Quote:
Originally Posted by VP$IP
Correct
When the Odds Pendulum Refuses to Swing Back
There is no odds pendulum.
Really? You don’t believe there’s an odds pendulum? Okay, then lets get an impartial computer program to flip a coin a trillion times. I’ll bet you any amount of money that after a trillion flips the result will always be 50%, plus or minus 3%. And you bet that the result will always be outside the plus or minus 3% of 50%. Since you don’t believe in an immutable flow of mathematical probabilities, this should look like a really great bet for you. I only want 6% of all probable outcomes, while you get a whopping 94% of all potential results. Using your logic, this is a big big advantage for you. Please borrow as much money as you can and let’s get started asap.
On the other hand, if the poker room you work for is the one providing our coin flip software, then I absolutely agree for you. There will be no normal expression of mathematical probabilities, or odds pendulum, during each trillion flip session. From what I’ve seen, it will probably end up in the neighborhood of 80% - 20%, or even 90% - 10%. In fact, I would be shocked if it didn’t, at least when you’re flipping against targeted players with software similar to your poker software.
When I first realized what was going on, it surprised me that online poker rooms would be willing to risk driving away some players: the ones who could recognize that the deal wasn’t fully random, who would then quit in disgust. (I still don’t understand why they make it so obvious. I guess they really think we’re stupid.) But like PT Barnum said, “there’s a sucker born every minute.” So I’m sure they weighed their options and decided that it was worth losing a certain percentage of players, because there would always be plenty of “fresh meat,” people who didn’t do their homework and could therefore be taken advantage of.
There is plenty of information out there, both in poker books and from other sources. So don’t be a sucker. Make damn sure you understand mathematical probabilities - before you risk your money - so you don’t get screwed. These are concepts even an eight year old can understand. And unless he’s a complete dullard, even the clown who posted the above moronic statement knows he’s full of BS. He’s being paid to help make sure you never do believe in the math behind games of chance - PARTICULARLY ONLINE POKER!