Re: When To Give Up?
 

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does everyone who has ever bought a single powerball ticket have a gambling problem?
I'm too lazy to do the research and will let you answer for me.

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No, but someone who knows they are -EV and buys them over and over again does. Maybe not a huge problem (yet), but certainly a problem.

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This is so absurd.

The EV I lose on a dollar a week is far surpassed by the change in life should I ever win one.

Taking a bet you know is -EV does not mean you have a problem.

Re: When To Give Up?
 

well you are nearing the first step to recovery- admission of your problem [img]/images/graemlins/smirk.gif[/img]

Re: When To Give Up?
 

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does everyone who has ever bought a single powerball ticket have a gambling problem?

[/ QUOTE ]someone who knows they are -EV and buys them over and over again does. Maybe not a huge problem (yet), but certainly a problem.

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it's -EV in terms of money but
it's +EV (well +++++EV) in terms of feeling.

Or do you dismiss all girls because they are definitely -EV in terms of money (well maybe except if you succeed as a gigolo [img]/images/graemlins/grin.gif[/img] - good luck then)

Re: When To Give Up?
 

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No, but someone who knows they are -EV and buys them over and over again does. Maybe not a huge problem (yet), but certainly a problem.

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As with everything, it depends upon exactly what you are talking about. For the average person who buys a couple every week, I think it's nonsense to suggest that that's problematic. If it were true that Warren Buffett plays Powerball regularly, then what? So you have to be more specific.

Re: When To Give Up?
 

I took my own advice and did some research.

I have come to the conclusion that I have no idea what I'm talking about.

Re: When To Give Up?
 

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i was very intelegent in school and math.

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how about English?

Re: When To Give Up?
 

Heck, if you want to become a winner, you should NEVER give up. Only when you give up do you become a loser.

Re: When To Give Up?
 

get real job. save money for roll. When you get decent enough roll, try playing for real.

repeat when necessary. If you only tweak out a little profit, keep working and enjoy your added income. Playing professionally is a pipe dream to most, but if you can eek out extra income using your superior skills and drive, then you should be happy with that.

Re: When To Give Up?
 

If OP gives up, I'm gonna throw a hudge myspace party.

Re: When To Give Up?
 

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If OP gives up, I'm gonna throw a hudge myspace party.

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Now that is funny!

Re: When To Give Up?
 

Why are you cashing out?

Starting from $100, you could build up to decent levels quickly. But only by using the money you win to move up levels.

If you keep withdrawing to drop down to 100, you will always be playing too small to even think about playing for a living.

On the other hand, everyone has a sweet spot for ROI. It may just happen that your sweet spot is playing $5 NL with a 100 roll. If that is the case, just play as a hobby and enjoy the $50/month or so you are profiting - and don't torture yourself about wanting to go pro.

Re: When To Give Up?
 

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i was very intelegent in school and math. usualy one of the top scores in my schools for the standerdized testing.

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I lol'ed at this line. [img]/images/graemlins/grin.gif[/img]

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I almost pooped and peed myself when I read this line. [img]/images/graemlins/blush.gif[/img]

Re: When To Give Up?
 

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Are we both gambling addicts? I guess we better seek help because we have lost way more than $2-$3 on those stupid games.

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MicroBob: You obviously are a gambling addict, look at your 2+2 post count. But don't seek help, just continue to give help [img]/images/graemlins/wink.gif[/img]

Re: When To Give Up?
 

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I think almost everyone who plays powerball has some awareness that they are -EV even if they aren't familiar with that term.


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This is more of a math question than trying to correct anyone. I always thought that progressive lotteries like the powerball do become +EV at some point. The powerball is actually a good bet sometimes, right?

So if the odds of hitting are say 100,000,000 to 1 and the jackpot is over $100,000,000 you have a +EV on a $1 ticket.

Here's the question: is it still considered +EV even though your odds are so small to hit since you will not live anywhere close to long enough to get enough shots at it?

Re: When To Give Up?
 

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So if the odds of hitting are say 100,000,000 to 1 and the jackpot is over $100,000,000 you have a +EV on a $1 ticket.


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You're missing one factor. If the odds are 100M-1 and the JP stays at $100M, yet 500M tickets are sold the chances of duplicate winners takes your EV way down...

Re: When To Give Up?
 

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i was very intelegent in school and math.

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o rly?

Re: When To Give Up?
 

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So if the odds of hitting are say 100,000,000 to 1 and the jackpot is over $100,000,000 you have a +EV on a $1 ticket.


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You're missing one factor. If the odds are 100M-1 and the JP stays at $100M, yet 500M tickets are sold the chances of duplicate winners takes your EV way down...

