User Tag List

First 34567 Last

Results 41 to 50 of 81

Thread: Seriously.

  1. #41
    Freshman Member simulatedworld's Avatar
    Join Date
    Nov 2008
    MBTI
    ENTP
    Enneagram
    7w6 sx/so
    Socionics
    ILE
    Posts
    5,554

    Default

    Quote Originally Posted by LostInNerSpace View Post
    You have to replace the urge/need with something else to overcome your addiction. You need to replace that adrenaline high.

    First you have to realize that there is no way you will make money from gambling at the casino. You will always lose money in the long run. This is why casinos make so much money.

    In the casino the odds are stacked against you. One possible alternative might be to take up trading. Traders are essentially professional gamblers. If you are going to do that, you should commit to learning how to do it properly. You have to learn risk management. You have to give up your old gambling ways and learn how to trade with a plan and with discipline. You have to learn how to calculate the odds and how to determine how much you are willing to risk on any given trade. It's highly advisable to learn in a free practice account. Don't expect to be profitable for the first couple of years while you are learning.

    I also highly recommend reading this book:

    http://www.amazon.com/Statistics-4th-David-Freedman/dp/0393929728/ref=pd_bbs_sr_3?ie=UTF8&s=books&qid=1230335107&sr= 8-3

    It's the most accessible guide to probability and statistics you could imagine. There are almost no formulas in the entire book. It will give you an appreciation of just how futile gambling in a casino is.

    If it helps, picture the casino bosses laughing at you. Ha ha ha, look how stupid these people are putting money into our machines.
    It's *almost* true that there's no way to make money gambling in casinos. It's true of every single game they have except poker and occasionally blackjack. (Blackjack can only be beaten in the long term via a really good and discreet card counting system, but obviously they'll throw you out and smear your name/face to other casinos if they catch on to you.)

    Poker, though, is actually almost always profitable in the long run for the player who makes consistently better decisions. It's very possible to make a long-term profit playing poker in casinos, especially because there are so many tourists who are just blatantly bad and have no idea that poker is anything more than random gambling (just like all the other games in the casino.)

    The tourists are the most profitable opponents

    The key difference about poker is that it's the only casino game where you play against other players, NOT against the house. The house makes its profit here by simply taxing a small percentage of every pot played, perhaps 5%. This is called the rake, and it means that, in order for you to turn a long-term profit, your skill advantage over the other players must be big enough that you average more than a 5% return on your overall investment against them, but that's quite possible against bad opponents.

    Online poker works exactly the same way--the casino/website doesn't care who wins as long as the money keeps moving around, but the best players have a big enough statistical edge through skill that they turn a consistent long-term profit anyway.
    If you could be anything you want, I bet you'd be disappointed--am I right?

  2. #42
    DoubleplusUngoodNonperson
    Join Date
    Mar 2008
    MBTI
    Hype
    Posts
    2,078

    Default

    ^ he's not being serious, the whole thread is a fucking gag to take a piss on people

    I thought trolling wasn't permitted here? I wish it was... but I guess if you're subtle about it and uber popular with the mods like Nocaps is, it's ok!

    Good work, bro. I'll have the Something Awful forum goons slay a wookie in your honor!

  3. #43
    Senior Member LostInNerSpace's Avatar
    Join Date
    Jan 2008
    MBTI
    INTP
    Posts
    1,027

    Default

    Quote Originally Posted by simulatedworld View Post
    It's *almost* true that there's no way to make money gambling in casinos.
    You're right about that.

  4. #44
    no clinkz 'til brooklyn Nocapszy's Avatar
    Join Date
    Jun 2007
    MBTI
    ENTP
    Posts
    4,516

    Default

    Noz, clearly my character is too complex for you to tolerate or understand. You can blame it on the mods all you want but ultimately, you're going to have to face the fact that you're just not ready for this level of interaction.

    Perhaps you should watch more movies. I hear they lie in their truths and the opposite just plenty -- you could learn enoughabout real life there to get along here.

    Till then, go away.
    we fukin won boys

  5. #45
    no clinkz 'til brooklyn Nocapszy's Avatar
    Join Date
    Jun 2007
    MBTI
    ENTP
    Posts
    4,516

    Default

    Quote Originally Posted by simulatedworld View Post
    My INFJ roommate plays video games like 14 hours a day. Seriously though, when are we playing heads up poker?
    Heads up is balls.

    It's more fun to slaughter people en masse.
    I'm a tournament player.
    we fukin won boys

  6. #46
    no clinkz 'til brooklyn Nocapszy's Avatar
    Join Date
    Jun 2007
    MBTI
    ENTP
    Posts
    4,516

    Default

    Quote Originally Posted by LostInNerSpace View Post
    You have to replace the urge/need with something else to overcome your addiction.
    What you need to do is read a little more into context.


    You need to replace that adrenaline high.
    Why?
    First you have to realize that there is no way you will make money from gambling at the casino.
    False. It's really hard to win at the casino. It's not impossible.
    You will always lose money in the long run.
    Not if you quit while you're ahead.
    This is why casinos make so much money.
    How certain are you that it's not because of the drinks and expensive hotel rooms they offer?

    In the casino the odds are stacked against you.
    What am I an idiot?
    One possible alternative might be to take up trading. Traders are essentially professional gamblers. If you are going to do that, you should commit to learning how to do it properly. You have to learn risk management. You have to give up your old gambling ways and learn how to trade with a plan and with discipline. You have to learn how to calculate the odds and how to determine how much you are willing to risk on any given trade. It's highly advisable to learn in a free practice account. Don't expect to be profitable for the first couple of years while you are learning.

