When To Give Up?

[El_Hombre_Grande]

First of all, you need to realize that there are far more losers than winners. And its possible that you can't beat the game, but I doubt it. You probably have leaks.

1. Buy pokertracker and PAHUD. Choose a site that offers the best combo of bonuses, rakeback,weak opposition and pokertracker compatibility.

2. get a bankroll of about 30 buyins for whatever level you are going to start at, and start at a level you both afford and have a reasonable liklihood of beating. I know you need 20, but the 10 is for pissing away on bad play.

3. Play only one table to begin. If you cannot beat a level single tabling it, you will be a multitabling disaster. After you gain confidence and can beat the game for more than 5ptbb/100, add tables as comfortable.

4. Constantly review your stats and hand histories. Compare you stats to those of other winning players, but realize that you can't copy someone else's game, but you can and must learn from others.

5. Adding tables and moving up limits is a hit or miss proposition based on your comfort levels and abilities.

The fact that you play powerball is irrelevant. Good luck.

[Albert Silver]

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First of all, you need to realize that there are far more losers than winners. And its possible that you can't beat the game, but I doubt it. You probably have leaks.

1. Buy pokertracker and PAHUD. Choose a site that offers the best combo of bonuses, rakeback,weak opposition and pokertracker compatibility.

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Might also check out BonusWhores to maximize the bonus yield.

[a nonymous]

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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.

[MicroBob]

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.

[a nonymous]

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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.

[/ QUOTE ]
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.

[MicroBob]

I think almost everyone who plays powerball has some awareness that they are -EV even if they aren't familiar with that term.
They buy them and say, "I know I'm never going to win this thing."

You seem to be saying that the only regular powerball ticket purchasers who do not have gambling problems are the ones who are too stupid to realize they are a bad bet.

You act like OP buys these all the time and can't help himself.
He says he plays powerball 'occasionally' when he said that he never gambles on -EV games anymore EXCEPT for that.

Spending $2-$3 a week on powerball tickets does not mean he has a gambling problem.

I don't normally play -EV games either and I hate the freaking lottery. But occasionally when my GF and I are at a casino we will play roulette or 3-card poker even though I know they are -EV because she likes playing those games.
FWIW, she understands they are negative expectation games as well.

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

[indianaV8]

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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]

[spkid]

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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?

[Rainbow Warrior]

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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...

[freecard4all]

Post deleted by freecard4all