Seemore Scagnetti: Question for Don

[pm]

> Well, not exactly, because, if you bet at
> the $50,000 level, with only $2,000, you'd
> be tapping out all the time, without getting
> a fair run with your $2,000.

If you had the entire $50K BR, wouldn't your session banks be around $2,000 anyway? If so, what's the difference between that and getting 2 grand everyday?

[gorilla player]

> If you had the entire $50K BR, wouldn't your
> session banks be around $2,000 anyway? If
> so, what's the difference between that and
> getting 2 grand everyday?

Once you blow 2 grand you are out until you get more money. If you blow 2 grand and the shoe is still hot, and you have money, you continue playing... But for this particular thread, when you blow your 2 grand, you stop playing for a while, which probably means the trip is cut short...

This is an interesting problem, but not one I care about as I'm not sure I'd be in that particular situation often enough. I take with me what I plan to play with and win/lose/draw. If I hit a bad run, I often quit in disgust, but that doesn't mean the bad run won't continue at the next table... But it does feel good to leave.

Most new counters seem to understand everything _but_ the variance. Yet that is the most important concept to keep in mind, otherwise you might end up with a bullet in your head when you play a sure-fire game and still lose badly for a session or several.

First time my son went with me as a sort of "team" deal, he got really aggravated with me giving me the "I thought you said we would win" argument. I finally got him to understand the concept of N0, the long term, and short-term variance. He still winces, but he understands that we will get it back at some point. So long as you don't go broke first... then you have to quit of course.

[pm]

> Most new counters seem to understand
> everything _but_ the variance. Yet that is
> the most important concept to keep in mind,
> otherwise you might end up with a bullet in
> your head when you play a sure-fire game and
> still lose badly for a session or several.
>

If you're referring to me, what in the world gave you the idea that I don't understand variance? Variance isn't the issue here, anyway, because ROR is the same in all these cases (no matter how you split up your $50K BR); the issue is reduced hours of play (which is caused by variance, but again, it's not the variance itself that hurts you, it's the reduced play time).

[gorilla player]

> If you're referring to me, what in the world
> gave you the idea that I don't understand
> variance?

Sorry, but not a single _thing_ gave me that idea. It was just a note since lots of people read these posts, besides the poster and the person he was responding to.

If it read that I was talking to you, sorry... It was more a point of clarification since I had posted earlier in this thread...

mea culpa...

> Variance isn't the issue here,
> anyway, because ROR is the same in all these
> cases (no matter how you split up your $50K
> BR); the issue is reduced hours of play
> (which is caused by variance, but again,
> it's not the variance itself that hurts you,
> it's the reduced play time).

It is the variance that causes the reduced play time however... that was why I mentioned it... If the variance could be driven way down, the ROR would become moot, and small bankrolls would be fine..

But again, I wasn't directly talking to you so please don't be offended...

[pm]

[Don Schlesinger]

> If you had the entire $50K BR, wouldn't your
> session banks be around $2,000 anyway?

Yes, close enough.

> If so, what's the difference between that and
> getting 2 grand everyday?

Some of us play more than one session a day, no?

Don