70 percent of people at a casino visit are ahead at one point - John Patrick?

Quote: Switch

Isn't it the other way around ?

In practical application yes. I work as a business broker and you would not believe the number of entrepreneurs who are losing their butts in business and who would rather lose it all than accept an offer to get out of it because it will not make them whole or give them a profit at the end of the day.

When I was a dealer it occurred to me that most people are ahead at some point, I'd say much more than 70%. The problem is knowing when you are up the maximum amount before the cards turn on you.

Mark

Quote: marksolberg

When I was a dealer it occurred to me that most people are ahead at some point, I'd say much more than 70%. The problem is knowing when you are up the maximum amount before the cards turn on you.

OK, and then what?

You stop gambling forever?

You leave and drive 300 miles home, patting yourself on the back for winning a sawbuck?

I don't think so!

Quote: marksolberg

When I was a dealer it occurred to me that most people are ahead at some point, I'd say much more than 70%. The problem is knowing when you are up the maximum amount before the cards turn on you.

Mark

The number will depend on the variance of the game.

Quote: marksolberg

The problem is knowing when you are up the maximum amount before the cards turn on you.

Quote: thecesspit

The number will depend on the variance of the game.

That is a key reason why money management -- in this case a win goal -- provides a reasonable guideline.

Odd quoting there. I'm stating that the number of people who are up at some point on a game will depend on the variance... Not what the win goal or session end point should be.