DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
  • Threads: 180
  • Posts: 10329
January 12th, 2010 at 8:09:55 PM permalink
Wiz -

OK. I understand the low priority thing.

Thanks for the reply / clarification.
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ 覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧 Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
  • Threads: 1360
  • Posts: 22560
January 13th, 2010 at 7:23:53 PM permalink
You're welcome.
It's not whether you win or lose; it's whether or not you had a good bet.
ybot
ybot
Joined: Jan 8, 2012
  • Threads: 14
  • Posts: 161
January 8th, 2013 at 1:27:30 AM permalink
Isn't +1% edge too low to play big?
The Kelly criterion keeps you safe from ruin.
Fluctuations are bold when your edge is 1%.
The HE is 2,7 or 5,27% but they play against hundread of playears at the same time for many hours a day.
It becomes an ordeal to cope with a +1% edge.
I'm taking only advantage situations.
We know the regular player loses the house edge %.
The smarter idea is to find a more biased coin.
When and how you know the biased coin gives you +1%?. You'd need to test it before. And a 1% edge is so low that it would be easy to vanish for several days or weeks.
sodawater
sodawater
Joined: May 14, 2012
  • Threads: 64
  • Posts: 3321
January 8th, 2013 at 1:38:08 AM permalink
Quote: ybot

Isn't +1% edge too low to play big?
The Kelly criterion keeps you safe from ruin.
Fluctuations are bold when your edge is 1%.
The HE is 2,7 or 5,27% but they play against hundread of playears at the same time for many hours a day.
It becomes an ordeal to cope with a +1% edge.
I'm taking only advantage situations.
We know the regular player loses the house edge %.
The smarter idea is to find a more biased coin.
When and how you know the biased coin gives you +1%?. You'd need to test it before. And a 1% edge is so low that it would be easy to vanish for several days or weeks.



almost everything you said is completely wrong.
ybot
ybot
Joined: Jan 8, 2012
  • Threads: 14
  • Posts: 161
January 8th, 2013 at 1:42:55 AM permalink
Ok, I might be wrong. where?
And, where was I right?
sodawater
sodawater
Joined: May 14, 2012
  • Threads: 64
  • Posts: 3321
January 8th, 2013 at 1:44:58 AM permalink
Quote: ybot


It becomes an ordeal to cope with a +1% edge.



The only "ordeal" you'd have with a 1% edge is finding enough banks to deposit your millions in.
ybot
ybot
Joined: Jan 8, 2012
  • Threads: 14
  • Posts: 161
January 8th, 2013 at 1:49:57 AM permalink
Have you ever played with 1% edge?
What do you mean by "findind enough banks to deposit your millions in"?
sodawater
sodawater
Joined: May 14, 2012
  • Threads: 64
  • Posts: 3321
January 8th, 2013 at 2:03:33 AM permalink
Quote: ybot

Have you ever played with 1% edge?
What do you mean by "findind enough banks to deposit your millions in"?



FDIC only covers the first quarter-mill.

No, I have never played with a 1-percent edge every decision, available as long as I wanted, with significant table limits, and the ability to play as much as I wanted. Else I would be posting this from my fleet of yachts.
ybot
ybot
Joined: Jan 8, 2012
  • Threads: 14
  • Posts: 161
January 8th, 2013 at 2:11:10 AM permalink
1% edge would have to work hard to give you a yacht.
There are many AP who have +1% edge, just take a look at BJ card counter players
sodawater
sodawater
Joined: May 14, 2012
  • Threads: 64
  • Posts: 3321
January 8th, 2013 at 2:43:03 AM permalink
Quote: ybot

1% edge would have to work hard to give you a yacht.
There are many AP who have +1% edge, just take a look at BJ card counter players



Comparing the advantage posted about in this thread to card counting is absurd.

In fact you wouldn't have to work hard to get a yacht with a 1% edge, which is exactly what the wizard proved with his program.

I think you missed the entire point of this thread.

  • Jump to: