Re: Favorite Poker Room in Vegas?
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I think fishyak said it very well. In loose games you're bound to suffer some bad beats. If you play it properly you'll come out ahead in the long run though. Much like the edge the casino's enjoy on most games, it isn't an "if", it's a mathmatical certainty. Playing properly you'll still bet and lose some times, but if the pot warranted it, you still did the right thing. If someone offered to pay you $1.05 on your $1 bet that heads would come up on a coin toss would you take the action? You'd be crazy not to, right? Would the coin sometimes come up tails, costing you $1? Say in toss one you win the $1.05, and then three tosses in a row it comes up tails and you loose $3. Would you be crazy to keep playing in light of your losses, or would you be crazy to stop playing? Does the fact that you lost more tosses than you won right off the bat make the person that offered you those odds any less crazy?
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Excellent post and exactly the same example I give friends and family if ever asked about gambling, variance and the like.
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