losing is good

[pins]

when i started playing roulette i used to win fairly often. but in the last few months i can not take a trick. but this has been a good lesson. it has cured me of gambling in the casino. i will pay a odd visit.   it beats me why people keep gambling. when the majority must lose. i suppose they have nothing else to do. they are old or housewives and life is boring. with slot machines its says win 2. the truth is you are losing 98 cents on the one dollar slot. sometimes the casinos take is 100. per cent on the roulette. no winners.  does anybody win. i wonder.

[Mr J]

I said it before, in alot of cases (in terms of roulette) there are benefits to losing!! I have learned much more from losing than I have from winning. Sounds odd but its very true. TRIAL and ERROR (testing and live play) have made me a damn good wage playing this game.

Ken

[John Gold]

Experience should tell any gambler to quit a session when they reach a profit. It is a very good habit to get into and gives you confidence in your abilty to grind out small victories. Of course it does not change the odds as such.

[Mr J]

Experience should tell any gambler to quit a session when they reach a profit. It is a very good habit to get into and gives you confidence in your abilty to grind out small victories. Of course it does not change the odds as such.

The problem with all that is definitions.

"when they reach a profit" >>> Like what, $20? ........you also have to factor in drive time for some people.

Ken

[John Gold]

chrisbis has demonstrated on the other forum how anybody with a small bankroll can triple it in relatively short time by just grinding out small daily profits.


$200 to $600 could just as easily be $2,000 to $6,000 or $20,000 to $60,000.

It all comes down to someones mindset and how they approach the game.

What makes me laugh is posters with a poor attitude to gambling come on here moaning all the time because they can't control themself and then make statements that nobody must be winning because they can't.

99% of gamblers go into the casino like a lion and come out as a lamb.

[Mr J]

I got it, not arguing with ya. Just sayin, lets say we stick with the 20% win goal 'rule'. A guy only has a $200 BR ($40)

He has a TWO hour drive to the closest casino (4 hours total). So he gets there and starts his play. What if he hit his $40 in 30 minutes? Back home?

My view, different goals are needed for different people's situations.

Ken

[John Gold]

I see what you are saying Ken but the guy's financial circumstances should not get in the way of a sound playing strategy that will give him the best chance of survival and allow his bankroll to grow to a point where he can be making $80 a trip in a fortnight's time. This scenario is really just like starting up a small business. You have to put in a few hours to get things up and running. That's the way I would be looking at it anyhow.

[pins]

some days you will never be in front.

[bombus]

some days you will never be in front.

Very true pins, very true.

And some days you just can't lose!


So how does $$$ goal setting fit in to these senarios?

Is it wise to walk away with a small profit when you're on fire and hitting winners left right and centre?

A stop loss makes some sense, but killing a profitable session prematurely makes no sense to me at all.


Losing occasionally might be good but 'losing' is not good - no way.

[John Gold]

The ideal scenario is to use the house's money to get hold of more of it. Unfortunately the upward climb is hardly likely to be smooth and continuous. We have to accept that a setback will occur every now and then. That's why the Kelly betting plan is popular amongst blackjack players.

Some kind of betting scale with plateaus needs to be developed to suit the playing strategy.

[Nathan Detroit]

*******Some kind of betting scale with plateaus needs to be developed to suit the playing strategy.******
Details  about plateaus   available by J. P. in  his  book on roulette .

N.D.

[John Gold]

cheers Nathan!

That will be on my xmas list. Funnily enough, I was just reading about that particular book tonight. JP also mentions his regression techniques as well. I am looking forward to reading it.

[Nathan Detroit]

John Gold,

Make sure that the book you are getting is the  one  with the BLUE cover  ( without  a picture of J.P.)  and  comprised of 405 pages.

You will also like  the GUARANTEE and EXCESS  method.

Nathan Detroit
HAPPY WINNINGS!!!

[Nathan Detroit]

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