Boomtown's blackjack rules!!!
  • AlexD30 said:
    If you want less risk then double your bankroll and have K/2 K/3 or whatever you are comfortable with. Get more units or play at half units of what you've got now. You definitely got to bet proportionally with your edge/variance if you want to call yourself a professional. If not, then play slot machines or Keno instead.


    Any of us that are playing blackjack to support ourselves have got to bet proportional -- that is betting a proportion of the bankroll depending on advantage. We have to bet a proportion equal to the advantage divided by the variance of possible outcomes. This is THE smart thing to do for two reasons. First you won't go broke -- on a bad streak your bankroll will shrink, but it will not disappear. Second, your bankroll will grow at the maximum rate. Basically, in any positive expectation game there exists an optimal fraction of bankroll, which if wagered on every bet, will maximize the expected log growth of your bankroll. In blackjack that fraction can be approximated by f = ev / variance.

    Got that? - Or get back to your slot machine
  • AlexD30 said:
    Any of us that are playing blackjack to support ourselves have got to bet proportional -- that is betting a proportion of the bankroll depending on advantage. We have to bet a proportion equal to the advantage divided by the variance of possible outcomes. This is THE smart thing to do for two reasons. First you won't go broke -- on a bad streak your bankroll will shrink, but it will not disappear. Second, your bankroll will grow at the maximum rate. Basically, in any positive expectation game there exists an optimal fraction of bankroll, which if wagered on every bet, will maximize the expected log growth of your bankroll. In blackjack that fraction can be approximated by f = ev / variance.

    Got that? - Or get back to your slot machine


    Alex although it is very true that it is important to size your bet proportional with your bankroll and advantage, you are not even in the ballpark if you bet full kelly. Most professional blackjack players bet a fraction of kelly in order to reduce their risk of ruin. The MIT teams for the most part played at .3, my team plays at .4 kelly. Anything over .5 would be very foolish play for a person who plays this for a living, as the risk is too high when your living expenses are on the line. Maybe I'm misunderstanding you, but if I'm not you are just flat out wrong and your style of betting would be that of someone with a small bankroll that burns it out often and replenishes it. That is not what professionals do.
  • Bojack1 said:
    Alex although it is very true that it is important to size your bet proportional with your bankroll and advantage, you are not even in the ballpark if you bet full kelly. Most professional blackjack players bet a fraction of kelly in order to reduce their risk of ruin. The MIT teams for the most part played at .3, my team plays at .4 kelly. Anything over .5 would be very foolish play for a person who plays this for a living, as the risk is too high when your living expenses are on the line. Maybe I'm misunderstanding you, but if I'm not you are just flat out wrong and your style of betting would be that of someone with a small bankroll that burns it out often and replenishes it. That is not what professionals do.


    Bojack, I'm not betting K. If a player wants less risk then he should double his bankroll units and have K/2 K/3 K/4 or even K/5, whatever he is comfortable with. More units or play at half units of what you've got. You definitely got to bet proportionally with your edge/variance if you want to call yourself a professional. For example, in my Single deck games I use K/4 by betting (TC-1)*unit. For any other games like 6 deck shoe back counted I have a very small spread of BIG chips during the hot slug but I use the entire bank potential.

    Before I start on this path of playing BJ for living, I developed a deep repugnance of all the hierarchical bullshit, and servility you get in the workplace. My main reason of being an BJ player was and still is the freedom. The money helps, but, once my bankroll was “safe and sound”, it became much less important the actual win $/month. I'd rather live on 50K as a pro gambler rather than 170K manager of some kind. (In actuality you can reverse the figures to reflect the real power of earning compared with the amount of time put in.) I don't have to kiss ass and politic to make good money playing cards. I also don't have to be concerned with the approval of others, and this is very good for me. While I am good at playing BJ for a living, I doubt I'd be good at sucking up to someone I felt knew less than I did in order to get a raise or a promotion.

    I quit my job to play BJ long time ago. Much of my motivation was not that I would make more money. In fact, my original plan was to play small units and build up my bakroll. I moved to Las Vegas where the cost of living was about half of Los Angeles. But there was one other thing that would be very different. I would now enjoy my life and have the freedom that I wanted. Yes, there was risk involved in what I planned. But it was a risk I wanted to take.

    I suspect that many people who try to turn pro have similar motivations. They are simply looking for a better life, one they might enjoy. If it means they make less money, drive an old car, and don't live in a fancy house, then that's fine. This is exactly what happened to me and I wouldn't have traded it for anything.
  • AlexD30 said:
    Bojack, I'm not betting K. If a player wants less risk then he should double his bankroll units and have K/2 K/3 K/4 or even K/5, whatever he is comfortable with. More units or play at half units of what you've got. You definitely got to bet proportionally with your edge/variance if you want to call yourself a professional. For example, in my Single deck games I use K/4 by betting (TC-1)*unit. For any other games like 6 deck shoe back counted I have a very small spread of BIG chips during the hot slug but I use the entire bank potential.

