Originally Posted by
Alan Mendelson
Originally Posted by
regnis
Alan-I look at it this way. If I win, I have more $$ in the pocket. If I lose and get a rebate, I have more $$ in the pocket than I would have had without the rebate. So that is like a win. It's as if I played one more hand at 20% of my loss and won it. I still lost, but I lost 20% less.
That's right. No dispute about that. But the point I was making and a point Rob made was that you still had to win your bets. Otherwise loss rebates only reduced your losses.
Now mickeycrimm who seems to always want the last word is saying about loss rebates:
"But it does influence the amount of money you win or lose per the same amount of total wager."
Well that's only partially correct. Loss rebates do impact your losses but they do not impact the payoffs on wins. Now perhaps you have more money to bet because of loss rebates but that's not what mickeycrimm wrote.
Loss rebates take a bit of the sting out of losing bets. Big whoop. That's similar to all the hot-shot WoV "ap's" who claim they went to the Revel $100k freeplay loss rebate expecting to lose just so they could take advantage of it....except the few who were actually there (the "I went to Woodstock!" syndrome) got thrown out for ignoring the terms & conditions of play.
The whole very clear point was, only an idiot goes into a casino to play expecting to lose. DJ doesn't do that and I don't do that. Rebates rarely turn a losing session into a winner. If DJ's betting 5 & 6 figures, the rebate would never be enuf to make him stop at a borderline result. It's his actual play results that matter and dictate his stopping point.
As for the idea that "going into" the session is "+EV" because of some rebate, that's ludicrous and irrelevant. If you don't have a good plan and strategy prior to beginning your play, all the indirect theoretical EV in the world means zippo if you aren't winning your bets. It's no different than the ap's who get all wet and bothered when they see some slot or VP progressive move into +EV territory. They might enjoy going after it, but if they are not the one to hit it, all those beautiful +EV phantom bucks will do them zero good at Von's tomorrow.
Or, you could do what every AP has always done on forums whenever they work up enuf courage to announce they just had a bad losing session: tell everybody that they went back the next day and won even more!....a surefire way to get racing, worried hearts back in line. And yes---even though they find the words difficult to spit out---what they're really saying is they were "due".
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