He's a blackjack player. I know very little about blackjack. I'm a machine pro. Low risk high reward plays are my specialty. From the very beginning I looked for ways to take the downside variance out of it. To do it you have to be able to look for, recognize, and exploit unusually large advantages.Originally Posted by Alan Mendelson
Take a $5 video poker player with a .5% advantage. His expectation on a 2 million dollar wager is a 10K profit. Let's break it down to 800 hands per hour which is a 20K wager per hour. His bankroll is taking huge fluctuations, to the tune of thousands of dollars per hour, to gain the expectation. And it's highly possible he could book a loser through a 2 million dollar wager.
I know how to make 10K on a 70K wager. Thats because I'm working edges about 30 times greater than the $5 video poker player. Such a small wager compared to his means my bankroll don't take the huge fluctuations that his does. I would have to give away to much information to the public to thoroughly explain how its done. But my downside risk is somewhere between slim and none. I bitch and complain when I only make $200 for the day.
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