Choptalks Monday Baseball 30-38 -$1080.00 Ytd -10.8 Units Ytd(VALUE CARD)

[MathProf]

I see so many gambling myths posted here
on the RX that I finally have decided to offer some
facts:

Regarding volume of plays, if your plays each have a positive expectation
(and if they don't, why are you playing that selection), then the
more you play the more certain is your long-run profit.

An analogy: when you step up to the craps table you have by
definition a negative expectation on each wager; therefore your best
chance to win is to take all of your bankroll and make one bet only.

When you step up to the blackjack table as a capable counter with
favorable house rules you have a positive expectation (in the
long run) of about 1% or alittle more. Therefore the more bets you make
and the longer you play, you are more likely to achieve your
expected profit.

Moneymanagement is what buries your positive expectation, not
short term losing streaks.

Amen.
MP

 

[Typhoon]

Lost all 4 games today by one run.*DODGERS PENDING*

Brewers blow 3 run lead late.

Boston wins with a walk-off

St Louis gives up a meaningless run in the 8th

Vacation time.

I will take 2 total days off. Then I will spend the following 2 days adjusting. Im just alittle off right now. Not off by much, but the difference in winning and losing is oh so small and im on the wrong side right now.

Chop.... hear you loud & clear. With all of the tough beats that have been taking place it's still no where near bad, now tie that in with the preseason profit we are still in the PLUS COLUMN......do whatever YOU need to do, I'll be waiting for your plays when you come back.....BOL !!

 

[jeckll]

I see so many gambling myths posted here
on the RX that I finally have decided to offer some
facts:

Regarding volume of plays, if your plays each have a positive expectation
(and if they don't, why are you playing that selection), then the
more you play the more certain is your long-run profit.

An analogy: when you step up to the craps table you have by
definition a negative expectation on each wager; therefore your best
chance to win is to take all of your bankroll and make one bet only.

When you step up to the blackjack table as a capable counter with
favorable house rules you have a positive expectation (in the
long run) of about 1% or alittle more. Therefore the more bets you make
and the longer you play, you are more likely to achieve your
expected profit.

Moneymanagement is what buries your positive expectation, not
short term losing streaks.

Amen.
MP

Considering all craps bets, in your example, have a negative expectation, wouldn't the smartest thing to be to step away from the table with 100% of your br and make no bets? :drink:

 

[AndySpainpick's]

Today's Value Plays

No Bets !! Best Value Out There !!

 

[beating.vegas]

No, if you take a 35 to 40 and and 45 to 50 its not 90%. About 75 or so. I said well over 60%. Dont know the exact math. I play on value. As long as the plays have value thats the important thing.

you guys need to take a statistics class...because these numbers are not even close...


put your money into cds or something.