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Old 10-17-2005, 02:03 PM
Ulysses Ulysses is offline
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Join Date: Sep 2002
Posts: 5,519
Default Re: Negreanu\'s Folly?

[ QUOTE ]
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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