On Tue, 23 Sep 2003 16:15:37 -0700, "IanWHarmer"
<IanWHarmer@charter.net> wrote:
>The assumption is that what can happen in a million or a billion outcomes
>can happen any minute and therefore all casino games must be considered
>unbeatable (unless you count cards at blackjack, of course!).
>
>You need to pay serious attention to this level of probability if you plan
>to devote the rest of your life to gambling. But since 1,000,000 bets is
>around a decade of continuous play for a fulltime punter (assuming time out
>with me that Parlay+Plus gives you a much better shot than flying by the
>seat of your pants.
This is one of those statements that system sellers love to use to
defend their selling of crap.
Testing a zillion outcomes is not supposed to provide the results of
just one person's lifetime of gambling - it represents the results for
every gambler that ever placed a bet on any particular game.
The end result will no doubt show that a certain % will lose
everything then a group will lose 90% ...80% ....70%.... and a few
fortunates will not only not lose anything but they will temporarily
actually win some until they bet some more and probably join the
loser's list.
Luck will determine the outcome no matter how fancy your over-priced
piece of crap costs. Some people will lose from the outset and others
will be more fortunate to 'survive' for longer.
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