OnceDear
Posted by OnceDear
Jan 16, 2017

Three Hours Of Fun

That's what I just had. Three hours of really amusing Blackjack, and it didn't break the bank.

I don't get to the casino so often nowadays, but today I was in the mood. Local Grosvenor £3 min table. got there at 5pm only one other player at first.

I'd got £400 in my pocket and had decided that £200 was expendable.

Bought in for £50 in £5s. Started playing £5 a hand. OnceDear <> High Roller !

After very few minutes and a few good doubles and splits, I was at £100, never actually having gone below £40. Too soon to go home. Target set at £150 :o)

So, I started to play silly buggars, doing a 5, 10, 15, 15 progressive. After a total of about 20 mins, I was at £150, so I excused myself while I had a bar snack.

Because I left my chips at the table, and maybe because there were few staff on, they left me 'on the screen' as though I was still playing, this clocking up points. Yayyy.

After my food, I was almost tempted to buy some more chips to ensure that I really was still getting points, but it would have looked a bit odd.

So, back to it: £5, £10, £15, £20, £20 progressive, I ebbed and flowed my way through 3 dealers and still sat at about £160 in chips.
Then a nice newbie dealer came on and I soon found myself with £187.50 in chips. What to do? Should I Marty for the £200?

Nooooo. Been there done that. I wanted a bit of time in play, so no Marty tonight.

I was having fun, so I stuck with a mix of £5, £10 and occasionally £15 bets in no particular pattern.

Could I reach the magical £200? Could I bloody hell! I could not get that extra £12.50 to save my life. But I was ticking over OK.

Then. Another dealer. As it happened, the last one for me tonight.
He was just having bloody golden luck. I just kept getting hands to split and resplit and double and at £10 to £20 a hand, he was slaughtering me with his 21s and Blackjacks.
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I stumbled down back to my original £50. Dammit. ( OK. £52.50 if we are going to be pedantic)
Kept playing at £10 a hand.
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And there I was. With just £22.50 in chips where once was £187.50 What a bloody fool. But I had enjoyed the ebb and flow and had way over two hours of fun behind me.
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So I went all in with that last $20 ( held back the £2.50 if you must have all the details :o)
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Blackjack. Yayyyy. I had my £50 starting roll back.
In with £25. Win.
Again.
Another Win.
Hells teeth, I'd turned that sniveling £22.50 into £102.50 and was 100% up on the session. Shall I go home?
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Then, I can only describe the rest of the play as bloody nuts. Fueled by Adrenalin and free caffiene, I was like a man possessed. Even the dealer seemed to be having a sugar rush.

£25 a hand straight betting. This is me in high-roller mode!
Bankroll=£127.50 (that pesky £2.50)
Bankroll=£152.50
Bankroll=£127.50
Bankroll=£152.50
Bankroll=£127.50
Bankroll=£152.50
Bankroll=£177.50

Phone rang. It was the wife wondering where I was. Rejected the call.
Rejected the call again. Not like me :o)

FFS. Surely not.
Went back to £5, £10, £15 progressive.
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and there I was. . . £202.50
Handed the £2.50 over as a tip ( Last of the big spenders :o)
Cashed out my £200 for a net profit of £150 on the session. All that on just a single £50 buy-in.

I never expected that. Well, at least not when I was down to that last £22.50.

Dealer errors? Only caught two that affected me, one where he tried to pick up my £20 on a hand that I'd won. And one where the newbie dealer asked me if I wanted to take more cards after splitting aces. She had to confirm with the supervisor when I pointed out that I was not allowed to do that.

Card counting. . . I practiced a bit it was a 6 deck CSM with a discard tray that got emptied at about 75 cards, so not worth the effort. True count never reached 2 in any case, but it was OK to practice.

But tonight was the very essence of what I think it should be like. Playtime was value for money. Food was value for money. Banter with dealers and players was ongoing and friendly. And I came out far enough ahead to afford another session next time the mood takes me.

Oncedear = A lucky Tit once more.

OnceDear
Posted by OnceDear
Dec 05, 2016

100% Risk Of Ruin !

Tonight's visit to the casino, I had the pleasure to be entertained by a LUZER of the highest order. I'll call him Mr Pink after his tie. Mr Pink seemed to have the sole objective of going home broke. He was a spectacular success.

But I'm still trying to fathom out what goes on inside the head of guys like Mr Pink. I doubt he's a member here.

