Can "Bad Year" be defined as playing a 99.5% game then adding cashback and comps and still getting a 90% return (or worse)?
I still find it amazing the push for NEVER playing negative games when even though you are playing that positive game (or close to it) there's a good chance (and if you are "unlucky" a very good chance) that you will receive much less than expected.
Sad to say, if you receive the much less than expected for too many consecutive sessions your bankroll will be wiped out long before you can ever see that "assumed to come" set of positive sessions that are supposed to balance out the negative.
Even with a 6K bankroll, a serious negative roll can wipe out your bankroll before ever getting near to expected returns and this is on quarters. A few consecutive 80% returns is even a nasty little reminder that "expected" isn't "guaranteed" and on the bell curve there's a position for EVERYONE.
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-----Original Message-----
From: nightoftheiguana2000 [mailto:nightoftheiguana2…@…com]
Sent: Monday, January 5, 2009 01:42 PM
To: vpFREE@yahoogroups.com
Subject: [vpFREE] Re: Breaking Even
--- In vpFREE@yahoogroups.com, coachvee@... wrote:
Also, as seven
Stars guests, we get free movies in our room and free internet access.
So, of the 52 weekends in 2008, we probably spent 40 or so in one
gambling
venue or another ... in a free room, eating free meals, seeing a
free show,
picking up a free gift, watching free movies and accessing the
internet for
free.
If we can do all that AND make a few bucks gambling, we believe we've
accomplished our goals.
Harrah's 7-Stars card takes a million coin in. If you're playing at a
1% loss rate (which is a reasonable guess, it could be far worse
depending on what games you play and your error rate and any other
"mistakes" you or the casino makes), that's costing you $10,000 on
average, plus the occasional bad year which will cost you much more.
Were the benefits of 7-Stars you received worth $10,000 or more? Keep
in mind that Vegas was basically built on Vegas blackjack, a
supposedly nearly breakeven game. Obviously, in practice, the casinos
held a quite favorable edge.
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