Loose Change

BTW- if people here feel like insulting me or at the least be negative towards my program despite all the success it has had, that's your choice, and carry on...but I will not be commenting on it any further, it's not going anywhere, and I should not have contributed to hijacking a thread. My bad.

Thanks guys...I look forward to constructive conversation with some of you elswhere in this site.

But, it's not hijacked cuz were still talking about Loose Change here, right?

Have you ever heard of the Monte Carlo Fallacy?

Have you ever heard of the Monte Carlo Fallacy?

Alright, this will be my last comment here on this.
1- Yes I have...it stems from back in the early 1900's in Monte Carlo where a supposedly "legit" stastical anomoly occured where red or black (can't remember which) hit like 26 times in a row. But the difference between me and most is that I understand it is possible, and I have mentioned before that nothing is 100% certain. I go by the odds, and play the odds when they are in my favor, not when they are not. Have I lost some battles? Absolutely, but never lost a war.
2- Why in the world do people care, and care to comment on things they haven't even tried? It's shocking really. Is it cause people here just like to argue? It's like males commenting on what it's like to give birth.

Again, no one has to beleive, and I am not forcing my facts / statistical proof on anyone, so it's time to move on.

Alright, this will be my last comment here on this.
1- Yes I have...it stems from back in the early 1900's in Monte Carlo where a supposedly "legit" stastical anomoly occured where red or black (can't remember which) hit like 26 times in a row. But the difference between me and most is that I understand it is possible, and I have mentioned before that nothing is 100% certain. I go by the odds, and play the odds when they are in my favor, not when they are not. Have I lost some battles? Absolutely, but never lost a war.
2- Why in the world do people care, and care to comment on things they haven't even tried? It's shocking really. Is it cause people here just like to argue? It's like males commenting on what it's like to give birth.

Again, no one has to beleive, and I am not forcing my facts / statistical proof on anyone, so it's time to move on.

1. But doesn't the Monte Carlo Fallacy essentially refute the notion that "after black has hit 3 times in a row, it is statistically higher than 50/50 that red will hit"?

2. Just trying to find out more about your method. Sorry that I'm not rushing out to a casino right now to try it and get back to you.

1. But doesn't the Monte Carlo Fallacy essentially refute the notion that "after black has hit 3 times in a row, it is statistically higher than 50/50 that red will hit"?

2. Just trying to find out more about your method. Sorry that I'm not rushing out to a casino right now to try it and get back to you.

I will comment via PM.

Yeah, jsarno, you're dead wrong on the red and black thing. You're basically saying that if you flip a coin and it lands on heads 3 times in a row, then it's more than 50% likely to land on tails during the next flip.

That's flat out incorrect. Events that happened in the past are exactly that, in the past. They do nothing to change the probabilities of future outcomes.

Your stance makes you appear uneducated.

Sorry jsarno, but I would agree with Schneed here. I mean I have extensively studied statistics and gambling "techniques" are constantly disproved, starting at the 101 level.

I also done quite a bit of econometrics too. I am not trying to get into an argument about who is qualified, just want to let you know I have been educated in these fields. Last time I tried to let people know I was ripped a new one...thanks Schneed ;)

I have given it to very close friends and family...it is not publishing worthy yet. I haven't had the time to refine it to get it published. I am not a good author.

I also don't want to steal your idea, but please tell me when the book is out. I will most definitely be interested in it.

Also I don't mean to insult, I am just a skeptic.

I also don't want to steal your idea, but please tell me when the book is out. I will most definitely be interested in it.

Also I don't mean to insult, I am just a skeptic.

I responded via PM.

Honestly, it's a lot of pages worth of studies, I have a long book written on it. I haven't even scratched the surface of describing the method here. There was a thread here a LONG time ago that explained it a little, and some here even PMed me to thank me for helping them win money. Of course there were others that just went ahead and insulted me due to their own fears and fart sniffing. It's all good.
Vegas wouldn't go out of business cause of my book, you don't bet enough money to win enough money to break vegas. You have to start small...$5 max in each section, then go from there.
What I find most amusing is the amount of people that are willing to try and be successful, and the amount of people that would rather not bother and persecute those that do. When you sit back and watch how people react, it's quite interesting. The same people tell you "Mari-ju-wana is bad mmm kay", and yet they haven't tried it...the same people that tell you not to open up and try and they are content to sit on the sidelines and watch life.

Regardless, if you are content knowing only what you know, how will you ever learn anything new? (be warned that some here think they know everything)

ps- if you beleive in the ideal of carma, than understanding other things are possible becomes a lot easier.


Well I don't know about other people, but I for one have trouble rejecting stastical laws because you claim your buddies have won a lot of money. Sorry that I'm not willing to take you on your word on this as of yet, but the only specific information that you have offered - that the past impacts the present in measurable statistical terms - is quite ludicrous. This isn't me persecuting you or hating on your success, that's just the way it is. I'd love to hear more about the theory before I unfairly dismiss it, but you have only offered two pieces of info (3 reds increases the chance of black and it has worked for my buddies, trust me!). I know you aren't trying to convert me or anyone else here but I would like some more info just for the sake of discussion.

As for Karma, I would like to believe in it but I would certainly reject any statistical analysis that incorporates it as a factor.

LOL! I can't believe this topic came back up. Actually, I have what I call a "comfort system" when playing roulette. Essentially, it's a pattern that makes me feel like I'm in control...until black/red is rolled 7 times in a row and I've lost $180.