Scenario: Provincial UK casino with one £3min blackjack table open. Mr Pink at seat 3, some young fella at seat 5 playing minimum and I buy in for £50 in 5s and sit at seat 1. A high roller here is usually the guy that bets £25 a hand. Sometimes me. :o)

As I join, Mr Pink has just gone all in with about £100 and is being paid a Blackjack. I say Hi and congratulate him on his timely win. He mumbles something about being 4 grand down tonight.

But then I see how it probably happened. He continued to play like a complete and utter knob!

For each hand played he was, without fail, wagering all of the chips in front of him, split roughly 50:40 between the main bet and the 21+3 side bet with the odd £5 on the PP side bet.

At no time did he hold back chips in case of a need to double or split.

At no time did he in fact double or split!!!!! Never!!! He'd ignore BS and stand a 13 against a 10. He'd hit 19 ( and get a 2: jammy sod ) He was a complete ploppy, but a ploppy with money. And there was I playing £5 a hand in the seat before him, just hoping that one of my borderline plays like hit 16 v 10 would annoy him. Praying also that he'd get the odd pair of aces against 6, just to see how he played it.

Inevitably, every couple of hands he'd reach into his pocket to re-buy in for £200 to £300, which he would immediately slide into the circle and promptly lose..

And he wasn't even getting mediocre luck. LOL. never a winning side-bet and his 19s were getting trounced by dealer 20 or 21. I just kept ticking over my modest pile of ten £5 chips, ebbing and flowing.

Mr Pink was hemorrhaging Cash. He couldn't win a free coffee. Every time he had, say a 14 or 15 hand, he would gesture as though walking early from the table, but sometimes he would win and stay.

This went on maybe 15 minutes as I watched him throw away at least another £4K. until he finally bought in and instantly lost with what was clearly his last four hundred pounds. He just threw that down with a grumble of 'You might as well take it all"

I can only imagine that if he had a streak of good fortune or a few winning side-bets, he would have thrown those chips back onto the table as though insulted by the opportunity to win.

After he eventually stormed out, broke, A chat ensued at the table and it was confided that he'd just lost significantly more than he'd stated. Possibly about £10K

I played on for an hour or so and cashed out £10.50 up. Yayyyyy.

So, what madness is this. The guy did not seem to be having much fun. Winning ( what little he did ) did not seem to please him: Losing seemed to quite reasonably annoy him. But he just seemed to play to lose. Is the narcissism of being a high roller of so much value to such a guy. Was it maybe an expression of conspicuous wealth, in which case why grumble when he lost?

He didn't even seem drunk.

Comments

BleedingChipsSlowly
BleedingChipsSlowly Dec 07, 2016

Perhaps newly addicted and trying in vain to relive the thrill of an improbable miracle visited upon him.

onenickelmiracle
onenickelmiracle Dec 16, 2016

They never listen, but neither do I when I think I'm right. Just can't hear those words, mental block.

OnceDear
Posted by OnceDear
Nov 06, 2016

Debunking d'Alembert With Excel

It's been suggested that playing a Roulette wheel using a d'Alembert progression is a road to riches. Apparently it's child's play to beat the house edge.

So, as a little exercise, I've created an Excel workbook which illustrates dramatically how a playing d'Alembert progression will strongly trend towards bankruptcy, with a probable initial negligible profit.

Here's the way I played it.

The game was European Roulette with single 0. If you are a masochist modify it for American Roulette.
The first bet is on red, purely arbitrary. I wagered only on Red or Black. Modify for odd/even if you wish or other 1:1 propositions outside bets.
Whenever the result was Red, the next bet was Black. Modify if you can be bothered. It makes no difference.
Whenever the result was Black, the next bet was Red.
Whenever the result was Green 0, the next bet was the same as the most recent bet.
I assigned a starting Bankroll of $1,000,000 ( You can vary that in the model. )
I decided an initial wager of $10 ( You can vary that in the model. )
I decided a progression increment of $1. ( You guessed it )

Whenever a bet won, the next bet was $1 less than the previous bet, or $1, whichever was the greater.
Whenever a bet lost, the next bet was $1 more than the previous bet, or total remaining bankroll, whichever was the smaller.
The model simulated potentially 50,000 spins.

Child's play indeed.
So, download the workbook and open it in Excel. You may need to enable editing. It has NO MACROS.

HERE IS THE WORKBOOK

To run the simulation, simply put the cursor into any empty cell and hit the Delete Key. After a fraction of second, the simulation will complete and the chart and results table will repopulate.

