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Philosophy & Framework => Gambling Philosophy => Topic started by: VLS on December 07, 2012, 06:57:26 PM

Title: [Manrique] The Golden Rule
Post by: VLS on December 07, 2012, 06:57:26 PM
"Each chip gained must be thrown into the pocket."

This means that if we take 100 chips to the casino, the only way to lose those 100 is to never having been on a winning balance phase (we will see this case). But when that happens maybe the game is telling us we should not continue to lose the 100.

Manrique
Title: Re: [Manrique] The Golden Rule
Post by: VLS on December 07, 2012, 06:58:31 PM
Very good advice indeed.

I have referred to this as the "maximum drawdown" approach in the past. It is a great assistance when playing the averages game.