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Yes, I did miss this! So this is what makes a progressive lottery different from a progressive slot machine where there can be a a +EV. Since only one person can hit the slot machine at one time.

I though I read something in a Wong book about professional gamblers playing slots when the jackpot reaches a certain amount and that's where I got the lottery idea. But your point about multiple winners changes everything.

Re: When To Give Up?
 

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I took my own advice and did some research.

I have come to the conclusion that I have no idea what I'm talking about.

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omg..i seriously thought you were leveling the whole time. that is unless im being leveled again

Re: When To Give Up?
 

This may be a bit of a sweeping statement but anyone who has been playing regular poker for 3 years in low limit games and isnt winning, should really give up. If you see it as a hobby, of course keep playing, but I dont think you can be too smart to be honest.

Re: When To Give Up?
 

I deposit 4 years ago 50$ and played without reading a book. I never deposit again and was a winning player after 3 weeks. I play low stakes and dont make a million but it was enough for a few vacations, a sport car, and a bit mone for the stock market........so my advice GIVE UP

Re: When To Give Up?
 

Playing part-time is just much more enjoyable. If you put half of the effort into a professional career as you would need to be successful at poker, you will defintiely go places. If down the road you are doing very well at poker you can gradually step it up until you can play full time. Don't forget that at some point you are going to want the benfits that come with a job including a retirement plan, helath benefits, paid vacation etc. At your age these things don't seem to matter but as you get older you will realize how important they are.

Re: When To Give Up?
 

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What is a good deadline to either make it(it = a decent living) or give up. i've been playing for 3 years now. and although i no longer lose money, i dont realy make much either. is there a general timeline for if you haven't yet, you probably never will? what are your thoughts on this? how long did it take you?

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i used to burn through small deposits really quickly a little over 2 years ago. for some reason i decided to toss a few bucks into a Pot Limit Omaha High/Low game, I ended up busto-ing, but was captivated by the game. the next time I deposited I played primarily O8 and also a little bit of Stud High/Low (having read some books), I worked $50 up to $500 on a serious rush but busto-ed again because I lacked some fundamentals.

Finally, I deposited $200 onto PokerStars, started off at small stakes PLO8 and have been beating the mid-stakes games pretty consistently since then.

I don't know if this will help you, but I think I understand the dilemma. Maybe you try learning some mixed games also. You need to be studious and disciplined to beat any game though.

Re: When To Give Up?
 

Also, if you're really serious about improving you can obviously find a coach or join a subscription service.

Re: When To Give Up?
 

to be honest you should probbly just concede that poker isnt right for you. If you havent beat the low limits after 3 years then its probably not worth it. By all means play for fun, but just leave all ideas of making money aside

Re: When To Give Up?
 

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The fact that you play powerball is irrelevant.

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No it's not. This guy has a gambling problem and shouldn't be playing poker (even if he could beat the game).

Do some research.

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(censored) me. This is the dumbest thing ever stated. So everyone who has bought a lottery ticket is destined to ruin their life through gambling? Please, we are all just a little dumber for having heard your theory.

And I'll give it all the research it deserves.

EV of feeling *DELETED*
 

Post deleted by freecard4all

Re: EV of feeling
 

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This is more of a math question than trying to correct anyone.
...
Here's the question: is it still considered +EV even though your odds are so small to hit since you will not live anywhere close to long enough to get enough shots at it?

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It's not math question, it's psychological question.

(1) what is the EV (in terms of feeling) of having $1?
(2) what is the EV (in terms of feeling) of having $1.000.000.0 (or one zero more)

1st is about 0 EV for me. I don't care about $1 (well that's the price of one hamburger, one cola, one ice-cream, one bear). Do you really care about one bear? I don't.

2st is WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO to me. I could do everything I want. I would have never ever work and I would live in luxury for life. I would bought some Ferrari Enzo and live as a king.


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Even if I consider $1 is $1 EV for me then having 100.000.000 is waaaaaaaayyyyyyy more than 100.000.000 times the $1 EV.


Get the point? I don't care if I lose milion times one dollar (I mean a dollar per week). But hell I do DO DO DO DO DO DO care if I win milion dollars in ONE SIGNLE SHOT.

In fact it's ++++++++++EV+++++++++ for me even to think about it [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/grin.gif[/img] [img]/images/graemlins/grin.gif[/img]

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edit// what I mean: one ticket is equal to one bear or one cola. If $1 means so much for you then you don't need to buy that one bear. Price of the ticket is the same price as the price of the bear for about the same good feeling (except you can drive after one ticket;)