progression betting is so lame

BlackjackMan312

Well-Known Member
Hey Everyone, Dont you feel sorry for the players that somehow think progression betting gives them the edge? I Mean I feel like giving them a calculator so they can find out they have to win 6 or more hands in a row for it to be more effective then flat betting!
 

AnIrishmannot2brite

Well-Known Member
BlackjackMan312 said:
Hey Everyone, Dont you feel sorry for the players that somehow think progression betting gives them the edge? I Mean I feel like giving them a calculator so they can find out they have to win 6 or more hands in a row for it to be more effective then flat betting!
That's a good way of putting it. An interesting perspective. Most gamblers just look at the "positive side" of progressive gambling and refuse to look at the near inevitable end result.

While i don't play progressive games any more (I'm really almost too careful at the tables) I sometimes will triple a loss if for some reason I've dropped four or five flat bets in a row in a neutral count. Just a psychological ploy to me. Did it the other night while well ahead over all and it served to revamp my worn spirits. Suddenly my energy went up (as did the count) and I went up another ten units over the next two shoes.

But it's kind of a bad habit. Like dropping money in a slot machine. And when it works the other way it means I'll be even more tired.

Never the less I might triple a few bets in a row someday if ever I pull WAY ahead. Just to see if I can screw the casino big time before leaving. Probably still not a good idea but interesting concept.

In the meantime I'll have to be careful not to make a habit out of it!
 

aslan

Well-Known Member
A lot of the gamblers I know would rather have one big win even if it means a lot of little losses. They are always trying to parlay little wins into big ones, and when they fail, which they mostly do, they end up with a lot of little losses. I guess its whatever turns you on. I like the prospect of a lot more wins than losses which is why I like counting I guess. I also like the idea of growing a bankroll. It;s a good way to keep score.
 

GeorgeD

Well-Known Member
aslan said:
A lot of the gamblers I know would rather have one big win even if it means a lot of little losses. They are always trying to parlay little wins into big ones, and when they fail, which they mostly do, they end up with a lot of little losses. I guess its whatever turns you on. I like the prospect of a lot more wins than losses which is why I like counting I guess. I also like the idea of growing a bankroll. It;s a good way to keep score.
Sure. Gamblers who like occasional beg wins brag about it to their friends: "I took the casino for $1000 yesterday". They think it impresses people, but some of us know they don't like to mention the dozen times they lost $100 to $200 in a session.

I used to work with a guy who went to Off Track Betting during lunch. Every week or two he would tell me he won something nice like a daily double for a hundred or two. On the days he didn't say anything, but guess is he lost his $30 - $50.
 
BlackjackMan312 said:
Hey Everyone, Dont you feel sorry for the players that somehow think progression betting gives them the edge? I Mean I feel like giving them a calculator so they can find out they have to win 6 or more hands in a row for it to be more effective then flat betting!
win 6 hands in a row? what? how would that make it better than flat betting? they will eventually hit that point where they lose 10 hands in a row and get wiped out
 

RG1

Active Member
SilentBob420BMFJ said:
win 6 hands in a row? what? how would that make it better than flat betting? they will eventually hit that point where they lose 10 hands in a row and get wiped out
You are thinking of negative progression, or martingale. I think positive progressions are more common. I have a buddy who does a 1, 1, 2, 3, 4, 5, 6 etc positive progression, back to 1 after any loss. Six wins in a row for him, as you can see, would give him a 16 unit win without doubles, splits, or BJ's. I've done the math and shown him that he is playing a losing game but he is up about $5,000 betting green playing this way.

The good news is I have taught him to count cards now and at least he walks away from moderately negative tables, and chips up more aggressively when the count is positive. Plus he now knows basic strategy (he didn't at first) and some indexes. Which I guess makes him a complete cardcounter using extreme bet cover.
 

Kasi

Well-Known Member
RG1 said:
I've done the math and shown him that he is playing a losing game but he is up about $5,000 betting green playing this way./QUOTE]

Interesting. I was just wondering how long (hands lol) you guess this guy may have been playing this way.

So he's up 200 units so far? Would you say he's incredibly lucky so far? A little lucky? Really not that surprising at all?

How many more hands does your math say he will likely be able to play betting this way before he is back to EV?

