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
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