Quote: (01-10-2015 01:53 AM)Peregrine Wrote:
Even though a fair coin's probability of turning up heads is 50/50, streaks of heads after heads after heads can and frequently do happen. Does that mean the probability is not 50/50? No. Just because your grandparents may have stayed in the black after decades of play does not invalidate the fact that slots are negative EV (like every other game in the casino).
I'm not saying don't play slots. Heck, I bought a bunch of lottery tickets on the way home from work today. Those are basically the definition of a statistical waste of money. Don't care, it's not a lot of money and I got to daydream about what I'd do with X million dollars. Same with the casino - I gamble even though I know it's negative EV. Cost of entertainment.
But when a datasheet has demonstrably incorrect information, someone should say something.
Like I said many times, you guys need to lighten up.
You are taking this stuff way too serious. You guys act like someone is going to read this datasheet and put their entire life savings into slot machines.
Don't play slots, I am ok with it.
I related that some of the stuff CR mentioned was similar to what my grandparents did for a long time. They always maxed their bets and a minimum 1k. It worked for them. You can throw all the stats you want and disbelieve that my grandparents were able to gamble this way for years on a retirement pension.
I do agree with your attitude towards gambling. I see it the same way as well as my grandparents. This wasn't something they were trying to make a full time income from. It was for entertainment.
This thread is going around in circles now.
Now I need to get a resume together because the stats say so.
Edited: Sorry Peregrine, I shouldn't have said you guys. I didn't think you were blowing this out of proportion but do think some of the other posts and the back and forth is getting a little absurd.