mrjjj
mrjjj
Joined: Sep 4, 2010
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September 23rd, 2010 at 5:57:40 PM permalink
Quote: mkl654321

Obviously, if you start from Moment A and end at Moment B, and you have less money at B than you had at A, you've lost money for that period. But is that meaningful?

Most of us measure time in discrete intervals. We assess things at the end of an hour, or a day, or a year. If I ended up ahead $500 for the evening gambling, I consider myself to have won $500. So what if I was up $1500 at some point? That doesn't have meaning in and of itself. To say that I "lost" $1000 because I kept on playing after I hit my high point is arbitrary, and stupid. To clarify by looking at it from a different perspective, if I had been BEHIND $1500 but had gotten back to $500 ahead before quitting for the evening, would that mean I had WON $2000? Of course not. What matters is the SUM of all the results, not progress from some arbitrary benchmark.

If you consider your final results only in the light of how they differ from your absolute high and low points, you will exaggerate those results. You can drive yourself nuts by saying, "If only I had quit at Moment X, I would have had more money than I do now." But how would you have known at the time? Would a little bell have rung or something?

>>> Some of you guys want to keep YOURSELF off the hook. lol How would you have known at the time? Come on. If your buy in is for $500, lets say you are using nickel chips for example. Myself, I keep everything in 20 chip stacks. You would know if you were up around $275-$300. Just because those are CHIPS, does not mean they are not yours. Ok fine, you cant go grocery shopping with casino chips BUT you do have free will to get off the chair....walk over to the cashier window.....cash out.....leave casino. Are you saying that casino staff has a GUN to your head, forcing you to continue playing? Ken
Mosca
Mosca
Joined: Dec 14, 2009
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September 23rd, 2010 at 7:06:09 PM permalink
Man, I don't stress it and I don't overthink it. If I feel like I want to keep playing, I do. If I feel like I should walk away, I do. If that sometimes happens on the same day, one time I walk and an hour later at a different table I stay, so what. If I want to play until I'm punked, big deal.

Point being, we each do what satisfies our self.

I'll say it over and over. If I wanted to make money, I'd go to work instead.

Don't mistake this attitude for lack of awareness; I'm plenty aware. As a matter of fact, knowing exactly what I'm doing is integral to my enjoying it. If I make a stupid bet and it loses, I'm not all bent out of shape about it. I knew I was paying for it. I shrug, I move on.

Winning beats losing. But sometimes losing beats breaking even. Sometimes the idea was to risk a certain amount in the pursuit of thrills; if that amount goes unrisked, then the desired thrills were not acquired.

Work is boring and profitable. Gambling is thrilling and unprofitable. I'll do the 50 hours a week to get the 4 hours a month. On December 31st I'm always way ahead, adding the two together.
NO KILL I
RaleighCraps
RaleighCraps
Joined: Feb 20, 2010
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September 23rd, 2010 at 7:34:43 PM permalink
Quote: Mosca

Man, I don't stress it and I don't overthink it. If I feel like I want to keep playing, I do. If I feel like I should walk away, I do. If that sometimes happens on the same day, one time I walk and an hour later at a different table I stay, so what. If I want to play until I'm punked, big deal.

Point being, we each do what satisfies our self.

I'll say it over and over. If I wanted to make money, I'd go to work instead.

Don't mistake this attitude for lack of awareness; I'm plenty aware. As a matter of fact, knowing exactly what I'm doing is integral to my enjoying it. If I make a stupid bet and it loses, I'm not all bent out of shape about it. I knew I was paying for it. I shrug, I move on.

Winning beats losing. But sometimes losing beats breaking even. Sometimes the idea was to risk a certain amount in the pursuit of thrills; if that amount goes unrisked, then the desired thrills were not acquired.

Work is boring and profitable. Gambling is thrilling and unprofitable. I'll do the 50 hours a week to get the 4 hours a month. On December 31st I'm always way ahead, adding the two together.



Well said Mosca
Always borrow money from a pessimist; They don't expect to get paid back ! Be yourself and speak your thoughts. Those who matter won't mind, and those that mind, don't matter!
superrick
superrick
Joined: Jul 14, 2010
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September 23rd, 2010 at 9:25:28 PM permalink
Itís quite oblivious that most players here are not playing any of the games for the long-term, and donít mind giving back their money or losing! Maybe itís for the trill of the game! These kinds of players are what keep the casinos in the entertainment business; they just donít care about their money!

Quote: Mosca


Winning beats losing. But sometimes losing beats breaking even. Sometimes the idea was to risk a certain amount in the pursuit of thrills; if that amount goes unrisked, then the desired thrills were not acquired.

Work is boring and profitable. Gambling is thrilling and unprofitable. I'll do the 50 hours a week to get the 4 hours a month. On December 31st I'm always way ahead, adding the two together.



The difference is I do care, and do not think that it is fun to give the casinos any of my money! So I will put in many long hours of practicing the game of craps, so I am betting the game right, and developing a plan of attack to the game, that will enhance my shooting skills!

I have heard the same argument before that, its good entertainment to lose, and that there is a big thrill involved when you do lose, what the hell is wrong with this world, when someone can make a statement like that? Is the younger generation programmed to be losers, does it start out with the little league, and the sport programs that give a trophy to every kid that plays on a team, to make them feel good about being a loser?

