Assuming you stay with .5% of your bankroll or less, and given no concern for heat, is there any reason to bet x (whatever x is, as dictated by the system you are using) assuming you are in a positive expectation (true count 1.5 or >?). Is there really any reason to ramp your bet slowly, etc.? It seems to me that when you are in a +EV situation you want to get as much money in as is reasonably possible.
is how much you bet very important?
- Thread starter Meistro
- Start date
You ask "is how much you bet very important?".
It's more important than being able to use a level 10 count while counting a deck in 14 seconds knowing 200 indexes with complete accuracy to one card while playing 300 hands/hr heads-up vs a dealer.
It's the whole ball of wax.
Just trying to say, it's not about maximizing EV alone, it's about about weighing the EV vs the risk to your roll.
Like if there 1MM balls and one of them pays $1,000,005 and the other 999,999 balls are losers, it's a +EV game but you don't want to bet your whole roll on the next pick just becasue you have +EV on your next pick.
So, the reason one ramps slowly etc is becasue doing so maximizes the ratio of risk to reward.
Maybe food for thought anyway lol.
SleightOfHand
Well-Known Member
I think the OP is asking if there is a reason to ramp up bets (as in bet 1 at <2, 2@3, [email protected]) rather than doing something like 1 at <1 and 15 at >=1. and, yes there is. The Kelly function dictates that optimal bets for maximum bankroll growth is correlated to your advantage, standard deviation, and bankroll. We usually assume a constant BR (at least for the session) so that we do not have to make constant changes in our ramps mid session. The standard deviations between true counts dont vary that much. So most of the variation is due to the changing advantage based on true count. I hope that answered your question.