Generally the bankroll starts out with a modest increase of value of a few times the initial wager. Pretty soon it heads downhill with an accelerating downtrend as the wager size increases.

I've yet to see the simulation succeed in doubling the bankroll with the parameters as set. You can change those parameters and I assert that whatever you set them as, you will lose your bankroll more often than you double it.

HERE IS THE WORKBOOK

It's nothing sophisticated and does not use macros, so is safe to run in excel 2010 or later.

I'll leave it online a few months. If the owners of admins here wish to, they can host it themselves, subject to leaving it unchanged and attributing to me by name.

Here's an example result.

OnceDear
Posted by OnceDear
Sep 29, 2016

Chasing losses again

So darned stupid. Chasing losses is effectively not much different to Martingaling, and I just did it. Sucker !!!

After my bankroll took a good beating earlier in the year, I've restricted myself to just a few £hundred per weekly session, in bricks and mortar casino, min betting at £5 for recreation. I've been doing ok.

Buy-ins have been typically $50 - £100 with maybe a second and very rarely a third buy-in per session. until Monday, my last 8 sessions had all been winners, leaving me up by £695. So far so good.

But this Monday I went armed with 5x£50 notes set aside for bankroll plus a few hundred regular pocket money.

Bought in for £50. Got ahead to maybe £90 then Whack! Gone before my free coffee arrived.
Bought in for another £50. Whack! Never went above buy-in.
Bought in for another £50. Whack! Never went above £75. Managed to squeeze 30 minutes of play.
Dealer change, new faster, prettier dealer. ( me = sexist pig )
Requested another coffee.
Bought in for £100. Whack! Never went above buy-in. My nice crisp £50 notes were gone.

All this playing between £5 and £15 per hand.

It wasn't much fun. None of my £50 buy-ins managed to get to £100 and here I was £250 down, and then my coffee arrived.

Skulked off to watch a few fools throw money at roulette while I finished my drink. Felt and looked pretty pathetic. Went home.

Consoled myself that this was the first losing session of 9 sessions and that I was still £445 up overall.

But notice how I'd got greedy. Previously I'd been turning £50 into £100 or maybe £100 into £150 or so. But here I was throwing £250 into one session and getting my arse kicked.

So today arrives. I felt pissed with the universe for playing fair and beating me. I needed to chase that £250 loss. This would need more fire-power.

This time online BJ. Popped in £100 of credit.
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Flat betting £10 or £15 as the mood took me.
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Lost it in short order. DAMMIT
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Goddam it. £350 in the hole for the week
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Credited another £100 to flat bet at £15. Needed a lot of luck. What will I do if I ( inevitably ) lose this?
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Stumbled my way up to £300. If I withdrew, I could at least say it was only a £150 loss on the week. Played on.
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Bobbled between £350 and about £150
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Clambered up to £450. Phew, I was now at break even for the week. That £250 loss was recovered.
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Played on at £10 per hand.
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Bobbled between £480 and about £410
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Clambered to £490 !!!
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Dropped bet to £2 per hand and Martingaled.
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Hit £500 balance. Cashed out at £300 profit for the session and up £50 for the week..

OnceDear once again a lucky tit!

But make no bones about it, by effectively buying in for double what I usually do, I'm treating each losing session like a single losing bet and effectively Martingaling in sessions. Doomed to fail.

I really don't know what I would have done if the last £100 had gone down the pan. Being £450 down on the week would have really upset me, but throwing several more £hundred to try to claw it back would have been stupid upon stupid.

Comments

odiousgambit
odiousgambit Sep 30, 2016

Well, you yourself predicted you'd get to this point.

Congratulations for clawing back, but actually if you were able to blow off losses as entertainment cost, it would be healthier. Thinking you need to chase? not good. But you knew that.

I continue to abstain from online gambling. I'm pretty sure I couldn't handle it.

OnceDear
OnceDear Sep 30, 2016

Thanks OG,
The maths pretty much predicted it too. I recognise my behavior as dumb Dumb DUMB, and this time I was only saved from a £450 loss ( significant for me) by a big lucky break where I quintupled a buy-in.

In truth it still is well within the realms of entertainment budget. But I once again made the mistake of being emotionally attached to my lost money. Somehow I let it become important to me not to have a losing week.*
So far, I'm able to tone back my wagering and still have fun. It is OH SO EASY to throw down the kind of wagers online that you would never dream of in a live setting.

I'm particularly looking forward to staking the £25 that I have as a result of my parlaying the Cooperation Game winnings. I want to pitch dumb-ass money management head to head with Romes' and Mike's skilled Parlaying of their pooled winnings.

