So Nakowa is playing again at JD? Didn't he say he would quit to play there?
I think the word you're looking for is "compulsive gambler".
IMHO he is not a ...........CG , he knows what he is doing
You're crazy if you truly think that.
sorry but You are one of many dreamers here in this thread IMHO (no offense), with no clue what is possible in 2013
Then please enlighten me...
As a student of gambling, and one who personally know people to have made and lose millions of dollars I heard it all already...Please share. What exactly is this "system" he has. Martingale? That's a losing one. Did he "create" it? It's a loser as well. As long as the house has an edge in the long term he losing.
The only "system" is a cheating one.
The only "system" is a cheating one.
Agree 100% and please let me add that one should never neglect the possibility of a cheat!
could You please explain what it means to be a student of gambling? You are welcome to explain it with a PM
thanks
No need.
Took classes in college. Know people in the industry. Gambling comes down to two thing: The odds and the payouts. That's it. As long as the payout is less than the odds you are taking, in the long term you are loser.
A simple example. Rolling dice. If you pick one number, the odds are 1 in 6. To be even and fair, a casino should pay out 6x your bet. But casinos are a business and instead may only pay out 4x. That payout is what gives the casino the edge. This dice game is no different, but they are giving nearly 1:1 for your money and most professional gamblers would go crazy for a 1% edge. Craps, Baccarat, Blackjacks (you can have a +1% edge if you know how to count cards and the casino owners can ask you leave) having the lowest edge are some of the popular games people play.
While Nakowa can potentially make a fortune and bankrupt JD, it's far more probable with the 1% edge the house he won't the longer he plays. But it's clear he's a compulsive gambler and as one, I know he is going to fall victim to one of the basic elements of human nature: greed.
He can't win forever, but he will continue to play. Ultimately he will lose.
Not ultimately. If JD has a bad luck streak, a 1% edge isn't going to stop them from going bankrupt. Saying that, at the moment JD isn't that deep in negative profit, so it will probably make it's profit back.
