Fear & Folding

85 posts

Fear & Folding banner
Fear & Folding

Fear & Folding

@fearandfolding

Don’t play poker. It’s a stupid game. If you absolutely must play, fold everything.

San Francisco Katılım Mart 2013
203 Takip Edilen642 Takipçiler
Fear & Folding
Fear & Folding@fearandfolding·
@LasVegasLocally @bamf Yeah…”easy”…
WiseOne@TerryKav

I don't believe one bit of this. First of all, the highest stakes in a Vegas casino are at Caesars Palace where they allow a max of $50,000 per hand. According to Grok, you'd need to have a starting stack of $10 million and play a minimum of 200 hours to win $1.5 million. Here are the details: Probability and Time to Goal Blackjack outcomes approximate a random walk with a negative drift. To estimate time to reach $1.5 million, we use the gambler’s ruin problem adjusted for blackjack’s variance and house edge, but focus on hitting a profit target rather than ruin. The key is how many hands it takes to overcome the negative expectation via luck. Variance and Outcomes: Possible outcomes per hand (simplified):Win: +$50,000 (46% probability, including 3:2 blackjacks). Loss: -$50,000 (48%). Push: $0 (6%). Doubles/splits increase variance but balance out. Net expected value: -$200/hand. Standard deviation per hand: ~$60,000. Hitting $1.5 Million:To win $1.5M, you need a net positive deviation of $1.5M ÷ $50,000 = 30 net winning hands (e.g., 65 wins, 35 losses in 100 hands, ignoring pushes). Probability of winning a hand (net of pushes): ~48.9% (46% ÷ (100% - 6%)). Using a binomial model, the chance of achieving +30 net wins in N hands depends on variance. A Monte Carlo simulation or diffusion approximation suggests:Expected hands to reach $1.5M (before ruin) is high due to the house edge. For a 50% chance of hitting $1.5M with a $10M bankroll, simulations estimate ~10,000–20,000 hands (accounting for variance and negative drift). At 100 hands/hour, this is 100–200 hours. Adjusting for Practical Play:High rollers rarely play continuously. Assuming 4-hour sessions, 5 days/week, that’s 20 hours/week → 5–10 weeks to reach $1.5M in a best-case scenario. Risk of Ruin: With a $5M bankroll, there’s a ~20–30% chance of losing it before hitting $1.5M (per gambler’s ruin formulas). A $10M bankroll drops this to ~5%. Key Factors and Risks Variance Swings: You could win $1.5M in as few as ~65 lucky hands (e.g., 1 hour with a hot streak: 40 wins, 20 losses, 40 pushes) or lose millions first. A single bad session (e.g., 10 losses in a row, ~1% chance) could cost $500,000. House Edge: The 0.4% edge means you’re fighting a statistical headwind. Over 10,000 hands, expected loss = 10,000 × $200 = $2M, making $1.5M wins reliant on luck. Summary Estimated Time: 100–200 hours (5–10 weeks at 20 hours/week) for a 50% chance to net $1.5 million, assuming a $10M bankroll and perfect strategy. This is highly variable—could take days with extreme luck or never happen due to ruin. Reality Check: Blackjack’s house edge makes this goal unlikely without a massive bankroll ($10M+) and tolerance for huge swings (e.g., ±$1M/day).

