Thread: Risk Free
View Single Post
  #11  
Old 16th June 2009, 07:26 PM
Chrome Prince Chrome Prince is offline
Member
 
Join Date: Jan 1970
Posts: 4,417
Default

Quote:
Originally Posted by Mr. Logic
The quote above reminds me of the blackjack dealer at a Casino who was telling me how every gambler playing blackjack could leave a winner if they just stopped once they were in front. I replied, "And what happens if they get behind right from the start and never get in front. At what point do they stop playing and cut their losses?"


That bit is actually true.
It's well known that many players would be in front most times they play, but because of the house percentage, the longer they play, the more likely they are to lose.
That's why "winners" [not counters] are given enticements and comps to come back.
Many blackjack players who hit a run hard, can easily make up for all past losses and be in considerable profit, but they don't stop, thinking this is the day.

I once turned $250.00 in $30,000 at Crown, and I'm barred because I took my winnings and didn't return for months.

They explained how big winners must return and keep turning over, or they get barred.

But that was a long time ago.

I think most people who quit while they're ahead can win.

When the run isn't there, you just need to be able to quit and save it for another time, those that don't won't ever be ahead, because the losses will outweigh the hard hits on runs.
__________________
RaceCensus - powerful system testing software.
Now with over 415,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 28/02/2025
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg
Reply With Quote