johnked6 said:A survey showed that 75% of people in a casino were ahead at one point in their visit. Most of those people went home losers though because they failed to leave when they were ahead. I don't belive in the camp that says all the blackjack you've played can be seen as one big series. Blackjack is a game of ups and downs, If you leave mostly on the ups then you'll come out ahead over time.
Ray said:Alex- What you have said is true,of course, but there is an even more
practical way of looking at the matter. No matter what your skill level
is, you must win more in your winning sessions than what you lose in
losing sessions, otherwise, why play at all. This is where limits show just
how artifical they are. Suppose that you are a $400 BR, $5 player, and
you set a $250 loss limit. Well, we know that during a session you will
have large swings from time to time and many times you may exceed
some loss limit like the $250. How do you know, at this point, that you
want come back to double or triple your money for the session? You don't
and this type limititation can't possiblity be in your best interest. The same
is true for win goals. When you frame your playing time with limits you
are making sure that you will always be a long time loser.................
Ray
wds_42 said:Liezel,
Have you ever consider taking up golf?
Renzey said:To shed some light on the futility of quit points, try to answer this riddle:
You and your friend work in the same office and decide that you'll bet on the flip a coin every afternoon during your coffee break. You'll play for one dollar per flip -- even money. You can quit anytime you want -- be it after the very first flip, or when your twenty minute coffee break is over. Being a staunch believer in quit points, you decide that you'll quit anytime you get one bet ahead for the day, then come back again tomorrow as another 50-50 shot with the same game plan in mind. It can be mathematically demonstrated that using this "money management" technique, you'll be a winner on roughly 80% of your coffee breaks. The question is, what will be your financial status at the end of a 20 year career?
Renzey said:To shed some light on the futility of quit points, try to answer this riddle:
You and your friend work in the same office and decide that you'll bet on the flip a coin every afternoon during your coffee break. You'll play for one dollar per flip -- even money. You can quit anytime you want -- be it after the very first flip, or when your twenty minute coffee break is over. Being a staunch believer in quit points, you decide that you'll quit anytime you get one bet ahead for the day, then come back again tomorrow as another 50-50 shot with the same game plan in mind. It can be mathematically demonstrated that using this "money management" technique, you'll be a winner on roughly 80% of your coffee breaks. The question is, what will be your financial status at the end of a 20 year career?
sagefr0g said:please would someone post the math for this riddle. i'm very, very interested in this particular scenerio but don't have the probability math skills.
would be very, very much appreciated!
QFIT said:The math is quite simple. Expected result = Number of events times Advantage of each event. The advantage is zero. Therefore, the expected result is zero no matter what number of events.
QFIT said:Unfortunately playing BJ is like sitting backwards in a car. You can see the past; but not the future.
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