I have read many times to shoot for 20% profit, then leave. Is that 20% of your BR or 20% of your buy in? Opinions please......Ken
20% of session BR.
Buy in.
I prefer around 14% myself.
If you could consistantly earn 14 cents in the dollar on any type of investment you would become very rich without being greedy. :)
A player who limits himself to stop/win goals is doing more harm than good. This type of thinking only proves my case more. How can one win a serious amount of money using this flawed logic? The answer? YOU CAN'T! If it was 20% of your total bankroll, then in order to win 1 million dollars you would need 5 million to do it. If you are winning, you should keep playing until things subside. How else can you be expected to make any significant profit? With an up as you win progression, the compound interest can make you win a large sum of money with a relatively small bankroll. I am still playing and winning while the rest have gone home with their IMPRESSIVE 20%.
Of course you are, lol.
A 20 % WIN GOAL does NOT mean a WIN LIMIT. It is a GUARANTEE and any smart player should know what that means. and what to do with that 20 % and it does not mean leaving the table or casino.. :ok:
There is actually much more to know than meets the eye how to handle all the subsequent wins. But this again is part of the lnowledge of REAL expert players.. Those cats know how to operate on ALL cylinders.
Nuff said.
Nathan Detroit
HAPPY WINNINGS!!!
The key question is: " If my stop win is at x% of my session bankroll,how many sessions do I need to ricover all my session bankroll if I lose it all?"
If the answer is: I need 5 or 10 sessions(stop win at 20% or 10%),this is too much!!
To ricover a session bankroll it would need maximum 3 sessions,but 33% as stop win seems too much!!
So what?
We come back to the rule number one of all players:play only a few spins and don't fraction too much your session bankroll.
For me:session bankroll 10 units at the most,stop win at 3 units!
But playng like that you don't have fun!!
So the choice is:play for fun and lose,speculate and play in a boring way and MAY BE you can win small amounts of money!!
Am I wrong?
@Nate >> I like when you say... 'Nuff said'
I'd like to know where this magic figure of 20% comes from. My guess is it should be lower than that, somewhere between 5 and 10%. I investigated this and found that, for example, in 100 spins playing the even chances you won't ever be more than about +7 units ahead flat betting, which would make a conservative estimate of 5% more realistic.
G'day,
Quote from: Mike on September 30, 2010, 04:42:20 PM
I investigated this and found that, for example, in 100 spins playing the even chances you won't ever be more than about +7 units ahead flat betting,
You talk like Garnabby!
The self professed losers tell us they can't win, fine,
but then they want to tell NON losers that they to will lose!
Would you go to a financial planner that has been bankrupt 10 times for advice?
"Oh, You can't make money on Forex, Shares or Property, I lost!!"
As for the idea that we're all making it up (being winners),
keep telling yourself that, you're as WRONG about
that as you are about the MATHS involved in Roulette!!
Don't bother asking or trying to ridicule me, I've got the money, YOU haven't!!
Glenn.
I liked your post Glenn. I said it before, people that do not do 'well' playing this game, HATE others that do. I guess jealousy, but I'm not real sure, dont quote me on that. If THEY cant win....nobody else should be able to win. :girl_wacko: Ken
Wow, you guys sure are touchy. Where did I say you can't win in this thread? I post a comment asking where the 20% comes from then present my own findings based on actual research, and I get this. :sarcastic:
Because you know, deep down, that your winnings (if any) are based on luck, and only luck, it really bothers you that someone else seems to know what he's talking about, then you start to scream "go away and leave me with my delusion! please don't tell me the truth! I can't handle it!"
None of the systems in this forum are based on anything other than hope. They are just plucked out of thin air with no basis or foundation in mathematical facts. If you actually did the proper analysis you would realise that none of them will work consistently.
Just a simple "I don't know where the 20% comes from" would have done, but no, you have to ignore the question and start with the personal attacks. That's not helpful to anyone. This could have been an interesting discussion about what is the best percentage to aim for and why, someone might even have learned something. But you prefer to make it a battle of egos. What about the truth? isn't that more important? apparently not.
A 20 % return is more likely to happen on a fairly consistent basis.
The 10 % return is an intelligent figure and not difficult to reach while 5 % is SUPER intelligent and smart .
Nathan Detroit
this is how I play, I aim for 50% profit, if and when reached, playing straight up numbers playing 0.10 min rng
Bank roll £100
50% profit £50
(if lose bank roll, stop, play again tomorrow)
New Bank roll £150
50% profit £75
(Stop play if total bank roll drops to £110)
New bank roll £225
50% profit £112
(Stop play if total bank roll drops to £150)
New bank roll £337
50% profit £168
(Stop play if total bank roll drops to £225)
New bank roll £505
continue repeating staking plan
Quote from: Nathan Detroit on October 01, 2010, 10:59:18 AM
A 20 % return is more likely to happen on a fairly consistent basis.
The 10 % return is an intelligent figure and not difficult to reach while 5 % is SUPER intelligent and smart .
Nathan Detroit
Take this to its logical conclusion: So if you aim for 0% return then you are a genius! ;D
Mike ,
You GOT it !! Then as a GENIUS with 0 % win goal you had a great entertaining day at a casino . Got some free c**ktails, maybe a comp for a dinner \or even a free room and enjoyed the 30 gallon boobs hanging over the table.
Adding up the free c**ktails , a free dinner , and an overnite stay : YOU are a winner !!! Not to forget a free Show.:yahoo:
That`s ALL for FREE.
Enjoy your self , it`s later than you think!!!
Estmated prices.
Cocktail $ 9 .00
Dinner $ 35.00
Room $ 125 .00
Show $ 45.00
You could afford the $ 5. 00 Parking fee. LOL
Nathan Detroit
I like the way you think Nathan. I guess the comps won't be great if you're aiming for 0% though. ;D
Nate is near the top of my list....knowing his s**t. Talesman, Buffster also in that group. Ken
Mike,
It all depends upon your method of play ,chip value , amount of buy in , consistency of bets , time at the table.
Nathan Detroit
HAPPY WINNINGS!!!
P.S. On my part I do have a back up game to be used in between roulette sessions which also produces points towards the comps. :ok: