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[QUOTE="SavagePenguin, post: 924014, member: 22087"]
When I wrote this, by "long term" I was thinking over the course of a year.  I agree with Zach, that over time luck gets closer to 0.

The more you play, the more your skill advantage has a chance to present itself.

Let's say you had a slightly bent coin that, because of the distortion, caused it to land on heads 51% of the time and tales 49% of the time.  When it landed on heads you get $1.  When it lands on tales, you pay $1.
If you flip that coin 50 times today, luck is a big influence on whether or not you make any $ today.  Winning or losing $4 is very possible.  IE, luck is a big factor.

Now, if you flip that bent coin 50 times a day for one year, that's 18,250 flips.  You will most likely have a $182 profit at the end of the year.  It is very unlikely that you will lose money.

If you flip the coin 50 times per day for 20 years, your advantage has a chance to work 365,000 times.  You will most likely have around $3,650 in profit.  The chances of being a loser over that period are [B]incredibly[/B] low.

The more flips you make, the closer to 0 your chance of being a loser become and the more likely you are to have the bankroll that reflects your skill advantage.

I believe that a good player has better than a 1% advantage over the average player.  A good playing will likely play more than 100 hands per day, and will come a heck of a lot more than 100 decisions.
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