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ET Fan: It may be a simple question ...
... but I'm not at all sure Double21 knows what he's asking!
He said: This is a practical issue for those of us who rely on blackjack winnings for income!
Since he's relying on winnings for an income, I really don't think he intends to make ONE withdrawal, then play forever after with zero withdrawals! How practical is that? I really think he wants to make withdrawals every time he doubles in perpetuity.
I completely understand MathProf's caution. This is not discretionary income for D21. He is relying on blackjack winnings for income.
ETF
> This is really too easy for MathProf to not
> understand, so I don't know what all the
> fuss is about. I would estimate that the
> original 3% has to be increased to at least
> 4-4.5%, and 5% wouldn't surprise me.
> Basically, all we want to know is of the
> 97% who reach $2,000 and continue forever,
> how many would have tapped out when their
> $2,000 slipped back to $1,000, if they had
> been deprived of the extra $1,000 cushion
> that they had and went bust instead of
> bouncing back up and making their fortune.
> VERY simple question, no, MP?
> Don
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