Thread Rating:

odiousgambit
odiousgambit
Joined: Nov 9, 2009
  • Threads: 302
  • Posts: 8318
July 1st, 2020 at 4:21:42 PM permalink
If there are going to be casinos in Virginia, it will be in up to 5 particular places only for now that have to be OK'd by local referendum. The state wants the tax money but these 5 places are generally depressed economically for various reasons compared to the rest of the state.

The advocates will say the casinos will help the localities economically by providing jobs etc.

Those against it will say gambling addiction and other problems will make things worse instead of better.

How do you come down on all this?
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
  • Threads: 1332
  • Posts: 21942
July 2nd, 2020 at 9:23:47 AM permalink
Keep your questions coming. Next live stream scheduled for July 9.
It's not whether you win or lose; it's whether or not you had a good bet.
racquet
racquet
Joined: Dec 31, 2014
  • Threads: 49
  • Posts: 382
July 2nd, 2020 at 2:40:43 PM permalink
I'd ask a more general question: Do you think that casinos, on balance and over time, help or hurt depressed areas? See: Atlantic City, Biloxi, Native American tribal areas.
smoothgrh
smoothgrh
Joined: Oct 26, 2011
  • Threads: 65
  • Posts: 627
July 3rd, 2020 at 11:36:39 AM permalink
Why do you occasionally wear Oregon Ducks shirts?

I went to Oregon (when only our track and field teams were good)!

Go Ducks!
Gialmere
Gialmere
Joined: Nov 26, 2018
  • Threads: 37
  • Posts: 1610
July 8th, 2020 at 7:55:02 AM permalink
You say you don't have any good casino stories, but would you please tell us about the time you were gambling on a cruise ship and got googled by a suspicious casino manager? It's an amusing tale.

Any advice for players in a cruise ship casino?
Have you tried 22 tonight? I said 22.
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
  • Threads: 1332
  • Posts: 21942
July 8th, 2020 at 8:24:26 AM permalink
Keep those questions coming. Live stream scheduled for tomorrow at 3:00 PM, PST.
It's not whether you win or lose; it's whether or not you had a good bet.
Joeman
Joeman
Joined: Feb 21, 2014
  • Threads: 34
  • Posts: 1789
July 8th, 2020 at 8:36:23 AM permalink
Not a gambling question, but a game show one...

Wheel of Fortune added the "$1 Million wedge" to the wheel in 2008. My question is, does having this wedge on the wheel benefit the contestants in terms of EV?

This was actually the subject of my first post here back in 2014. I was thinking it would be a good Ask The Wizard question for the WoO site, but at the time, the WoO directed me to ask it in the WoV forum.

I initially got some replies, but didn't get any definitive answers. I ended up taking a shot at answering my own question on the last post in that thread, and came to the conclusion that the addition of the $1 Million wedge was decidedly -EV for the contestants. However, looking back at my work, I can see one error, as well as several WAG assumptions.

If my conclusion is indeed correct, I think that's pretty crummy of Wheel to add a feature that hurts the contestants' earning potential, yet tout it as something desirable. That seems like the MO of shady casinos, not legit game shows.
"Dealer has 'rock'... Pay 'paper!'"
Wizard
Administrator
Wizard
Joined: Oct 14, 2009
  • Threads: 1332
  • Posts: 21942
Thanks for this post from:
Joeman
July 9th, 2020 at 11:12:08 AM permalink
Quote: Joeman

Not a gambling question, but a game show one...



Let's take this topic over to the original thread.
It's not whether you win or lose; it's whether or not you had a good bet.
Gialmere
Gialmere
Joined: Nov 26, 2018
  • Threads: 37
  • Posts: 1610
July 13th, 2020 at 5:09:09 PM permalink
Episode #33
Stream Date: 07-09-2020
Length: 01:05:52
Topic: Ask Me Anything

Subjects
Mountain climbing
Movie: Touching the Void
Will Vegas casinos close again?
Do casinos help depressed areas?
Hiring the Wizard for analysis
College t-shirts
Movie trivia question
Analyzing games with no perfect strategy
The Wizard gambles on a cruise ship
Advantage slots
Video Poker: Comparing pay tables
Getting kids excited about math
Advantage players hiring the Wizard
Sports Betting: Becoming a pro
The house edge at a given true count
Craps: Odds bets
Taxes on gambling
Online gambling and addiction
Craps: Pass or don't pass?
Non gambling EV situations
Craps: Dice setting
Is the Wizard a party animal?
The Wizard now looks like a wizard
Side bets
What do you put on a hotdog?
Calculating a house edge
Monopoly strategy
UNLV or CSN?

Have you tried 22 tonight? I said 22.
odiousgambit
odiousgambit
Joined: Nov 9, 2009
  • Threads: 302
  • Posts: 8318
July 15th, 2020 at 7:47:21 AM permalink
I noticed looking at your WoO site, "oscar's grind" compared to the Labouchere system, in Bacc the Grind has a 99.46% chance of working with 250 units, while the Labo system has a 99.45% chance with 2500 units, a pretty big difference.

So, two questions,

* Upon reflection I guess it is not correct to think of the 99.45 or 99.46% to be the same thing as "return" , but can you go into that, as in: why not? If n is the number of trials, does the chance of a successful session and 'return' tend to converge as n increases? [edited]

* do you ever consider one system better than another? It kind of seems like you can say that here with these two.
Last edited by: odiousgambit on Jul 15, 2020
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder

  • Jump to: