I've now played 1000 hours and am 1 standard deviation down and that's being conservative. 1000 hours? There seems to be a major contradiction among different AP topics. People like to say risk of ruin is just a snapshot and that you must always adjust your bets in a downswing, but at the same time people say as long as you keep playing you will hit your EV. Why isn't EV a snapshot and once you lose you now have to adjust EV? The cards dont remember if you won or lost right? Remember what Grosjean said that 'due' adjusts itself in the denominator? You're never due to make it back, but what happens is you start hitting your EV each trip consistently enough to dilute the sample size. Let's say you had an original EV of 100k and you drop 20k at the start, your new adjusted EV will be 80k. There is a major contradiction going on in the AP community. People defend risk of ruin saying if you dont adjust you could go broke, but when they talk about EV they say you will eventually hit it. Shouldn't both be subject to adjustments?
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