Rant: I quit, thanks for the help bj21

Originally Posted by snorky
I finally hit the point where I'm convinced this game is very hard to make a living off of.
Click to expand...

Originally Posted byJack_Black
Everything in life is very hard. work harder.
Click to expand...

blackjack avenger said:
And work smarter
Click to expand...

x2
not to try and persuade you one way or the other snorky, you know what's best for you. counting cards for a living would indeed be a very difficult task. just hoping here that you get as much of the casinos loot as you are able. kudos for resisting degeneracy.
 
Coyote said:
Do you mean make it as a professional solo counter?

I would agree if that is the case.

You need a significant Bank Roll!
Click to expand...

just me maybe, i think a solo player, solely card counting is a difficult course of action for pro's, semi-pro's and rec-players relatively generally speaking, excepting for those players who have reasonable access to really good games, and lots of them.
the problem with solely going after blackjack is in my opinion, primarily the sparsity of actually seeing an advantage with respect to time. it's a slow, slow process and it's fraught with variance. again, just me maybe, but that combination of slowness and variance is indeed hard to stomach. maybe wouldn't be so bad if it weren't for the slowness. that said, i should imagine there are those who have reasonable access to lots of good games, that helps the situation.
that's why sort of like it goes in the stock market, it's good to have a diverse portfolio of advantage plays one can jump in and out of, that breaks up the slowness and smooths out the variance to a tolerable degree, sort of thing.
 
moo321 said:
It's extremely hard to make it as a solo counter. VERY hard.
Click to expand...

If it's your total livelihood sure, it's hard simply because it's known to be a tough occupation (as kewljason will tell you) but-------I really doubt that I'd ever go beyond solo.
I've heard too many instances of cheating in team play and you can set your own schedule if you're a loner. That, I like.
Part of the decision depends on where you are.

BillyC1
 
Billy C1 said:
If it's your total livelihood sure, it's hard simply because it's known to be a tough occupation (as kewljason will tell you) but-------I really doubt that I'd ever go beyond solo.
I've heard too many instances of cheating in team play and you can set your own schedule if you're a loner. That, I like.
Part of the decision depends on where you are.

BillyC1
Click to expand...

I think the specific circumstances make a big difference. Players that are involved in team play and then get into solo play after their team situation dissolves or between team project, find solo play more difficult than the player who has always played solo. A lot also depends on the players financial situation. A player that doesn't have 'all his eggs in one basket', with other income, either from work, investments, retirement, maybe a rental property income, or even a spouse's income, wouldn't find it as tough mentally as a solo player who depends solely on his play for livelihood.

I am with you Billy. I am a bit of a loner, like setting my own hours and answering to no one. I also will concede that I have some trust issues, especially as far as putting my entire livelihood in someone else's hands. :o
 
Coyote said:
Do you mean make it as a professional solo counter?

I would agree if that is the case.

You need a significant Bank Roll!
Click to expand...

Even as a recreational/part-time job thing, I've found it hard to deal with the variance. Team Play has its own pitfalls, but you have someone to bitch to when you lose your ass, and you are going to be losing a lot less of the time.
 
moo321 said:
Even as a recreational/part-time job thing, I've found it hard to deal with the variance. Team Play has its own pitfalls, but you have someone to bitch to when you lose your ass, and you are going to be losing a lot less of the time.
Click to expand...

You are much younger than me, which accounts for your philosophy. It has always been a recreational/income supplement type thing for me but after so many years of it, you find it easier to deal with variance IF you're sure of your game. You won't need anyone to bitch to.
Knowing you will ultimately be the victor takes care of the bumps in the road.

BillyC1
 
agree

sagefr0g said:
and some how getting in more plays, the more the better.
as stated in this link: http://www.blackjackinfo.com/bb/showpost.php?p=258304&postcount=6
"accumulated expectations overcome accumulated standard deviations as the number of hands increases, because the former (expectation) is proportional to the number of hands, while SD is proportional to the square root of the number of hands"
Click to expand...

Play fast
With few players

The big one! The more one resizes; & the bigger, the longer the N0 (long run).
The way to keep N0 & variance low is with
Wait for it!
Fractional Kelly
One resizes less dramatically so the N0 is lower

I'm like a kid with a new toy
& its drums:grin:

Though not new to me

Thanks for set up froggie
 
Last edited:
sagefr0g said:
and some how getting in more plays, the more the better.
as stated in this link: http://www.blackjackinfo.com/bb/showpost.php?p=258304&postcount=6
"accumulated expectations overcome accumulated standard deviations as the number of hands increases, because the former (expectation) is proportional to the number of hands, while SD is proportional to the square root of the number of hands"
Click to expand...

Just a caution... the more "quality hands" the better! Playing long sessions can be the cause of ultimate failure more than anything else IMHO. Keep your mind fresh, and your wits about you, so that you can deal with each and every situation with the instant and correct response. No steaming, no mistakes, no poor judgments!

Ye Olde Irish Blessing:
May ye win all thy splits and doubles--
Especially those in high counts--
And upon thy naturals, bet thee high;
May thy stiff hands never bust!
And may ye see naught
But positive variance all the days of thy life! --Anonymous
 
By fractional Kelley do you mean:

A.) having a fractional kelley sized BR? Ie: 100-200 max bets.
B.) resizing at 1/4 or 1/2 BR loss ?
C.) combo.

Just curious.
 
It means playing some smaller fraction of Kelly. Could be A B or C. While I would agree that it is good practice to play some fraction of Kelly after your bankroll reaches a certain point, don't get too carried away. You give up quite a bit of hourly EV by lowering your bets. Learn to manage risk.
 
You must log in or register to reply here.
Back
Top