Among the very best MM i read about is Brett Morton's ...
I also hear that John Patrick has some good things going ...
Brett Mortons MM let you win with flexibility oppisite to the 20/100 Flaw using MM ...
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Math Professor
Posted 03/20/06 at 05:32 PM
John Patrick's forum board.
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Someone quoted John Patrick as saying I don't win much but I don't lose much either.
Now he was critical of this statement but there is a reason for it.
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We who have lived with gambling all our lives understand the relationship between what we win and what we lose.
The Equation is simple enough .
Magnitude of profit is usually a function of magnitude of wagering.
One of the most common failures in gambling is progressive betting.
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Several small wins are satisfying but when the next small win does not happen and it turns into a progression which often recovers the day but sometimes results in ruination.
Giving up on a progression is hard because losing can mean the erosion of several days work.
The gambling flaw is inherent in this.
Christopher Pawlicki highlighted this fact.
The equation for winning small returns often calls for a progression .
The progression ultimately however snatches away the prevous wins.
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For example 20 20 20 20 20 has been achieved with 50 100 80 120 100 The final destructive act is a 100 that does not recover .Even without a progression 100 absorbs the 5 sets of 20 wins.
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I call this the 20/100 flaw.
20 is therefore 20% of 100. A good result by any standards.
In order to control the erosion of previous wins the ratio of win to wager
needs to be as close to parity as possible.
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Say 80 80 80 80 80 with 100 100 100 100 100
If the 100 goes then we still have nearly 4 days work intact.
We can walk away and get them again another day.
Not many gamblers can achieve 80%.
This is the flaw.
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There must be plenty of gamblers here who understand this but any replies should be better than 3 and out .
The math does not work.
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You have to get the Bankroll Management straight.
Lets assume you have 1600 Euro.
Then you divide the bank by 4 and get 400 400 400 400.
When you double one smaller bank to 800 you divide the 400 into the overall bankroll.
Then 1600 is 2000 that you divide by 4.
Now you have 500 500 500 500.
If you have 1600 = 400 400 400 400 and lose, then it looks like this.
1600 - 400 = 1200 = 300 300 300 300
This way you will have iron overview and control over your bank.