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Old 03-05-2018, 04:56 PM   #7
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Join Date: Mar 2009
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Originally Posted by Dave Schwartz View Post
Yes, the logic is very sound. Just like progressive slot machines. (Oh, the casinos hate those guys. Actually the same principle as why the tracks should hate winners: they take money out of the pool -- then they can't win it).

Indeed! Back in the 80s I was mildly involved with a "slot team" for a short time. They'd watch progressives that were approaching the point of profitability and jump in when it went positive.

Unfortunately, there was competition and sometimes the other teams would get there first.

The head genius figured out that if they moved a little early, they'd have a losing proposition for a short time but get the seats.

BTW, actually knew a team who went broke on a progressive. Found out that "under-capitalization" was a big deal in that "industry."

Dave, could you please elaborate on your slots comments? I'm basically asking your approach/edge? Thank you.
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