Originally Posted by
marriedputter
I am in disagreement with both of these comments.
First, "getting even" is an emotional desire and can cloud judgement. You may "want" to get even with that casino, but the cards there do not remember what happened to you last time and variance can sway in their favor just as much as before. If you say this comment to yourself as a motivation to psyche you up for the big game so that you can remain optimistic, then so be it. However, if you are saying this as an expectation to win the next time that you play there, then playing may take an emotional toll on you and you will likely be vastly disappointed.
As to your other comment, how can you not worry about the pit? You shouldn't be so worried that you play in such a way that eliminates your EV, but you should be concerned about the one thing that you can't control.
I approach investing by looking at what I CAN'T control and develop a strategy from there. In the stock market for example, I know that I don't have control over which direction the market is going to go. I can study numbers and tell you what is likely a good company, but I can not calculate human madness. The only thing that I have control over in the stock market is how much I risk. Therefore, I use strategies based upon that. In card counting, I know that in mathematical terms, I have already won the game because I have done my due diligence through relentless practicing (Sun Tzu: Every battle is won before it is ever fought). I have 100 index plays memorized and play like a robot. However, I can NOT control humans (i.e. the pit). This is my worry. How can I do what I do and get away with it? They can end my upward trajectory in a millisecond.
Bookmarks