The Adventures of MDawg
Bastards!Quote: DRichGenerally they would send someone out that has high coin in and isn't using a card. They want to track that person. If they won't sign up for a card they may expedite it to surveillance to follow the person and report what they are playing.
Quote: MDawgUntil you've traded 1000 - 3000 share blocks of a stock that costs $1000 - $2000. per share, you are not qualified to comment about how other traders might affect what you are doing, let alone laugh.
Even when I try to sell I have to sometimes put the order in at last second, if I leave it up for too long invariably some punk retail or algo jumps in with a .01 lower price. Or ease it in in segments. Same with buy orders, they jump in with a .01 higher price. They line up ta getchya!
You really have no idea, I am sorry.
Uh huh. I see.
Since you are fond of posting pictures....a screen grab of the AMZN trade will do.
Enjoy.
Before I post more, how about some posts and images from you to establish that you are someone of substance that I should waste further time with, as far as discussing stocks? What you got going on that qualifies you to question my stock trading?
And lest you think I just created that screenshot, if I were going to create something, I'd create something for the entire trade, not just one portion of its fill.
As my buddy would say.
Uhhh. (said with a zest like umph.)
Quote: DRichGenerally they would send someone out that has high coin in and isn't using a card. They want to track that person. If they won't sign up for a card they may expedite it to surveillance to follow the person and report what they are playing.
Lol, so its suspicious just to be playing negative expectation slot machines unrated?
BTW, these cant be high denom games because once you start doing $5+ wagers you run a high likelihood of hitting jackpots and surveillance can find out in a heartbeat who is the mystery player at the first handpay!
So playing penny denoms for long time unrated is now suspicious?
Do you want to hear some good news, or do you want to hear some good news?
He comp'ed the spa!
Just got the email back.
Quote: MDawgHere's one piece of it
Before I post more, how about some posts and images from you to establish that you are someone of substance that I should waste further time with, as far as discussing stocks? What you got going on that qualifies you to question my stock trading?
And lest you think I just created that screenshot, if I were going to create something, I'd create something for the entire trade, not just one portion of its fill.
As my buddy would say.
Uhhh. (said with a zest like umph.)
Screen grab. Some indication of a trading picture. That’s a line I could create on Apple notes. Crop out the account, name and any personal data.
When you do a large trade it is executed in pieces, this is one piece:
In the meantime, I showed you mine, show me yours. 😎
Quote: MDawgGet yourself an etrade account and look at it and then write back.
When you do a large trade it is executed in pieces, this is one piece:
In the meantime, I showed you mine, show me yours. 😎
I’m not making any claims. You are.
Enjoy.
and tell me if I don't know what I am doing. I got the low for the day in the pre-, as far as I know. I hit the low for the day all the time. Where I am not quite as good, is at getting the high for the sell. I tend to just make a grand, one point, and let go quickly, then rinse and repeat. Today, it shot up so quickly that it was easy to hold on for a bit and make a lot more than one point.
I was up at 6am to start working the market, as usual.
BUT ALSO take a look at AMZN's action AFTER I posted my advice to "buy it today on dips." Was this not sound advice? Would you not have made money buying AMZN on dips POST my advice today?
In general though the best time to buy on dips is after the FIRST big dip, when the stock maintains its elasticity. People still haven't given up on it. Even if it tanks completely later, that first dip buy is often the highest probability trade. But today, most all of the dips were good eatin'.
Quote: MDawgBTW take a look at the range for AMZN today:
and tell me if I don't know what I am doing. I got the low for the day in the pre-, as far as I know. I hit the low for the day all the time. Where I am not quite as good, is at getting the high for the sell. I tend to just make a grand, one point, and let go quickly, then rinse and repeat. Today, it shot up so quickly that it was easy to hold on for a bit and make a lot more than one point.
I was up at 6am to start working the market, as usual.
BUT ALSO take a look at AMZN's action AFTER I posted my advice to "buy it today on dips." Was this not sound advice? Would you not have made money buying AMZN on dips POST my advice today?
In general though the best time to buy on dips is after the FIRST big dip, when the stock maintains its elasticity. People still haven't given up on it. Even if it tanks completely later, that first dip buy is often the highest probability trade. But today, most all of the dips were good eatin'.
My B in Law agrees with you. Just the risk is that at $1863 some bad news comes out and it is $1763. And now at 1000 shares you have $1.8 million tied up waiting (hoping) that it goes back up. If you bought GE at $20 its now 5 years later and its at $10. ENRON went to 0. IBM was $200 and now years later is $140. GM went bankrupt. It is almost like a Martingale, just way more complex, as i do agree with you that the overall EV is positive.
If your claims of trading 2000 shares of a $2000 stock are true, then you must have tens of millions of dollars of free cash, or some giant line of credit, or margin account, that only the top 1% of the top 1% have.
The 'buy on dips' is easy to figure out in retrospect. If AMZN dipped to $1863, how did you know then it wasn't in a free fall and not a dip that had magically stopped when you decided to buy? Some call 'buying on dips' "catching a falling knife". I bought NBEV on a 'dip' to $1.95. It has 'dipped' further to $1.80. (Just checked.... $1.78)
Quote: SOOPOOQuote: MDawgBTW take a look at the range for AMZN today:
and tell me if I don't know what I am doing. I got the low for the day in the pre-, as far as I know. I hit the low for the day all the time. Where I am not quite as good, is at getting the high for the sell. I tend to just make a grand, one point, and let go quickly, then rinse and repeat. Today, it shot up so quickly that it was easy to hold on for a bit and make a lot more than one point.
I was up at 6am to start working the market, as usual.
BUT ALSO take a look at AMZN's action AFTER I posted my advice to "buy it today on dips." Was this not sound advice? Would you not have made money buying AMZN on dips POST my advice today?
In general though the best time to buy on dips is after the FIRST big dip, when the stock maintains its elasticity. People still haven't given up on it. Even if it tanks completely later, that first dip buy is often the highest probability trade. But today, most all of the dips were good eatin'.
My B in Law agrees with you. Just the risk is that at $1863 some bad news comes out and it is $1763. And now at 1000 shares you have $1.8 million tied up waiting (hoping) that it goes back up. If you bought GE at $20 its now 5 years later and its at $10. ENRON went to 0. IBM was $200 and now years later is $140. GM went bankrupt. It is almost like a Martingale, just way more complex, as i do agree with you that the overall EV is positive.
If your claims of trading 2000 shares of a $2000 stock are true, then you must have tens of millions of dollars of free cash, or some giant line of credit, or margin account, that only the top 1% of the top 1% have.
The 'buy on dips' is easy to figure out in retrospect. If AMZN dipped to $1863, how did you know then it wasn't in a free fall and not a dip that had magically stopped when you decided to buy? Some call 'buying on dips' "catching a falling knife". I bought NBEV on a 'dip' to $1.95. It has 'dipped' further to $1.80. (Just checked.... $1.78)
I am guessing when he makes a stock trade mistake he wins it back at Baccarat
Quote: darkoz
So playing penny denoms for long time unrated is now suspicious?
You are missing the point, they aren't necessarily suspicious.. The Slot Directors just want to know their customers and who is winning and losing the money each day.
Quote: SOOPOOhow did you know then it wasn't in a free fall and not a dip that had magically stopped when you decided to buy?
The same way he knows whether the next hand will be Banker or Player.
The great ones always make it look easy.
But nothing much was worse than how I got caught around November/December 2018 even with "relatively" minimal trading shares on AMZN I was down over a million on just that one trade alone. But I just held on and it did come back. How crazy was that? I bought 1000 AMZN to make just a quick grand and next thing you know some weeks later I was down a million. In THAT instance averaging in to 3000 shares (total) ended up taking me to over a million loss at the low point.
Another bad one was in early 2016, just 500 shares of AMZN and I did NOT cost average in, I was down like 200 grand at the low, as I recall.
But in all cases it came back, big time.
So, my rule is that I don't get into any trade unless I am able to buy AND hold (overnight) 5X more of the same stock.
Other rule being, as I mentioned, that I buy stocks that tend to go up over time.
Don't talk to me about stop losses. I don't employ them on volatile stocks, I just don't. I have never lost money on AMZN as long as I have held on, which is why I don't employ stop losses on it.
Where I used to get in trouble when I was just getting started with all this, was my first trade would max me out to where I had to sell by the end of the day, or would max me out to where I couldn't buy any more shares. I learned the hard way.
Quote: TDVegas
I’m not making any claims. You are.
Enjoy.
Quote: TDVegas
Screen grab. Some indication of a trading picture. That’s a line I could create on Apple notes. Crop out the account, name and any personal data.
Sounds like a claim to me.
