Optimal VS Practical betting

**falling star** · 02-05-2013, 10:23 AM

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.

**Norm** · 02-05-2013, 12:13 PM

Utter nonsense.

**Mr. White** · 02-05-2013, 12:46 PM

Are you sure? He used a word like, "ameliorate...."

Had me convinced...

**Three** · 02-05-2013, 12:49 PM

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.

**Mr. White** · 02-05-2013, 12:58 PM

Uhhh...he said let the accolades begin, good sir, not the critiques. Your fancy sciency theory mumbo jumbo is only serving to make showing a profit in this game more difficult than need be.

**falling star** · 02-05-2013, 01:38 PM

Originally Posted by Mr. White

Uhhh...he said let the accolades begin, good sir, not the critiques. Your fancy sciency theory mumbo jumbo is only serving to make showing a profit in this game more difficult than need be.

Excuse me for breaking-bad. Many noted experts have admitted that variance (another word for losing streak) has gotten the best of them. Maybe you havn't played long enough. Some say it's nonsense, but it makes perfect sense to me. Give it a little more thought, you'll eventually come around. Once you come out of shock mode, I'm sure some benefits will be evident. In the mean-time I'll put down for no accolades.

**Norm** · 02-05-2013, 01:49 PM

ZERO "noted experts" would find this anything other than utter nonsense. It is pure gambling voodoo and why casinos make so much money.

**Boz** · 02-05-2013, 02:01 PM

Originally Posted by Mr. White

Are you sure? He used a word like, "ameliorate...."

Had me convinced...

LOL...ur a good mr. white

**Boz** · 02-05-2013, 02:02 PM

Originally Posted by Norm

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.

**Sonny** · 02-05-2013, 02:24 PM

Originally Posted by falling star

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

If you were betting optimally then why would you ever go broke? Doesn't make any sense.

VS

Lowering your bet and letting the house grind you down. Going broke more slowly doesn't make sense either.

-Sonny-

**Three** · 02-05-2013, 02:51 PM

Originally Posted by falling star

Many noted experts have admitted that variance (another word for losing streak) has gotten the best of them.

Everyone has losing streaks. Then they have winning streaks. In the long run they are ahead unless they follow your advise.

**Aslan** · 02-05-2013, 06:32 PM

Originally Posted by falling star

Many noted experts have admitted that variance (another word for losing streak)

I assume you mean "negative" variance, not variance. Variance is not another word for losing streak; it is another word for luck, which comes in two varieties, good and bad. If it were predictable, either the good or the bad variety, I would personally wipe out this country's national debt, if I did not first get barred from every casino on earth. As it is, I can barely pay my own debts.