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Hmm, I didn't know that the comps worked out that way; I always assumed that the value of the comp wound up less than your expected losses even with optimal str
by hugh3 16y ago
Hmm, I didn't know that the comps worked out that way; I always assumed that the value of the comp wound up less than your expected losses even with optimal strategy. Nice to know.
Still, it's a lot easier to remember to pay a bill on time every month than it is to play optimal-strategy blackjack for hours with no mistakes.
The analogy holds, but it's not all that good an analogy since there's a severe difference in the difficulty and the risk/reward ratio. Some things are better explained in their own terms than via an analogy.
- philwelch 16y agoThe kind of person who vacations in Vegas isn't likely to be someone who makes rational economic decisions about +EV comps, so Vegas isn't worried about offering +EV comps. If you're a rational +EV economic decision-maker, you either don't go to Vegas, or you live in Vegas and make your living beating tourists at poker. Either way, you're not the one being comped a room--more often, it'll be someone who goes on tilt.