Quote: DRichYou are missing the point, they aren't necessarily suspicious.. The Slot Directors just want to know their customers and who is winning and losing the money each day.
For the carded player, the casino knows your coin-in and coin-out.
On one of my first visits to an Indian casino 25 years ago, I was walking from one end of the big mid-western casino to the other, and 7 different players hit the hand-pay jackpot as I was walking by them, so I'd stop and watch for a few minutes at each one. Someone in surveillance was hitting the machines for jackpots while watching me walk around.
Of course, street lights go out when I walk under them. So maybe it had nothing to do with surveillance.
But so far, so good, and it has been good for many years.
Excited! to be moving to the new resort. Why, I don't know. Just am!
(Took these pics before the bellman delivered our luggage.)
This suite is about half the size of the TI one, but my wife likes this suite, and the resort itself, more. The last time we were here, they gave us a much bigger suite. Given that CES starts Jan. 6th, this is a pretty good score for a comp'ed suite through CES. We'll be here about a week.
Internet here is free with paid resort fee, which is comp'ed for us anyway;
also seems to work better than at TI.
Will get $400. in promo chips, and play something or other, probably Baccarat, with their chips and mine, later tonight, after dinner. I usually don't play on travel arrival days, but this is just an inter-city move not a long distance drive.
One thing nice about this resort is all the different restaurants they have, up there on the level with Wynn/Encore almost.
The promo chips are $400. I asked for them in all black.
Of course, 400 is nothing, could go in a blink of an eye, but you never know, they might go somewhere. Once at Harvey's Tahoe, this was back then, they gave me I think it was a few thousand in promo chips but I was playing catch up by that point and they all went nowhere quickly.
Palms has more offers around the corner if we come back soon.
As long as you play and keep up that average bet they keep churning out the offers, win lose or draw. One thing I like about Palms is that when you come in on an offer, yes they give you the offer, but also your host still puts you into the size of suite you are accustomed to versus just the standard room. Now this time, due to that people will start checking in for CES starting Jan. 6th, we got a slightly smaller suite, but we sure didn't get just a standard room.
However at Cosmo, for example, whenever we come in on a promo offer, the host's assistant always says that you must stay in the type of suite (which isn't bad, but not huge) that is tied to the offer, versus the larger suites they give us at other times.
Going to eat, go to gym, hang out in room for a while with wifey again if she is back from the spa by then, maybe eat again, then play later. Never be in a hurry!
Could you explain the justification for this one? Something to do with flow of the cards?
Thanks!
Quote: Boz“Never be in a hurry”
Could you explain the justification for this one? Something to do with flow of the cards?
Thanks!
That may have been a simple misspelling. Per all of the shaving info, I think he meant, "Never be in a hairy."
Do you buy the millions of $$ of AMZN on margin? Or do you have access to easy cash of $5 million at any time?
And they say there's no such thing as a stupid question.Quote: SOOPOOMD, in an earlier post you mentioned that you once were stuck with 4000 shares of AMZN, depending on exact year/month that is likely around $6 million or more. And at a point you were down $1 million. I know my own risk tolerance, and for me to risk $6 million on a single stock I'd need a few HUNDRED MILLION in the bank...... If I was worth that much I can't imagine booking multiple hotel rooms to pick up a trinket..... Or caring about a charge for internet.....
Do you buy the millions of $$ of AMZN on margin? Or do you have access to easy cash of $5 million at any time?
Would you like to debate what superhero power is better? Then we can talk about the Easter Bunny, Santa Claus, leprechauns and the Tooth Fairy.
Enjoy the comic relief, folks.
Quote: SOOPOOMD, in an earlier post you mentioned that you once were stuck with 4000 shares of AMZN, depending on exact year/month that is likely around $6 million or more. And at a point you were down $1 million. I know my own risk tolerance, and for me to risk $6 million on a single stock I'd need a few HUNDRED MILLION in the bank...... If I was worth that much I can't imagine booking multiple hotel rooms to pick up a trinket..... Or caring about a charge for internet.....
Do you buy the millions of $$ of AMZN on margin? Or do you have access to easy cash of $5 million at any time?
I need to be as articulate as you are when calling someone out on their b.s. It’ll keep me from getting suspended.
