KFB wrote:

It is my belief we are better off trying to handle a predetermined level of (-)Variance.

That's the key point.

More later

as.

Pi has been accepted by over 100 million users called pioneers and has over 50 millions active members. Over 2 billion coins have been mined and a large chunk of that lies (almost one third) with developers.The total coins will be 100 billions over a very long span and gradually the mining will get tougher and tougher
   Price of any such currency depends upon the level of acceptance and Pi has started better than any other crypto had ever done and no such coin ever had so much acceptance worldwide in prelaunch stage.
  It has two shortcomings, so far I can see now. First It is absolutely free and those pioneers who have been mining for years have amassed a huge pile. So, people will rush to get free money in early trading days that will make its price go as low as few cents to begin with.
 Secondly, having too many coins in circulation could create deflation type situation in its early years in its ecosystem. Pi has countermeasures to control these, in beginning.
 I believe that when it gets at trading stage, there will be no referral benefits and mining will yield negligible coins.Then it's prices will rise rapidly getting past $100, in a few years.

Asym in post #1016 above:

"...But only a small portion of them know that in order to win itlr one must realize that only a huge bankroll could cover the vast majority of negative fluctuations the game will provide, at the same time aiming for a relatively small profit per every session played..."

I agree 100%.
It is my opinion one should not seek to develop a holy grail that wins all shoes. We would simply be forced to utilize such a small bet size to buyin ratio. The wins wouldn't really "move the needle" as far as a % of the overall bankroll. Plus we would still have at least a small probability to bust.

It is my belief we are better off trying to handle a predetermined level of (-)Variance. Allow just enough buyin size(dependant on one's own hit rate) so we will still be in the game after the inevitable rough patches. Give ourselves a statistically and realistic opportunity and accept when it's not there. On the shoes we do indeed bust our buyin we should remind ourselves it can only lose down to (0). As long as we don't rebuy into that same bad shoe.

My preference is to utilize a pos progression so we win more when we see that same Variance as (+). Hopefully significantly more on the W streaks/shoes.



Continued Success To All,

"When a gambler picks up a pack of cards or a pair of dice, he feels as though he has reduced an unmanageable world to a finite, visible and comprehensive size."

                                                        – Annabel Davis-Goff

Was not preaching or attempting to make strategy out of a, 'Come on give me something move'. 

H-Money has also been there and done it plenty.  He grinds and comes back, he grinds and loses as well.

And he almost always believes he can win more and more, just play longer.  He almost never employs a solid MMM.

But when it's there, you have to be too! If you don't wager, you cannot win.

alrelax above (in part):

"...
There were hands such as the following ones I will write out.

P=2/face B 10/7 and P pulls a 6. Everyone on bankers.
P=4/9 B face/6 and P pulls a 4.  Everyone on bankers.

Everyone switched to players.
P=10/8 (of course quick hi-5s) B turns over 10/9.

Most all the serious bettors switched back to bankers.
P=9/8. B=5/A.

Most stayed bankers.  P=9/9. B=9/8.

Then hands such as: P=face/4. B=face/face. P pulls a 6 and bankers pulls a 10.  Most were on bankers and that, "darn can't even beat a zero" was said out loud in frustration.

Everyone on players with large wagers.
P=5/9. B=2/10. Players turn over a 7.  Bankers turn over a face card.  Another frustrating hand for most...".


I have been there/done that and agree its certainly frustrating. Its an emotional killer when say P has '"1 and all B has to do is beat "1" and fails. I get a brief moment of thinking "even a fifth grader could beat a 1,lol. Im thiking "Cmon dealer" as Im already counting the wager as a W. Then nada. Reminds me of a frequent saying I hear at the tables: "Got an eight don't yet celebrate".


H-Money says, "let's do this" pretty loud.  Throws in the $1,200 I gave him and he had a few hundred left in chips.

I do not do this though Im glad it worked for him "this time".

I see people do it all the time though. Fight a tough battle for hours and then due to fatigue go all in or parlay all net profits for that one final "Sayanora" , "Im going home wager".


Good post

Hi all,

Re: This aforementioned Pi coin Alb mentions above. I had never heard of it(the crypto not Pi) and haven't researched it yet.

Great name/marketing opportunity. They (Pi network) didn't ask me, however, I would have made the Kiosk with a Gold-plated face board at top of kiosk. Maybe made it the shape of a pie (with a 1/6 slice removed)...etc. They could make their token a gold coin with the Pi symbol (Similar to bitcoin except replace the "B" with the "Pi" symbol. I would have launched it on March 14(3/14), maybe they did and I didn't notice. I believe there is a large international club (Pi club) that have a national (maybe international) membership that has an annual meeting and celebration each year. Maybe a good group to pitch it to as some would sign up just for fun. Just some quick thoughts. I wish them the best of luck.


Continued Success,

It's been great chatting with you!

From Administrator and Forum Owner:  We do not post links here on this forum as spam, phishing and attempting to get members to click and sign up, etc. 

I highly suggest you go to a high traffic, public forum such as drama driven WizardofVegas.  Please tell the Wizard I referred you and you will most likely get a nice highlighted banner to attract attention to your products.

You are hereby banned here, thanks, enjoy your career.

Alrelax
Forum Administrator

Attention. It's been great chatting with you!

From Administrator and Forum Owner:  We do not post links here on this forum as spam, phishing and attempting to get members to click and sign up, etc. 

I highly suggest you go to a high traffic, public forum such as drama driven WizardofVegas.  Please tell the Wizard I referred you and you will most likely get a nice highlighted banner to attract attention to your products.

You are hereby banned here, thanks, enjoy your career.

Alrelax
Forum Administrator

But.........Here you will win a very handsomely 10 units!  And I did just that exact thing on this particular shoe!