QuoteIt is not variance alone that kills the bankroll. It is what you do with variance that kills the bankroll.
Very true. Variance keeps pestering bets. You need to know what to do and how to handle the worst, the bad and the average times.
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Show posts MenuQuoteIt is not variance alone that kills the bankroll. It is what you do with variance that kills the bankroll.
QuoteNow if it's a person that signs on with no history or a few posts and all of a sudden he's selling some type of product or service and he never introduced himself and I don't know who he is and no references, entirely different picture and that is what's clearly not allowed.Posting links and any sort of advertisement should be disallowed to any member unless he gets to become a "Steady Member", in my humble opinion.
QuoteSomething like the martingale or fibonacci makes the assumption that some wins are going to come along SOON. Making them less aggressive relaxes this assumption, but they still assume that when you start increasing the stakes the wins are going to coincide with those larger stakes, and there just isn't any reliable way of ensuring that this will be the case, UNLESS you have an edge. In other words, to ensure that profits from winning bets will exceed losses from losing bets, you need a better than RANDOM chance that the outcome you're betting on will win. Isn't it obvious?
QuoteHow does manipulating stakes improve the probability of a win? It can't. All it can do is attempt to recover losses after losing runs and/or increase profits on winning runs. But these attempts fail; all they do is to magnify both losses and wins, but on average you still lose because you haven't addressed the real problem and you still don't have an edge. Progressions work until they don't.
QuoteCan you give me an example of such a progression? Do you think this hasn't been thought of before?
QuoteI know you don't do that, but you DO believe that it's possible to win using progressions. I argue that progressions can't help unless you have an edge, because all they do is increase the variance (both positive and negative).
QuoteHow does the LLN give you an edge or help you to win?
QuoteAgain, you're just demonstrating lack of understanding of probability. Blackjack is not a game of independent trials. Technically, Baccarat isn't either, but Thorpe also investigated the possibility of getting an edge in Bacc and found there was none, and of course Roulette IS a game of independent trials, so counting past outcomes is pointless (but you MAY be able to get an edge using physics).---Mike
QuoteI'm always amused by the novices and amateurs that think they know more than the professionals, gaming experts and mathematicians. .
In the mean time a visit to the wizardoffodds.com will serve you well.
QuoteSo let's cut to the chase and realize that we either win more hands than lose flat bet and/or have our winning hands accumulate more $ than the accumulation of our losing hands.
QuoteIf the game is fair then in the long run you will break even, but even offering a fair game the casino is still likely to win because they have an infinite bank in comparison with any individual player. Look up "Risk of Ruin" for the math."Will" is a wrong word here. You may be at break even, losing or winning even after a million spins. A perfect equilibrium of all bets may not be possible even after a billion spins. Think over it.
QuoteThat wouldn't prove anything, and it's easy with hindsight to say "I would have quit here" AFTER the session. The truth is in some sessions you will never get ahead.I never said I will quit or not, I just said I will be ahead with my bankroll, for sure at one point of time or other if it is only about beating house edge alone, be it 185 spins or 1850 spins. Give me any kind of scatter. That is not as easy to do for everyone.
QuoteOf course, you will win in the long run.Again you are being hasty. The long run, in which you might get to win, you may give up all hopes of winning back your losses. Check #3 of American Zumma book. It kept on so bad for 15k spins, even giving 1 chip for 100 placed bets won't help. The terms, "may" and "will" should never be used as synonyms of each other.