Interesting, but you seem to be unaware of some important statistical results. As you play longer and longer, the difference between the money gambled and the winnings earned will *grow*, not decrease. So, when you say
Perfect play with a .14% edge won’t necessarily lead to great profit in the short-term, but, over a long period of play, ‘ups and downs’ will eventually ‘average’ and consistent gain will be had.
... well, that's only true across a large population of gamblers. For an individual gambler, there is an almost-even chance that they will be down, by an amount whose typical magnitude is sqrt(number of gambles)*(bet per gamble). When this magnitude approaches the amount of money you have in the bank, you have to stop gambling and the casino keeps it all. This is "gambler's ruin".
This is related to a big misconception about the 'law of averages'. If I toss an unbiased coin N times, then the difference between heads and tails will *not* decrease with N (contrary to popular belief) -- rather, it will grow as sqrt(N). It's only in relative terms -- i.e., as a fraction of number of tosses N -- that the difference between heads and tails will decrease.