    I also highly recommend reading this book:

    http://www.amazon.com/Statistics-4th-David-Freedman/dp/0393929728/ref=pd_bbs_sr_3?ie=UTF8&s=books&qid=1230335107&sr= 8-3

    It's the most accessible guide to probability and statistics you could imagine. There are almost no formulas in the entire book. It will give you an appreciation of just how futile gambling in a casino is.

    If it helps, picture the casino bosses laughing at you. Ha ha ha, look how stupid these people are putting money into our machines.
    You remind me of one of those annoying mormons trying to sell me their bible and get me to go to church.
    we fukin won boys

  7. #47
    Senior Member LostInNerSpace's Avatar
    Join Date
    Jan 2008
    MBTI
    INTP
    Posts
    1,027

    Default

    Quote Originally Posted by Nocapszy View Post
    What you need to do is read a little more into context.


    Why?
    False. It's really hard to win at the casino. It's not impossible. Not if you quit while you're ahead. How certain are you that it's not because of the drinks and expensive hotel rooms they offer?

    What am I an idiot?
    You remind me of one of those annoying mormons trying to sell me their bible and get me to go to church.
    First of all, you started this thread with "I need help, I can't think of anything fun to do other than gamble."

    That seems a lot like addiction to me.

    It's true that it is not impossible to beat the house at certain games, blackjack being one. It's clear from your post, however, that you have no real appreciation of Probability, which is what you would need.

    If you go to the casino one time, win some money, and walk away. Pat yourself on the back. You've won. If you go an a regular basis, you will lose in the long-run.

    On reflection, I think it would be an incredibly bad bad idea for you to take up trading.

  8. #48
    The Black Knight Domino's Avatar
    Join Date
    Nov 2007
    MBTI
    eNFJ
    Enneagram
    4w3 sx/so
    Socionics
    eNFJ Ni
    Posts
    11,443

    Default

    He also huffs glue. Competitively.
    eNFJ 4w3 sx/so 468 tritype
    Neutral Good
    EII-Fi subtype, Ethical/Empath, Delta/Beta
    RLUEI, Choleric/Melancholic
    Inquistive/Limbic
    AIS Holland code
    Researcher: VDI-P
    Dramatic>Sensitive>Serious

  9. #49
    no clinkz 'til brooklyn Nocapszy's Avatar
    Join Date
    Jun 2007
    MBTI
    ENTP
    Posts
    4,516

    Default

    Quote Originally Posted by LostInNerSpace View Post
    First of all, you started this thread with "I need help, I can't think of anything fun to do other than gamble."

    That seems a lot like addiction to me.
    First of all, you started your post with failure to pay attention.

    That seems like ignorance to me.

    It's true that it is not impossible to beat the house at certain games, blackjack being one. It's clear from your post, however, that you have no real appreciation of Probability, which is what you would need.
    What exactly was it that tipped you off?

    If you go to the casino one time, win some money, and walk away. Pat yourself on the back. You've won. If you go an a regular basis, you will lose in the long-run.
    Again, wrong.

    Of all the people in the world who go to the casino, you don't think just one of them managed to win and keep winning?

    You're the probability expert. You ought to know this.
    we fukin won boys

  10. #50
    no clinkz 'til brooklyn Nocapszy's Avatar
    Join Date
    Jun 2007
    MBTI
    ENTP
    Posts
    4,516

    Default

    LINS, let's you and me go through a logic exercise.

    Let's say we both pool our money togther -- $500 each.
    We have $1000

    We bring all that money to Atlantic City and get $1000 in chips.
    We play a few games and we lose a bunch of money. We're down to $450.

    Then we win a hand. The payout is $650. Now we're at $1100.
    I send you to go cash in the $100, as we've promise eachother to never put any of our winnings back on the table.

    So we're back to $1000 in chips.
    We keep playing, and we get down to $350 and then we win another big game.

    Now we're at $1200. I again send you to cash out the extra $200.
    Back to $1000.
    But what's not kept in mind is that we have $300 out to spend on hookers and booze while we're there -- it's money we vowed never to put back on that table.

    So things go on this way, we're playing conservatively and smartly, and eventually our winnings spill-over enough times that we've got $1000 cashed out, never to land back on those tables. Now we can use those $1000 in chips however we like, and we'll be at least even.

    The problem with gamblers and gambling addicts are that they don't do it smartly.
    Just like you don't pose arguments smartly.

    You and the gamblers end up losing.
    Losing to people like me: the kind who do things smartly.

    And the meek inherit the earth.
    we fukin won boys

Similar Threads

  1. Taking things seriously
    By prplchknz in forum The Fluff Zone
    Replies: 15
    Last Post: 08-03-2008, 08:22 PM
  2. How Seriously Do You Take the Rep System?
    By heart in forum The Fluff Zone
    Replies: 61
    Last Post: 02-07-2008, 10:53 AM
  3. Taking MBTT too seriously
    By snegledmaca in forum Myers-Briggs and Jungian Cognitive Functions
    Replies: 26
    Last Post: 12-31-2007, 02:16 PM
  4. Serious health-related question
    By Langrenus in forum The Bonfire
    Replies: 31
    Last Post: 06-21-2007, 04:52 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Single Sign On provided by vBSSO