[vpFREE] Re: Best Randomness Analogy Contest

 

There's some more tricks involved. For example, if the casino's policy is to stop you from playing once you win a certain amount, that's generally in your favor. More or less that's how Bob Dancer (or actually his wife) walked away (or was escorted away) from the MGM a big winner.

--- In vpFREE@yahoogroups.com, David Silvus <djsilvus@...> wrote:
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> Precisely. Unless your bankroll is as large as the casino's, the downswing will always get you if you play long enough -- even on a plus-return game. Discipline is, as always, the key. Unfortunately it is often lacking. Which, of course, is what Las Vegas is built upon. $X is never enough, everyone wants $X + $Y.
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> To: vpFREE@yahoogroups.com
> From: nightoftheiguana2000@...
> Date: Mon, 17 Jan 2011 17:36:35 +0000
> Subject: [vpFREE] Re: Best Randomness Analogy Contest
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> --- In vpFREE@yahoogroups.com, jacobs <jacobs@> wrote:
> > So, depending on how
> > you look at it, the deviation is both growing and shrinking!
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> In terms of dollars the deviation is growing, which is why if you play an even money game (or 100% return) long enough with a set bankroll, you will eventually go bankrupt (not breakeven as is commonly thought). In other words, in an even money gamble, the swings in dollars increase, and eventually one of those swings will snap off your bankroll.
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