Oh, we all know the biggie......greed for money won. We win a little and we want to win more. We greedily go for the big kill and usually we get killed.
But there are other forms of greed. I have experienced two of them.
The first is the greed for not loosing. winkel, who claims to have the "Grail", says losses are inevitable. You take you losses and jump back. How many times have we bet just a little more for one more bet and lost? Then a little more and a little more and so on.......
Soon we've dug ourselves into a hole all because of greed. Not for-money greed, but for-wins greed. We want all the wins. We don't want any losses on our tally sheet. So we commence a Martingale. Geez, this thing's gotta hit in the next three!!
The second is the greed for time. The 4Selecta only calls for a bet a minimum of every third spin. Why not fire up Track 3 and find a crossing or two? Or fire up Leon Pro 2 and find a Leon/murph corner to bet on? Plenty of time.
Then it all comes at once......all the numbers need to be down and you miss one. Guess which one!! You got it. You swear the Devil himself spins the wheel. 23 numbers bet and you forgot the six. Six Black Small Even First Dozen......
The greed is plainly and simply why I screwed up so badly on my first test of the 4Selecta with real money. I was doing other things while I should have been paying attention. Not the systems fault!
I will now control all forms of greed. I WILL control all forms of greed. I will CONTROL all forms of greed. I will control all FORMS of greed. I will control all forms of GREED. I wrote this for me as my brain only gets it when I write it. If you get a little out of it, so much the better.
TwoCatSam
QuoteWe greedily go for the big kill and usually we get killed.
This reminds me so much of this character:
nolinks://vlsroulette.com/roulette-and-gambling-framework/the-perfect-loser/ (nolinks://vlsroulette.com/roulette-and-gambling-framework/the-perfect-loser/)
;)
Victor
Took a look at that and there I am. I am happy to state that I no longer do those things I once did. Perhaps I've move from the perfect loser to the occasional loser due to stupidity.
I'm now chasing things I really, honestly feel work, but chasing two at a time. Old Chinese proverb: Man who chases two rabbits catches neither!
Must burn that into my mind!
A good Sunday to you and yours!
Sam
50% - mind
25% - system
25% - revresbo
:)
Ron.
Ron
Rather than rack my already-racked brain, I'll just ask:
What is revesbro?
Sam
Look at it from a different angle ;)
Two cat,
There is no such a thing as "greed". There are winning methods and loosing ones. If your method is proven to be a winner, the longer you play the more you will win. And vice versa. Why break your balls trying to figure the "right" time to exit the table? If you have the right plan just keep on playing as long as you feel like it. So called "money management" is useless unless you have a winning way to play. If you do have a winner, then you really can use money management to grow your bank roll.
Insidebet
Forum!
Is there greed?
Sam
Quote from: insidebet on October 19, 2008, 06:29:37 PMThere is no such a thing as "greed". There are winning methods and losing ones. If your method is proven to be a winner, the longer you play the more you will win. And vice versa.
I agree with this 100%.Once you have that winning method, the only thing you have to deal with is bankroll variance!
Lohnro
I'm blown away!
More input from more members please!
Sam
I disagree. I think there is too much greed. No system wins every time. You can waist many profitable sessions because of greed.
Ron.
I should of explained my answer, sure, playing roulette greed will kill you, but so will playing safe.
Just forget about Roulette for a minute, and imagine, for every bet you place you have a 5% edge. Win or lose, in the long run you win 5%. As insidebet wrote, with an proven edge the more you bet, the more you will win. So how could you get greedy or not greedy, it is not relevant. The only way you could be greedy is if your bankroll does not cope with the size of your bets!
Hey TCS. Rule#1 you set an exit high/low BR balance. If you break that rule, either way is greed (@ that point you have lost self-control and are in a bad place.)
Quote from: insidebet link=topic=3930.msg25342#msg25342 date=1224448177
Two cat,
There is no such a thing as "greed".
Insidebet
Quote from: hoper35 on October 19, 2008, 08:13:01 PM
I disagree. I think there is too much greed.
Ron.
You guys are right.
Sam
QuoteIf your method is proven to be a winner, the longer you play the more you will win. And vice versa. Why break your balls trying to figure the "right" time to exit the table? If you have the right plan just keep on playing as long as you feel like it. So called "money management" is useless unless you have a winning way to play.
Couldn't agree more. As I said in another post:
Either your method gives you an edge or it doesn't.
If it does, then you want to bet as often as possible and for as long as possible (like the casinos do).
If it doesn't, then you shouldn't be betting at all.
Everyone wants to complicate it, but it's really as simple as that. To determine when to leave or continue based on what you've won or lost is illogical in the extreme, and that's putting it politely. If your system is a winner then all you're doing by stopping at your target is to reduce your profits. If the system is a loser then stopping after predetermined losses is only going to postpone the inevitable disaster, like the man re-arranging the deckchairs on the Titanic (actually, that didn't
postpone anything, but you know what I mean).
@ insidebet, I'm interested in your approach (assuming you have one), have you posted details elsewhere in the forum?
Bliss,
Thanks for the support. (And Lohnro also). I am relatively new to this forum, although I have been looking at it from time to time for the past two years. (VIP).
Everybody has the right to have his own opinion, otherwise it would not be very much fun.
Having said that I have repeated over and over again that I have tested hundreds of systems involving entrance and exit points. None of them show a profit OVER A LONG PERIOD. Most of them show excellent profit over a SHORT period. That is the chore of the problem: when to jump in and when to jump out? To my humble opinion, there is no answer to that. This is random. Period. Trying to "time" entrance and exit points is just relying on luck.
Same goes for progressions. But there again I am repeating what I have said a good ten times already.
All this blur the Big Picture. What you really want to know is: can I play one or several numbers in full or otherwise with a positive expectation? If the answer is yes, you go and play as long as you can respecting some sort of money management, so, in case of a bad run, you don't loose your entire BR. If the answer is no, then just stay on the sideline.
Insidebet
Mr. Chips,
It depends on the frequency of bets and the number of different layouts.
Ex. If you bet one number once every twenty spins, you need to test this at least 500 000 spins to have any idea.
If you bet that same number every spin, well, divide by 20.
If you bet 24 numbers every spin, probably 20 000 spins will give you a good indication...
This is all an approximation. I have not made exact calculations on this. But I think you get the idea.
Insider
greed exists. i win 50. and i say to myself i go when i make it into a hundred.. i finish up losing a hundred.
tell me about this winning method. has somebody solved the problem of winning.
My old friend, Coussin Gonflable, wants to borrow my keyboard. Go, Coussie!
Hooboy! I tell you one something. Greedy bastards ruin my 401K.
That's it? Well, there you have it!
Sam
Twocat,
Don't worry about your 401. The Dow will be at 14 000 within three years.
Insider (from Bay street)
My RRSP is not looking very good, either.
Doing better at roulette (so far).
Ron (from York & Wellington).