The New Brian

[johnp158]

Good point. It would be different if you were proposing this as a surefire money-making scheme. It's definitely your choice. Good luck.

[Talking Poker]

For the record, I have no problem at all with the plan or the gamble or whatever you want to call it.

My problem with this is losing $300 and then saying to yourself "Well, I only lost $5." No....... you lost $300. As soon as you HAD that $300 (which you currently do not, but let's assume you do get it), then it is your money. And when you lose it, it doesn't matter where it came from - it was still worth $300.

No, I don't think of car and house payments when I am playing poker, but when I lose, I don't pretend that it was money I didn't have.

If I won $1 million in Aruba and then lost $900,000 of it playing craps, while my net win for the trip was still $100,000, the fact remains that I lost $900,000 playing craps.

The betting on red thing is a good example. Let's just say you make a $25 bet on red, and you win. Now you've got $50. And you have 2 choices: Bet it or don't bet it. If you bet it an win, you now have $100. Same decision. So you let it ride and double up again to $200. You win a few more times too and the stack in front of you keeps growing:
$400
$800
$1600
$3200
$6400
$12,800
$25,600

At this point, you are feeling pretty good... in fact, you feel like you are on top of the world. You decide to cash out and go home and have your wife coat herself in honey and roll around in a pile of $100 bills.

Halfway to the cage, you decide, "Oh, what the heck - one more time" and you go bet it all again and lose it.

So.... how much did you lose? Yes, you lose a net total of $10 for the night. But you had over $25k in your hand. So IMO, it's stupid to pretend you only lost one $10 bet.

Yes, this was money you had won, but it doesn't matter. You bet $25,600 on red and it came up black. That's a fact. This is no different at all than if you withdrew $25,600 from your bank account and went and bet it on red.

If you can afford to lose that money and don't care, then that's fine... go for it. But don't fool yourself and pretend you only lost $10.

[SirFWALGMan]

Ok. I agree. I will have lost $300. However, I will have risked only $5 of my bankroll for an experiment and possibly a nice, huge, gain. It is a gamble. In a sense it is less of one than one might think since I have done it twice before with positive results.. still, I would agree it is slightly better odds than red. Its alot better than black 17 though.

[Talking Poker]

Wait.... $5? Aren't you already in for $15 and counting? You said you had played 3 MTTs, but you didn't say what the buy-ins were.

[SirFWALGMan]

I am playing MTTs anyways. I do not consider any loses or wins under $300 as part of loses or wins in this experiment. I want to play the MTTs because I have been doing well in them. Even if I was not earmarking one of these for my experiment I would be playing them.

[2Tone]

I know what I'm doing this weekend.

[ChipFish]

I wonder if $5 bills would suffice?
Probably not

[Talking Poker]

Depends entirely on how hot the lady in question is.

[ChipFish]

Probably not then.

[SirFWALGMan]

She may be homely but she has more culture than all of you put together.. it would definatly take $1000 bills at least!

[ChipFish]

My offer still stands to buy a % of your tilt.