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Old 07-25-2005, 12:24 AM
creedofhubris creedofhubris is offline
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Join Date: Oct 2003
Location: Rochester, NY
Posts: 35
Default Re: someone has a gambling problem

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However, they made loads more from "intelligent" players who mistaken believed they were playing with a nice edge and were in fact only breaking even, winning slightly or losing slightly, all the while way overbetting their bankroll, in short working with a very high risk of ruin. These kinds of players often have only a miniscule chance to dig out once they get stuck heavily and the casinos make a fortune from them.

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This is nonsense.

You can't make money on average by having a large bankroll and playing a 0 EV or -EV game. If someone overbets his bankroll against you, you don't win on average.

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Blackjack, when you count cards, is a +EV game.
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