $8800?

Having an edge is one factor to be a smart gambler, but money management is also important.
Well, I m not a "smart gambler", I am a professional blackjack player. So I don't know what "smart gamblers" do. If you are telling me "smart gamblers" rely on win/loss stop limits, then they are NOT going to be long-term winning players.

I purposely didn't answer your questions the first 3 times you asked because they are irrelevant questions and frankly you are not going to understand my answers. But I will answer to humor you.

When did I realize I was losing? Don't be ridiculous. I know where I am at winning or losing maybe not to the penny, but pretty close, every single minute of play.

Why wouldn't I walk away? Because whether I was winning or losing that day, is completely irrelevant. That is just variation. I was accumulating strong EV and in the end (long-term) my actual win and EV will be very close. Whether or not I win or lose for that day isn't what determines a successful day. Accumulating EV is. And that particular day that you are obsessing on ($8800 loss) happens to be my best day of the year. I accumulated more EV that day so far this year and in the end that will translate into actual win.

I used to have a 'signature line' on another site that read: "I don't track my play by wins or losses. I track my play by EV accumulated. That makes every day a winning day and in the end (long-term) actual wins and EV will come together."

That sir, is the basic philosophy of AP.
AxelWolf I copied this post from earlier in this thread so you can see who said losing $8800 gave them a winning day. To be exact the statement was that his play that day with its accumulated EV (despite the $8800 loss) was not only his best day of the year "and will translate into actual win." He goes on to say that "EV accumulated" despite wins or losses "makes every day a winning day."