THE EASIEST WAY TO COME OUT AHEAD

[Mr J]

Can I ask this (along the same lines as this topic). With a $2,800 BR, what is a 'good' profit to take home?  Ken

[lucky_strike]

You canot deny the fact that a progression (positive or negative) can give you profits in sessions that a flat bet would give you losses. Progressions are tools. They are not everything, but if used properly, they can help. It's an uneven battle against roulette, and every little tool should be used.

Kav I know members here that can win 100 sessions and above in one year.
I also know that there is so many members here who think they are home free if they apply this kind of stuff.

Why can't I have opinions?
I am not here to get enemys but I still think this is for fun actions players, what is wrong about that?

LS

[kav]

Nothing wrong. I appreciate your opinions.

[Nathan Detroit]

Ken,

Instead of giving you a point blank answer and knowing your method of play might disqualify me  for giving you  a solid  reply to your question . Therefore , what is  usually the  average  amount of your bets ?



Nathan Detroit
HAPPY WINNINGS!!!

[bombus]

I take an $1800 bankroll to play $5.00 chips, win goal 14% on turnover.

[bombus]

Can I ask this (along the same lines as this topic). With a $2,800 BR, what is a 'good' profit to take home?  Ken

I'd say between $500-$600.

[Mr J]

@Nate >> Starting out at $10 mins. and working my way up the progresssion.  The average? Thats tough, around $40. Ken

[Nathan Detroit]

Ken,

Your bankroll of  $ 2, 800.-- is very much in line  with your guess of  an average bet of $ 40 . Your Win Goal , but NOT  Win Limit , should be  10% or  about  $ 280.00. This is the  amount you guarantee yourself and keep on playing with the EXCESS until the FIRST loss.

The more money you bring to the table  the lower the percentage of your win goal. Then life is a breeze.


Nathan Detroit
HAPPY WINNINGS!!!

[curious]

Ken,

Your bankroll of  $ 2, 800.-- is very much in line  with your guess of  an average bet of $ 40 . Your Win Goal , but NOT  Win Limit , should be  10% or  about  $ 280.00. This is the  amount you guarantee yourself and keep on playing with the EXCESS until the FIRST loss.
The more money you bring to the table  the lower the percentage of your win goal. Then life is a breeze.
Nathan Detroit
HAPPY WINNINGS!!!

Can you explain the difference between Win Goal and Win Limit.

Let's say my win goal is $100.  And I have a win of $140.   Do you say I color up my buy in and my $100 win and put that in my pocket never to be touched and keep playing with the $40 until the first loss?

[stavros]

I'm a conservative type so I look for a nice even ten percent net profit at the bac table, per day.  For me that is 4 units and most of us find ourselves up 4 units at sometime during our play, no?

BTW, I play a rather high unit value and only bet about 35% of hands during a shoe.  Too many people don't have the ability to conquer themselves so they will never be able to play to make a party or fulltime income.

[Nathan Detroit]

Curious,

Win limit  means you  don`t get up once your win goal has been reached  . You rat hole the  original pile  and continue as explained which you have understood by giving your example. However  since the  results at this particular table  are  in you favor  you remain there until the first loss.

Just as a reminder I do divide my total bankroll into 3  equal sessions as  I have stated in my first post.

Nathan Detroit
HAPPY WINNINGS!!!



@Stavros,

Great discipline and realistic win goal. Congratulations. This keeps you in the winners  circle!!

Nathan Detroit
HAPPY WINNINGS!!!

[Mr J]

Thanks Nate Dogg & Bombus.  Ken

[Mr J]

 I thought of something else. lol Does TIME SPENT at the casino factor in at all (opinion of course) with your dollar amounts?  Ken

[Bazeegar]

Is the loss limit = Bank roll?

[Marven]

Marven , Your thinking does NOT even affect my way of  playing. There is  no niche for this  kind of thinking.

Who said anything about your way of playing? Or are you just saying "Worship my approach or shut up"?

(so much for professionalism...)

This is entirely objective. I'm only stating facts that aren't directed at your person but the very proposition of this thread. Let people see all angles and decide for themselves according to what they do and don't understand.

I do not pay any attention to your gibberish  like money generator, longterm loser,,deviation, negative  expectation.

As opposed to your approach, the one I referred to is exact science which will remain true whether or not gamblers chose to accept it.
This isn't from some nonsense gambling book that promotes so called "discipline" and "money management" as the ways to win on each trip to the casino.
This is a proven scientific approach used by well informed/experienced professional traders and advantage players.

You either have an edge, or you don't.

If you do, then you can simply use math-based tools to make the most out of your edge.

Basically what ou are saying is that's all about bet selection.

I disagree.
Read some of Manrique if you haven't. Or you can ask Victor.

Hi Kav.

Well, if bet selection means "what and when to bet", then yes, that's all there is to gambling and investment in general. It's all about bet selection, what else?
Anything else (e.g. money management, exit points, discipline, etc) are complementary tools aiming at maintaining profit and minimizing risk.

You canot deny the fact that a progression (positive or negative) can give you profits in sessions that a flat bet would give you losses.

Nor can you deny that there are sessions where you hit a bad run that kills your progression, but eventually your (positive) edge manifests itself and, using flat betting, you recover and end your session with a +2 units profit.

If you study and test all the angles regarding progressions, you'll find out that they aren't really worth it. Except for when, for example, using a Kelly progression with a proper bankroll (calculated based on your method's constant edge).

Progressions are tools. They are not everything, but if used properly, they can help. It's an uneven battle against roulette, and every little tool should be used.

Agreed.

[Marven]

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