I’m gonna work on that in 2020
Quote: SOOPOOMD, in an earlier post you mentioned that you once were stuck with 4000 shares of AMZN, depending on exact year/month that is likely around $6 million or more. And at a point you were down $1 million. I know my own risk tolerance, and for me to risk $6 million on a single stock I'd need a few HUNDRED MILLION in the bank...... If I was worth that much I can't imagine booking multiple hotel rooms to pick up a trinket..... Or caring about a charge for internet.....
Do you buy the millions of $$ of AMZN on margin? Or do you have access to easy cash of $5 million at any time?
4,000 shares of Amazon stock would only be worth $6m within the last two years. Five years ago it would be worth a little over $1m. Ten years ago it would have been worth $500k. For most of the 2000's, that much stock would be worth $200k on a good day.
Quote: EggharborSome of these people have like 15 to 20000 post on here and almost always just goofball responses not talking about gambling? If you don't like the guy why respond?
GENTLEMEN: not talking to you TigerWu, I am talking to the ones Eggharbor refers to, a few of whom have posted directly above.
One word: QUORA. That's where you go to post inane rhetorical Questions. Not here.
Done with the gym, had a quick Shin black noodle soup with a can of tuna. Not anything anyone rich would everrrrr eat. Gobbled a few tiny sandwiches in VIP on way back from the gym while waiting for the girl to take care of something.
Now, going to get ready to go down and play.
Quote: MDawg
Done with the gym, had a quick Shin black noodle soup with a can of tuna. Not anything anyone rich would everrrrr eat. Gobbled a few tiny sandwiches in VIP on way back from the gym while waiting for the girl to take care of something.
Even Warren Buffett eats McDonald's every day.
Quote: EggharborAs soon as somebody post real pictures 99% of everybody that doesn't, beats the crap out of them. They did the same thing to the guy that owns the other website that talks about Baccarat and posts real results, that used to be on a couple Message Boards posting trip reports and pictures in Las Vegas. I don't know maybe it's better to sit home and just dream and don't post anything?
Been here two days and already telling the members how to act?!?
Quote: PokerGrinderBeen here two days and already telling the members how to act?!?
or her
And I believe they are willing to sign non disclosure agreements on anything they learn from his play methods.
Otherwise it’s obvious he is a typical high roller with lots of cash, and successful in business, that the casinos thrive upon.
Come on Doggy, you have 6 days left in Vegas, make a “sure” bet on your methods, it’s more easy money.
Hell if the money is right, I’ll fly in to watch.
Quote: TigerWuEven Warren Buffett eats McDonald's every day.
I have never heard that, but he does eat at Dairy Queen every week he is in Omaha,
Quote: BozBottom line is there are multiple members including the Wizard who are willing to come and meet this guy on the strip and watch him play. And will buy him drinks for hours and watch him play.
And I believe they are willing to sign non disclosure agreements on anything they learn from his play methods.
Otherwise it’s obvious he is a typical high roller with lots of cash, and successful in business, that the casinos thrive upon.
Come on Doggy, you have 6 days left in Vegas, make a “sure” bet on your methods, it’s more easy money.
Hell if the money is right, I’ll fly in to watch.
To put it into perspective when members here doubted my claims that I had a NY AP move, I told the Wiz through PM how it worked so he could vouch for me and squash the doubters.
Its not really that difficult to prove your not talking a load of BS.
Quote: GWAE.........Quote: PokerGrinderBeen here two days and already telling the members how to act?!?
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
Quote: darkozTo put it into perspective when members here doubted my claims that I had a NY AP move, I told the Wiz through PM how it worked so he could vouch for me and squash the doubters.
Its not really that difficult to prove your not talking a load of BS.
I agree, but your claim makes sense in a mathematical way. That said I’m not sure you were ever willing to prove it to anyone. Nor should you have. Nor should you flaunt it,
Bottom line is you, I and every person who understands math would bet against this guy every day of the week.
from their the very first post I was highly suspicious. I have my own Theory how about this "new poster" https://wizardofvegas.com/forum/off-topic/general/34121-serious-question-about-another-website-forum/#post752280.Quote: PokerGrinderBeen here two days and already telling the members how to act?!?
I wonder if MD just so happens to participate on that forum they were talking about as well? Perhaps they could very friends.
Quote: AxelWolffrom their the very first post I was highly suspicious. I have my own Theory how about this "new poster" https://wizardofvegas.com/forum/off-topic/general/34121-serious-question-about-another-website-forum/#post752280.
I wonder if MD just so happens to participate on that forum they were talking about as well? Perhaps they could very friends.
