SONBP2
SONBP2
Joined: Nov 17, 2009
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October 19th, 2011 at 12:16:02 PM permalink
Is that like saying 100% of all people are even at some point? It is pretty much irrelevant.
ThatDonGuy
ThatDonGuy
Joined: Jun 22, 2011
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October 19th, 2011 at 12:27:14 PM permalink
Also note that about 169 out of every 170 people would be "ahead at one point" if everybody played a Martingale at roulette (double-zero, even money bets) with an 8-spin range (i.e. the max bet is between 128 and 255 times the minumum). It doesn't make it a good idea.
DJTeddyBear
DJTeddyBear
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October 19th, 2011 at 12:38:05 PM permalink
The last time I went to Foxwoods, before I even started playing, I found $10 on the floor.

It was downhill from there.....
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁 Note that the same could be said for Religion. I.E. Religion is nothing more than organized superstition. 🤗
Nareed
Nareed
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October 19th, 2011 at 1:38:11 PM permalink
Quote: thecesspit

It's probably about right.



I think the OP wants the source of the quotation.

As to the rest, simply consider in how many of your gambling sessions you've found yourself ahead by at elast one unit. I'm willing to say it's at least in 70% of them, if not in a lot more. I often will cash out on VP if I'm ahead by half or more of the buy in, then re-buy at the original amount. Of course you can still lose that way, but you may salvage something.
Donald Trump is a fucking criminal
EvenBob
EvenBob
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October 19th, 2011 at 1:44:15 PM permalink
Quote: Nareed

I think the OP wants the source of the quotation.



I saw that 70% figure in a Las Vegas Magazine article
about 5 years ago, and they used the gaming dept
at UNLV as a source. Good enough for me.
"It's not enough to succeed, your friends must fail." Gore Vidal
Wizard
Administrator
Wizard
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October 19th, 2011 at 1:51:37 PM permalink
I have no idea. Seems to me you would need to do a survey to get at the answer, since this is so dependent on the game played, betting strategy, stopping points, and playing strategy. Not to doubt UNLV, but if I were asked to hazard a guess it would be higher than 70%.
It's not whether you win or lose; it's whether or not you had a good bet.
EvenBob
EvenBob
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October 19th, 2011 at 1:58:15 PM permalink
Quote: Wizard

Not to doubt UNLV, but if I were asked to hazard a guess it would be higher than 70%.



The same article said 94% of gamblers leave Vegas with
less money than they came with. The point of the article
was, if 70% are ahead at one point, why do 94% leave
losers. Its obviously the players fault and not Vegas. This
was LV Mag, remember.
"It's not enough to succeed, your friends must fail." Gore Vidal
FatGeezus
FatGeezus
Joined: Jun 12, 2010
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October 19th, 2011 at 2:08:06 PM permalink
Quote: 7outlineaway

Assuming a perfectly fair game, that's only 62.5%, not 70%. (And the infinite series still only sums to 2/3.)



The comment is

70% of the people are ahead

NOT

people are ahead 70%
FrGamble
FrGamble
Joined: Jun 5, 2011
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October 19th, 2011 at 2:22:05 PM permalink
Quote: DJTeddyBear

Personally, I think it's actually higher than 70%.

The problem is, the point at which you're ahead, rarely coincides with the time at which you've planned to leave.



That is an awesome quote!
EvenBob
EvenBob
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October 19th, 2011 at 2:26:20 PM permalink
Quote: DJTeddyBear

The problem is, the point at which you're ahead, rarely coincides with the time at which you've planned to leave.



Thats pretty much it. My wife can get ahead on the second
day, but we don't leave till the third day. Will she quit on
the second day? Yeah, right....
"It's not enough to succeed, your friends must fail." Gore Vidal

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