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Old 04-04-2007, 12:56 PM
restrikt restrikt is offline
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Join Date: Nov 2005
Posts: 1,312
Default Re: Anyone know who Gaucho staked in the FTP NL 200/400 game?

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Man, the thought process is incredible here. In your blog you wrote it was a terrible decision. Well in all honesty it was prob pretty close to neutral ev. It didnt work out so what. If I make what is a good bet and lose I'm happy.
I got my money in good and that's all that matters. I am frequently amazed that generally intelligent people are very bad at grasping gambling oriented concepts. Gauge the ev of a situation and forget about results. Even later when you say you won 23k, well I guarantee you ran very well. If you had lost you would be saying what a poor decision it was to play when you were upset

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I think everyone here is well aware of that.

I think the point is that it isn't wise to "gamble" at stakes you are not properly rolled for or capable of handling the swings of. I think you would agree that putting your entire life savings on a 60/40 gamble would not be very wise, no? Furthermore, if you lose that 60/40 gamble, you would be very very unhappy and upset, no?
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