Originally Posted by pahrump pete View Post
Originally Posted by AxelWolf View Post
Originally Posted by Alan Mendelson View Post
I think what Rob is saying is that he doesn't follow the "rules" of AP play. For rxample he quits when ahead but APs say there is no need to quit because they are playing with an edge... even as they lose $8800 in a day and $29,000 in a week.

APs find fault with his strategy to move down in denomination after a big win and to move up after a string of losses. APs condemn it but Rob's experience is that the strategy preserves wins and after a string of losses, it puts you in a position to catch a win. (I don't do this, by the way.)

Yes, I think Rob's system has its own advantages that traditional APs won't see.
STOP LOSSES/WINS ARE NOTHING SPECIAL. Rob didn't invent this wheel, he just adapted it to VP for his con to sell books or whatever. His system only helps him avoid losing everything in a short period of time and when he wins it helps him not to give it all back that day or whatever. No matter what you will never be able to consistently win using his system. Given enough time everyone using his system will end up in the red. Some sooner rather than later, some in the middle, and some it will take longer if they get lucky.

AxelWolf, I assume for the AP "The ship will come in" at some point. Would you be willing to acknowledge it might be a mighty long wait? Are you sure everybody arrives safely? Is the journey toward the payoff always a calm sea?
Nowadays, I tend to avoid things that have a mighty long wait. That's not to say I always do and always have. I played more things in the past that had long cycles, things that you could easily lose on. Fortunately, back then there were lots of different things like that, so you got enough shots and things tended to work out by the end of the year. You may not be up as much as you expected for the year, or you might be up significantly more than you should have been. The key is to have more things going that don't have a mighty long wait than the ones that do.

IMO its best to get involved in/with multiple different things and don't put all your eggs in one basket.

For example: If Mega bucks gets up to an amount that's +EV, I'm not going to go play it all day long until it hits, even if its worth hundreds of dollars an hour, however, I might spend some time playing it here and there.