[vpFREE] Re: Bob Dancer's LV Advisor Column - 8 JAN 2013

 

--- In vpFREE@yahoogroups.com, "vp_wiz" wrote:

> Bob's article stands out as an example of how "day to day results" are a minor focus in his play. He's all about "EV" ....a competent "advantage player" can reliably look to reap that advantage over manageable time, provided that they keep their eye on playing at a sufficiently positive EV.
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The Riv play was just one of countless plays Bob puts down in a year's time. I'm sure he has his share of losing plays....and the Riv play had a chance to be one. But I'm also sure that on a yearly basis, Bob does very well--because he is always playing with a mathematical advantage.

I dumped $215 yesterday on my way to hitting a 7/10 at video keno--it was a mathematical 8.5% advantage when I sat down on it. It was the play I wrote about in What Variance Looks Like In The Real World. I'm several thousand dollars ahead at this game. But yesterday I took a hit again. I dutifully wrote the stats down in my notebook, including the 3127 games it took me to snap it off.

I suffer through the losing plays because the winning plays out run them. Roy Cooke, a former Cardplayer colmnist, and Bellagio middle limit holdem player said it best "The recurring sum of net edge times volume equals the earn."

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