InTimeForSpace1
InTimeForSpace1
Joined: Apr 1, 2017
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April 16th, 2017 at 2:29:08 PM permalink
Quote: mcallister3200

...EJ's site were just too much damn info for anybody including irrational thinking/rash reaction casinos management.

It's always a shame when the authors and others who dispense "TMI" fail to get rich with it as their player followers. Always something "big" going on, with them, but they just can't see it.
Believers are the ones who keep at it long after they've been told it can't be done. On the other hand, the real experts shouldn't care about the crackpots. But, if the wrong answer begs the question, then the wrong question begs the answer.
teliot
teliot
Joined: Oct 19, 2009
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April 16th, 2017 at 7:08:28 PM permalink
I would write an article about what I know about csm and asm, which is a lot, including some 1M hits, but I would get sued and it's just not worth it. Confidential and proprietary. That's why I never touched the subject publicly, nor will I. Of course, ap's know a lot more than me.
InTimeForSpace1
InTimeForSpace1
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April 16th, 2017 at 7:21:51 PM permalink
Aside from no one ever spelling such things out, it just seems that every one is selling off their gambling interests, and/or leaving town. How long is the average professional or other gambling lifespan? Seems shorter and shorter as more people attempt it, and the old "circles" lose their monopolizing grip on whatever it is they were doing.
Believers are the ones who keep at it long after they've been told it can't be done. On the other hand, the real experts shouldn't care about the crackpots. But, if the wrong answer begs the question, then the wrong question begs the answer.
teliot
teliot
Joined: Oct 19, 2009
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April 16th, 2017 at 8:11:41 PM permalink
I had lots of work and was getting big offers internationally. I just decided to retire for no good reason other than I didn't feel like working anymore. I don't need the money. I've met some great people along the way on both sides.

Even though I published a lot on Advantage play and may have burned out a few things before their time, there has never been a better time in the history of casinos to be an advantage player.

I'm an editor on a poetry website, performing as an actor in local community theater, am a volunteer docent for the elephants at the local Zoo, and have a new band. That's plenty to do.
mcallister3200
mcallister3200
Joined: Dec 29, 2013
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April 16th, 2017 at 8:31:47 PM permalink
Enjoy your retirement Eliot! Glad to hear it;) sounds like plenty of leisurely interests/pursuits to keep active with.
teliot
teliot
Joined: Oct 19, 2009
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April 16th, 2017 at 8:39:46 PM permalink
Quote: mcallister3200

Enjoy your retirement Eliot! Glad to hear it;) sounds like plenty of leisurely interests/pursuits to keep active with.

Thanks 😀
billryan
billryan
Joined: Nov 2, 2009
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April 16th, 2017 at 10:28:08 PM permalink
Quote: teliot

I had lots of work and was getting big offers internationally. I just decided to retire for no good reason other than I didn't feel like working anymore. I don't need the money. I've met some great people along the way on both sides.

Even though I published a lot on Advantage play and may have burned out a few things before their time, there has never been a better time in the history of casinos to be an advantage player.

I'm an editor on a poetry website, performing as an actor in local community theater, am a volunteer docent for the elephants at the local Zoo, and have a new band. That's plenty to do.




When do you play Vegas? Laughlin?
mamat
mamat
Joined: Jul 13, 2015
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April 16th, 2017 at 11:28:41 PM permalink
Quote: DiscreteMaths2

I think explaining how to do something in principle is ok or about old games/machines that aren't on any gaming floors anymore. Where I think you get into trouble is when you are essentially writing a tutorial on what exactly to do. Like go to xyz casino, play abc game, bring $1234 bankroll, place $123 on the defg bets and you will make $12.34 an hour. Basically when you take all the effort out and all a person has to do is show up with money. If you look at articles online about stuff like basic strategy for blackjack or house edge for craps and they are given a lot of negative feedback and people saying that its wrong despite being 100% mathematically correct shows having to apply knowledge yourself is just too big a hurdle for the average gambler.

Most information about gambling will help casino revenues.

There is huge unmet demand for gambling.
Casino gambling revenues are maybe $160 billion/yr (international) & $71 billion/yr (US, of which about half is Indian gaming). (via Statista)
https://www.statista.com/topics/1053/casinos/
In comparison, NYSE dollar trading volume in ONE DAY averaged $110 billion (over the past 3.5 years).
http://www.cnbc.com/id/48780316

The vast majority of wannabe profitable gamblers can not connect the dots between all the information they are given, so as DiscreteMaths2 states, a detailed step-by-step do A-B-C-D-E-F is one of the few types of information which can hurt casinos.

Major gambling problems:
(1) Overbetting bankroll - Knowledge about bankroll size, risk of ruin, "implied bankroll", and ability to adjust these during losing/winning streaks (e.g. money management)
(2) Inability to save money - Affects most people with regular jobs. The desire to "live a little of the good life".
(3) Patience to look for better opportunities - It's really tough to do nothing when there isn't anything good to play.
(4) Camouflage - When making a profit, being too greedy & obvious. Finding someway to look like someone profitable to the casino, or at least "who doesn't cost the casino too much" & may increase casino revenues by (a) making some games more popular (b) keeping tables active to attract other players (c) making the casino look busier during slow times
(5) "Leaks" - Winning on one game, but losing on another game
(6) Inability to compare "hourly rate" & risk between two situations.
(7) Managing expenses

Most gambling information...in contrast... focuses on "how to beat Game X".

A step-by-step discussion of how to handle problems #1-7 could be bad for casino business, and thus for APs.

Piecemeal information is probably ok, because the vast majority of wannabe profitable gamblers just can't connect A-B-C-D-E-F on their own. Just look at the volume of really stupid posts on this WoV discussion board...and you can see why most people just hand casinos their money (unless they get very lucky).
Last edited by: mamat on Apr 16, 2017
mamat
mamat
Joined: Jul 13, 2015
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April 16th, 2017 at 11:40:11 PM permalink
Quote: prozema

...but no one is going to pay a mortgage betting nickels. Right?

If you find 200 plays/day (all nickels), and your average play has three 2X multipliers, the daily EV = 200 x .75 = $150/day ($55,000/yr).

I think $55,000/yr - expenses...is enough to pay off some mortgages. :-)

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It's not what the size of each play is, it's the total EV/hr you can find.

...and too much of this kind of information in one place can be TMI, because so many people can't connect-the-dots.
I think a little bit here or there is ok. Smart and/or motivated people can extrapolate the info to other situations.

But a comprehensive comparison of 20-100+ situations, connecting the dots, could be bad for business (both for casinos & APs).
For APs to do well, casinos need to be very profitable. As APs, we should do things to increase overall casino revenues (so we can get a tiny cut).
prozema
prozema
Joined: Oct 24, 2016
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April 17th, 2017 at 4:32:36 AM permalink
Quote: mamat

If you find 200 plays/day (all nickels), and your average play has three 2X multipliers, the daily EV = 200 x .75 = $150/day ($55,000/yr).

I think $55,000/yr - expenses...is enough to pay off some mortgages. :-)

----



Ok, fair enough but that means you have to find one every 4.6 minutes for 16 working hours a day 365 day a year. BRUTAL!

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