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Baccarat Money Management 101

Started by Mars Rocks, October 03, 2015, 06:13:27 AM

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HunchBacShrimp

Quote from: Mars Rocks on October 05, 2015, 11:19:40 PM
HunchBackShrimp also says that my OP is an arrogant piece of ignorance.

I sure did. I'll write it in bold, or flashing neon script if you like.

You climbed up on your high horse and started spewing nonsense about basic money management specifically aimed at baccarat.

it is what it is

an arrogant piece of ignorance.

HBS

Mars Rocks

Quote from: HunchBacShrimp on October 06, 2015, 12:29:50 AM
Incorrect.
Well I hope one day you actually give this board something useful.  I likely won't be here anywhere near that long though.


Quote from: HunchBacShrimp on October 06, 2015, 12:29:50 AM
Yeah, I read it. It's a calculator of ruin, and a poor one at that. What are the chances of doubling that BR instead of busting it?
About 0 in my example because the unit size is so small in relation to the BR.  By trying to ruin yourself faster you can in fact have some chance of doubling your BR.  It will never be more than 50% though.  If you want the best chance of doubling your BR, bet the lot in one bet.  Then it's around 48%, assuming if a tie comes you'll try again.  Your roll won't last more than a shoe though if you keep doing this.



Quote from: HunchBacShrimp on October 06, 2015, 12:29:50 AM
What are the chances of ending up even? what are the chances that BR busts in 5 months, 3 months, 1 month?
I'll work these out for you when I get more time.



Quote from: HunchBacShrimp on October 06, 2015, 12:29:50 AM
What's the point in calculating the house edge against your unit size to determine how long it will take your action to bust your BR given a perfectly even distribution of  expected wins and losses?
Because that's what you're very likely to get, especially with the example I gave..





Quote from: HunchBacShrimp on October 06, 2015, 12:29:50 AM
So far, you've given nothing.Mine? I've made it no mystery I favor the regression and parlay. But I don't expect you to understand this as you don't have a grasp on what money management is.
Ah so you can put up a couple of words on this thread and expect me to be dazzled by your brilliance.  It didn't work!  Rather, I think you don't have any clue about gambling.

Quote from: HunchBacShrimp on October 06, 2015, 12:29:50 AM
I'm sure they didn't bet their entire BR on one decision either. Therefore I'm sure they had some sort of money management that didn't involve imminent ruin. Possibly something like the Kelly criterion. Look it up.
I'm not looking it up.  They had a positive expectation, your system of regression and parlay has no such luxury.  You will lose your precious money.  Better to forget gambling in your case.



Quote from: HunchBacShrimp on October 06, 2015, 12:29:50 AM
Of course I read it.
Their 'system' was an exploit. The morality or legality of which is a moot point. It is a bet selection process, not money management scheme.
You need to read it and re read it until you understand the difference.
They also used money management.

The main skills I use to beat the casino are ignorance and confidence, it amazingly works just like Mark Twain said it would.

Show me a happy loser and I'll show you a loser!

Mars is the God of War btw, and I'm at war with the casino.

Mars Rocks

Quote from: HunchBacShrimp on October 06, 2015, 12:34:45 AM
I sure did. I'll write it in bold, or flashing neon script if you like.

You climbed up on your high horse and started spewing nonsense about basic money management specifically aimed at baccarat.

it is what it is

an arrogant piece of ignorance.

HBS

There's nothing wrong with what I've put up. I can't comment on your work, you haven't given any.  I'm reasonably sure it would be junk if you did put something up, but hey, if you want to dazzle me with brilliance, you're going to have to write something up.  I doubt I'll be here that long though, I'm not wasting my time with this board much longer I don't think.  The clever people have already left.

But calling me arrogant because I wrote up some logic and math that probably contradicts your theory that you can win at baccarat; well I wish you all the best.  Good luck with your future activities.
The main skills I use to beat the casino are ignorance and confidence, it amazingly works just like Mark Twain said it would.

Show me a happy loser and I'll show you a loser!

Mars is the God of War btw, and I'm at war with the casino.

soxfan

Yup, time to break out the Guinness and cashew, again, hey hey.

Mars Rocks

Quote from: soxfan on October 06, 2015, 11:55:48 PM
Yup, time to break out the Guinness and cashew, again, hey hey.

Can you afford that?

I'm moving on to a new job next week.  It's Guinness and girls for me this weekend, hey hey hey
The main skills I use to beat the casino are ignorance and confidence, it amazingly works just like Mark Twain said it would.

Show me a happy loser and I'll show you a loser!

Mars is the God of War btw, and I'm at war with the casino.