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Hot Streak Fallacy & Dueness Fallacy

Started by alrelax, June 04, 2023, 04:22:40 PM

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alrelax

There are lots of ways to wager with as well as, against presentments of a Baccarat shoe. Two extremely dangerous fallacies come to mind that coexist with most peoples play. Read on.

And those coincide with attempting and desiring to beat the game instead of playing along with it. Remember that.

So, let's define what those two are.

1). Hot Streak Fallacy

2). Dueness Fallacy


Both can be very intricate events in all sections within a shoe, one way or another. It is the law of small numbers because regression to the mean will be encountered.  However, events such as chop-chop, 1s and 2s, clumping, natural and then cut or stick, ties and then cut or stick, etc.  You cannot get around them and you are subject to them one way or another.

Hot Streak Fallacy

A biased combination of hands that convinces the player they had found a holy grail and to usually continue with it. In other words, the player takes on an immediate thought process he has 'almost' guaranteed chances of continued wins with further attempts no matter what the presentments continue or turn to doing.  Even after the event is finished. 

While he is winning, all is good. However, those wins usually have convinced the player to continue and stay with whatever was winning. Thus causing the player to give back his wins and subject his buy-in and additional pocket money to quick or eventual loss to the casino. 

Therefore the player puts himself into a false illusion of control which will always have negative downsides.

Can you combat Hot Streak Fallacy? Absolutely. And it is quite simple, I have written about it numerous times. I call it, remaining absolutely neutral. You don't have to give up the camaraderie of being in or on a hot streak at the table, but do remain neutral with complete consciousness about what is going to happen in a short order of time. Do not alter reality of the game of baccarat and its ability to present anything and everything as well as nothing, within the shoe or shoes you are playing.

Dueness Fallacy

The Dueness Fallacy must be likened to the poisson distribution probability.

In short, that is a probability theory and statistics for the distribution of events occurring in a fixed interval of time in space. Example.  1 million shoes of Baccarat, approximately 80 million hands, divided by any number of shoes you wish to get a mean average for the events that might or might not occur. The only problem with doing that, is the mass function of the actual occurrences can never be broken down to replicate themselves in any order that will be representative of a number of shoes you can actually play in a session or many sessions, independently or on going. And that is contrary to what so many absolutely have convinced themselves that they can do.

And while there are a great amount of distribution probabilities within a shoe of baccarat, there will be a few player advantaged events that happen a greater amount of times than others, such as clumping and equalization.

And while those do happen much more than other events in baccarat, you will never be able to identify when, where and how long those events will last or any other event.

So, is something (event-chain of events) really due in a shoe Baccarat? If it is, why and what guarantees that or those events to appear. Years of playing this game provides me with the answer. Nothing does.

From the amount of fortune sevens, to the event of every natural cutting to the opposite side, to the hand after ties sticking or cutting sides, to numerous other events, will never be known when their occurrences will be presented or for how long.

Summation.  Do not fall prey.  Be smart and take advantage when presentments begin without believing the shoe has to do anything at anytime or for a certain period of hands, etc.
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Played well over 35,957 shoes of baccarat since I started playing at B&M USA casinos.

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"Don't say it's a winning hand until you are getting paid for it".

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