As an aside, my comments to Rob Singer weren't intended to characterize his gaming approach. I was simply highlighting why Rob might have "missed" the perspective that was the driver in Dancer's column.
Both in this post, and in the past, I acknowledge that "advantage play" doesn't suit all and I can understand why Rob's approach to gaming would be quite satisfactory to some. (Admittedly, there are risk factors that should be understood before applying that approach ... but the same goes for any approach, including "advantage" play.")
- H.
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--- In vpFREE@yahoogroups.com, "nightoftheiguana2000" wrote:
As far as I know, Rob basically advocates a Martingale, though he won't admit it. A Martingale is EV neutral, but it does substantially jack up the variance, which is gonna wreak havoc with N0 and Kelly bankroll, for those, such as myself, who think those parameters are important. If your goal is to win today, que sera sera, damn the icebergs full speed ahead, get the pilot drink, party like it's 1999, then I think Martingale is the system that offers the best chance of success at that goal. Bob and Mike talked about using a Martingale at craps on the radio show and Stanford Wong advocates Martingales (proportional betting) in his tournament strategy book. Proportional betting is also part of the Kelly system.
--- In vpFREE@yahoogroups.com, "dunbar_dra" wrote:
>
>
>
> --- In vpFREE@yahoogroups.com, "vp_wiz" wrote:
> >
> > Rob, I can see where, from your perspective, you might have been led to conclude Bob had a losing trip.
> >
> > After all, it would seem that Bob was doing a reverse take on an old medical joke: "The operation was a failure; the patient is better."
> >
> > 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", and the interesting aspect to him in this play was how Riviera diminished a good expectation.
> >
> > By contrast, Rob, when you played actively, a loss in a given day was a keen disappointment. When executed as you advocate, your strategy yields up a win most days.
> >
> > You know that I have a certain respect for your strategy (even if I don't think it's necessarily a "winning" one overall). I'm first to admit that the methodology of "advantage play" isn't satisfying to all, and that for yourself and many others, play along the lines you recommend yields greater fulfillment.
> >
> > That said, 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. To have a casino "pull the rug" out from under that expectation on a trip is a key frustration.
> >
> > - H.
>
> I want to belatedly say that that was a superbly well-written, well thought out post, Harry.
>
> --Dunbar
>