I think WOV should give you the honorary title of puppet master for your investigative work over the years. Hahahaha.
Quote: MintyI think WOV should give you the honorary title of puppet master for your investigative work over the years. Hahahaha.
The dude has called out BS over the years to the chagrin of many. Still they keep trying for whatever reason they come up with from the pits of their failed lives.
Quote: EggharborAs soon as somebody post real pictures 99% of everybody that doesn't, beats the crap out of them. They did the same thing to the guy that owns the other website that talks about Baccarat and posts real results, that used to be on a couple Message Boards posting trip reports and pictures in Las Vegas. I don't know maybe it's better to sit home and just dream and don't post anything?
“Real picture”....? All pictures are real. Is the story that accompanies the picture truthful?
That’s another story. Probably just about impossible to prove unless an independent, agreed upon party....authenticates it.
I know it’s a “sticky” subject....but generally almost everything posted on forums such as this are a story, an anecdote, maybe an opinion. Kind of left up to the reader what he wants to believe or not believe.
It is a pitched game though, which is cool. I was the only player so I had no trouble viewing each card, and I decided the pace.
Eventually I went down the tubes, down -5K.
So I went then to Bacc. 300 minimum table and pulled ten, and I putzed back and forth +/- 2K, and then hit a bad run until I put down four grand on a player hand which the shoe indicated that four players were in order, and I got a natural nine but then I chickened out put only 300 on the next hand, got a nine again.
After that tho I got two shoes that were so symmetrical and beautiful it was just a question of how much I was going to win, but even underbetting pretty soon I had paid back the ten marker and had just under five on the table. I ended up leaving because at that point I was just trying to win a few hunny and not wanting to risk much since I was just playing for even I was betting 300-400 each hand and flat betting just is not the way to go no matter what. In other words, don't try to win 300 at a 300 minimum table!
So I paid off the ten K marker and took 4400 to the 100 min Bacc. table in the regular pit, and played just 100-300 per hand but it didn't take long I hit a tie bet that followed another tie bet for 100, and that gave me 800, so that was it, I stopped 300 ahead. When I tossed a few nickels at this regular pit dealer he just took them lol, but they were meant to pay off the tiny bit of commission that was left which I thought was just under fifteen turns out it was just under ten. So I had another red chip, plus two bucks out of my pocket and I was Mr. Clean, with a chocolate chip and three blacks. I actually won closer to a grand but at the high limit Bacc. table I tipped out about 600 - 700 to the dealer (via tie bets that we hit together, and other hands where we won together), along the way when I was killing it on the two great shoes. If I hadn't tipped those hands though, I probably would have stopped at the same point anyway, close to even, so they really had no effect on my bottom line other than requiring me to play a little longer to reach my goal of back to even.
For whatever reason I just feel more comfortable these days betting big on Bacc. It coulda gone the other way but I won again, today, not big, but I came from a minus 5000 - 7000 loss to stop slightly ahead. (Actually come to think of it, I was minus -11, or close, at one point.) Why is it so easy to win when you have to, instead of when you don't? Whole session was a little over three hours but brother (not that all of you are my brothers, some of you are more like jealous enemies), it felt like longer.
Okay MDawg needs to get in some R&R and frolic (not necessarily in that order) in the suite.
G'night.
For all the big baccarat you claim the play, you sure do get some crappy offers for that type of play. I guess there are a few here who are not in the know and think ,WOW! But, most of the people on this forum that have some knowledge of Advantage Play know they're short for the type of player you suggest to be. Many of us have gotten full ride offers bigger than anything you've ever shown for a lot less risk all while having a mathematical advantage. A guy such as yourself should know how to game the system a little more.Quote: MDawgI played DD BJ hit 17 first, 100 min table. I used the four promo chips occasionally, all together. I actually won on them something like 5 times out of 6, and they were the type that remain until you lose with them, so these were helpful. But over all I was told it was a brand new deck and I generally don't have a lot of luck with brand new BJ decks and there were shuffles when I literally won only a few hands in the entire shuffle, playing heads up, and winning only 3 hands in an entire DD shoe playing one on one is BAD. I was staying alive just through sheer luck of hitting some of the bigger hands with BJs. The count was never that great, or when it was, SHE'D get the face/ten on top and I'd get a fifteen or some such crap with a million tens on the way. It was one of those sessions where it seemed like her face/ten was invariably glued to a match underneath.
