Originally Posted by
NotEnoughHeat
From what I can tell, T3 is trying to dissuade you from measuring you win rate by shoe. The reasoning might be that the results you get from an individual shoe is highly variable. You may have a shoe that is very tame in terms of the count and you happen to end it pretty close to break even on your waiting bets with no bets at an advantage. On the other hand, the count can be in a similar position but you lose 10 units instead. Then we look at extreme high counts and it is easy to win or lose 30-40 units depending on your spread. However take what I just said with a grain of salt. What I said might be true for the most part, but I am not a statistician, so the conclusion I imply (that it is a bad idea to measure win rate by shoe) might not follow.
When T3 says he measures his win rate dollars, I presume he means dollars per hour. He tries to maximize his dollar for his time, but he also values low N0 (ie. volatility/variance).
Bookmarks