EvenBob
Joined: Jul 18, 2010
• Posts: 19877
July 26th, 2010 at 3:59:13 PM permalink
Quote: DJTeddyBear

when I decided to walk from the Stratosphere to Circus Circus. With the wife. In the mid-afternoon. In August.....

OMG! You can't be serious. I hate walking to the valet parking area at MGM in the summer, let aone anywhere else. I spend as close to 0% of my time outdoors as possible in July-August in Vegas, its like a pizza oven out there. Shudder.... I rent a car in Vegas, I have never walked anywhere. Its not a productive use of my time. And it tires you out. I marvel at the people walking the Strip at 3pm in July. I gawk at them from my air conditioned rental. I don't get it..
"It's not enough to succeed, your friends must fail." Gore Vidal
Mosca
Joined: Dec 14, 2009
• Posts: 3374
July 26th, 2010 at 4:47:03 PM permalink
Sure there is such a thing as luck, but as a concrete noun it only describes things which have already happened. Projected forward, luck represents potential. Its value is personal. Luck exists as potential, is resolved, and then gets an adjective appended to it, either good or bad.

Looking forward, as potential, quantitative value doesn't exist, the value is personal and intangible, a personal belief in the potential of the session. So, luck as a thing of monetary value, no. Luck as a thing of emotional value... well, it's kind of why we gamble, I think.

As a resolved event, luck's relationship to odds and \$\$ wagered is reasonably constant; if you are a \$10 bettor, and you drop \$100 on 12 and it hits... damn, that was REALLY lucky. If you are a \$100 bettor, and you put \$5 on pass and it hits, there's not a lot to say. If you hit a middling payout on a penny slot, say \$100 on a \$2 wager, that's OK. If you get a \$1000 spin on a \$1 WOF, that's AWESOME. If you do it twice in a session, that's pretty damn lucky! If you hit the progressive, then you are one lucky son of a... gun.
NO KILL I
bluefire
Joined: May 24, 2010
• Posts: 156
July 26th, 2010 at 4:55:07 PM permalink
Quote: Nareed

Work in progress still:

11) Do not bet even a penny without getting a player card first. It won't hurt and it might help.

12) There's no such thing as luck.

14) Despite law 12, it's good manners to wish good luck to other players. It's especially good manners to wish the dealer good luck when you place a bet for him.

15) Don't ever play for comps.

16) The Mirage has a fountain "volcano," the Bellagio has the world famous dancing fountains, the Wynn has the lake of dreams and pool parties. From these observations we can conclude Steve Wynn is composed mostly of hydrophilic compounds.

Love the list so far. I'll get to experience the August heat next month. Haven't been to Vegas when it's hot, but I'm betting it's probably pretty close to the 110-degree days we get in san antonio.

I have to disagree on #12 though. I'd define "good luck" as a short-term positive swing in variance in a long-term negative expectation game.

From Priceton's WordNet

Quote:

S: (adj) lucky (occurring by chance) "a lucky escape"; "a lucky guess"
S: (adj) lucky (having or bringing good fortune) "my lucky day"; "a lucky man"
S: (adj) golden, favorable, favourable, lucky, prosperous (presaging or likely to bring good luck) "a favorable time to ask for a raise"; "lucky stars"; "a prosperous moment to make a decision"

Positive short-term swing in variance = having good fortune that occurred by chance. Hence, it was lucky.
DJTeddyBear
Joined: Nov 2, 2009
• Posts: 9621
July 26th, 2010 at 6:01:41 PM permalink
Quote: EvenBob

Quote: DJTeddyBear

...I decided to walk from the Stratosphere to Circus Circus. With the wife. In the mid-afternoon. In August.....

OMG! You can't be serious.

Yes I can. But you gotta remember: It was only about an inch on the map!

The other part of the story is, half way there, I told her we'd take a cab from Circus Circus to the next casino - Slots-O-Fun!

On the subject of luck: It absolutely exists.

Unfortunately, it exists in a fairly equal ratio of good luck and bad luck.
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.
EvenBob
Joined: Jul 18, 2010
• Posts: 19877
July 26th, 2010 at 6:54:29 PM permalink
Quote: DJTeddyBear

On the subject of luck: It absolutely exists.

Luck is just a word people use when they don't understand variance. The more you know about variance, the more 'luck' will disappear from your vocabulary.
"It's not enough to succeed, your friends must fail." Gore Vidal
JerryLogan
Joined: Jun 28, 2010
• Posts: 1344
July 26th, 2010 at 7:07:15 PM permalink
Quote: EvenBob

Luck is just a word people use when they don't understand variance. The more you know about variance, the more 'luck' will disappear from your vocabulary.

That total nonsense. Some people try to sound smart by claiming that all the time in vp and they look all the dumber for it. It's like a person with a dry sense of humor along with a matching boring personality trying to convince someone with a life, that nothing but his view has any meaning. Ask every powerball winner if it was variance or good luck that made them wealthy. Then ask every vp player who hits a RF if they enjoyed the variance of the moment or the good fortune.
Mosca
Joined: Dec 14, 2009
• Posts: 3374
July 26th, 2010 at 7:11:14 PM permalink
Quote: EvenBob

Luck is just a word people use when they don't understand variance. The more you know about variance, the more 'luck' will disappear from your vocabulary.

Disagree completely. You are confusing completely different things. Luck is what happens when results do not agree with odds or variance. If you never won a single wager for the rest of your life... try describing that without using the word luck.
NO KILL I
EvenBob
Joined: Jul 18, 2010
• Posts: 19877
July 26th, 2010 at 7:22:31 PM permalink
Quote: JerryLogan

That total nonsense. Some people try to sound smart by claiming that all the time in vp and they look all the dumber for it. It's like a person with a dry sense of humor along with a matching boring personality trying to convince someone with a life, that nothing but his view has any meaning. Ask every powerball winner if it was variance or good luck that made them wealthy. Then ask every vp player who hits a RF if they enjoyed the variance of the moment or the good fortune.

Luck is a meaningless word. One persons bad luck is another persons good luck. Its just a word that covers everything you don't understand. I lost a 20\$ bill and somebody finds it. Bad luck for me, good luck for them? Its neither.

If I totally understand how variance works in the game I play, the word luck never even occurrs to me. How can luck even exist? Its just another superstition.
"It's not enough to succeed, your friends must fail." Gore Vidal
bluefire
Joined: May 24, 2010
• Posts: 156
July 26th, 2010 at 7:23:19 PM permalink
Quote: Mosca

Disagree completely. You are confusing completely different things. Luck is what happens when results do not agree with odds or variance. If you never won a single wager for the rest of your life... try describing that without using the word luck.

Technically, all results comply with variance. But that's exactly what luck is: short-term variance patterns.

In your example, "bad luck" would be the short-term negative variance that person experienced over the rest of his life.

That's not to say luck doesn't exist - it absolutely does, but it's a way to describe short-term variance. Having bad luck means you experienced negative short term variance.
DJTeddyBear
Joined: Nov 2, 2009
• Posts: 9621
July 26th, 2010 at 7:26:48 PM permalink
Quote: EvenBob

Quote: DJTeddyBear

On the subject of luck: It absolutely exists.

Luck is just a word people use when they don't understand variance. The more you know about variance, the more 'luck' will disappear from your vocabulary.

Seems like when you're talking about luck & variance, you're talking about the random combinations of good luck and bad luck.
But nice of you to take my comment out of context.

I'd like to remind everyone EXACTLY what I said on the subject:
Quote: DJTeddyBear

On the subject of luck: It absolutely exists.

Unfortunately, it exists in a fairly equal ratio of good luck and bad luck.

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.