I mean if the guy started to flat-bet from here on out, it'd be a pretty long time before he got back to EV, wouldn't it?

Really, just wondering, and I don't mean anything by asking.

I mean, if I knew the answer, I wouldn't be asking :)
 

aslan

Well-Known Member
GeorgeD said:
Sure. Gamblers who like occasional beg wins brag about it to their friends: "I took the casino for $1000 yesterday". They think it impresses people, but some of us know they don't like to mention the dozen times they lost $100 to $200 in a session.

I used to work with a guy who went to Off Track Betting during lunch. Every week or two he would tell me he won something nice like a daily double for a hundred or two. On the days he didn't say anything, but guess is he lost his $30 - $50.

One guy I have in mind will tell you that he has left many a small fortune in AC. But when he bets, he does so in such a way that he will either go broke or will win something he might term "meaningful." One ploy is to bet $5k on the back line. If you lose, quit $5k loser. If you win, bet $8k. If you lose, quit $3k loser. If you win, bet $13k. If you lose, quit even. If you win, quit, $26 winner. $13X2=$26. Three wins and he has profited $26k, other wise he loses $5k, $3k, or breaks even. After that it's party time! I'm sure he's left many a $5k and $3k at the table, but then he didn't really care.
 

RG1

Active Member
Kasi said:
RG1 said:
I've done the math and shown him that he is playing a losing game but he is up about $5,000 betting green playing this way./QUOTE]

Interesting. I was just wondering how long (hands lol) you guess this guy may have been playing this way.
I would say he has made about 10 trips and played 10-15 hours/trip. So somewhere between 100 and 150 hours. And before I knew any better I won about $800 betting $15 this way. That was in about 15 hours of play. I caught one shoe where I won a few bets and got a bigger bet out, then I got three BJ's in a row with a split/double, won about $500 in that "streak". I came home, did some research, crunched some number and realized I was incredibly lucky and if I wanted to keep it going I was going to have to learn to count.

Kasi said:
So he's up 200 units so far? Would you say he's incredibly lucky so far? A little lucky? Really not that surprising at all?
I would say incredibly lucky since he wasn't even playing correct BS. Nothing rediculous like hiting a 14 against a 5, but the normal ploppy plays like S 12 v 2/3, D A v 11, etc.

Kasi said:
How many more hands does your math say he will likely be able to play betting this way before he is back to EV?

I mean if the guy started to flat-bet from here on out, it'd be a pretty long time before he got back to EV, wouldn't it?
I've deleted my work a while ago. At the time I didn't even know what EV was. I remember I proved that the house still had an edge and that was all that mattered.

I did consider that playing this way, going for a streak of wins rather than the best EV, it may be better off using a different basic strategy that would include less doubling and hitting more. But I'm not going to get into that because I've already talked too much ploppy in this post.

Kasi said:
Really, just wondering, and I don't mean anything by asking.

I mean, if I knew the answer, I wouldn't be asking :)
No problem, if I had more answers I would give them to you.
 
aslan said:
One guy I have in mind will tell you that he has left many a small fortune in AC. But when he bets, he does so in such a way that he will either go broke or will win something he might term "meaningful." One ploy is to bet $5k on the back line. If you lose, quit $5k loser. If you win, bet $8k. If you lose, quit $3k loser. If you win, bet $13k. If you lose, quit even. If you win, quit, $26 winner. $13X2=$26. Three wins and he has profited $26k, other wise he loses $5k, $3k, or breaks even. After that it's party time! I'm sure he's left many a $5k and $3k at the table, but then he didn't really care.
these two stupid phrases come to mind.. "you cant win anything if you are only betting $x" and "your here for entertainment? pff, im here to win money" (everybody at table says "yeah").. are they aware gambling is a losing venture, and that coming to the casino to win money, and not for entertainment, is retarded? ap's excluded

RG1 said:
You are thinking of negative progression, or martingale. I think positive progressions are more common. I have a buddy who does a 1, 1, 2, 3, 4, 5, 6 etc positive progression, back to 1 after any loss. Six wins in a row for him, as you can see, would give him a 16 unit win without doubles, splits, or BJ's. I've done the math and shown him that he is playing a losing game but he is up about $5,000 betting green playing this way.

