understanding gambling?

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stevel96a1
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Joined: Sun May 07, 2017 5:52 am

Re: understanding gambling?

Post by stevel96a1 »


unfortunately you are correct, not playing is best option right nowand 33 max bets well 20 should last me 4 hr of gambling but id hate to see 2 grand get eaten alive so fast followed by a barring, i already read many post on different forums  recently from casinos cheating or one guy lost 100 units. i can't accept that right now either

stevel96a1
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Joined: Sun May 07, 2017 5:52 am

Post by stevel96a1 »

i tried wonging Bill, in atlantic city, did it 3 times bet 20$ when count went uptrip one easy 90$ 5min of back counting trip two easy 85$ 1hr of back countingtrip three hard 70$ 6hr of back counting, one point i was down 400$ but ended with +70$4th trip on my birthday i lost 600$ cold cash back counting no matter what i did i losttook 12hr 6+hr saturday and 6hr sunday and my bankroll was gonenot a big fan of backcounting after that

Jstark
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Post by Jstark »

So after only FOUR tries, you're convinced?

Gronbog
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Post by Gronbog »

Steve, using the formula I posted and your session bankroll of $600 with a $20 max bet (30 max bets) and assuming that you were back counting and had the 0.6% advantage that you posted, your risk of being down $600 at some point was over 76%.It's not that back counting doesn't work. It's that you were grossly under bankrolled.

stevel96a1
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Joined: Sun May 07, 2017 5:52 am

Post by stevel96a1 »

convinced its not worth  back counting? yesi won some money back counting, and i lost all my money back counting true its a small sample size 4 trips but not willing to go through that again , stand and watch other people play watch the count rise after 1-2hr, and if everyone doesn't jump in, sit and play a few hands, hear other crap from other players when you leave cause count went down. maybe if my 600$ roll never disappeared id keep going, but im not gonna back count 300$ for a 600$ loss just to stand around and watch other people play. i am sure the math is there even with those horrible atlantic city 8 decker rules, i think i was better off playing five joker poker or progressive jacks or better oppose to back count 10 or 15$ tables with such a small roll

stevel96a1
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Posts: 1126
Joined: Sun May 07, 2017 5:52 am

Post by stevel96a1 »

wholly molly only playing positive shoes with 30 max bets i was at a 76% of losing all?did you punch in atlantic city rules 8deck h 17? no surrender?i think i used the kiss 3 coount unbalanced but still gets the $$$ like everyone saysman i was better off playing jacks 9/6 with that 600$ id stand at a 50% oppose to 76%

Jstark
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Post by Jstark »

Your guaranteed to lose it all on any negative EV game. The house edge will eventually grind you down to $0 no matter how many royals you hit.

FAA
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Post by FAA »

You'll most likely do better in 15 minutes than 115 minutes. I can confidently posit this from experience.

Gronbog
Senior Member
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Joined: Tue Jan 09, 2018 4:59 pm

Post by Gronbog »


wholly molly only playing positive shoes with 30 max bets i was at a 76% of losing all?did you punch in atlantic city rules 8deck h 17? no surrender?I just used the 0.6% edge that you quoted. I have no idea if you had that edge or not. If you think your edge might have been lower due to the rules, then your RoR was even higher.

billryan
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Joined: Thu Jan 15, 2009 1:20 pm

Post by billryan »

wholly molly only playing positive shoes with 30 max bets i was at a 76% of losing all?did you punch in atlantic city rules 8deck h 17? no surrender?i think i used the kiss 3 coount unbalanced but still gets the $$$ like everyone saysman i was better off playing jacks 9/6 with that 600$ id stand at a 50% oppose to 76%

Its because you are very underfunded. The first thing you have to work on is your bankroll. The next is finding $5 tables. $3,000-$5,000 is an okay BR for a $5 minimum game.

Inevitably, you will get a hand like this. You split 8s at a max bet vs a 6. Your first hand gets a two so you double down. Your next hand pulls another 8 so you split again.
One hand draws a three so you double down. The next hand draws an 8 so you split. Both hands get faces so you have 7 max bets out. Dealer turns over a 5 to make 11 and draws a face. & max bets lost on a single bet. Thats nearly 25% of your BR lost on one hand. It will happen and will happen often.
Obviously, you'll win a lot of times in the same situation but losses like that kill under funded players.
You might be better off hunting down a good video BJ game. They are rare but do exist.
My best advice is- build your BR and educate yourself more.   

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