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tuttigym
tuttigym
Joined: Feb 12, 2010
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August 24th, 2021 at 10:00:07 AM permalink
Quote: QFIT

Just don't use the lottery as a retirement plan as the average gambler will lose in the long run.


Many forum members including MrW respect your views and posts. I only pose this question since you have included such in this thread. With that intro, could you explicitly define: "average gambler" and "long run"?

tuttigym
BoSox
BoSox
Joined: Mar 9, 2021
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August 24th, 2021 at 10:12:42 AM permalink
Quote: lilredrooster

_________


every single mathematician on this planet will tell you that negative expectancy at a house game cannot be overcome by money management (progressions) or by bet selection or by a combination of both

a WOV poster indicating he can do just that has the same amount of credibility as a WOV member posting that he can bench press 1500 pounds 100 times
.




Exactly, no different than a WOV poster trying to educate the membership about the laws in the state of Nevada regarding trespassing in casinos. Not realizing that the majority of the membership already knows more about the trespassing laws in that state than most of the inconsistent, and over reactionary employees who make up Security Agencies.
Last edited by: BoSox on Aug 24, 2021
QFIT
QFIT
Joined: Feb 12, 2010
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August 24th, 2021 at 10:13:23 AM permalink
By average gambler in this context, I mean a person playing a negative expectation game. Long run has no specific meaning. In AP BJ, we generally mean the number of rounds that must be played such that the accumulated expectation equals the accumulated standard deviation. As such, it is a measure of how many rounds must be played to overcome a negative fluctuation of one standard deviation. That definition comes from Brett Harris.
"It is impossible to begin to learn that which one thinks one already knows." -Epictetus
Dieter
Administrator
Dieter
Joined: Jul 23, 2014
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August 24th, 2021 at 10:29:25 AM permalink
Gentlemen:

Please continue the further explanation of EV to Wellbush in the appropriate thread.
Last edited by: Dieter on Aug 24, 2021
May the cards fall in your favor.
billryan
billryan 
Joined: Nov 2, 2009
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August 24th, 2021 at 10:52:10 AM permalink
Quote: Dieter

Gentlemen:

Please continue the further explanation of EV to Wellbush in the appropriate thread.




Where is the circular file?
Last edited by: unnamed administrator on Aug 24, 2021
The difference between fiction and reality is that fiction is supposed to make sense.
tuttigym
tuttigym
Joined: Feb 12, 2010
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August 24th, 2021 at 10:54:33 AM permalink
Quote: QFIT

By average gambler in this context, I mean a person playing a negative expectation game. Long run has no specific meaning.


Thank you; to my knowledge, you are the first to answer "long run" specifically in the context of forum "math" outcomes. Pursuing other questions in this vein would be considered "hijacking," and I do not wish to be censured.
Can I PM you to discuss other "math" concerns?

tuttigym
DRich
DRich
Joined: Jul 6, 2012
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August 24th, 2021 at 3:17:44 PM permalink
Quote: EvenBob

Most people including myself would be vehemently disagree with this. Life is actually very complicated and if you can make it simple, good on you. Because most people can't. It's what keeps shrinks in business.



I disagree with you on this. Life is simple. You live then you die, the end.
Order from chaos
Dieter
Administrator
Dieter
Joined: Jul 23, 2014
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August 24th, 2021 at 3:39:46 PM permalink
Quote: billryan


Where is the circular file?



I edited your post to correct a formatting error that was disrupting page rendering.
My apologies for introducing the error in the first place, which you inadvertently quoted.

To address your actual question, we've been going around and around in the mod discussion trying to figure that out. No promises when we'll have a solid answer.
May the cards fall in your favor.
billryan
billryan 
Joined: Nov 2, 2009
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Thanks for this post from:
teliot
August 24th, 2021 at 3:48:28 PM permalink
Quote: Dieter

I edited your post to correct a formatting error that was disrupting page rendering.
My apologies for introducing the error in the first place, which you inadvertently quoted.

To address your actual question, we've been going around and around in the mod discussion trying to figure that out. No promises when we'll have a solid answer.



I'm glad you fixed that. I didn't know what I did,and was afraid I'd tapped into some mojo only greenies are supposed to tap in to.
I hope you figure out something soon as the odor of bovine excrement here these days is reaching the tipping point.
The difference between fiction and reality is that fiction is supposed to make sense.
EvenBob
EvenBob
Joined: Jul 18, 2010
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August 24th, 2021 at 4:53:46 PM permalink
Quote: DRich

I disagree with you on this. Life is simple. You live then you die, the end.



That's like saying how an automobile works is simple. You get in you drive it you get out. That no more describes how an automobile works then your explanation of how life works.
"It's not enough to succeed, your friends must fail." Gore Vidal

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