Peter wrote:
>On Wed, Dec 14, 2011 at 3:39 PM, GURU PERF <guruperf@att.net> wrote:
>> That response was jocular, not mathematical, much in the way (I believe)
>> Tom's response to Jean Scott was: I teach "bad" machines the worst
>> lesson of all. I stay on them.
>
>Sorry if I missed your intended humor. But then I'm not sure what to make of:
>
>> But for me it is a control mechanism that allows me to continually
>> assess my current situation, and avoid such things as throwing good
>> money after bad, beating dead horses, and the classic definition of
>> Insanity: doing the same thing over and over again and expecting
>> different results.
>
>Are you still joking here? Staying on a machine that has been cold
>isn't throwing money after bad. And gambling by its nature is about
>doing the same things and not knowing which result to expect.
>
>i.e. the suggestion that there's even something to avoid implies that
>the past results are somehow an indicator of what's to come.
>
>Maybe it's just too subtle for me :-)
Understanding how to ride out winning streaks and quit before a losing
streak starts is VERY subtle, Peter. It's not for everyone.
