Egoism
Individualism
Sovereignty
Splendor

(These ideas are explicated in this sloppy manifesto)

Saturday, December 27, 2003
 
BetterVegas: Poker 'win' up 12.2%--but that's not the best news...

From the Las Vegas Review Journal:
One of the biggest trends in casino gaming is the emergence of poker as a profit center, Rubin said. The Barona Valley Ranch Casino, a San Diego tribal property he consults for, recently doubled the size of its poker room.

Rubin said the entire casino industry is amazed at the recent growth in poker, crediting the World Poker Tour and Internet poker sites for fueling the boom.

The trend applies to Las Vegas and everywhere else, he said.

'Poker is the monstrous trend right now,' he said,. 'We had hoped to break even (on poker) but we're making a lot of money. Poker's caught the public's imagination. They can see on TV that it's not all math whizzes winning.'

Nevada's 56 casinos and clubs that offer poker won $65 million on the game during the most recent 12-month period that ended Oct. 31, a 12.2 percent increase.
The house doesn't actually win anything at poker. The house is not a player in the game. Its profit comes from taking a small rake on each pot. In this respect, casino poker is a negative-sum game, like all casino games--the amount of money taken away from the table by the players will necessarily be smaller than the amount brought to the table. But unlike all other casino games, poker is a positive-expectation game, which means that a skillful player can show a net profit consistently and in the long run, all without violating any laws or getting kicked out of the casino. You have to be good enough to beat most of the other players, of course--and derision of "math whizzes" is not a good strategy in the service of that goal. But you also have to be good enough to beat the rake--an indefatigable "math whiz" of an opponent. But both of these things can be done.

Poker is a game that can actually be beaten--unlike every other game in the casino. The rest of the quoted article is concerned with the means by which unbeatable Las Vegas games are becoming even more unbeatable. When you walk throught he casino, you'll see the slot players over here and the blackjack players over there. There's a crowd around the roulette wheel, and the craps tables are mobbed with people whooping and shouting. None of those people are "math whizzes," I promise, but they're all having a good time and every one of them will leave a huge amount of money behind.

And for this reason, poker is only the second-best game in Las Vegas. The very best game in Sin City--positive-expectation, positive-sum and positively perfect at least until the very last Baby Boomer dies of old age--is gaming stock issues. Las Vegas was packed for Christmas! (One refrains from saying, "For Christ's sake!") The "math whizzes," at least, know on which side of the gaming table the 'win' is to be found...


Thursday, December 25, 2003
 
Merry Christmas! (at last...)

I've been flat-out busy (which is good) and Cathy did all the Christmas shopping (which is even better). But in consequence, I haven't myself felt much like Christmas. Sunny Arizona doesn't help, of course, and I haven't so much as set foot in a mall since Thanksgiving. I haven't written the annual Ramblin' Gamblin' Willie Christmas story yet, even though this year's is going to be a real show-stopper. Cameron had a sweet violin solo last night at Mass, but not even the Mass itself put me into that Christmas Mood. But this morning Cameron and I were mixing up the mortar to make a batch of heart-healthy Christmas cookies (go figure!), and we started singing O come all ye faithful in Latin. And that did the trick. Peace on Earth, Good Will To All Men, and get me at them goodies! Merry Christmas to you, and just say so if you want a really bad brick-like Christmas cookie; I'm sure there will be extras...





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