Does it make sense to be a little less aggresive with your betting when on a losing streak. Why? Is there such thing as a losing streak? Yes, it is a chain of losses but again all the episodes are independent of each other right? Unless you are down to your last dollar does not math say bet when losing with the same bravado you would in a winning mode?
Wont back down
- Thread starter Dopple
- Start date
creeping panther
Banned
Dopple
Do you hold a stock that is stinking year after year or do you sell it?
You do what you feel comfortable doing, not what others tell you to do, play a strong game by the math, but don't sit and take a beating, use your head!
Is there only one table in that casino you play at?:laugh:
CP
If you are counting you know what is happening with the cards, composition etc. If the dealer is just kicking ass take a break come back in an hour, find another table, drop to min and control the cut card for a few rounds. Get up and get a coffee, go to the John.Dopple said:
Do you hold a stock that is stinking year after year or do you sell it?
You do what you feel comfortable doing, not what others tell you to do, play a strong game by the math, but don't sit and take a beating, use your head!
Is there only one table in that casino you play at?:laugh:
CP
There's no such thing. The sessions (shoes) are independent.Dopple said:
But when you are on a "losing streak", it's likely your bankroll has taken a hit, so it's prudent to re-assess your betting amounts to be sure you're not overbetting. For example, if you had a personally acceptable risk of ruin while betting $25 units on your original bankroll, and your bankroll is now squashed, it may be time to reduce to $10 or $15 units. (The converse is also true.)
Remember, this has nothing to do with "streaks" or dependence of outcomes; it's purely about how much bankroll you have.
I suppose that taking a break makes sense but here is an example. I had time for a quick DD the other night and the dealer said he had been kicking butt all night. I said it must be time for a "change".
I had a very rare DD bringing in 60 units in 5 minutes.
I just fight with myself over understanding how any concept of streak can hold up in the "high court of math". A table change, dealer, town change should have no effect with all other parameters equal i.e. pen and rules.
Forgive my poetic license and thanks for bouncing this idea back and forth.
I had a very rare DD bringing in 60 units in 5 minutes.
I just fight with myself over understanding how any concept of streak can hold up in the "high court of math". A table change, dealer, town change should have no effect with all other parameters equal i.e. pen and rules.
Forgive my poetic license and thanks for bouncing this idea back and forth.
Lonesome Gambler
Well-Known Member
As most people here have probably read ad nauseam, there are such things as streaks, it's just that you have no way of predicting when a streak will begin or end. As such, they're pointless to worry about. More hands * more hours is all you should worry about. I do agree that you should walk away during a losing streak if it's somehow affecting your ability to play completely analytically and properly.