EasyRhino
Well-Known Member
I hope you aspire higher. As I have probably demonstrated, I'm at the "more money than sense" level right now, (thanks to my flogging of the online casinos).Tom007 said:Can't wait to get to your level!!!
I hope you aspire higher. As I have probably demonstrated, I'm at the "more money than sense" level right now, (thanks to my flogging of the online casinos).Tom007 said:Can't wait to get to your level!!!
Heck, that makes the two of us, I love reading Rhinos posts, very informative and I can literally picture the feelings he feels and the wild swings of emotions that come with these good and bad streaks. Cold steel nerves are required for this game and I am still learning how to get those nerves.Tom007 said:Hey Rhino,
Thanks for sharing that great story, I totally believe that by the way you are able to analyze your game after each trip, you will be one of the Sonny's or Zengrifter's of this great game. I have enjoyed reading all of your posts and have learned a lot from them. Keep em coming.
Can't wait to get to your level!!!
yeah, i've been wanting to comment on this phenomenon. unfortuanately i don't fully understand it. after all overbetting in a very real sense is subjective because it is dependent upon risk of ruin. the point being ROR allows for us to make a decision about what percent risk of losing our entire bankroll are we willing to live with.EasyRhino said:..... I guess here is where the mantra about not overbetting your bankroll proves itself once again.
If you are betting the optimal bet, your ROR will always be about 13.5% I think.sagefr0g said:but for the sake of discussion let us say we come up with some ROR = x% .
then yep according to Wong in Professional Blackjack it is a proven mathematical fact that if you overbet by over twice your optimal bet you will definately go broke in the long run even if you are playing at an advantage.
interesting thought. i'm not really sure but i believe even with Kelly oriented betting you could get down so far (bankroll-wise) that you wouldn't be able to continue play properly ie. actions such as doubling and splitting could become impossible as well as max bets for a given TC.Kasi said:If you are betting the optimal bet, your ROR will always be about 13.5% I think.
So if u r betting half-Kelly, and then bet twice your bet, I guess u would not be guaranteed to go broke.
Anyone think that's right?
sagefr0g said:interesting thought. i'm not really sure but i believe even with Kelly oriented betting you could get down so far (bankroll-wise) that you wouldn't be able to continue play properly ie. actions such as doubling and splitting could become impossible as well as max bets for a given TC.
point being (if i understand correctly) ROR is really risk of ruin even with Kelly betting for real world advantage blackjack play. /QUOTE]
Well to me I'm assuming one would never change the optimal bets given the original bankroll, game penetration etc. Then the probability of doubling ur bank before halving it would be 67%.
So the 13.5% ROR is a logarithmic function of that. Of course you could in real life adjust your bets at any time to ur current bankroll.
So a full kelly bet always has the same ROR.
Not sure, but, theoretically, if u adjusted your bets to your bankroll after each bet, you might never go broke.
yes that's the theory and i guess the mathematical reality. problem in reality you could end up adjusting your bets down so low that they are below the table minimun or you could end up not being able to split, double down when your supposed to. in other words you might end up with still some money but not enough to play.Kasi said:.....
Not sure, but, theoretically, if u adjusted your bets to your bankroll after each bet, you might never go broke.
EasyRhino said:...
It was hard managing things with a group of civilians in tow. They kept playing roulette. Then they wanted us all to play hold'em, until we realized that we'd just be pushing money between ourselves, with a rake. They wouldn't wait while I was backcounting a table, and would jump in right away. One of them asked me what the count was when I mentioned we should take a break from the table. We got in arguments over whether they should split 9's or take insurance when they have two tens. I asked one to explain the Martingale to me while I was doubling my losing bets in a rising count.
... It was actually pretty fun.
Why would you lecture civilians just for fun? Telling ploppies you are good can only be -EV.mdlbj said:I always have alot of fun with civilians in tow. First I lecture them until they are bored with the whole AP idea and then they stand behind me and watch my play. Its one of the only ways I can make a layman understand the value of mathematics in a casino. Also, they sit and listen to my stories and watch me act like a moron while I beat the house. It makes believers out of skeptics.
You know easy, I think I will write about this subject, thanks for the inspiration.
By "civilians" I think he meant friends he brought to the casino.ScottH said:Why would you lecture civilians just for fun? Telling ploppies you are good can only be -EV.
Haha, I am not worried about negative karma. If I could I would get someone to make a dumb play if I knew it would help me.Automatic Monkey said:You never want to get anyone to make a bad play for your benefit, there's too much negative karma in that.
Well if you're someone who would do that to a civilian, I'm not going to tell you how getting someone to play bad can help you!ScottH said:Haha, I am not worried about negative karma. If I could I would get someone to make a dumb play if I knew it would help me.
Even though I could care less about karma, I still almost always give good advice since I havn't come across a situation where getting someone to play bad would help me.
Actually, I can think of one way it would help me indirectly. Go ahead and tell me all you know about this and we can see if I was right.Automatic Monkey said:Well if you're someone who would do that to a civilian, I'm not going to tell you how getting someone to play bad can help you!
There are a few things you can do. One of them is encourage civilians to eat up cards in bad counts. It's worth pennies. Or there are techniques invovling splits- where you can encourage them to split and play one half yourself, or encourage them to take one half of your defensive split.ScottH said:Actually, I can think of one way it would help me indirectly. Go ahead and tell me all you know about this and we can see if I was right.
I usually give good advice, but if I don't want to sound like I know BS well and they ask for advice I just say "I don't know."Automatic Monkey said:There are a few things you can do. One of them is encourage civilians to eat up cards in bad counts. It's worth pennies. Or there are techniques invovling splits- where you can encourage them to split and play one half yourself, or encourage them to take one half of your defensive split.
This is not a good idea. You're better off teaching them legit basic strategy, and putting money on their hands when the time is right. Make no enemies in a casino.
No that's of no value.ScottH said:I usually give good advice, but if I don't want to sound like I know BS well and they ask for advice I just say "I don't know."
The idea I was thinking of was to try get them to play bad so they bust out and get off of the table.