Quote:
Originally Posted by Tankado
but then you write that even doubling your whole net worth putting 180k on the line with one bet wouldn't be a big score. Is this the paradox of a gamblers mind? (that no score would ever be big enough for more than a few days?
You're right in that I've made some inconsistent statements in this thread, but they were in response to very specific posts. I do have a consistent attitude, so bear with me.
I'd say it like this - if I'm playing short odds games, I have to wager an amount that matters *at the time*. I.e. If I have 40 in my pocket, and I need 35 for my taxi home, 5 matters *at the time*. It's kinda hard to explain to someone who is not a fellow degen, but the degens will understand.
As for my response to the poster who said "you might as well put it all on red", well, I will say this. It's not like I had 180k in my pocket at once. The loss was over a number of years. And yeah, sure, I mean, I could put it all on black/red, like that guy who was televised and ended up winning (they even took the zero off the table for him, 122k or smth I think?). It's not really the point though.
The point is, saying to someone who has lost 200k or so on poker and running at -10% "you might as well have put it on red" is a vacuous statement. It doesn't mean anything. It's not even advice. It's just an observation that -10% is worse than -5.25% (double zero) or something. It's just not something I wanted to engage with.