The good news is I have taught him to count cards now and at least he walks away from moderately negative tables, and chips up more aggressively when the count is positive. Plus he now knows basic strategy (he didn't at first) and some indexes. Which I guess makes him a complete cardcounter using extreme bet cover.

i know positive and negative are exactly the same in the end, but here are some "sims" (haha)..

positive progression:
4 losses: -1 -1 -1 -1 = -4
4 wins: 1 2 4 8 = 15
=+11 units

negative progression:
4 losses in a row: -1 -2 -4 -8 = -15
4 wins in a row: 1 1 1 1 = 4
=-11 units

now lets add a loss/win to the end of all of those..

positive progression:
4 losses 1 win: -1 -1 -1 -1 1 = -3
4 wins 1 loss: 1 2 4 8 -16 = -1
=-4 units

negative progression:
4 losses 1 win: -1 -2 -4 -8 16 = 1
4 wins 1 loss: 1 1 1 1 -1 = 3
=+4 units
 
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RG1

Active Member
SilentBob420BMFJ said:
i know positive and negative are exactly the same in the end,
After reading most of your posts I just assume you don't understand very much, but you think you know just about everything. You even think you know more than Sonny and you haven't even read BJ attack or know how to calculate an EV??

SilentBob420BMFJ said:
but here are some "sims" (haha)..

now lets add a loss/win to the end of all of those..

positive progression:
4 losses 1 win: -1 -1 -1 -1 1 = -3
4 wins 1 loss: 1 2 4 8 -16 = -1
=-4 units
or
4 losses 1 win: -1 -1 -1 -1 1 = -3
4 wins 1 loss: 1 2 3 4 -5 = +5
=+2 units (more if any of those wins are BJ's, doubles, or splits, less if that 5 unit loss was a double or split)

this is how most positive progressions work

Even though this way doesn't give you an edge, I don't think anybody is stupid enough to bet the way you showed. Although they are stupid enough to martingale.
 
RG1 said:
After reading most of your posts I just assume you don't understand very much, but you think you know just about everything. You even think you know more than Sonny and you haven't even read BJ attack or know how to calculate an EV??



or
4 losses 1 win: -1 -1 -1 -1 1 = -3
4 wins 1 loss: 1 2 3 4 -5 = +5
=+2 units (more if any of those wins are BJ's, doubles, or splits, less if that 5 unit loss was a double or split)

this is how most positive progressions work

Even though this way doesn't give you an edge, I don't think anybody is stupid enough to bet the way you showed. Although they are stupid enough to martingale.
positive and negative are EXACTLY the same after a billion hands, go ask sonny if you want.. and that was a complete example, and if you add up the numbers, they both equate to zero.. the example you used is no different than mine.. when did i ever say i dont believe sonny? in fact, i have said many times that i think sonny is very smart and i like to hear what he has to say, but his attitude towards me, much like yours in this post, is what i dont like.. when the hell did i tell people that ANY progression system in ANY example is good? i think your just another hater, skimming thru what i say to look for something to bash me on
 

Kasi

Well-Known Member
RG1 said:
[No problem, if I had more answers I would give them to you.
Thanks very much. I appreciate your thoughts. It really is next to impossible, at least for me, to figure out things when the bet varies alot.

Although, for some reason, I just don't think the guy is as lucky as you think lol.
 

RG1

Active Member
Kasi said:
Thanks very much. I appreciate your thoughts. It really is next to impossible, at least for me, to figure out things when the bet varies alot.

Although, for some reason, I just don't think the guy is as lucky as you think lol.
Well, his biggest winning session was about $2,200. He was down $725, down to his last chip from his $750 buy-in. Most of that win was in one "streak" where I figure he must have won about 12 hands in a row with some doubles, splits, and BJ's. I calculated the chances of winning 12 hands in a row at about 1.4 in 10,000 "streaks" (win or loss streaks). That's pretty lucky to me.
 

RG1

Active Member
SilentBob420BMFJ said:
positive and negative are EXACTLY the same after a billion hands, go ask sonny if you want.. and that was a complete example, and if you add up the numbers, they both equate to zero.. the example you used is no different than mine.. when did i ever say i dont believe sonny? in fact, i have said many times that i think sonny is very smart and i like to hear what he has to say, but his attitude towards me, much like yours in this post, is what i dont like.. when the hell did i tell people that ANY progression system in ANY example is good? i think your just another hater, skimming thru what i say to look for something to bash me on
I don't have to skim through your posts to find something to bash you. I could just go to your member page, click on your posts link and then read the last sentence you wrote. Most of what you write is a joke but I have to say that it is very entertaining reading some of it when you are smoking dope.

