FleaStiff
FleaStiff
Joined: Oct 19, 2009
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October 19th, 2011 at 2:28:30 PM permalink
Quote: Wizard

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%.

Would have to also rely on the honesty of the person surveyed and whether they really did any in-process thinking on the issue or not. Its a reasonable figure to bandy about in one of those cutesy magazines about casinos. Reasonable. Not necessarily precisely correct or valid, but from what is available it is a reasonable figure.
1BB
1BB
Joined: Oct 10, 2011
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October 19th, 2011 at 3:46:48 PM permalink
delet
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
rxwine
rxwine
Joined: Feb 28, 2010
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October 19th, 2011 at 5:11:52 PM permalink
Quote: Wizard

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%.



Let's modify the question.

Okay, if everyone purposely went to Vegas to play the game of their choice (like they would normally do) and absolutely made a plan to leave as soon as they were ahead, no exceptions, the answer should be even stronger that everyone would leave ahead. Because it's going to assure they will leave when they are ahead, not just randomly.

But I don't think so. No the odds come into play no matter what over the billions of plays. Some people will just get slammed hard with no wins right at the start of their play. The odds will have their way.

Am I wrong?
Quasimodo? Does that name ring a bell?
DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
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October 19th, 2011 at 5:12:17 PM permalink
Quote: 1BB

You turned in that $10, right DJ?

Show me the rule....
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. 🤗
rxwine
rxwine
Joined: Feb 28, 2010
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October 19th, 2011 at 5:22:49 PM permalink
Oh, I think I messed up here.

70% could leave ahead.

But 30% would leave enough money with the casinos to make up both the 70% that were ahead but also satisfy odds against everyone.
Quasimodo? Does that name ring a bell?
MrV
MrV
Joined: Feb 13, 2010
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October 19th, 2011 at 5:36:50 PM permalink
John Patrick has used the following mantra for many, many years (much more than five years):

"70% of the people who enter a casino get ahead at some time during their stay, yet...90% of that 70% give the money back."

You wonder where he pulled this statistic out of?

Answer:his a$$.
"What, me worry?"
ncfatcat
ncfatcat
Joined: Jun 25, 2011
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October 19th, 2011 at 5:41:57 PM permalink
Quote: MrV

John Patrick has used the following mantra for many, many years (much more than five years):

"70% of the people who enter a casino get ahead at some time during their stay, yet...90% of that 70% give the money back."

You wonder where he pulled this statistic out of?

Answer:his a$$.



I read all his books and he says that in most if not all of his books. I thought it was 80% though.
Gambling is a metaphor for life. Hang around long enough and it's all gone.
Face
Administrator
Face 
Joined: Dec 27, 2010
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October 19th, 2011 at 6:00:08 PM permalink
Quote: DJTeddyBear

Show me the rule....



Well I say. Since I got a purdy lil picture avail to me... and multiple places you've provided them thar personal infos, I reckon I could call my boys at the station and wrassle me up a sticky fingered Rev'rund! Boy howdy, I might'un get mah picture on da front page wit da Mayor, won't mamma be proud!

J/K DJ, just trying to keep up on my "Sherrif" status. ;)
The opinions of this moderator are for entertainment purposes only.
cardcounter
cardcounter
Joined: Oct 15, 2011
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October 19th, 2011 at 7:00:43 PM permalink
Quote: Keyser

"70 percent of people at a casino visit are ahead at one point"

I've seen this phrase tossed around in various locations for a while now. What's the source of this bad information? Is it John Patrick?



What the average gambler doesn't know is that how often you win does not matter what matters is how much you win vs how much you lose!
thecesspit
thecesspit
Joined: Apr 19, 2010
  • Threads: 53
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October 19th, 2011 at 8:38:11 PM permalink
Quote: MrV

John Patrick has used the following mantra for many, many years (much more than five years):

"70% of the people who enter a casino get ahead at some time during their stay, yet...90% of that 70% give the money back."

You wonder where he pulled this statistic out of?

Answer:his a$$.



Just like his books. They are fun to read if you like that sort of thing. I do.

Gambling system books amuse me. But then so do infomercials...
"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

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