It is a pitched game though, which is cool. I was the only player so I had no trouble viewing each card, and I decided the pace.
Eventually I went down the tubes, down -5K.
So I went then to Bacc. 300 minimum table and pulled ten, and I putzed back and forth +/- 2K, and then hit a bad run until I put down four grand on a player hand which the shoe indicated that four players were in order, and I got a natural nine but then I chickened out put only 300 on the next hand, got a nine again.
After that tho I got two shoes that were so symmetrical and beautiful it was just a question of how much I was going to win, but even underbetting pretty soon I had paid back the ten marker and had just under five on the table. I ended up leaving because at that point I was just trying to win a few hunny and not wanting to risk much since I was just playing for even I was betting 300-400 each hand and flat betting just is not the way to go no matter what. In other words, don't try to win 300 at a 300 minimum table!
So I paid off the ten K marker and took 4400 to the 100 min Bacc. table in the regular pit, and played just 100-300 per hand but it didn't take long I hit a tie bet that followed another tie bet for 100, and that gave me 800, so that was it, I stopped 300 ahead. When I tossed a few nickels at this regular pit dealer he just took them lol, but they were meant to pay off the tiny bit of commission that was left which I thought was just under fifteen turns out it was just under ten. So I had another red chip, plus two bucks out of my pocket and I was Mr. Clean, with a chocolate chip and three blacks. I actually won closer to a grand but at the high limit Bacc. table I tipped out about 600 - 700 to the dealer (via tie bets that we hit together, and other hands where we won together), along the way when I was killing it on the two great shoes. If I hadn't tipped those hands though, I probably would have stopped at the same point anyway, close to even, so they really had no effect on my bottom line other than requiring me to play a little longer to reach my goal of back to even.
For whatever reason I just feel more comfortable these days betting big on Bacc. It coulda gone the other way but I won again, today, not big, but I came from a minus 5000 - 7000 loss to stop slightly ahead. (Actually come to think of it, I was minus -11, or close, at one point.) Why is it so easy to win when you have to, instead of when you don't? Whole session was a little over three hours but brother (not that all of you are my brothers, some of you are more like jealous enemies), it felt like longer.
Okay MDawg needs to get in some R&R and frolic (not necessarily in that order) in the suite.
G'night.
P.S. The Wizard said he had no problem meeting up with you. He could herify you're the type of player you claim to be. I'm sure we can find another impartial person willing to tag along the doubleverify. The ball's in your court now, you only have to say yes.
Quote: TigerWu4,000 shares of Amazon stock would only be worth $6m within the last two years. Five years ago it would be worth a little over $1m. Ten years ago it would have been worth $500k. For most of the 2000's, that much stock would be worth $200k on a good day.
Geez, Tiger.... open your eyes! MD stated he was DOWN around a million bucks at some point, but waited for the rebound. So my guesstimate must be pretty accurate. So it must have been relatively recent for 4000 shares to be DOWN around a million.
Anyway, I am often challenged to post trip results. Won last visit to casino playing Pai Gow. Up $171! Not making this up..... next trip (on certain days only) I qualify for BOTH $5 match play, AND $5 food credit! Funny thing though, I still qualify for two nights midweek free room......
Soopoo you are an ANESTHESIOLOGIST. An honorable profession, but the MDs I know started BIOTECH companies and live next door to my parents, on a street where the most recent home sales have been over $20M. Even the regular MDs I know became SURGEONS and had over a million in their IRAs not long after starting their practices, and were seeking real estate development ventures with my Dad. You are risk adverse! You say that you wouldn't trade a 1000 shares of AMZN unless you had $200M in the bank, then you say you wouldn't wager $15K on a single hand unless you had $200M in the bank. You'll never have any millions in the bank, if you won't take risks.
I am not saying that it's a good idea to gamble large sums, but the amounts I wager and am willing to lose are insignificant compared to my assets, which is as it should be. I can take a full hit on all of my lines and it would not affect our lifestyle whatsoever, just would be a little less money in the bank. As it should be - should never gamble with money you can't afford to lose.
In general what I have observed is that the self employed are more willing to gamble than the salaried, as self employed are risk takers. This is not universal, I mean for every Kerry Packer who played big there is a Bill Gates who won't gamble a nickel, but it is a fair generality.
Do what you do, I respect it, but don't think that an anesthesiologist from the mid-west who is about to retire is the gold standard for what one should and should not do with one's money.
