Yes but the ideas need to be correct, theory or not. Â In
practical terms, no one player can approximate the long
term. Â Even if that player playes 40 hours per week for
many years. Â So this is where it's important to ask the
question what theory will you follow?
The casino on the other hand, can approximate the values of
the long term ,because of the sheer amount of gamblers hours
(active gamblers times number of hours they play). Â This is
maybe revolutionary but simple.
All gamblers are then, playing in the short term. Â Short
term play is dependent on ...lets say it..luck. Â As such,
you need to match your theory to the time period you are in.
 Creating profit and loss definitions, algorithms for
exactly when to cash out, are very important in this
process.
The casino convincing you that AP (advantage player) will
always win in the long run has several actual errors in it
mathematically AND many semantic errors. Â Â
I know this because I have been involved in probalistic
endeavors for profit for the past 15 years. Â Ive built my
career on understanding the different scenarios, theories,
long term math, when it applies and when it is
non-applicable. Â Your short term casino play doesn't
apply. Â Â An insurance company and a casino make money day
to day from them, but even then sometimes there are outlier
events that cause them to go bust. Â If you want a real
world example from another industry, research the math
probability of the genius minds at Long Term Capital
Management, and see what happened to their math in the real
world.
Anyway, I can't wait for this post to be removed by these
website administrators, as is the case with every post i put
up that goes against the casino profit model. Â Even this
website, it seems, has inklings of being here for the
purposes of conditioning that the EV methods and AP style
plays actually work all the time, in the long run, etc. Â
The truth is that promotions are design to get you to play
to system that doesn't work for your profit, and maximizes
the casino profit.
···
To: vpFREE@Yahoogroups.com
From: RWS <realcaman92373@yahoo.com>
Date: Mon Apr 29, 2013 8:43 am
Subject: RE: [vpFREE] Re: How to Jump Start a Bankroll the Mickey Crimm Way
_____________________________________
Cogno Scienti <cognoscienti@hotmail.com> wrote:
Theory builds cities and moon rockets. On the other
hand, ignorant blather doesn't build anything but more
ignorance.