I have a problem with it because you pass yourself off as a know it all with a high post count and people who actually come here looking for advise might believe what you say if they are gullible. Then when somebody more experienced than you tell you something that is correct you often question it. And you wonder when somebody tells you that you are the first person on their ignore list.

That’s all I’m going to say, I’m not going to get into a pissing match with a cart pushing pot smoker. (no offence to any other cart pushing pot smokers)
 

Kasi

Well-Known Member
RG1 said:
Well, his biggest winning session was about $2,200. He was down $725, down to his last chip from his $750 buy-in. Most of that win was in one "streak" where I figure he must have won about 12 hands in a row with some doubles, splits, and BJ's. I calculated the chances of winning 12 hands in a row at about 1.4 in 10,000 "streaks" (win or loss streaks). That's pretty lucky to me.

Right, No big deal. But it sounds like, even if he had lost his $750, he'd still be
$2000 ahead or so.

And, while we're saying he won 200 min-bet units his average bet is more than that. (I'm thinking).

And over 6-10000 hands or so being up 100 units (if $50 average bet) is no big deal.

And, if he's played 10,000 hands, I guess a 12 win streak happening once might be just about right.

So, kinda along those lines is what I was thinking why he's maybe not especially lucky.

But who the hell knows lol.
 
RG1 said:
I don't have to skim through your posts to find something to bash you. I could just go to your member page, click on your posts link and then read the last sentence you wrote. Most of what you write is a joke but I have to say that it is very entertaining reading some of it when you are smoking dope.

I have a problem with it because you pass yourself off as a know it all with a high post count and people who actually come here looking for advise might believe what you say if they are gullible. Then when somebody more experienced than you tell you something that is correct you often question it. And you wonder when somebody tells you that you are the first person on their ignore list.

That’s all I’m going to say, I’m not going to get into a pissing match with a cart pushing pot smoker. (no offence to any other cart pushing pot smokers)
so because i have 420 in my name i smoke weed? did it ever dawn on you that 1. ive had this name for 10 years, and 2. you seem to have a negative stereotype of everybody who smokes weed?

you and others take me to be a know it all and think that i think im a pro and a hot shot, when i dont think that at all, and if you read my quote you would know that.. also, in my posts i often insult myself on certain things.. also, most of the negative things about me seem to come from other people, not me acting a fool in my posts.. some are constantly twisting my words and statements to benefit their insults at me because some dont personally like me when you dont even know me..

countless times i have had to correct people on something they claimed i said, when i never said it, or they completely misunderstood.. like ive said before, if you have the mentality of "lets see what this idiot wrote now" you will find things that you normally wouldnt "find" if you were unbias.. a lot of my posts are fine, but you are using selective memory and remember only the bad ones, and what other people say about me, which is incorrect half the time.. i honestly dont like saying this, as it sounds like im bragging, but i could find tons of posts i have made that are dead on and very detailed, included posts below mine saying "your exactly right".. and if your talking about my non gambling posts, then your an idiot because non gambling posts are nothing but opinions and randomness..

how come you dont attack cardcounter, and others that say COMPLETELY wrong and retarded things?
 
RG1 said:
I in no way what so ever think that you are a pro.
good, but im saying that i think a lot of people on here think that I THINK im a pro, which is false.. stop assuming who i am, and who you think i think i am, and everything will be fine.. its all selective memory, as i have admitted many negative things about myself, and many things that clearly tell you im not a super AP, yet people forget about those things and forget that i am on here to learn, but i do love to type responses and talk, and there is nothing wrong with that.. the entire point of a forum is for somebody to say something, then the person below them says they are not 100% correct, then they discuss it, and the subject gets lots of answers and/or solved.. a lot of times when a guest is reading something, they will read something somebody says that is wrong, but they will think "ya, thats what i think too", and then below they will find out that is not true.. sometimes a few people on this forum tend to be ignorant and not listen when 5 people are telling them they are 100% wrong, but i am not one of those people at all, i welcome being corrected, but not criticized, insulted, and general asshole like comments
 
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