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#11
October 22nd, 2011, 02:50 AM
 21gunsalute Executive Member Join Date: Aug 2009 Location: Area 51 Posts: 1,144

Quote:
Schizophrenic?
#12
October 22nd, 2011, 07:30 AM
 tthree Executive Member Join Date: Mar 2011 Posts: 2,277

Quote:
 Originally Posted by bejammin075 someone I know who was going to Vegas with this big dumb grin, telling me about this type of betting system. Assume it works as planned for a while. If you get a few losses in a row, you make it all back, and then some, with a win. But that "and then some" is just your minimum bet. So if your min bet is \$10, at the end of the run, you make \$10. So five losses in a row, followed by a win, you lose 10, 20, 40, 80, 160, totalling \$310, and you win \$320. Putting up over 300 to win 10 is a very risky plan. And then figure you are going to have losing streaks that could easily get just a bit longer, and pretty soon you are faced with the absurd strategy of putting several thousands at risk just to get \$10.
The OP outlined an even more aggressive style than the traditional martingale.
Win 1 bet progression: \$10
Win 2 bet progression: \$30
Win 3 bet progression: \$100
Win 4 bet progression: 0
Win 5 bet progression: -\$150
Win 6 bet progression: \$50
Lose 6 bet progression: -\$950

I know I don't need to go into the math to show why this is worse, if it doesn't correlate to the count, than a traditional martingale.
#13
October 22nd, 2011, 10:52 AM
 Terc Member Join Date: Oct 2011 Posts: 2

For the people asking why my outlook towards this guy changed over the course of the session, here's an explanation:

At first I was concerned because he was a young guy like me, so I felt bad for him. Then when his reckless betting was actually rewarding him with wins, I became annoyed that he was not getting an 'appropriate' result. When he finally lost, I was happy not necessarily in a sadistic sense to see him lose everything, but because I saw him lose with an unreliable strategy. If he hadn't lost like that, he probably would have continued playing that way believing it was a viable long term plan. Also, I don't know about the rest of you, but it does annoy me when people are betting near table max at negative counts and pulling natural BJ

As for the reference made to me being schizophrenic, I think you need do do some research on mental illnesses. I have neither delusions nor hallucinations; my description of this guy being visibly shaken by his losses was simply emphasized for the purpose of the story

Last edited by Terc; October 22nd, 2011 at 10:56 AM.
#14
October 22nd, 2011, 10:59 AM
 21gunsalute Executive Member Join Date: Aug 2009 Location: Area 51 Posts: 1,144

Quote:
 Originally Posted by Terc For the people asking why my outlook towards this guy changed over the course of the session, here's an explanation. At first I was concerned because he was a young guy like me, so I felt bad for him. Then when his reckless betting was actually rewarding him with wins, I became annoyed that he was not getting an 'appropriate' result. When he finally lost, I was happy not necessarily in a sadistic sense to see him lose everything, but because I saw him lose with an unreliable strategy. If he hadn't lost like that, he probably would have continued playing that way believing it was a viable long term plan. Also, I don't know about the rest of you, but it does annoy me when people are betting near table max at negative counts and pulling natural BJ As for the reference made to me being schizophrenic, I think you need do do some research on mental illnesses. I have neither delusions nor hallucinations; my description of this guy being visibly shaken by his losses was simply emphasized for the purpose of the story
Why worry about if anyone else at the table is winning or losing? It doesn't affect you at all. Ploppies have short term fluctuations just like everyone else. Don't worry about it. Concentrate on your own game.
#15
October 22nd, 2011, 11:08 AM
 tthree Executive Member Join Date: Mar 2011 Posts: 2,277

I bet they are back at it today. Their confidence indicated they are up so far. Few of these types quit while they are up with a losing strategy. They wait until they are way down to admit the truth.
#16
October 22nd, 2011, 11:41 AM
 FLASH1296 Executive Member Join Date: Oct 2007 Location: East Coast, U S A Posts: 3,749

I am one of the sole posters actually qualified to diagnose anyone.

It is not a wise thing to do - tossing about terms like "schizophrenic"

so … "Cut it Out" !
#17
October 22nd, 2011, 04:10 PM
 stopgambling Senior Member Join Date: May 2011 Location: north Posts: 117

i thought most of the \$\$\$ are from the pathological gamblers, not from the masses of average small time players.TO ME ,THE CASINO IS A BUSINESS THAT PROFIT FROM PEOPLE 'S MISERIES.NOT TOO MUCH different from drug ,alcohol,tobacco .....etc....Sure ,nobody pointed a gun to their head to gamble ,but if it is there ,then people will go . I m sure they did extensive study to prove that it is a great business before they did when it all started!! i heard this dealer said something about my endless complains of bad cards and stated no one forced me to come !!!Good call ,The casino already knew ,there will be a good number of people that will get in too deep in these so called "games".So they profit big time ,yet we are the citizens that have to deal with the social problems??W T H???? If they can do it for their own gain,why can we?? I am sure if he was the one that was losing ,he would not feel good about it .So why would he be an a -ho and talk like that ???Wish he have to pay some kind of price for this just like everybody else.We all payed some kind of price for this industry,directly or indirectly .Well ,nobody said life is fair ,so i will continue to try to win from them for my personal gain ,do what i can to get what i can !!!!!!!
#18
October 22nd, 2011, 07:09 PM
 AussiePlayer Senior Member Join Date: Jan 2010 Posts: 295

Can't recall who said it, but one of my favorite quotes from this site is, "There are other people at the table?"
#19
October 23rd, 2011, 03:44 AM
 21gunsalute Executive Member Join Date: Aug 2009 Location: Area 51 Posts: 1,144

Quote:
 Originally Posted by FLASH1296 I am one of the sole posters actually qualified to diagnose anyone. It is not a wise thing to do - tossing about terms like "schizophrenic" so … "Cut it Out" !
Well first off I don't take orders from you, and you shouldn't be barking out orders to me or anyone else here. Secondly you're making it sound like a threat. Lastly I was simply posing a question because the OP appeared to be talking out of both sides of his mouth. So I'm going to kindly ask you to please "cut it out" sir. I have a right to my opinion and I have a right to ask questions.
#20
November 13th, 2011, 06:57 AM
 duanedibley Senior Member Join Date: Nov 2008 Posts: 165

I once sat down at a table with a 50 something year old guy from Texas who, as it quickly became apparent, was doubling his bet after each loss. After losing three hands in a row he won the fourth and proclaimed to the table, "That's what you call progressive betting, gentlemen." Someone questioned him about it and he offered a few more details and then said, "My son used to do it professionally." He then proceeded to lose \$3000 in the next 20 minutes before storming off.

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