[vpFREE] Re: Bob Dancer's LV Advisor Column - 22 FEB 2011

 

--- In vpFREE@yahoogroups.com, "nightoftheiguana2000" <nightoftheiguana2000@...> wrote:I draw the inference that you only worried about losses when you were losing. Correct me if I'm wrong:

Very insightful of you to ask. Beginning to know me are you?

No, I was ahead about $5,000 when I backed out of the BJ play. $1200 a hand was simply outside my comfort level. It had little to do with my results at the time. I try never to included results in any decision about gambling I make.

When I say, "loses" what I really mean is "potential loses". The worry should have been in advance of playing.

This may have been the exception, but if anything, what made me nervous was the quick win. It was my first exposure to BJ fluctuation. I know the math says in BJ the swings can go both ways with equal speed, and I didn't want to wait for the other shoe to drop. Besides I didn't need the money, and the EV/Stress trade was a poor one.

Oh & BTW: Backing out cost me roughly $8,800 in additional profit (my share of an 8-way split). But I slept easier giving it up.

I believe pro gambling should be a 0% stress job, or get a different job. I have failed in keeping it 0%, but it has still been FAR less stressful than anything else I've done.

My current stress level is approximately 7.34792%.

Don't ask how I calculate that? (its stressful)

~FK

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