70 percent of people at a casino visit are ahead at one point - John Patrick?
October 21st, 2011 at 4:52:27 PM
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In practical application yes. I work as a business broker and you would not believe the number of entrepreneurs who are losing their butts in business and who would rather lose it all than accept an offer to get out of it because it will not make them whole or give them a profit at the end of the day.Quote: SwitchIsn't it the other way around ?
Gambling is a metaphor for life. Hang around long enough and it's all gone.
October 21st, 2011 at 7:12:59 PM
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When I was a dealer it occurred to me that most people are ahead at some point, I'd say much more than 70%. The problem is knowing when you are up the maximum amount before the cards turn on you.
Mark
Mark
October 21st, 2011 at 8:09:30 PM
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Quote: marksolbergWhen I was a dealer it occurred to me that most people are ahead at some point, I'd say much more than 70%. The problem is knowing when you are up the maximum amount before the cards turn on you.
OK, and then what?
You stop gambling forever?
You leave and drive 300 miles home, patting yourself on the back for winning a sawbuck?
I don't think so!
"What, me worry?"
October 22nd, 2011 at 12:18:50 AM
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Quote: marksolbergWhen I was a dealer it occurred to me that most people are ahead at some point, I'd say much more than 70%. The problem is knowing when you are up the maximum amount before the cards turn on you.
Mark
The number will depend on the variance of the game.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
October 22nd, 2011 at 8:01:39 AM
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Quote: marksolbergThe problem is knowing when you are up the maximum amount before the cards turn on you.
Quote: thecesspitThe number will depend on the variance of the game.
That is a key reason why money management -- in this case a win goal -- provides a reasonable guideline.
October 22nd, 2011 at 9:16:18 AM
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Odd quoting there. I'm stating that the number of people who are up at some point on a game will depend on the variance... Not what the win goal or session end point should be.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
