The Gambler's Fallacy...

[paco13]

I can't speak for Phil, But I believe by "We" he was referring to his wife and himself.

[alpax]

I too understood "we" as his wife and himself.

Part I did not understand was "We want our casinos to make money because we want them to survive." when FP was professing in the past that casinos will not survive if everyone started playing cheap.

[FloridaPhil]

[quote=BillRyan]I love it when someone says they cant speak for others but then goes ahead and tells us what we want.
[/quote][quote=paco12]I can't speak for Phil, But I believe by "We" he was referring to his wife and himself.[/quote]Of course.  We seem to have one member of this forum who believes his only purpose is to negatively critique every post made by anyone he doesn't agree with.  This instigates conflict and is the motivating factor in the long drawn out word wars that we are trying to eliminate.  To reduce this activity,  I asked for and received a separate forum hoping to stop this behavior.  After no one takes the bait on the Strategy Forum, he moves here and tries all over again.  Unfortunately, I have unfairly received much of the blame for these fights.   While I may find it entertaining, most other forum members do not.

[Waiting4RF]

I like how they explain in the video that you will lose with a 100% return game because the casino has more money than you.

[FloridaPhil]

I think the threat of busting or running low on money is the main reason players lose money playing VP.   You go to the casino with good intentions.  You play a good game and you have learned and can execute good strategy.  All goes as planned until your wallet starts to get light.  You panic and switch games.  You may switch to single coin.  You may even run to the high limit room in an attempt to catch up.  This panic activity most likely makes things worse and you go home with empty pockets again.  Like Mike Tyson said "Everyone has a plan until they get punched in the face!"

[billryan]

So,in essence, Phil is saying people lose because they lack discipline, yet constantly argues that discipline isn't needed because ,after all, it's just for ****s and giggles.

My niece is taking drivers ed. She says the instructor says she's a good driver,only she doesn't pay enough attention.

Different games, same results.
Very few people can be successful in life or almost anything without discipline.
Video Poker is scarcely the exception.

[FAA]

Like Mike Tyson said "Everyone has a plan until they get punched in the face!"--------------------------------------------------------------------------------------------------------Really? At least give me credit for quoting this on the forum several times. SMH.

[FloridaPhil]

[quote=BillRyan]So,in essence, Phil is saying people lose because they lack discipline,
yet constantly argues that discipline isn't needed because ,after all,
it's just for ****s and giggles.[/quote]OK how's this?  Discipline is not required to play VP, but I think it's a good thing.  Few have enough, although many claim to.   I struggle with it.  What I said was I believe the threat of running out of money causes players to do things that cause them to lose more money than if they if didn't do them in the first place.  You can draw your own conclusions. [quote=FAA]


Like Mike Tyson said "Everyone has a plan until they get punched in the face!"--------------------------------------------------------------------------------------------------------Really? At least give me credit for quoting this on the forum several times. SMH.[/quote]Mike's quote is used all over the place.  I believe what is actually said was "Everyone has a plan until they get punched in the mouth."  If you are the first person to post his quote on this forum, you should get the credit.

[billryan]

I will simply say that to have any chance of being successful, one needs discipline.
The discipline to play only good games, the discipline to play sober and the discipline to stay on budget.
If a person doesn't care about being successful and wants to exchange his money for the " thrill" of sitting at a video poker machine, I concede discipline isn't needed.
With that said, discipline isn't something you inherit.
It's something one acquires with work. Few people have perfect discipline. I certainly don't, but I'm an awful lot better at it than I was two years ago,and hopefully not as good as I will be two years from now.

[FloridaPhil]

[quote=BillRyan]I will simply say that to have any chance of being successful, one needs discipline. The discipline to play only good games, the discipline to play sober and the discipline to stay on budget.If a person doesn't care about being successful and wants to
exchange his money for the " thrill" of sitting at a video poker
machine, I concede discipline isn't needed.With that said, discipline isn't something you inherit.
It's something one acquires with work. Few people have perfect discipline.[/quote]If you gauge your VP success purely in terms of making a profit, I agree with everything you stated.  Most players don't wish to or can't do what it takes to attempt making a profit  playing VP.   I know I don't.   For me this would mean flying to Vegas to play or staying home and playing at a denomination that I am not comfortable with.  It may also mean playing a game longer than I am physically able or struggling with playing 100% computer perfect.  I realize my limitations and there is no way I can win that battle.   My best option is to enjoy VP as "fun", absorb the cost as an entry fee and play as small as possible so I don't fret about my losses.  We don't believe we disagree as much as you may think.  We just have different motivations.