Replies to post #2351 on A.I.M. Users Bulletin Board (AIMUSERS)

[RFH]

Now that sounds interesting! I am not a gambler by any means, and if I had a choice I would prefer roulette to black jack. It just seems like a much classier game, more in the "James Bond" mode. I'm off to Vegas in May, and I'll give the black jack system a run for its money, as long as the stock market continues to make me "feel" wealthy. However, if I start to lose considerable money in the market, as I did in that wonderful year 2000, I'll probably just chicken out and stick to the nickel slots.

Sincerely,
RFH

[Rien]

Hi RR Spore,

Unfortunately casino's have additional rules that stop any win theory dead in it tracks. Though at black-jack they cannot, however I am sure that they will oust you as soon as they discover that you use a winning system.
BTW: I am pretty sure that such a winning system would mean "hard work" instead of an "enjoyable evening" :-)

It's a bit like funds really. The funds for the small boy's (us) have so many rules to live by that they have a hard time making any money at all. (Why do you think funds compare their results to an index, instead of using absolute numbers?.) In stead, if you own the house (in casino speak), then you have access to funds (hedge funds) that are allowed to do all sorts of things. (In a lot of these funds, the fund manager is only paid IF the fund makes money, a nice incentive eh?)

Best,
Rien.

[Myst]

RR Spore,

Did you also notice this part:

The mathematics driving tactical trading are an exact solution to a two occurrence random walk called a Martingale (which was originally developed to play roulette and blackjack). The mathematics are exact and do not include probabilities; you know what the profit outcome will be before beginning to trade. Martingales on roulette or blackjack are of marginal value because of the 46% player win percentage. However, with sideways or trending stocks the win percentage can move to 50%, 55%, or higher. If you used Martingale mathematics and played roulette or blackjack with a 55% win percentage you could easily break the bank. With stocks, that's the general idea.

Myst


~Myst~