billryan
billryan
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July 8th, 2019 at 10:07:23 AM permalink
Quote: MDawg

I don't think I've ever had a session where the theoretical loss equaled my actual win/loss.




Mickey Mantle had a lifetime batting average of .298. The number of seasons he hit .298? Zero. Math is strange.
MaxPen
MaxPen
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Forager
July 8th, 2019 at 10:21:35 AM permalink
Quote: MDawg

Tiger, I hear that, but for me - walking away while ahead is fun. Discipline isn't always fun to practice, but the end results are satisfying.

Walking away down after having been up, for me, is no fun.

Maybe what he could have done is stopped after giving back half of what he was ahead. That way he gave it a chance to see if the run would continue, but still guaranteed walking away ahead.


Yet Nathan was harassed for posting drivel and bad info. Not a word gets said here?....lol...This is Nathan squared.
MDawg
MDawg
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July 8th, 2019 at 11:05:57 AM permalink
Math isn't strange. Do the math on if I have never had even one session where the theoretical loss equaled the actual win/loss and multiply it out. A hundred thousand sessions where the house advantage did not reflect the end result doesn't "even out."

The house advantage is irrelevant (as in not proportionate) to my over all winning, but among those I know who have lost, they have lost far more than they should have versus their theoretical loss.
Last edited by: MDawg on Jul 8, 2019
beachbumbabs
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MDawg
July 8th, 2019 at 11:40:25 AM permalink
Quote: MaxPen

Yet Nathan was harassed for posting drivel and bad info. Not a word gets said here?....lol...This is Nathan squared.



Here's a word. Warning.

I really object to you making Nathan into a comparison point, as an insult to another poster. Let's nip that in the bud right now. (And yeah, I was directed to this post by a complaint.)

I also think people posting THEIR OPINION on what's fun for them, even if it's not mathematically sound, or they're kidding themselves, doesn't qualify as "drivel". He's not saying he's an expert. He's not making up BS statistics to back up his advice. THOSE were the problems Nathan caused in that area.

In context, you're addressing the post, not the poster, so I think a warning is sufficient, but your toes are on the line with this. Thanks.
If the House lost every hand, they wouldn't deal the game.
Ayecarumba
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MDawg
July 8th, 2019 at 12:08:28 PM permalink
Quote: MDawg

Tiger, I hear that, but for me - walking away while ahead is fun. Discipline isn't always fun to practice, but the end results are satisfying.

Walking away down after having been up, for me, is no fun.

Maybe what he could have done is stopped after giving back half of what he was ahead. That way he gave it a chance to see if the run would continue, but still guaranteed walking away ahead.



+1

Riding the positive variance train to the last station... then getting off, is much more fun than staying on until the train inevitably goes off the rails.

As for money management, rathole half your initial bankroll and your win goal, then use the left overs to start a new "session". If you hit your win goal again, rathole half and start again. If you lose three hands in row, or the shooter fails to make a point three times in a row... quit for the night. You had a good run and are going home with some winnings.
Simplicity is the ultimate sophistication - Leonardo da Vinci
MDawg
MDawg
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July 8th, 2019 at 12:33:04 PM permalink
That's pretty much EXACTLY what you're supposed to do when you're winning. Ride the streaks, press into them...then use some (not all) of the house's money to try to build a new stack, and repeat with leftovers if you build more than one new stack, or leave if it starts going too far in the other direction.
michael99000
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ForagerTomG
July 8th, 2019 at 1:11:03 PM permalink
Quote: beachbumbabs

Here's a word. Warning.

I really object to you making Nathan into a comparison point, as an insult to another poster. Let's nip that in the bud right now. (And yeah, I was directed to this post by a complaint.)

I also think people posting THEIR OPINION on what's fun for them, even if it's not mathematically sound, or they're kidding themselves, doesn't qualify as "drivel". He's not saying he's an expert. He's not making up BS statistics to back up his advice. THOSE were the problems Nathan caused in that area.

In context, you're addressing the post, not the poster, so I think a warning is sufficient, but your toes are on the line with this. Thanks.



If Nathan had ever posted the phrase “casinos would go bankrupt if people always quit when they’re ahead”.. she would’ve been warned , ridiculed , and possibly suspended , etc. for the posting of a nonsensical opinion.
redietz
redietz
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July 8th, 2019 at 1:38:21 PM permalink
Maybe the billions person was being facetious. Easily could be tongue in cheek.

As far as "fun opinions" go, I guess I could say that my subjective fun opinion, having churned tens of billions, is that basing your stop loss on the chest size of the next cocktail waitress to walk within five feet of you is not only fun, it doubles as a win goal.

Just my opinion -- LOL.
"You can't breathe dead hippo waking, sleeping, and eating, and at the same time keep your precarious grip on existence."
AxelWolf
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MaxPenForager
July 8th, 2019 at 3:12:17 PM permalink
Quote: michael99000

If Nathan had ever posted the phrase “casinos would go bankrupt if people always quit when they’re ahead”.. she would’ve been warned , ridiculed , and possibly suspended , etc. for the posting of a nonsensical opinion.

Yes but Nathan has yet to put billions in action while beating casinos left and right.

I sure do miss b79, he also had some good yarns.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
ApellesPromptov
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MDawgkubikulann
July 8th, 2019 at 3:29:09 PM permalink
I think that was a smart move to leave.
I personally never had the discipline to let go. Always stay and as a rule always lose. And it's usually not even fun.
I am yet to cognize the ancient art of ' that's enough '

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