thecesspit
thecesspit
Joined: Apr 19, 2010
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October 20th, 2011 at 2:38:02 PM permalink
Quote: EvenBob

Quote: pacomartin



I've seen it attributed to this book. The comment is almost meaningless.



Its meaningless because the implication is, quit while
you're ahead and come back and do it again. This is
impossible if you don't have the edge. All gambling
sessions are linked to all the other sessions you've
played. Its all one long session. So you're ahead $25
and leave. Do the same next time. And the next time.
Then you play and you're never ahead in the next
session and lose $400. You can play this way forever
and eventually find you're losing right at the house
edge.



90% of systems books I've read are based on the idea of having winning sessions and being "up" and walking. This concept is normally tied in with : any losing session is your lack of discipline AND 'those maths guys... they know nothing about the real cards and dice'.

John Patrick and Rob Singer... both have the same sort of ideas in their books, just expressed in their own unique ways.

I guess I helped John though... I paid for his books...
"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
rxwine
rxwine
Joined: Feb 28, 2010
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October 20th, 2011 at 2:45:51 PM permalink
Quote: kp

How long do I have to leave before I come back?



I think 110 years minimum. : )


Quote:

What is "ahead"?



Now that one is simple. Because if you don't know when you're ahead you shouldn't even gamble.
Quasimodo? Does that name ring a bell?
algle
algle
Joined: Aug 12, 2010
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  • Posts: 82
October 20th, 2011 at 2:50:52 PM permalink
Quote: thecesspit

90% of systems books I've read are based on the idea of having winning sessions and being "up" and walking. This concept is normally tied in with : any losing session is your lack of discipline AND 'those maths guys... they know nothing about the real cards and dice'.

John Patrick and Rob Singer... both have the same sort of ideas in their books, just expressed in their own unique ways.

I guess I helped John though... I paid for his books...


John Patrick doesn't even play his own Craps system. His system for making money is to sell books. Smart guy.
If nothing will change then I am nothing.
DJTeddyBear
DJTeddyBear 
Joined: Nov 2, 2009
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October 21st, 2011 at 5:08:56 AM permalink
Quote: marksolberg

I don't know if you were being sarcastic or not but I'll still throw it out there. If I saw you drop $1000 and picked it up when you walked away is it mine?

This has been discussed heavily in other threads. FYI: I didn't see who dropped it.

Yeah, I was being sarcastic. When I saw that $10, the rule was in the back of my head. I'll take a slap on the wrist for that.

I saw that $10 before I started gambling. It was downhill from there. Perhaps this thread is suggesting I should not have gambled and left while I was ahead.
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. 🤗
MrV
MrV
Joined: Feb 13, 2010
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October 21st, 2011 at 8:24:45 AM permalink
Quote: EvenBob

All gambling sessions are linked to all the other sessions you've played. Its all one long session.



Not according to John Patrick and his handful of devoted followers.

They argue (lamely and ineffectively) that the long run does not apply to them.

They also argue that math plays no part in gambling (only "arithmetic") and that logic and discipline are most important.

Ah, the land of the Lotus Eaters ...
"What, me worry?"
ncfatcat
ncfatcat
Joined: Jun 25, 2011
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October 21st, 2011 at 8:49:33 AM permalink
Well all the commodity traders with their "systems" use the john patrick system which is the deceptive "Cut your losses and let your profits run"
Gambling is a metaphor for life. Hang around long enough and it's all gone.
konceptum
konceptum
Joined: Mar 25, 2010
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October 21st, 2011 at 3:22:01 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$$.



While it's true that 84% of statistics are made up on the spot, his round numbers have the ring of truth to them.
Switch
Switch
Joined: Apr 29, 2010
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October 21st, 2011 at 3:28:10 PM permalink
Quote: ncfatcat

Well all the commodity traders with their "systems" use the john patrick system which is the deceptive "Cut your losses and let your profits run"



Isn't it the other way around ?
mrjjj
mrjjj
Joined: Sep 4, 2010
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October 21st, 2011 at 3:41:41 PM permalink
Great subject !!!!!!!! Its like that for myself. We'll say a profit of $200 (BR around 3K), I would estimate on my losing days, I was up at some point around 60-80% (70%) during my play. I kick myself sometimes on those days. I agree with the 70% stat, no doubt about it.

Ken
Mosca
Mosca
Joined: Dec 14, 2009
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October 21st, 2011 at 4:23:47 PM permalink
Quote: dm

Why aren't you up if you win the FIRST blackjack hand?



You are, I just wrote it wrong. Brain fart between mind and fingers.
NO KILL I

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