I am starting to realize that many people don't quite understand what a luck graph is... so I will do my best to explain it. Glossary:Profits: how much money you are actually up/down
Expected Winnings: how much money you "should" be up/down
Luck: the difference between profits and expecting winnings
That is to say there is no way to tell how I am actually doing from a luck graph (as most of you know I don't care to discuss my actual finances on this blog). It nearly shows the difference between what I should be up/down and what I actually am up/down. For example I could have had even expected winnings, but be down 73k from bad luck... or I could have had 73k in expected winnings and be even in profits from -73k in luck... or I could have had positive 500k in expected winnings, but only be up 427k because of -73k in luck. I hope this clears up a few things for the gambling inept out there.
5 comments:
WE ALL KNOW THIS. YOU SHOULD STILL GET A REAL JOB.
Thank you for sharing your infinite wisdom in all caps.
For all the abbreviation inept out there: caps = CAPITAL LETTERS
Not sure if you're up or down this year, but that's tough luck man. Keep grinding away that graph will obv go up.
There must be an asshole convention in town.
In all fairness though, your bad luck does have a correlation with profit. In the long run, you'll kick ass as long as your edge is bigger than the house's take.
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