vpFREE2 Forums

Feeling Guilty - Trip Report

I understand the long term implications. My point was that by not
worrying about it, I won $16,000. It would not have been any more

or

less if the machines were 100% or 98%.

It would, of course, have been more. For example, you would have
made 5 credits more per FH that you hit if you had chosen an 8/5 over
a 7/5 machine. Let's say you played an hour and hit ten --5 at $1
level and 5 at $2. That machine choice just cost you $75 for that
hour. The royals would have been the same on most machines. As a
person who believes only in short term gains it is interesting that
you should fixate on the extremely infrequent hand to make a
justification for your short term system rather than the hand that is
seen multiple times during every short term session.

I don't believe in long term because I can't sit at a machine and
grind things out for 2000 hours. Each time I sit down is a new

short

term session.

Your math is correct IF one believes in long term. I don't believe
that you can add up the sessions and have them become just one long
term ratio. If I have unlimited resources, unlimited time and a
large number of machines, then long term works because it can

happen

in just a few days.

I can add up my sessions. If it's hard I use a calculator;-) I
suspect the casino adds up my sessions as well. They are big fans of
the "long term" return. Congrats on the royals! I always enjoy a
good gambling story.

Chandler

···

--- In vpFREE@yahoogroups.com, "Rick Bronstein" <rick@...> wrote:

"Long term" and "short term" are shorthand ways people have of describing
distributions of results. Neither has an effect on the results themselves.

As for thinking each sit is somehow independent, see
http://groups.google.com/group/rec.gambling.blackjack/msg/f28856c7bc6e8097?hl=en&.
I can't improve on that for explaining the fallacy of the short session or
quitting while ahead.

As for getting lucky, congratulations, and I wish I could capture some of
that lightning.

[Non-text portions of this message have been removed]

···

On 3/18/06, Rick Bronstein <rick@greensky.com> wrote:

I don't believe in long term because I can't sit at a machine and
grind things out for 2000 hours. Each time I sit down is a new short
term session.

<<But...casinos have gone broke even if the "odds" are in their favor.>>

I'm not aware of any. Which casinos have gone broke?

Cogno

Castaways (as previously mentioned), Binion's Horseshoe (not to be
confused with the current incarnation of Binion's without the
"Horseshoe" name, under different operators), Silver Slipper, Debbie
Reynolds' casino, President Casinos in Biloxi and Tunica MS, Splash
Casino in Tunica MS and one in Illinois that I can't remember by name.
It happens.

Silver Slipper did not go bankrupt. I used to go
LAS once every 4 years or so back in the sixties ( a
typical ploppy?) and loved their $0.39 breakfasts
that you had to walk through the casino to get. In an
infamous case, the casino was caught cheating, as I
remember, using odd spotter dice. The Gambling
Commission which had a different name then revoked
their licence, and stated that they could NOT sell to
some one else (and get licensed) so they had to go out
of business. Sometimes the government gets it right!!!

···

--- realkyhick <realkyhick@yahoo.com> wrote:

> <<But...casinos have gone broke even if the "odds"
are in their favor.>>

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What are "odd spotter dice?"

Scot

···

-----Original Message-----
From: vpFREE@yahoogroups.com [mailto:vpF…@…com]On Behalf Of
Joe Pucek
Sent: Tuesday, March 21, 2006 11:07 PM
To: vpFREE@yahoogroups.com
Subject: Re: [vpFREE] Re: Feeling Guilty - Trip Report

    Silver Slipper did not go bankrupt. I used to go
LAS once every 4 years or so back in the sixties ( a
typical ploppy?) and loved their $0.39 breakfasts
that you had to walk through the casino to get. In an
infamous case, the casino was caught cheating, as I
remember, using odd spotter dice. The Gambling
Commission which had a different name then revoked
their licence, and stated that they could NOT sell to
some one else (and get licensed) so they had to go out
of business. Sometimes the government gets it right!!!

--- realkyhick <realkyhick@yahoo.com> wrote:

> <<But...casinos have gone broke even if the "odds"
are in their favor.>>

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One die has only 1, 3, and 5 on the faces, the
other, only 2, 4, and 6 so that EVERY dice throw
results in an odd number.
It has been many years ago but somehow the casino was
held responsible.

···

What are "odd spotter dice?"

Scot

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