Leaving Las Vegas

Trading is often about how to take the appropriate risk without exposing yourself to very human flaws.
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gazuty
Posts: 2547
Joined: Sun Jun 26, 2011 11:03 am
Location: Green land :)

Today I’m leaving Las Vegas.

And sitting in the airport I am just struck by a thought that may help some deal with losses.

If you own a poker machine you would generally make money and occasionally payout. I think in Vegas the payout rate around 90% (I never play - it doesn’t float my boat as entertainment). So work for a small edge and then milk it relentlessly is the Vegas motto.

Hope the Christmas and New Year period is treating you all well. And I see that DALLAS has kicked off the Aussie Open thread. I’ll be home just in time.

Gaz

PS for some irony this morning at the Bellagio they were playing Steely Dan’s Do it Again as I wandered at 6 am to get a latte for the Mrs. good song and so ironic to play in Vegas given the clear themes.
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wearthefoxhat
Posts: 3205
Joined: Sun Feb 18, 2018 9:55 am

gazuty wrote:
Fri Jan 04, 2019 7:05 pm
Today I’m leaving Las Vegas.

And sitting in the airport I am just struck by a thought that may help some deal with losses.

If you own a poker machine you would generally make money and occasionally payout. I think in Vegas the payout rate around 90% (I never play - it doesn’t float my boat as entertainment). So work for a small edge and then milk it relentlessly is the Vegas motto.

Hope the Christmas and New Year period is treating you all well. And I see that DALLAS has kicked off the Aussie Open thread. I’ll be home just in time.

Gaz

PS for some irony this morning at the Bellagio they were playing Steely Dan’s Do it Again as I wandered at 6 am to get a latte for the Mrs. good song and so ironic to play in Vegas given the clear themes.
Have a safe journey back.

I'll be out there for the WSOP this year. They're celebrating their 50th year so should be fun.
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

gazuty wrote:
Fri Jan 04, 2019 7:05 pm
If you own a poker machine you would generally make money and occasionally payout. I think in Vegas the payout rate around 90% (I never play - it doesn’t float my boat as entertainment). So work for a small edge and then milk it relentlessly is the Vegas motto.
At the other end of the glitz scale, I once knew a guy with 2 crappy one-armed bandits on Skeg pier. The sort you think nobody ever plays. They paid for him to have 2 Caribbean hols a year and he'd collect the money every weekend during the summer season in 2 buckets.

Drip, drip, drip.
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Derek27
Posts: 23468
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

ShaunWhite wrote:
Sat Jan 05, 2019 2:52 pm
gazuty wrote:
Fri Jan 04, 2019 7:05 pm
If you own a poker machine you would generally make money and occasionally payout. I think in Vegas the payout rate around 90% (I never play - it doesn’t float my boat as entertainment). So work for a small edge and then milk it relentlessly is the Vegas motto.
At the other end of the glitz scale, I once knew a guy with 2 crappy one-armed bandits on Skeg pier. The sort you think nobody ever plays. They paid for him to have 2 Caribbean hols a year and he'd collect the money every weekend during the summer season in 2 buckets.

Drip, drip, drip.
I wouldn't mind owning a fruit machine that's been modified so that it never ever pays out. ;)
PeterLe
Posts: 3715
Joined: Wed Apr 15, 2009 3:19 pm

Derek27 wrote:
Sat Jan 05, 2019 6:20 pm
I wouldn't mind owning a fruit machine that's been modified so that it never ever pays out. ;)
[/quote]

Drop an Email to Fred done he may be able to help you there :D
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