    Before I start on this path of playing BJ for living, I developed a deep repugnance of all the hierarchical bullshit, and servility you get in the workplace. My main reason of being an BJ player was and still is the freedom. The money helps, but, once my bankroll was “safe and sound”, it became much less important the actual win $/month. I'd rather live on 50K as a pro gambler rather than 170K manager of some kind. (In actuality you can reverse the figures to reflect the real power of earning compared with the amount of time put in.) I don't have to kiss ass and politic to make good money playing cards. I also don't have to be concerned with the approval of others, and this is very good for me. While I am good at playing BJ for a living, I doubt I'd be good at sucking up to someone I felt knew less than I did in order to get a raise or a promotion.

    I quit my job to play BJ long time ago. Much of my motivation was not that I would make more money. In fact, my original plan was to play small units and build up my bakroll. I moved to Las Vegas where the cost of living was about half of Los Angeles. But there was one other thing that would be very different. I would now enjoy my life and have the freedom that I wanted. Yes, there was risk involved in what I planned. But it was a risk I wanted to take.

    I suspect that many people who try to turn pro have similar motivations. They are simply looking for a better life, one they might enjoy. If it means they make less money, drive an old car, and don't live in a fancy house, then that's fine. This is exactly what happened to me and I wouldn't have traded it for anything.



    This reminds me of your progression nonsense from a couple of years ago.

    Pick a side of this argument and _stay_ with it.

    First you say you bet 4.5% of your bankroll.

    Then you say you don't play full-kelly.

    If you play 1/4 kelly, you would have to have an impossible count to bet 4.5% of your bankroll, representing an 18% advantage.

    I don't know why we even bother discussing these things with you...

    So pick a position. Do you bet full kelly or fractional kelly? If fractional, how do you get a 4.5% of your bankroll bet out and then refuse to double it since that is the proper play? It is mind-numbing to have these discussions where the target changes daily... The obvious conclusion is that this is all fantasy-land stuff or else you are over-betting your bankroll to a ridiculous RoR level...

    And please spare us all the bullcrap about professional play. 2 years ago you were 100% progression-based. So you have _not_ been playing professionally for many years. You have already burned out two of my bullshit detectors... and they were not even powered on. this is getting too expensive to continue...
  • stainless steel rat said:
    This reminds me of your progression nonsense from a couple of years ago.

    Pick a side of this argument and _stay_ with it.

    First you say you bet 4.5% of your bankroll.

    Then you say you don't play full-kelly.

    If you play 1/4 kelly, you would have to have an impossible count to bet 4.5% of your bankroll, representing an 18% advantage.

    I don't know why we even bother discussing these things with you...

    So pick a position. Do you bet full kelly or fractional kelly? If fractional, how do you get a 4.5% of your bankroll bet out and then refuse to double it since that is the proper play? It is mind-numbing to have these discussions where the target changes daily... The obvious conclusion is that this is all fantasy-land stuff or else you are over-betting your bankroll to a ridiculous RoR level...

    And please spare us all the bullcrap about professional play. 2 years ago you were 100% progression-based. So you have _not_ been playing professionally for many years. You have already burned out two of my bullshit detectors... and they were not even powered on. this is getting too expensive to continue...


    I like the one about sitting a monkey at a typewriter (now a computer terminal) and told him to begin hitting the keys in a random order and he had infinite time and life to do it. Eventually the monkey would type the complete works of William Shakespeare in the exact order as they were originally written.
  • Could you at least try to keep some of your stories straight? Its really not that hard. Just go back and re-read the posts you wrote and try not contradicting yourself so often. Perhaps ,then,someone just might fall for a few of your lines. Someday.Somewhere. Maybe.
    Just not today,and certainly not here.

    Just as an example-earlier in this thread you claimed to get a 50% annual return on your 250,000 BR,yet now you talk of living easily on 50,000 a year?
  • AlexD30 said:Eventually the monkey would type the complete works of William Shakespeare in the exact order as they were originally written.

    And eventually that monkey would type the correct formula for the critical value f. Keep trying Alex…

    Even then, the monkey wouldn’t understand a single thing that he was typing. That seems to be the case here. In one breath you say that your bankroll is so large that you don’t need to worry about ROR, but then you talk about avoiding certain basic strategy plays because you think they are too risky. You admit that you do not bet optimally, you admit that you don’t follow correct basic strategy, and you use inaccurate formulas to reach incorrect conclusions. You’re the type of card counter that makes the casinos rich! We all owe you our gratitude. Because of players like you this game will never die.

    -Sonny-

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