Most Royals in 24 Hours?

[Frank Kneeland]

2000 hands in an hour? 1 hand every 1.8 sec? If i were wealthy i'd bet you on that one.What I was trying to impart was that when I said "1 hour" what I meant was, "a very short period of time".  Not that I played 2000 HPH. If you remember my original post I said, "Seems to me I remember" as the opening for the post. I was trying to put across that my memory of the event wasn't perfect. It was many years ago. I don't open posts about things I'm certain with, "Seems to me I remember".How ironic is this, there is dispute on the exact particulars of an event I don't remember completely...and never said I did. If you argued that it was closer to two hours, I could not dispute you. I just remember it as being a very short stretch of time. If saying "1 hour" seems like an exaggeration, it probably was. Too long ago to know for sure. How about this: More than 1 and less than 3.I left out the funny part. I was playing to hit a high set of progressive 4 Aces that was up to $450 on a bonus poker machine (reset $200).  All the RF's were hit at near total reset. The special deal I had with my partners at the time was I got to keep as a bonus, anything on the RF meter above reset. Which means all these reset Royals netted me nothing. It was actually quite annoying. Imagine having to tip 5 times as much money as you were getting paid yourself.My earn for this day was less than $300. My partners were very happy though.~FKStill want to send you a book. Email me.

[Frank Kneeland]

I understand and thank you. I consider this issue closed and look forward to more input from you in the future here. I have one question if you don't mind, and I've never asked this before anywhere even though i've tried to remember to do it. it seems many name players or those who consider themselves to be ap's all of a sudden jump out of their seats when the word gambling comes up to describe what they're doing. I say this because i got the former impression from you in one of your replies. They always say they are not gambling but either working or trying to add to income or something less ominous-sounding. To me that's just a cover-up for gambling, and probably unsuccessfully to boot. Why else unravel? i look at the obvious definition of gambling in order to come up with my amateur conclusion. Doesn't matter who you are, if you put money into a machine, push a button to make a bet not knowing if you will lose the money or if it will give it back to you and more, you are gambling. No sugar coating can change that. i think the button says "max bet" on it for a reason. Do you agree?Do I agree? Oh my yes. Though now others on this forum will likely take issue with me for saying so. When you get the copy of my book I'm hoping to send you, please read, "Is Professional Gambling, Really Gambling?" (Page 240).I think you will find we are very like minded.The quote, "Methinks thou dost protest too much" always popped into my head, when people tried to argue this point with me in the past. It stems from something called cognitive dissonance.~FK

[brmcc74]

"VERY" possible?
 very Possible.....................although not very probable

[shadowman]

it seems many name players or those who consider themselves to be ap's all of a sudden jump out of their seats when the word gambling comes up to describe what they're doing. I say this because i got the former impression from you in one of your replies. They always say they are not gambling but either working or trying to add to income or something less ominous-sounding. To me that's just a cover-up for gambling, and probably unsuccessfully to boot. Why else unravel? i look at the obvious definition of gambling in order to come up with my amateur conclusion. Doesn't matter who you are, if you put money into a machine, push a button to make a bet not knowing if you will lose the money or if it will give it back to you and more, you are gambling. No sugar coating can change that. i think the button says "max bet" on it for a reason. Do you agree?
Not really, I think you're looking for a black and white definition which is rarely correct in the real world. Is investing in the stock market gambling? How about jobs that pay on commission? How about casinos themselves and their employees? In fact, there are lots of occupations where there are risks (not always monetary). I would place AP in a similar light. Sure there are risks, but for those who work to find the largest edge, the risks are small. The difference I see is that APers "expect" to make money. Others "hope" to win. One could easily state that anytime you have the odds on your side you are not truly gambling.  

[backsider]

shadowman, i have to assume you are an ap? Investing in the stock market has intrinsic value, and most of the time it is not an expected, or actual, loss given it's history. Part of the reason we diversify our portfolios is to take the gamble out of the equation. Sometimes yes, if we jump in on a single stock or two without a track record then that's what i consider to be a gamble. But it is not the norm. Commissioned jobs? Not a gamble for people who are experienced in their fields. But i do see your point, and thank you.

[shadowman]

shadowman, i have to assume you are an ap? Investing in the stock market has intrinsic value, and most of the time it is not an expected, or actual, loss given it's history. Part of the reason we diversify our portfolios is to take the gamble out of the equation. Sometimes yes, if we jump in on a single stock or two without a track record then that's what i consider to be a gamble. But it is not the norm. Commissioned jobs? Not a gamble for people who are experienced in their fields. But i do see your point, and thank you.
 Yes, I consider myself an AP and I'm one of those dudes who has won 12 out of the last 13 years. I've also lost over $10K in a single quarter during one of those winning years. However, those who work on commission also have bad spells from time to time and the key is exactly what you wrote ... "Not a gamble for people who are experienced in their fields."

[New2vp]

Interesting point, shadowman.  You could have also listed the decision to purchase or not to purchase certain levels of insurance or warranties on products.  Even when there is a choice of deductible or coinsurance, there is a "gamble."How about more important gambles than gambling with money?  The decision to fly or drive or even to leave one's house generally is a gamble that has to do with different percentages of injury or even life or death as a result of the choice made.In determining how much of a gamble a decision is, frequently we need to know not only whether you have an "edge" on the decision being made, but what the other characteristics of the probability spread are.  Knowing the variance of a particular choice is often as important as the expected value.This is just one of those subjects where people like to put a pejorative label on something to bolster their particular opinion.  It is difficult to think through all the ramifications, so this shorthand "analysis" helps many to assure themselves that they indeed have a monopoly on what constitutes a correct idea while others around them must be wrong.As you said, things are often not "black or white."  When they are "gray," having an open mind AND a basic understanding of probability allows some to determine the shade of gray that is likely to be closest...or at least what range of shades have the best chance of being correct.  By my observation, that is a rare quality, but an interesting one to seek out.But...if we all thought deeply before we spoke...or posted...there would be a lot less to read or comment about...here and on other blogs.

[shadowman]

New2vp, I have often used the driving (or flying) analogy. As you indicated, all of life is a risk in one form or another. Even not driving or flying has a risk associated with it (in home invasion, for example). Of course, these risks are low but so are the risks of losing over time with a large edge playing VP.

[backsider]

Maybe the fact that in a casino we are betting money playing games, and not performing daily duties that are a part of our everyday lives such as driving and flying, is why in a casino it's called gambling. I suppose everything we do and decision we make can be labeled as some kind of gamble. 

[spxChrome]

I certainly would be more likely to buy a book from someone who I surmised to be incredibly skillful than incredibly lucky, since I might be able to learn to be more skillful but I doubt if I could learn to be luckier.

 
Wait there is skill involved with Poker?
 
 
 
 
THIS CHANGES EVERYTHING!