kewljason said:
100X max bet seems like very adequate BR to me. One that I have always lived by as well. I actually go about 125-150 max bets, but many people claim I am too conservative. Being limited in replenising my BR I suppose I am extra cautious....
Well, it's not like that there's anything wrong in thinking in terms of ma bets, it's just that the number of max bets can vary greatly depending on how one plays the games, etc.
So, attached by way of example is Table 10.43 from Don's BJAIII for a 4.5/6 DAS game.
I'm hoping maybe you and/or Finn Dog may have the book but no matter. It's nothing that isn't obvious by just looking at the tables.
So in this particular game a play-all 1-12 spread with a $10K roll betting "practically-speaking optimally" and playing all hands means one spreads $10-$120 with a close-to Kelly ROR (since it's not quite "optimal" because nobody can bet that way lol). So this person has ~83 max bets in his roll.
In the same game this guy chooses to back-count and bet as optimally as he can. He enters at TC+2 with a $100 unit-bet and spreads 1-3 with a $300 max bet with the same $10K roll. He never plays a hand below TC+2 because mid-shoe entry is allowed. He has about the same risk although he only has about 33 max bets in his same $ roll.
If the back-counting guy were to play with 83 max bets and have a $25K roll, his risk is negligible compared to the 1-12 play-all guy.
Even though the back-counting guy is only playing 16 hands of every seen, he makes more per hand and per hour. His SCORE is twice as good. He has more $ Stan Dev but less unit SD.
If you have the book, go to Table 10.44 when suddenly it is now a 5/6 game, everything else the same. You want to spread 1-12. Except now the optimal 1-12 $ spread is $15-$180 and you now have 10000/180 max bets in your same $10K roll with the same risk but, as it turns out, you wouldn't cahnge your $ back-counting spread. Note that the TC's one might bet x within that 1-12 spread may also change.
Go to Table 10.42 when suddenly it's a crappy 4/6 game with same everything else. Now your 1-12 spread is $5-$60 and you have 10000/60 max bets in your roll with the same risk. Bet the same 1-12 spread here, except you keep the same $10-$120 spread and you are possibly over-betting and risk has changed if the same $10K roll. Even the 1-3 back-counting guy would want to change his spread to $75-$225 instead of $!00-$300 and still keep his risk the same with the same $10K roll.
Go to Table 10.9 in a 75% pen 8D game with same rules and same everything else and play-all and spread 1-12. Now it's a $5-$60 even though the pen is 75%. Once again the back-counting guy has to spread $75-$225 to keep his risk the same. A back-counting guy will change his min unit and keep risk the same becasue he never plays a -EV hand. If the play-all guy tried to spread $10-$120 when back-counting becasue that's what he did when playing-all, then he has a really really low ROR with same $ roll. Not that spreading 1-12 when back-counting is even feasible. Spread 1-2 or 1-10 your win rate won't change that much anyway.
Don't forget if one changes one's spread from 1-16 to 1-8 in some play-all stuff, it's likely the $min to $max will, or should, change too.
Or, you could back-count and spread 1-3, $10-$30 with only a $1K roll and same risk. 100 units is 100 units and will have same risk with any $ roll if you change $unit but keep a 100 unit total roll.
Just a long way of saying it likely pays to buy a sim so it can tell you all this stuff lol.
A long way of saying, whether "conservative" or not, try to bet in a way that keeps one's risk where you like it as conditions or styles of play may change. Let your EV fall where it may while keeping risk the same.
Why would anyone ever want to play one way at one risk and another way at another risk kind of thing?
If one goes by some "max-bet" rule for all circumstances, all one knows for sure is one is very likely playing at, quite possibly, very different risks.