Couldnt lose on this machine today. When would you have stopped?
my goal was 500 tier credits ($5k coin-in) to get the 125 bonus tc.
put in $100 and never dropped below that amount!
I hit every multiplier that wasn't a 2x.
highest I reached was +$400.
when I hit the 500tc mark, I was +$200.
I was thinking since this machine is hot, I'd ride the positive variance till im either +$500 or at breakeven (+$0).
then I thought gamblers fallacy (a HOT machine), and quit when I reached my original stop limit.
when would you have stopped?
Quote: GWAEUmmm really? A hot machine? I think you play enough to know better. Obviously you stop when you reach your original goal.
Hot machine... yeah, I know.
but I remember that time that I made DiaD on a $2 single line 9/6 JoB.
for $50k coin-in, I couldn't lose. when I made Diamond (8hrs), I was up a few hundred.
probably selective memory?
im forgetting all those times a hot machine turned cold on a dime
Quote: 100xOddsmy goal was 500 tier credits
Then you should have stopped when you accumulated that many credits, regardless of your results up to that point. Every hand you played cost you something like 4 cents in EV, so the longer you played, the more you stood to lose--and your actual results don't change that.
You already mentioned that the concept of a "hot" machine is a fallacy, but we are so very predisposed--hardwired--to seek out patterns in phenomena, especially when we have a material interest in them--that we often manage to blot out logic in our quest to follow those patterns. Even when we're well aware of the gambler's fallacy, there's still that "pull"--"psst! The machine's hot! Keep playing." And CET gets a little richer...(or, i suppose, less bankrupt).
The question you posed is pretty simple, where we're pretty much forced to agree with you. Sounds like you can easily afford the bets you were making, and you like gambling, the machine isn't too bad a gamble, and you could play on to another reward level. Quitting the machine depends on if you're really quitting for the day or not.
Even quitting because the machine got in your head is good enough if that would make you comfortable. Sometimes gambling feeling too good can almost be as bad as being horrible, just because it feels like a set-up for emotional torture you're anticipating to unfold at any moment.
Quote: 100xOdds$1 single line dstp (9/5 JoB) -> 99%
my goal was 500 tier credits ($5k coin-in) to get the 125 bonus tc.
put in $100 and never dropped below that amount!
I hit every multiplier that wasn't a 2x.
highest I reached was +$400.
when I hit the 500tc mark, I was +$200.
I was thinking since this machine is hot, I'd ride the positive variance till im either +$500 or at breakeven (+$0).
then I thought gamblers fallacy (a HOT machine), and quit when I reached my original stop limit.
when would you have stopped?
Well done 100x.
Sounds like you quit at a reasonable time. If you'd played on for 500 or zero and had found yourself at ZERO, might you not have been inclined to say . DAMMIT I won't walk away without some profit: I'll play on till I'm $10 up. And then just spiral down a pit of despair.
But I probably would have quit after reaching my coon-in goal.
Quote: monet0412Hot and Cold Machines?? Good and Bad Luck?? These are myths that I do not believe in. I think the answer is very simple. If you are on a play that is +EV... you never stop. You might want to take a break or go home and sleep or go to dinner but you just keep playing +EV over and over and over and over. I hear this conversation all the time though from my own family. I will be on some Reel Machine that is positive and up 3k without hitting the jackpot. A few hours later I lose back the 3k and end up being upside down. Now I hit the Jackpot and go home losing 300 dollars. My wife says... you should of stopped lol. I say... (sure sure), but I'll just be playing this again or on some other play tomorrow so why stop now? I kinda live by a simple saying... the more you play the more they pay! Nice and simple.
Agreed.
My parents are kinda the same way. They love hearing the stories of when I hit a big royal or AWAK or killed it on some promo or whatever. But if I tell them about a losing trip or losing play they're all like telling me I shouldn't be gambling and losing that much money or I should have stopped earlier. Can't they just accept the individual wins or individual losses don't really mean all that much?
Do they now accept what you're doing is a legitimate valid source of income and not just some hairbrained let him get it out of his system then get a real job type thing?Quote: RSAgreed.
My parents are kinda the same way. They love hearing the stories of when I hit a big royal or AWAK or killed it on some promo or whatever. But if I tell them about a losing trip or losing play they're all like telling me I shouldn't be gambling and losing that much money or I should have stopped earlier. Can't they just accept the individual wins or individual losses don't really mean all that much?
Were they afraid you would go broke and become a compulsive degenerate gambler living on their couch?
I have known a few guys that had very conservative parents. They didn't actually tell their parents they quit their job and started AP full time for over a year or more.