* Soon I'll update my lifetime bankroll chart and it will reveal that I was NOT a lucky tit earlier in the year. Tit: Yes. Lucky: No!

onenickelmiracle
onenickelmiracle Oct 02, 2016

https://m.youtube.com/watch?v=Adw772km7PQ

OnceDear
OnceDear Oct 03, 2016

Remember how it felt when you placed your first $100 bet?
High Stakes Virgin

http://www.youtube.com/watch?v=Adi4eb8my1M
00:40 01:45

onenickelmiracle
onenickelmiracle Oct 03, 2016

Oh that's a cute one and how to play dumb as well. She is so dumb you would need a script to match.

OnceDear
Posted by OnceDear
May 22, 2016

OnceDear's Rule. What's The Chances

I'm often drawn to give the same answer to similar questions from newbies:-

Question: If I apply blah, blah, blah betting system to Blackjack/Roulette/Baccarat/Whatever, what are my chances of increasing my bankroll from $XXX to $YYY

Answer: OnceDear's Rule of Thumb !

Probability of Success <= (Starting Bankroll)/(Starting Bankroll + Target Profit)

This rule of thumb makes the assumption that we can ignores House advantage and Player advantage. I'll explain and justify that later.
It has a caveat. It must be impossible to win beyond the Target Profit, or else the probability will be less/worse.

Apart from that, it applies pretty much universally.
Any game.
Any Money Management strategy.
Any Betting strategy.
It applies to Flat Betting,
It applies to Martingaling,
It applies to Reverse Martingaling,
It applies to D'Alembert
It applies to Hit and Run Target Betting,
It applies to Betting with Win Goals,
It applies to Betting with Stop Losses.
It applies for one Betting Session
It applies for a sequence of many Betting Sessions
It just applies.

I never claim that it is the full answer to every set of wagers placed, but if a new gambler can grasp this, then he/she will have a good start point from which to realise why his/her Bull5h1t Brilliant system will not make him/her rich.

Here it is again, with an example, before I derive it for you from first principles.

Probability of Success <= (Starting Bankroll)/(Starting Bankroll + Target Profit)

Example: What is the probability that my magical Blackjack System will let me turn $100 into $110?

Answer
Probability of Success <= 100/(100+10)
Probability of Success <= 100/110
Probability of Success <= 90.91%
Success is nearly 91% assured, but about 9% of the time you will lose all.

Great. "What if I want to double my bankroll?"
Answer
Probability of Success <= 100/(100+100)
Probability of Success <= 100/200
Probability of Success <= 50%
Success is nearly 50% assured, but about 50% of the time you will lose all.

Great. "What if I want to quadrupal my bankroll?"
Answer
Probability of Success <= 100/(100+300)
Probability of Success <= 100/400
Probability of Success <= 25%
Success is nearly 25% assured, but about 75% of the time you will lose all.

And, remember, it doesn't matter whether you are having one long session to reach the target, or breaking your sessions up to try to make $1 each day!!!

So, how is the rule derived?

It's based on three basic tenets:
1. In a fair bet with no house edge, the payout is directly related to the probability.
Total Return for a lose = 0
Total return for a win=Stake x 1/(Probability of a win)

2. The end result from a session of multiple bets, however they are made, is that you are either going to hit your win goal, or you are going to lose your bankroll. It does not matter if you made one big fat wager or lots of wagers in any mix of sizes. The session effectively equates to one probability: One wager. What made up your session is not relevant.

3. With ANY betting system you cannot diminish the house edge. EVER. But then again, betting systems do not increase the house edge either unless you leave yourself unable to fund a wager or force yourself to play badly.

So, take for example a single fair coin toss.
We almost intuitively know the payout on a fair coin toss.
Double your money if you win. Lose your money if you don't.
Probability of calling a coin toss correctly = 50% 50% is one way of saying 50/100 or 0.5 It just is. Get over it.

Total Return for a lose = 0
Total return for a win=Stake x 1/(Probability of a win)=Stake x 1/0.5=Stake x 2

So, as we would expect it's a case of lose or double your stake on one coin toss.

Now lets say we wager on our ability to call two consecutive coin tosses correctly.
Probability of success = Probability of getting it right first time x Probability of getting it right second time.

Probability of success = 0.5 x 0.5 = 0.25 or 1 in 4. Sorry if that seems complex. It just is that way.
The fair payout for failing to call correctly both times is $0 you lose your stake.
The fair payout for correctly calling both times is
Stake x 1/(Probability of a win) = Stake x 1/0.25 = Stake x 4

Remember Tenet 2. It doesn't matter if you resolved the payout at the end of the second coin toss or whether your opponent settled up after the first one and you re-wagered all your bankroll on the second toss.

I.e.
Lose the first toss you are broke, you don't get to wager on the second toss. Bankroll is lost.
OR
Win the first toss and stake twice your original bet on the second toss at 50% probability.
The coin and the universe doesn't care if you settle up from the first wager and nip home for supper and a shower.

So, Accept the payout formula for a fair wager

Total return for a win=Stake x 1/(Probability of a win)

Now lets flip that about.
1/(Probability of a win)=(Total return for a wn)/(Stake)
Probability of a win=(Stake)/(Total return for a win)

In a win or lose wager where the only two possible outcomes are you lose your stake or you hit your target goal, you effectively have one wager where your stake IS your bankroll.

Probability of success=(Starting Bankroll)/(Total return for a wn)
Probability of success=(Starting Bankroll)/(Starting Bankroll+Target Profit)

That's almost the rule of thumb but not quite.
Probability of Success <= (Starting Bankroll)/(Starting Bankroll + Target Profit)

That's where the house edge come in. Nasty Nasty house edge.
With a positive house edge, Your probability for taking home the fair amount from a wager is less than it would be for a fair wager.
If House Edge is 0
Probability of Success = (Starting Bankroll)/(Starting Bankroll + Target Profit)
If House Edge >0
Probability of Success < (Starting Bankroll)/(Starting Bankroll + Target Profit)

Why do I not quantify or calculate the effect of house edge?
Frankly, I don't care to. It involves dealing with Standard Deviations and some tricky maths. I want newbies to see that even without house edge, their magical system can leave them with very tiny probabilities of turning a few Dollars into a lot of Dollars. And BIG probabilities for going BROKE!

E.G WITH NO HOUSE EDGE !!!

Probability of turning $100 into $1000 is 100/1000 = 10%
Probability of turning $10 into $1000 is 10/1000 = 1%
Probability of turning $10 into $10000 is 10/10000 = 0.1%

And if you don't succeed. YOU LOSE EVERYTHING.

But then again
Probability of turning $10000 into $10010 is 10000/10010 = 99.9%

Comments

odiousgambit
odiousgambit May 27, 2016

interesting. It does seem to me that HE would matter, but don't feel bad, I can be pretty dense sometimes.

the idea of setting a goal has never appealed to me much, but I agree we see a lot of posters ask about it.

OnceDear
OnceDear May 27, 2016

Hi OG.

Thanks for the comment.

Of course, House edge 'matters' in that it can only detract from the player's probability of hitting his goal.

BUT. If his probability of hitting goal is negligible anyway and he is doomed to go bust, then the outcome isn't much changed :o)

E.g. Objective to turn $100 into $1,000,000 he has s0d all chance regardless of house edge. That's what I sought to demonstrate.

The Rule of Thumb is just that. It's actually very close in a low edge game where average wagers are a significant size ( e.g average wager 10% of bankroll)

It's Very, VERY close when using Marty.

PaulinaPlayer
PaulinaPlayer Jul 31, 2016

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Walt
Walt Dec 11, 2016

I'm not really a Gambler, to cautious, I haven't been to a casino in years but the odds always fascinate me and the age old question can you beat the system or at least get an edge on it. I've found this site and your post and thank you for all your analysis and statistics. Learned a lot.

I discovered bitcoin and Satoshi and the free faucets sites giving them away (1 Satoshi is a one hundred millionth of a single bitcoin (0.00000001 BTC), so pretty worthless) But one free faucets site gives you about 260 free satoshi every hour but they also allow you to gamble them on what they say is a provably fair game, which I've had a lot of fun with trying various methods. mostly I loose, and thanks to you I'm learning why. You need to acquire 30,000 or so to cash out which is only 18p, I've managed to do that just once - LOL. The max withdrawal is about $200 in BTC I believe.

I was wondering if any system might be better than random chance as you can very quickly acquire several thousand to play with. I've just read about your Marty system starting with 4,000 and I think I'll give that shot. You can also vary the percentage chance of winning (the house margin I assume but winnings decrease) so with that something might be possible.

If you want to look it over, here's my referral link, its free of course all you do is register and provide a BTC wallet addy
http://freebitco.in/?r=3061986