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Is variance really a killer?

Started by Bally6354, December 14, 2012, 10:51:55 PM

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Bally6354

And just to put things into perspective regarding variance and roulette.

I was having a quick read over on the W.O.O site.

A blackjack player betting a spread of 1-4 ($25-$100) with a 5k bankroll. He was basically wanting to know how he stood. (The guy is counting cards)

here was the reply.....

''Good news is you are playing at an advantage of +0.85%.
Bad news is your risk of ruin is 35.2%.''

It's a sobering thought when we are playing against 2.70% (and some of us 5.40%)



Sometimes it is the people who no one imagines anything of who do the things that no one can imagine.

spike

Quote from: Gizmotron on December 16, 2012, 09:44:00 PM
I deliberately seek out  explosive variance. It's the only reason I go to the casino. Of course there's going to be crashing downturns.

Ya think? That's what you want to avoid, crashing downturns. You
want a nice steady peaceful variance so you can make your goal
and leave. Extreme highs and extreme lows are very costly in
money and in time.

Its like having a conveyer belt in a factory. Do you want it to run real
fast at times, and have lots of breakdowns, or do you want it to run
nice and steady so you know exactly what to expect every day.

The casino is no different. Variance is your enemy, so you want it as
flat as possible. No hills and valleys, just little tiny bumps you can
barely feel, like you're driving a 1958 Lincoln. You're there to make
your goal, not spend hours waiting for the variance to come back
around your way. That's for gamblers and amateurs..

spike

Quote from: AMK on December 16, 2012, 10:48:04 PM
 
The conclusion for this method was that it could not be used to produce signification profit etc


That's because it probably used a progression. I only flat
bet, progressions are useless in the long run.

AMK

Yes must have had a progression.


Man, I guess the search starts for the most variance free flat bet approach I can find or come up with.


How much is a little bump in your book spike?

Gizmotron

Spike, don't be ridiculous. You can't give me advice. And further, I don't want it. You are clueless to what I do and I am clueless to whatever it is that you are suggesting. I'm happy with what I do. I wouldn't change anything for the world. Go ahead, share what you want. I will find it fascinating. I never looked at randomness remotely in this way. At least I'm really interested. Nobody talks about stuff like this.
"...IT'S AGAINST THE LAW TO BREAK THE LAW OF AVERAGES." 

MarignyGrilleau

http://betselection.cc/methods'-results/empirical-speculation-on-fluctuation/msg4436/#msg4436


Bet selection is betting on or the other side of the Even Chance. ex: Bet Red or Bet Black.
It is purely based on fluctuation. But is a unintelligent bet, it is merely a two step martingale, to avoid two imbalances of 5 units to follow each other. Still, it grinds a profit so far.
:scared: 

Quote from: spike on December 16, 2012, 11:20:54 PM
That's because it probably used a progression. I only flat
bet, progressions are useless in the long run.


The seasoned player would do it Flat Betting all the way, reducing bets(stop after LL). Attempting to Win or Break Even, so 2 out of 3 Games.
Suggested Five Banks of 10units as method Bankroll. = 50units
Here the graph for 106 games in daily sessions of 300 spins, since 21 November until 17 December (Random.org):


[attachimg=1]




spike

Quote from: Gizmotron on December 17, 2012, 01:54:50 AM
Spike, don't be ridiculous. You can't give me advice... I'm happy with what I do. I wouldn't change anything for the world.

LOL! I wasn't giving you advice, good god. I don't care
what you do, just don't say you learned it from me. Be happy
with what you do, winning isn't everything... :P

Gizmotron

Spike, this is you giving me advice.

Quote from: spike on December 16, 2012, 11:17:28 PM
Ya think? That's what you want to avoid, crashing downturns. You
want a nice steady peaceful variance so you can make your goal
and leave. Extreme highs and extreme lows are very costly in
money and in time.

Its like having a conveyer belt in a factory. Do you want it to run real
fast at times, and have lots of breakdowns, or do you want it to run
nice and steady so you know exactly what to expect every day.

The casino is no different. Variance is your enemy, so you want it as
flat as possible. No hills and valleys, just little tiny bumps you can
barely feel, like you're driving a 1958 Lincoln. You're there to make
your goal, not spend hours waiting for the variance to come back
around your way. That's for gamblers and amateurs..
"...IT'S AGAINST THE LAW TO BREAK THE LAW OF AVERAGES." 

Gizmotron

Spike, this is you telling you won't give me advice.

Quote from: spike on December 17, 2012, 02:54:54 AM
LOL! I wasn't giving you advice, good god. I don't care
what you do, just don't say you learned it from me. Be happy
with what you do, winning isn't everything... :P

Since you don't want to give me advice please stop misrepresenting what I'm saying that I do. I have no trouble at all avoiding crashing downturns.  If I didn't know better I would say that you are having difficulty listening to other people. There could be many reasons for this. You could be a deliberate trouble maker, the likes of snowman. He did this all the time. He decided what things were and kept pelting everyone with his red herrings and his straw man arguments. I hope you are not going to turn out like snowman.

Just to see if you have a problem, I'll  repeat it. I have no difficulty avoiding the crashing downturns caused by variance.
"...IT'S AGAINST THE LAW TO BREAK THE LAW OF AVERAGES."