I was taught in order for you to win, you had to put a lot of time into anything you did in life, to come out a winner! If you want to be on top of your game, spend the time reading everything you can on what ever you play, and then practice as much as you can!
Research every facet of the game you are playing, to see what you are doing wrong.

Become a skeptic of what you are reading, or what someone else is telling you, prove out what you read, and donít take anything for granted!

Then try on this scenario on for size, You went to work today and found out that the paycheck they just gave you will be your last one, you are now officially unemployed!

Old habits are hard to break, and you do have some savings, anyway you can see the handwriting on the wall, your money will run out in six months. You feel that you have good craps playing skills, and that you might be able to supplement your income if you play once or twice a week!

You set aside $1000 for your craps playing bankroll, when that is gone you can not play anymore! Now how do you look at that profit you left on the table?

There are a lot of local players that fall into that kind of scenario; they might be retired living off a fixed income, despite this fact I still see player giving money back, which should have gone into their pocket!

Isnít greed a wonderful thing? Letís see $800 versus $500; I think I will take the $500, smart move on your part!

Wake-up guys, any game you play should not be about losing, just so you can say you had fun, isnít winning better than losing! Oh hell I forgot, these guys must have played little league baseball!

Look at your money as an investment, which you canít lose! I hear a lot about the stock market from craps players that tell me sometimes they make a bad investment but they will get it back on the next one they do. To bad they donít do the research on their investments and take their information from Joe Schmuck that is selling them the stock!
Note, all my post start with this is just my opinion...! You do good brada ..! superrick Winning comes from knowledge and skill when your betting and not reading fiction http://procraps4u2.myfanforum.org/index.php ...
mkl654321
mkl654321
Joined: Aug 8, 2010
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September 23rd, 2010 at 9:27:34 PM permalink
Quote: superrick


The difference is I do care, and do not think that it is fun to give the casinos any of my money!

So I will put in many long hours of practicing the game of craps



I didn't get past the latter sentence--i was too busy rolling on the floor, laughing.
The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one. The happiness of credulity is a cheap and dangerous quality.---George Bernard Shaw
I808
I808
Joined: Feb 19, 2010
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September 23rd, 2010 at 10:15:41 PM permalink
Quote: mkl654321

I didn't get past the latter sentence--i was too busy rolling on the floor, laughing.



You are a button pusher! I was thinking the same thing -- practice (ala Allen Iverson).
Like they say in the marijuana industry "Sometimes you gotta roll your own!" (At the craps table that is)
EvenBob
EvenBob
Joined: Jul 18, 2010
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September 23rd, 2010 at 10:32:14 PM permalink
))I have heard the same argument before that, its good entertainment to lose, and that there is a big thrill involved when you do lose, what the hell is wrong with this world, when someone can make a statement like that? Is the younger generation programmed to be losers{{

If you watch people, they have no idea what to do when they win, except give it back to the casino. I used to think it was greed, now I think they just aren't very bright.
"It's not enough to succeed, your friends must fail." Gore Vidal
MathExtremist
MathExtremist
Joined: Aug 31, 2010
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September 23rd, 2010 at 11:11:55 PM permalink
Quote: superrick


I was taught in order for you to win, you had to put a lot of time into anything you did in life, to come out a winner!


Life is a series of interdependent steps where practicing on Monday can help you do better on Tuesday (at work, at school, etc.). Craps is a sequence of purely independent random events in which "practice", whatever that might mean, cannot change the odds. In short, craps is not life, and nothing you do can ensure you will come out a winner in craps.
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
mrjjj
mrjjj
Joined: Sep 4, 2010
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September 23rd, 2010 at 11:32:09 PM permalink
Quote: EvenBob

))I have heard the same argument before that, its good entertainment to lose, and that there is a big thrill involved when you do lose, what the hell is wrong with this world, when someone can make a statement like that? Is the younger generation programmed to be losers{{

If you watch people, they have no idea what to do when they win, except give it back to the casino. I used to think it was greed, now I think they just aren't very bright.

Its denial for some. If they cant win, might as well pawn it off as, "oh well, but I had a good time". Ken
Mosca
Mosca
Joined: Dec 14, 2009
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September 24th, 2010 at 6:38:11 AM permalink
Quote: superrick





The difference is I do care, and do not think that it is fun to give the casinos any of my money! So I will put in many long hours of practicing the game of craps, so I am betting the game right, and developing a plan of attack to the game, that will enhance my shooting skills!



That is my entire point, in a nutshell: If that's what you like, then that's what you should do. No one is getting murdered, no harm is being done. Some folks are pulling cards and rolling dice and spinning wheels. Each individual is free to understand the risks and take the chances as he/she sees fit. Since we are different people, we will get excited by different aspects of these games. What's right for me won't be right for you.

Now, you could call me a numbskull, and I could call you a killjoy; but a better solution would be to use this forum to see that we're all actually getting what we want, in different ways, from the same game. And when we go back to work Monday morning, one of us use her unique perspective to engineer something useful, and the other will use his to figure out a way to bring it to market, and through our differences we both prosper.
NO KILL I

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