V_V:
In reply to praguepride (msg # 1816):
Don't go to a casino. ;)
1% makes a difference over large numbers but even in a heavy combat session we're probably not even rolling dice 100 times so 2-4 hours a week/100 rolls a week just doesn't see that volume.
I read somewhere that for people who count cards and grind things out as professional gamblers usually end up making about minimum wage on average. You might get some hot or cold streaks but in general with $5,000 in your bankroll and a 1% edge minus expenses/tips/taxes etc.
In theory pure optimal at $5,000 an hour at 1% edge you should average $50/hr but you cannot play for 24 hours a day nonstop perfectly. Eventually you start making mistakes, have to take a break, need to eat, use the restroom etc. which all cuts into your grind time. Dealers have to swap out, slow/drunk players will sit down and screw the flow up etc.
The "Harvard Card Counting Team" didn't make great returns but what people don't realize is they collected funds like an IC and raised nearly $100,000 to gamble with so that 1% return was much much higher for them and even still they ended up only hitting about $162/hr which means that 1% edge translated into only 0.2% profits.
uhhhh...what were we talking about?