shadroch said:
If the comps outweigh the extra losses at the table, then that is obviously a good thing, but surely you could achieve the same result by flat betting at a level equivalent to your average bet under OG.
First off,thank you for taking the time to discuss this instead of simply repeating the 'Progressions are bad" mantra.
I thought I
was repeating the mantra, just at greater length.
shadroch said:
My biggest question would be how does one determine what ones average bet would be in a session of Oscars Grind, as you may start with a $5 bet but will often be betting $25, $30, or $40.
That's putting the cart before the horse. If you are playing for comps based on the total amount of action you give, you can pick an appropriate flat bet, based on the amount of action you wish to give per hour and the speed at which you can play.
My point was that a flat bet equivalent to your OG average would earn the same amount of comps, not that your OG average represents some kind of ideal amount to bet.
shadroch said:
Secondly, if you are flatbetting ,$10, and find yourself $150 down,your chances of overcoming that are nil. Using OG, I come back from that almost every time. As I have stated repeatedly, I use OG on a game that you can't count on.
Assuming that a flat bet would result in the long term results equalling the house edge( 6 Decks,H17, Surrender, DOA, DAS), then my results using OG are far superior to the expected results. If you want to call it good variance,feel free.
I can only repeat what I and others have been saying. Play for long enough and the house edge
must emerge from your results, whatever roller-coaster ride OG provides along the way.
Now an interesting question might be how long is long enough, and how does that compare with the entirety of play that you are likely to get through in a lifetime?
But even if this or any other scheme is able to give a player good odds of being ahead at the end of a lifetime of (presumably infrequent) play, it is still just a case of trading risk and reward - a high probability of ending your career with a small profit, balanced by a small probability of ending it with a big loss.
Whether your results to-date represent good variance, or are in fact well within the normal bounds of what could be expected at this stage, I don't know. (Both because I don't know how many hands you've played, and because I don't have the statistical background to work it out, even if I did have that information.)
Regarding my offer to try to create a sim, I've been looking over some of the previous, occasionally heated debates in which you've participated. You seemed adamant that there is no value in running a sim over many millions of hands, but it really is pointless doing anything else.
Why simulate a weekend's play, when you can simply record your actual results for any given weekend? The whole point of a simulation is to record lots and lots of data, so that it smooths out the variance.
What I thought I might do is run successively longer sims, say -
- one of 1 million hands, with the change in bankroll logged every 10,000 hands
- one of 20 million hands, with the change in bankroll logged every 200,000 hands
- one of 400 million hands, with the change in bankroll logged every 4,000,000 hands
i.e. 100 log entries in each case.
I though I might also sit a flat-bettor at the same table, to help with the comparison.
How would you react to that? There's no point me doing this if you can't be persuaded that the results are meaningful.