RE: [vpFREE] Re: Bob Dancer: Equity Question for You

 

MC wrote: The frequency on a dealt royal is 649,740. In this spot I
wouldn't care whether it was at advantage. The one big question I would
ask myself is when can I expect a payday. Not anytime soon so I would
pass on the play.

Just because someone challenges me to answer a question doesn't mean I feel obligated to respond. But this time I will.

I think the problem was posed as a dealt one-way sequential in diamonds --- which would make it 480 times as big as the 649,740 figure cited. No matter. Not interested.

Playing 40 hours a week, it would have a "cycle" of more than 1,000 years. I may not live that long! At 800 hands per hour, it would cost $800 dollars per hour. At 2000 hours a year (I need a vacation occasionally), the cost would be $1,600,000 per year, minus the rather miniscule chance of hitting the jackpot. If I ran a little bad (how could you tell? You're losing EVERY hand!), it could take longer. Plus even if I hit it, who's to say whoever was funding the jackpot wouldn't go bankrupt and offer me, say, 10 cents on the dollar?

There would also be a cute little tax problem involved as well. There's a rule that says to be a professional gambler you have to earn a profit every so often. Once every 1,000 years isn't going to cut it.

Right now I am fortunate to have enough bankroll to last me for the duration (I think/hope) so long as I don't do anything stupid. Playing this BFD game would qualify as stupid. No thanx.

Bob


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Posted by: Bob Dancer <bobdancervp@hotmail.com>
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