Registered: Aug 2008
09-28-10 03:05 PM
Quote from Random.Capital:
The only "edges" in Vegas come from breaking the law. The "best money management system" for Vegas is to not go, period.
Either that's a terrible analogy, or he's making a deeper comment than some might think.
There are guys who can walk into vegas with an edge. Once it's figured out that they have an edge (yes that means they are winning more than the house wishes to pay out), the casino will kindly escort you out. They have the FULL right to refuse services to anyone for ANY reason, and sadly, that means if you win too much=goodbye as they know you have an edge.
Check out the History Channels "Do's and Don'ts in Las Vegas." Interesting show.
Again, go into any Vegas Casino with THE best money management system ever devised, and no edge, see what you come out with...
Jack Schwagger was giving a very deep thought analogy. Once a person realizes that the markets are not random nor efficient, they will NEED TO HAVE AN EDGE as NO money management system will cut the mustard without an edge... Just a slower, more painful death.