English
0
0
0
4
Las Vegas Locally 🌴
Las Vegas Locally 🌴@LasVegasLocally·
@bamf Do what, win $1.4M? If you're betting $50K - $100K per hand, as he probably was, it's very easy to do.
English
2
0
4
1.1K
Las Vegas Locally 🌴
Las Vegas Locally 🌴@LasVegasLocally·
Illinois Governor JB Pritzker won $1.43 million playing blackjack in Las Vegas last year, according to his newly released 2024 tax returns. The governor called himself "incredibly lucky" and said "you have to be to end up ahead, frankly, going to a casino anywhere..."
Las Vegas Locally 🌴 tweet media
English
84
17
320
58.7K
Fear & Folding
Fear & Folding@fearandfolding·
@AlastairMcA30 @ActaeonComplex @Leighincognito I don’t think anyone’s trying to be argumentative, and I’ll never understand why that is always the assumption. You list 19 doses of vaxes below. Here’s a clinic that says it’s 50. When you add repeat doses of flu et al, you get to 70+. Can you just explain the difference?
Fear & Folding tweet media
English
1
0
1
33
Fear & Folding retweetledi
World Poker Tour
World Poker Tour@WPT·
✨📔 @ClubWPTGold $5M FREEROLL GOLDEN PASSPORT GIVEAWAY 📔✨ To enter 👇 - Must be following @ClubWPTGold - Retweet this meme - Submit a poker meme of your own in the comments Winner gets a Golden Passport on 11/18.
World Poker Tour tweet media
English
314
276
240
59K
Fear & Folding
Fear & Folding@fearandfolding·
@ChancesCards Here’s the scene, Rounders 2: Super high stakes private game… Mega-Chad joins the game with hussy girlfriend in tow. Table drools. He’s limping, she’s scrolling. But they’re both actually pros. She has the solver up. Hans Gruber loses millions. Who plays the parts?
English
0
0
2
833
Chance Kornuth
Chance Kornuth@ChancesCards·
If a guy sits down at your poker table with his girlfriend behind him. Look at her shoes. Ifykyk
English
44
5
219
121.6K
Allen Kessler
Allen Kessler@AllenKessler·
From @ThePokerBoss You're paying for a $17.34 food order and the cashier says sorry I don't have any change and hands you $2 and closes the register. Do you
English
59
3
11
19.8K
Fear & Folding
Fear & Folding@fearandfolding·
@the__ModFather @WSOP I don’t see “sleeping at a hotel pool by day and showering at a Planet Fitness” listed as an option. 🤔
English
0
0
0
33
the ModFather™️
the ModFather™️@the__ModFather·
If you're coming to Las Vegas for the @WSOP this summer are you most likely to...
English
10
0
4
3.4K
GingePoker
GingePoker@GingePoker·
Does anyone know if @rampagepoker is playing the $1m game? I haven't seen any content about it
English
13
0
48
31.3K
Fear & Folding
Fear & Folding@fearandfolding·
Every poker pro teaches this…
English
0
0
0
34
Fear & Folding
Fear & Folding@fearandfolding·
@LasVegasLocally The very first passenger MUST board with a suitcase with seventy-five pellets of mescaline, five sheets of high powered blotter acid, a salt shaker half full of cocaine, and a whole galaxy of multi-colored uppers, downers, screamers, laughers... and also a quart of tequila, a…
English
0
0
0
33
Adam Schwartz
Adam Schwartz@ASchwartzPoker·
I don't really understand the hate for players like @AllenKessler and others selling tournament pieces at whatever markup they want to ask for We're all for market-driven pricing for everything in life except for tournament staking?
English
24
1
42
21.3K
Fear & Folding
Fear & Folding@fearandfolding·
@targetpoker81 Just like sex and politics, 50% of the population is living in their own reality…
English
0
0
1
92
Josh Jarvis
Josh Jarvis@targetpoker81·
When playing poker, well Texas hold’em. Do you call your cards hole cards? Or hold cards?
English
125
1
29
52.9K
Fear & Folding
Fear & Folding@fearandfolding·
You’re a poker player if you see a hand. You’re a degen if you think of how you’d play it.
Fear & Folding tweet media
English
0
0
0
41
Fear & Folding
Fear & Folding@fearandfolding·
As a poker player…is today the anniversary of Black Friday? Or is today “Bitcoin Discovery Day”?
Fear & Folding tweet media
English
0
0
0
34
Fear & Folding
Fear & Folding@fearandfolding·
Picked the right time to give up golf…
Fear & Folding tweet media
English
0
0
0
43