Re: Negreanu\'s Folly?
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Certainly this reduces their variance but what it really does is prevents them from going broke or taking huge losses.
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Uh, you're agreeing with me, Vince. The Casino is not going to take, say, a 60-40 edge for all of its money. That is too much variance for them.
Vince, you are correct that in this situation:
[Casino has $10 Billion in assets]
I put $10B on BLACK!
I put $20B on BLACK!
I put $40B on BLACK!
....
The Casino would go broke.
However, that really has little to do with the discussion re: short-stack vs. large-stack.
You should really bring these topics up in Other Gambling or Probability forums if you want people to explain the errors in your reasoning.
BTW, I take it that after my explanation you now understand why casinos don't want poker players to go broke quickly?
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