vpFREE2 Forums

Different Approaches by Vegas Pros

#1

The Travel Channel replayed a program titled A Players Guide to Vegas
last night.

One expert noted there are only three casino games where player
decisions make a difference: Black Jack, Video Poker, and Sports
Betting.

Bob Dancer and Jean Scott were both interviewed and I felt did a very
good job explaining the keys to success at VP.

I found it interesting to compare the approaches of Bob Dancer and
Stanford Wong. Wong has a broader perspective. He will play ANY
game if he believes he has an edge whereas Dancer plays only VP and
ignores all the other games.

Another expert said the pros all seem to follow three rules: (1) Set
a win goal, (2) Set a loss goal, (3) Set a time goal. When one of
these goals is met, stop playing. Personally, I don't see the merits
of these rules, where VP is concerned. Both Wong and Dancer use a
different rule: Play if the game favors the player, don't play if the
game favors the casino. To me that makes more sense.

#2

brumar_lv wrote:

Another expert said the pros all seem to follow three rules: (1) Set
a win goal, (2) Set a loss goal, (3) Set a time goal. When one of
these goals is met, stop playing.

  I don't know of any pro that follows those rules. There may be some, but I have my doubts. Those three rules sound more like advice for a recreational player/visitor.

  Even then, it's not really useful except for the loss limit (would make sense for a visitor with a limited trip stake). A time limit might be useful for particular individuals, who wish to make sure they enjoy the other parts of their trip. But putting a ceiling on how much you can win? I don't see much value in that, except if you really need the psychological boost of guaranteeing your win. I'd rather see if I could win more.

   Personally, I don't see the merits

of these rules, where VP is concerned. Both Wong and Dancer use a different rule: Play if the game favors the player, don't play if the game favors the casino. To me that makes more sense.

Me too.

···

--
Thanks!
Skip
http://www.vpinsider.com

#3

That "expert" was talking about craps & other games with house edges ,
some people still think that you can beat these games playin like that,
We all know better
M J

···

--- In vpFREE@yahoogroups.com, "brumar_lv" <brumar_lv@y...> wrote:

The Travel Channel replayed a program titled A Players Guide to Vegas
last night.

Another expert said the pros all seem to follow three rules: (1) Set
a win goal, (2) Set a loss goal, (3) Set a time goal. When one of
these goals is met, stop playing. Personally, I don't see the merits
of these rules, where VP is concerned. Both Wong and Dancer use a
different rule: Play if the game favors the player, don't play if the
game favors the casino. To me that makes more sense.

#4

They also ran one titled, Las Vegas: Gambling With The Pros. I suspect they
have a lot of interview and casino footage and they just recut stuff to make
new shows. When it was Bob Dancer's turn at bat, they mentioned he was
voted into the Video Poker Hall Of Fame. No plug for vpFREE, though;-)

Chandler

···

-----Original Message-----
From: brumar_lv [mailto:brumar…@…com]
Sent: Friday, April 08, 2005 6:47 PM
To: vpFREE@yahoogroups.com
Subject: [vpFREE] Different Approaches by Vegas Pros

The Travel Channel replayed a program titled A Players Guide to Vegas
last night.

#5

I think the time goal has relevence for VP'ers, but it's an extension
of the "play as long as you have the advantage" principle.

Unless you're a mutant from another planet, you're going to start
making mistakes if your session is long enough. Brains get tired.
Furthermore, I can't imagine a pro not having a pretty good idea how
many hours he/she can go before it's time to quit, even though the
game is still "positive".

carlos

brumar_lv wrote:

> Another expert said the pros all seem to follow three rules: (1)

Set

···

--- In vpFREE@yahoogroups.com, Skip Hughes <skiphughes@e...> wrote:

> a win goal, (2) Set a loss goal, (3) Set a time goal. When one of
> these goals is met, stop playing.

  I don't know of any pro that follows those rules....[etc]

#6

http://www.bjmath.com/bjmath/thorp/tog4.pdf
"...there is no way to convert a negative expectation into a positive
expectation through money manipulation. Any good money management plan
says not to wager in such a situation. ...After the gambler has
discovered a favorable wagering situation, he is faced with the
problem of how best to apportion his limited financial resources.
There exists a rule or formula which you can use to decide how much to
bet. I will explain the rule and tell you the benefits that are likely
if you follow it."

see also:
http://www.bjmath.com/bjmath/kelly/kellyfaq.htm

#7

They also ran one titled, Las Vegas: Gambling With The Pros. I

suspect they

have a lot of interview and casino footage and they just recut

stuff
to make

new shows. When it was Bob Dancer's turn at bat, they mentioned he

was

voted into the Video Poker Hall Of Fame. No plug for vpFREE,

though;-
)

Chandler

I forgot to mention the Video Poker Hall of Fame award to Bob
Dancer ... thanks for doing so. As you said, I think this show was
mostly a repeat of material from an earlier broadcast.

One key issue Dancer discussed was the crucial importance of an
adequate bankroll. Yet my impression is Dancer doesn't have
precise bankroll guidelines for his own play. His book describes
only rough guidelines. However, I haven't read most of his columns,
so I may be wrong about this.

···

--- In vpFREE@yahoogroups.com, "Chandler" <omnibibulous1@c...> wrote:

#8

Another expert said the pros all seem to follow three rules: (1) Set
a win goal, (2) Set a loss goal, (3) Set a time goal. When one of
these goals is met, stop playing. Personally, I don't see the

merits

of these rules, where VP is concerned. Both Wong and Dancer use a
different rule: Play if the game favors the player, don't play if

the

game favors the casino. To me that makes more sense.

I basically agree with the Wong/Dancer philosophy. If you're an
adequately bankrolled player who's in it for the long haul, there's no
reason to stop playing just because you've won or lost a certain
amount today. More time played means more money earned (on average,
of course) -- provided you don't get tired and start making too many
mistakes.

I'm not really surprised to hear a gambling "expert" on TV make
incorrect statements. It happens frequently. What's important is
that you understand how the winning process works and act accordingly.