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Thread: Optimal VS Practical betting

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  1. 02-05-2013, 10:23 AM #1
    falling star
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    Smile Optimal VS Practical betting

    The inevital losing streak is almost a scientific certainty. Rather than accepting the resulting loss, one can ameliorate the effect on your bankroll by going into recovery mode as soon as a large bet is lost. To do this , one lowers to the minimum bet until the large bet is fully recovered. The sum of all the losing minimum bets accumulated, while this is happening, becomes your new max bet when you return to normal counting.

    There is one problem, that of patience and lots of it. Trying to recover a $500 losing bet with 100 times $5 or some other minimum bet is certain to happen. Another way to look at it is converting all large losing bets into minimum losing bets before reverting back to your normal betting pattern. Applies to betting on sports, horse racing or table games.

    VS

    Optimal betting and possible wipe-out of your bankroll during a losing streak.

    Sim it and let the accolades begin.

    Remember, patience is a virtue.
    Your mind is at rest, while in recovery mode. No counting, unless you must for BS deviations.
    Losing streaks, a thing of the past for large bets.
    While in recovery mode, a losing streak during minimum bets becomes a laughing streak.
    The rest is up to you and your patience.
  2. 02-05-2013, 12:13 PM #2
    Norm
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    Utter nonsense.
    "I don't think outside the box; I think of what I can do with the box." - Henri Matisse
  3. 02-05-2013, 02:02 PM #3
    Boz
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    Quote Originally Posted by Norm View Post
    Utter nonsense.
    I thought it was nonsense, but for some reason I thought u posted it so i read it twice...couldnt figure out why that made sense till i saw it didnt.
  4. 02-05-2013, 06:37 PM #4
    falling star
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    Quote Originally Posted by Norm View Post
    Utter nonsense.
    You're impressed. You just can't bring yourself to say it.
  5. 02-05-2013, 06:59 PM #5
    truthiness
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    Quote Originally Posted by falling star View Post
    You're impressed. You just can't bring yourself to say it.
    LOL! So funny! How about not making the big bet and just doing the recovery with minimum bet? Then you have a nice profit after the recovery.
  6. 02-05-2013, 07:02 PM #6
    Aslan
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    Quote Originally Posted by truthiness View Post
    LOL! So funny! How about not making the big bet and just doing the recovery with minimum bet? Then you have a nice profit after the recovery.
    Hey, you're stealing my thunder.

    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 - 8/23/10... “Life’s most urgent question is: what are you doing for others?” — Martin Luther King, Jr.
  7. 02-05-2013, 08:00 PM #7
    falling star
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    Quote Originally Posted by truthiness View Post
    LOL! So funny! How about not making the big bet and just doing the recovery with minimum bet? Then you have a nice profit after the recovery.
    You obviously didn't read and understand the post. The money is made on large bets. Recovering a large losing bet is just a detour.
  8. 02-05-2013, 12:46 PM #8
    Mr. White
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    Are you sure? He used a word like, "ameliorate...."

    Had me convinced...
    "I did it for me..... I liked it. I was good at it...and I was...really...I was alive..."
  9. 02-05-2013, 02:01 PM #9
    Boz
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    Quote Originally Posted by Mr. White View Post
    Are you sure? He used a word like, "ameliorate...."

    Had me convinced...
    LOL...ur a good mr. white
  10. 02-05-2013, 07:25 PM #10
    falling star
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    Quote Originally Posted by Boz View Post
    LOL...ur a good mr. white
    Sycophant.
  11. 02-05-2013, 06:41 PM #11
    falling star
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    Quote Originally Posted by Mr. White View Post
    Are you sure? He used a word like, "ameliorate...."

    Had me convinced...
    You change your mind to easily. Your first impression was the correct one.
  12. 02-05-2013, 12:49 PM #12
    Three
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    What are you crazy. If you know what you are doing that big bet is out there for a reason. The next bet most of the time that reason is still there. You know you will be ahead a cartain percentage for the sum of all bets made at that advantage which made you bet big. You are going to lose some along the way. These lost bets may even come in clumps but each bet whether won or lost adds the same percentage to your long term EV. Once you have made enough bets you will approach that EV percentage on the sum of all the bets made. If you go to min bet you make the long term further away and you give up a lot of EV at that big advantage. This is utter nonsense unless you are foolish enough to be betting big at a disadvantage because you are playing some losing progression.

    Move this to disadvantage forum.
    Last edited by Three; 02-05-2013 at 01:00 PM.
  13. 02-05-2013, 06:56 PM #13
    falling star
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    Quote Originally Posted by Tthree View Post
    What are you crazy. If you know what you are doing that big bet is out there for a reason. The next bet most of the time that reason is still there. You know you will be ahead a cartain percentage for the sum of all bets made at that advantage which made you bet big. You are going to lose some along the way. These lost bets may even come in clumps but each bet whether won or lost adds the same percentage to your long term EV. Once you have made enough bets you will approach that EV percentage on the sum of all the bets made. If you go to min bet you make the long term further away and you give up a lot of EV at that big advantage. This is utter nonsense unless you are foolish enough to be betting big at a disadvantage because you are playing some losing progression.

    Move this to disadvantage forum.
    The long term recedes , but the short-term is enhanced. Neither of us can prove our point without a simulation.
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