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Virtual Losses

Started by gr8player, September 11, 2015, 09:29:54 PM

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soxfan

So good to see the john-O-gr8888888888888one feud goin strong now for over ten years. I'd pony up some serious cake to be able to see them two cats sittin at the same baccarats table, hey hey.

gr8player

I feel compelled to resurrect this thread because virtual losses are such a vital part of my play:

I scope out a table before I buy in, as I'm quite sure most players do.  I am looking for, and would prefer to see, "virtual losses" to my preferred bet selection process. 

Now, don't get me wrong, I'm not adamant about it; sometimes I buy in to a new shoe, where, obviously, there are no prior results.  But, if at all possible, I do prefer that there are some virtual losses (even just a couple) before I commence my play.

Of course, the flip side of all that are virtual wins; I will never buy into any shoe that is showing my preferred bets at a plus 3 or more.  Never, ever.  I wasn't there for the wedding, and so I ain't hangin' out for any funeral.  I'll simply opt for a different table to buy into.

Now, why is this all-so-important to me?  One word answer:  Variance.  My preferred bet selection process carries a very tight variance; tighter than most of you could ever imagine any 50/50 bet selection process to be.  And so virtual losses....if placed correctly for me....improves my chances for a "plus" (read: winning) session dramatically.  I mean, almost to the point where flat-betting is all I'd need. That is why they are so important for me. 

Please understand that I do not bet every hand; heck, I average only 15 bets per 60-hand shoe.  So I bet roughly one of every four decisions on average.  So each bet, if nothing else, "feels" as if it carries more weight.  But, because I developed this mode of play all by my lonesome, I am fine with that, because it was the only way that I could get my bet selection process to the tight variance that it is today.

So each virtual loss carries weight with me.  And so I prefer to see them before I commence my real betting.  So I'll choose the table that is showing some prior losses whenever that does become an option for me.  All done in the name of variance; a variance as tight as possible in order to keep my bets as manageable as possible.

And so on and on it goes, as I continue to grind out the wins.

As always, I wish it for all of you.  Stay well.



georgebac

how did u do in baragota gr8player.  tell me did u ever play in nyc resorts they have electronic barracat.  If not explain why you would not play there. is it possible to win there in nyc resorts. 

gr8player

Hello, Georgebac, I trust all is well with you.

Yes, I have played in NYC's Resorts World casino, but I did not like it.  I simply did not trust the "strange" results that were coming from that "computerized" baccarat game.  Believe me, I wish I could have trusted it; I live but 20 minutes from there as opposed to the roughly 3-hour weekly trek to Atlantic City.  But I cannot and will not play where I simply don't feel as if I'm getting a fair game.

Take care.

Jimske

Quote from: soxfan on October 03, 2015, 11:02:08 PM
So good to see the john-O-gr8888888888888one feud goin strong now for over ten years. I'd pony up some serious cake to be able to see them two cats sittin at the same baccarats table, hey hey.
hahahahha.  YWh but how bout throwing me and Big Al in to the mix.  the 4 of us at the same table!!!!!!!!!!!!  Priceless!

Jimske

Quote from: gr8player on October 26, 2015, 01:16:38 PM
Hello, Georgebac, I trust all is well with you.

Yes, I have played in NYC's Resorts World casino, but I did not like it.  I simply did not trust the "strange" results that were coming from that "computerized" baccarat game.  Believe me, I wish I could have trusted it; I live but 20 minutes from there as opposed to the roughly 3-hour weekly trek to Atlantic City.  But I cannot and will not play where I simply don't feel as if I'm getting a fair game.

Take care.
I was there once and didn't play.  A little two skeevey for my taste and lots of smoke and crowds but the game is a shuffled game, opens and closes so I don't see why it should be any different than a live casino.  Not really a computer game on the main floor though there is, I recall, a computer game available there.

Jimske

Quote from: Rolex-Watch on October 03, 2015, 10:53:01 PM
Post one example, doesn't necessarily have to be reflective of your current mode of play,
I'd like to see one myself.  Yes, this is over my head for certain.  I get what tight bets are - small spread.  But got no clue what a tight variance is.  I mean after the fact yeah but . . .  So today I had a tight variance losing only 3 IAR twice in 101 bets.  The other day I lost 7 out of the first 9 bets in a shoe.  Does than mean a loose variance?  It's all hindsight, isn't it?


gr8player

Hello, Jimske.  You, obviously, had a very good day if your max losing streak was only 3 into over 100 bets placed.  Great job!

You then went on to recall another recent session where you lost 7 out of 9 bets.  It happens; winning 2 bets while losing 7, shouldn't happen often, but, still, it happens.

One question:  Do you happen to remember the outcome of your next few bets placed after that losing jag?  I'd be willing to bet that it was a positive outcome, that you won probably 3 out of the next 4 bets placed.

And, I say I'd be "willing to bet" because, my friend, that's exactly how I'd have played it....I'd have gone to "2-ville" in my Gr8Player's Progression seeking a rather efficient recoup of those immediate losses.

And that's, basically, what variance play is all about....knowing the average limits of both your downs (read: losses) and, yes, even your ups (read: wins).  In fact, as a sidenote here Jimske, if I were you, I'd "tread lightly" (read: lower my base unit size) after that last wonderful session of yours, where you didn't lose more than 3 in-a-row over your 100 bets placed.  I'd be on the lookout for a downward variance correction, and, again, would bet slightly lesser units so that I'd have "more room" for any impending recoup necessitation.

So, no, variance is "not all hindsight".  In fact, quite the contrary....good, solid, and correct variance play is all about "anticipation" of results, not hindsight.  The player that keeps their vital statistics at hand is the player best-armed to take full advantage of their own variance swings, either down or up.  I would not nor could not approach this game any differently if long term success was my goal.

As always, I wish it for all of you, and keep up the good work, Jimske.

ADulay

Hmm, everyone says I shouldn't be so hard on people.

Well, this is what pours in every day.

Should I delete Maverick4?   

AD