RNG Questions

[FloridaPhil]

When this derailment and bickering started was when the following comment was made by someone:

Here's a better plan. Buy Apple stock (AAPL). Own it. Don't sell it. How would you feel if you made a 6% profit from your video poker? You can earn that return from owning pieces of solid companies like ATT while sitting at home. Of course you wouldn't have the enjoyment of hitting a royal.

What actually happened was a member commented on the forum when the market hit a new high last week. My comment about ATT was not about taking big risks. ATT pays a 6% dividend for doing nothing but owning their stock. Millions of retirees own this stock for that very reason. The risk is ATT may go out of business or may not be able to pay their dividends. I compared a 6% return to waiting for a RNG to produce a royal flush. This seemed like a plausible comparison to me. I am not a broker or a financial consultant. I can refrain from giving investing advice on this forum.

I am a Florida real estate agent. My license has been voluntarily inactive since last fall. My wife and I along with her other agents have sold over 60 million dollars in homes and land. I can refrain from giving real estate advice on this forum.

I have been an entrepreneur since 1969 and a computer programmer since 1980. I founded three separate companies. I started with Basic Assembler and ended with PHP. I have consulted for Fortune 500 companies and Governments. I can refrain from giving business or programming advice on this forum.

I am a former professional tournament fisherman. I have traveled all over the world in search of game fishing opportunities. My passport looks like a travel brochure. I have written many articles for numerous magazines and newspapers. I can refrain from giving fishing advice on this forum.

I am a husband of 54 years married to the same lady. I am also a father with three grandsons and one great grand daughter. None of them play video poker. I can refrain from giving family advice on this forum.

So what are we allowed to talk about on this forum? How to beat the casino. I don't know how to do that, so I will refrain from talking about that too.

When I learn something worthy of discussion, I'll let you know.

[Webman]

You are actually welcome to talk about all of those things, in the appropriate place.

For example, to discuss fishing, you could start a topic about fishing. You could even say "I went to _________ last weekend. I played some video poker there and I also went fishing."

There would be no objections and it would probably be a lovely discussion.

[OTABILL]

FP, I for one have no problem if you want to talk about stocks, fishing, cars, or tiddlywinks for that matter as separate topic. What Webman is pointing out is that those subjects do not belong in this discussion. Lets keep the commentary on track for the topic at hand, in this case, RNG. That is the issue.

[billryan]

If you want to have a stock thread go for it. Just don't sprout things like you will get six percent return by buying a stock. It might happen. Might not. Most economist think a recession is.coming. Recessions bring opportunities.
I'm currently researching daily newspapers from 1891 for unrelated reasons, but I've been following the stock market for that year. The top stocks are almost exclusively railroad stocks. Most of those companies no longer exist.
For many in my generation, we bought our first stocks thru programs set up for students.
My first stock was Sears, and then Pepsi. My family shopped at Sears, we had All State insurance which was owned by Sears. Our broker was Dean.Twitter, also owned by Sears. Sears Tower was the largest building in the world. It's future looked bright.
Suppose it's 1980 and you took a posters advice, bought Sears and sat back waiting to enjoy your 6% a year return. How's that working out?
Or the guy who choose to buy GM over some new fangled Apple company in Seattle. After all, Americans will always need cars. What could go wrong?
I'm always interested in new opportunities. Be they investments,promotions or vulturing.

[FloridaPhil]

Lets keep the commentary on track for the topic at hand, in this case, RNG. That is the issue.

Affirmative.

Here is my analysis of the facts regarding the RNG. The RNG is a continuous number counter. To be legal in a class III video poker machine, the numbers are selected totally at random. No one has knowledge of what the selected numbers will be in advance. No one can accurately predict what the selected numbers will be in advance. No one can do anything to affect the selection of the numbers made by the RNG. When you place a bet in a video poker machine, you are gambling that the numbers you pick combined with the numbers picked by the RNG will produce a profit. No matter how intelligent or skilled you are or how many hands you play, there is always a chance you will lose your money. Everything else about video poker is up for discussion.

[billryan]

Phil posts about ATT paying a six percent dividend as if it is a good thing. What he doesn't mention is ATT lost over 25% in value in the last cycle. While the market exploded since the election, ATT went the other way. If ATT doesn't drop it's dividend of $2.00 a share and the stock falls another 25%, that means ATT will now be paying a 12% dividend. That sounds great for new buyers but long term people would have lost 50% of their investment.
I bought ATT for its dividend. Since I turned sixty, I'm now cashing them out instead of reinvesting.
But I digress.

[Webman]

Enough with the stock market commentary. Let's move along now.

[FloridaPhil]

If you want to have a stock thread go for it.

I'll try not to. Here's how it relates to video poker.

Just so you know, I was in the stock market in 1980. I bought my first stock in the seventies. In 1984 I was working a computer show booth for one of my companies. I saw a computer called a "Lisa". It had the first computer mouse. I saw the potential in this little device, so I purchased some stock in that company. That company was Apple. I can't remember exactly, but I think I paid about $20 a share for the stock. Apple currently has a market cap of $1 Trillion, that's with a "T".

Since then, I have had some losers too. Video poker and the stock market both have risks. If they didn't, there would be no reward.

Unless Billy wants to continue, I'm done with the discussion of stocks.

[onemoretry]

Due to my CRS condition, I don't remember what RNG means.

[FloridaPhil]

Due to my CRS condition, I don't remember what RNG means.

Random Number Generator

A random number generator is a device that generates a sequence of numbers or symbols that cannot be reasonably predicted better than by a random chance. Wikipedia

Random Chance? Where's the part about Odds, Skill, Discipline or Bankroll?