HOHOHDO WROTE:
In the long run, I will only lose 1/2 of 1%<
this may be true IN THEORY, but I think a lot of people on the board will attest to the fact that the risk is MUCH greater. All you have to do is search for "royal flush" in this board and you will come up with this:
Tom Flush wrote:
I recently broke a 5 year 280,000 hand without a
Royal Flush
Jinx in
Atlantic City which cost me $50,000 in loses. I have a
good steady job,
and
was able to eat the loss - but what about that
'advantage player' who
loses
his luck and could not afford this - putting his
entire family's
welfare in
jeopardy. I won't name anybody, but there was a member
of this ...<
Tom as a relative newcomer here and mostly a
"lurker". I really appreciate your honestly in this
post. Sometimes in reading the posts on this board I
think it should be renamed the"Celebratioin of the RF
Board". Everyone loves to talk about their winning
days but get very silent when they lose.
A newcomer to this board could easily get the
impression that VP is a game where one cannot lose at
least in the "long term". However, the Risk of Ruin is
always present depending on one's circumstances. A
$50,000 loss would cause many people very serious
consequences in their life.
Another so-called advantage player on this board has
alluded to a very serious losing streak in the past
year. Apparently, he can afford it.>>>>>
···
--- On Mon, 10/27/08, HOHOHONDO <hohohondo@yahoo.com> wrote:
From: HOHOHONDO <hohohondo@yahoo.com>
Subject: [vpFREE] Re: XVP: Do You Like To Gamble?
To: vpFREE@yahoogroups.com
Date: Monday, October 27, 2008, 10:01 AM
I play a lot of VP, living only 2 driving hours from AC and Mohegan
Sun. Members of my family think I have lost my mind. When I explain
that in the long run I will lose only a half of one percent of what
I gamble, receiving more than that in rooms, meals and gifts, they
shake their heads and roll their eyes. I play 9/6 job, 8/5 bonus,
and full pay pick em.
--- In vpFREE@yahoogroups.com, sibercat <glenbob@...> wrote:
brumar said:
>Take the Las Vegas Sands Corporation for example. One year ago
the
LVSands stock was selling for about $148 … Friday it closed at
$6.32.<
yes, the stock market is the ultimate gamble...On Oct 15, I tried
to short WYNN at $61. It is now at $36, which would have been a
$12,500 gain. My broker would not allow the short because they could
not borrow the stock. They could not borrow 500 shares, give me a
break...It would not surprise me to see WYNN at $6.00 soon, like
LVS.....
GB
--- On Sat, 10/25/08, brumar_lv <brumar_lv@...> wrote:
From: brumar_lv <brumar_lv@...>
Subject: [vpFREE] XVP: Do You Like To Gamble?
To: vpFREE@yahoogroups.com
Date: Saturday, October 25, 2008, 1:50 PM
One of the good things about VP is that we can fairly well predict
our
overall results over time. So, although we call it gambling, it
can't
hold a candle to the stock market.
Take the Las Vegas Sands Corporation for example. One year ago
the
LVSands stock was selling for about $148 … Friday it closed at
$6.32.
CEO Sheldon Adelson owns about 68% of the 355 million outstanding
shares. Thus, the value of his 241 million shares has dropped
from
$35.668 billion a year ago to $1.523 billion Friday …a "paper"
loss
of
$34.136 billion. Plus, he loaned $475 million to his company
earlier
this month, to prop up the finances due to debt covenants, and
hopes to
soon get new billion dollar loans from Asian banks.
Meanwhile, he's proceeding with a $12billion project in Macau, a
$4billion project in Singapore, a $800million project in
Pennsylvania,
and has just begun paying off his Palazzo debt.
So, if you want to gamble on a casino stock, this may be a golden
opportunity.
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