I have to also add it can go the other way as well. Years ago, back in college, I went to Vegas on my own. Couldnt find a $5 table that was empty so I sat as the lone player at a $25 table. Bought just four checks. I played almost forty hands and only lost 3 of them.
--- In vpFREE@yahoogroups.com, "Sai Sai" <gofastnismo@...> wrote:
>
> My brother in law lost 10 hands in a row at the Rio a few years back. Its very possible.
>
> --- In vpFREE@yahoogroups.com, Paul Coleman <pdcolemanjr@> wrote:
> >
> > Assuming it was possible and you had all the time in the world wouldn't you just start with a 5 dollar bet and then double up each time. You would have to loose 8 hands in a row to loose. Odds of that are pretty close to impossible Wrong?
> >
> > Sent from my iPhone
> >
> > On May 7, 2011, at 12:14 PM, "Mickey" <mickeycrimm@> wrote:
> >
> > >
> > >
> > > --- In vpFREE@yahoogroups.com, "chev59el" <dje59@> wrote:
> > > >
> > > >
> > > >
> > > > --- In vpFREE@yahoogroups.com, "Mickey" <mickeycrimm@> wrote:
> > > > >
> > > > > You have $1000 and intend to play blackjack until you double the $1000 or go broke. This particular blackjack game has a theoretical return of 99.6% with basic strategy. You know basic strategy but don't know how to count cards. You will be the only one playing and the deck will be shuffled after every deal.
> > > > >
> > > > > What is the optimal bet sizing to give you the best chance to double the $1000?
> > > > >
> > > > ----------------------------------------------------
> > > > Pretty easy (I think). Bet once - $1000. If U bet less every time U R playing @ 99.6%. I'm not taking into account chances 2 double & BJ, etc. so I cud B wrong.
> > > >
> > > >
> > > >
> > > Winner! Chicken Dinner! By breaking your bets into increments of $1000, and betting over and over again, the compound effect of negative expectation gambling kicks in. Your best chance is to bet the whole thing at once. This speaks to the conflicting interests that gamblers have; they want to win, but they also want their money to last awhile.
> > >
> > > My old buddy, Black Bart, the guy that taught me how to hustle credits about 1992, was a case study in compulsive gambling. He could never go to sleep with a dollar in his pocket.
> > >
> > > His Margingale worked like this on the craps table. He'd bet 1 unit. If he lost that bet he'd double up and add one. So the next bet would be 3 units. If he lost that bet then the next bet was 15 units, etc.
> > >
> > >
> >
> >
> > [Non-text portions of this message have been removed]
> >
>
