Originally Posted by
Dbs6582
I hesitate to comment on this topic since I'm relatively new...and I think there has already been some honest reflections by the main posters. There's a lot of intimidation on this forum that discourages different views. Some of it reminds of my junior high school days, where a couple bullies roamed the halls keeping everybody in check, and seemed to get a sense of self worth by putting others down.
Some of the posts I've liked the best are the ones by ZeeBara, probably because his playing style closely matches mine. I've found his posts on playing rated/unrated excellent. I didn't even know playing unrated was such a strongly held tenet of the blackjack community until I started getting on various bj forums this past year. I've played blackjack off and on for 20 years and read well over 20 bj books (I've read Don's Bja3 at least three times) so I understand the game. It wasn't until I started getting on these forums that I saw there are some things you just don't question. In some ways the orthodoxy in the blackjack community is almost stronger than what I've seen from fundamental Christians. It borders on cultism, where you're forced to get in line and not have an independent thought. If you get out of line or question a long held beliefs, you will be ridiculed endlessly by the "experts" and forum bullies.
I also thought the recent post by ZeeBara on "Why many players fail at attempting full time play" was excellent, especially for me since it hit home, as I'm sure it did for many other people who play at our levels, and who have full time jobs but enjoy playing on the side. But what did Freight feel compelled to do? Put him down, telling him he wasn't a pro and he'd fail as a pro. I thought what was the point of doing that? Zee has never claimed to be a pro. He stated that very clearly in his post, and in many others. He holds the mantel for us everyday red chippers...that the bullies on this forum seem to enjoy putting down. If you want to know why new people don't post much on this forum, read Freight's post to Zee today. I really respect Zee that he keeps posting with the onslaught of attacks he receives from the forum's bullies, just because Zee hasn't accepted the orthodoxy in the blackjack community.
I also thought the posts by Frieghtman and Ryemo (I always get a lot out of Ryemo's) were excellent. All were good and addressed a different audience. I wish there was more of this.
This is my first post since I got put down by Moses for my negative comments on Nicholas's article. Zee and some others also had some questions about his article. While I agreed with some of Nicholas' points, I thought he did a very poor job supporting them. He mostly pulled numbers out of thin air and then made comments like "...math based arguments" and "applying the informed estimates...". Who is the "informed"? As far as the casino industry being "poorly managed", I went to Yahoo Finance and MarketWatch to see if I could verify the point he was making. MarketWatch gives the 10 worst performing industries over the past 1 year, 2 years, 5 years, and 10 years. Guess what? The casino industry never appears. Many other industries do like Semiconductor, Steel, Mining, etc, but no casinos. I then checked the stock performance of Caesar (the casino stock Nicholas criticized the most) with the largest oil company in USA (ExxonMobil) over the past 5 years. Guess what? Caesar's stock performed better than ExxonMobil. I wonder if ExxonMobil hired some former casino executives? It's a joke guys. Don't get upset. How does Nicholas make his point that Caesar is poorly run? By saying Caesar had a debt to equity ratio of 417 to 1 at some point in the past. There are many reasons this happens at companies that I won't go into here.
One of the main reasons Nicholas believes casinos aren't doing very well is because they spend too much money on "game protection". How much money do they spend on this? You guessed it, "gobs". I went on the internet to try and find out how much "gobs" is. It's "a lot". That helped me about as much as "gobs". Lol. If someone is going to make the argument that the casinos are in trouble because they spend too much on "game protection", then doesn't it make sense they would give some numbers, like amount vs revenue or amount vs profit? At least something more quantifiable than "gobs".
The final sentence in his article made no sense and why it lost all credibility with me. He said "If this keeps up the casinos will continue to deplete its customer base and with no new gamers to take their place gaming will fade." What planet is Nicholas living on? I just listened to a podcast with Max Rubin where he said gaming is bigger than all pro sports (NFL, NBA, baseball, hockey) and the movie industry combined. Gaming revenue has increased every year here and worldwide. It is not fading, just because some casinos have put in 6:5 blackjack and have put the cut card in the wrong place. Their revenues have gone from 220 Billion in 2001 to 495 Billion in 2019, increasing every year. I think the main reason some casinos are struggling is because of competition and casinos are popping up everywhere. The market is over saturated with casinos. This has much more to do with it than because casinos aren't putting the cut card in the right place or they're spending too much on security.
I apologize if anybody knows Nicholas Colon personally. I'm sure he's a very good person. He just did a very poor job supporting his thesis. I also challenge everybody to go back and reread his article, but this time read it with an open mind, and not the mind of the already converted. I've read it at least 10 times and each time I find new things in it that make no sense.
This will probably be my last post on this site so I thought I'd put it out there. I'm not into taking abuse like Zee. This post got much longer than I had planned. Sorry about that.
Bookmarks