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mkl654321
mkl654321
Joined: Aug 8, 2010
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October 26th, 2010 at 6:18:13 PM permalink
Quote: Ayecarumba

Does the Stratosphere have a nice steakhouse? I hope 98 asked for a comp.



That kind of action (not to mention, that kind of bloodbath) ought to get a free meal or two. And FWIW, the value of any comps should be figured into the total return of 98craps' system.
The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one. The happiness of credulity is a cheap and dangerous quality.---George Bernard Shaw
guido111
guido111
Joined: Sep 16, 2010
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October 26th, 2010 at 6:20:54 PM permalink
Quote: foxfan20

Kinda random question.

98steps, have your investors seen this thread?



Quote: 98steps

Progress Update.......

yesterday was a particualrly brutal day. 2 positive easy sessions. One nightmare. Please forgive the delay in update, it was necessary for me to communicate with my investors.

10/25 11am-11:30am. Main Street Station, Downtown. Gross Earnings +156. 1 Shooter, Never lost a wager.
10/25 12:30pm - 2:15pm. Golden Gate Casino, Downtown. Gross Earnings +152. Low Bank -126.
10/25 4pm - 2am. Stratosphere, ???? (Where is Strat Classified as being?). LOSS -2316. Pass Line -43 bets. All wager groups behind considerably.

I have been having meetings with investors today. Final decision is to continue. I offered to return balance of bankroll to investors, declined. I offered to absorb 75% of loss, declined. Investor acknowledged that she was fully aware of the risk involved. We discussed previously that losses WOULD happen. We both just hoped to get more sessions under our belt prior to the loss.

We move forward with high hopes that the next losing session will not show soon.

RaleighCraps
RaleighCraps
Joined: Feb 20, 2010
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October 26th, 2010 at 6:59:54 PM permalink
Strat game is 10x odds, 2x on Field 2/12 , and Vig paid up front on the Buy 4/10
Always borrow money from a pessimist; They don't expect to get paid back ! Be yourself and speak your thoughts. Those who matter won't mind, and those that mind, don't matter!
98steps
98steps
Joined: Sep 14, 2010
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October 26th, 2010 at 8:18:17 PM permalink
Quote: guido111

Quote: nope27

It appears 98 is posting daily results.

Date/Time/LocationDaySession HoursResult
October 21. 7:45pm - 11:30pm. El Cortez Casino, Downtown. Gross Earnings $162Thurs3.75$162
October 22. 9:30am - 4:15pm. Eastside Cannery, Boulder Highway. Gross Earnings $60.Fri6.75$60
October 23. 1:30pm - 4:30pm. Eastside Cannery, Boulder Highway. Gross Earnings $153.Sat3$153
October 23. 5:45pm - 5:30am. Boulder Station, Boulder Highway. Gross Earnings $175.Sat11.75$175
October 24.I am taking Sunday OFFSun
October 25.Coming SoonMon  
 
 
 
 
 Totals25.25$550



Those numbers show over $21 per hour played.
Then he has to split that 3 ways, himself, his investors and more for the bankroll.
I think his "Base" betting the first 2 weeks is to see if he can stand the grind and make it through each session still in one piece.
It is now Monday and we should see Monday's results tonight.



The Purpose of running the "Base" Sessions was merely to keep my primary investor's money busy while we wait on the others to complete deposits by Nov. 1st.
Prior to yesterday, I have never experienced the "Base" incurring a losing session. It is not my primary tool due to the great amount of time required to generate small returns.
98steps
98steps
Joined: Sep 14, 2010
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October 26th, 2010 at 8:27:05 PM permalink
Quote: Ayecarumba

nope27's table is great. I wonder is 98 would also post his high and low bankroll positions for each day.



Session bankroll High and Low points per request:

Session 1: High +162, Low -25
Session 2: High +92, Low -653
Session 3: High +153, Low -225
Session 4: High +175, Low -1217
98steps
98steps
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October 26th, 2010 at 8:34:39 PM permalink
Quote: Doc

I feel certain that the "system" under discussion just has to lose in the long term. But I would not fault 98steps for not posting daily high and low positions. During a session at the crap table, I try to keep track of where I stand, but it is often quite difficult: My rack looks a little low but I have a bunch of chips on the table -- am I up or down? By how much? If you really wanted to be certain of exactly what your max and min positions were throughout the session or day, you would likely devote most of your time and attention to counting chips rather than managing your wagers. I'd cut 98 some slack on this particular point.



As part of my table management, I ALWAYS know exactly what my bankroll balance is, either positive or negative. It is just one bit of the information that i provide to my investors on a per session basis. Other counts that I track include +/- balance of each wager group, specific value of each wager made, and profit/loss per decision.

I will make an attempt to remember to post Bankroll Low as well as finish point going forward.
98steps
98steps
Joined: Sep 14, 2010
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October 26th, 2010 at 8:54:21 PM permalink
Quote: mkl654321

What in the world happened to get you stomped so badly? Don't you have a stop-loss?



I walked into a brutal run of dice. in 8 hours there were 115 shooters, with only twice any shooter making 3 points. The pass line was -43 bets. Combined points made were 40 total with a combined total of 115 points missed. As I stated, it was a nightmare. It started bad and never got a repreive. I have NEVER seen a table run that cold for that long. I did not have well defined stop-loss measures in place on the Base system, as I had never, before Monday, experienced a losing session with it. Adjustments have already been made.
SOOPOO
SOOPOO
Joined: Aug 8, 2010
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October 26th, 2010 at 8:59:08 PM permalink
Adjustments have already been made? That to me says you are giving up on your original system and are trying a new system, just starting with a smaller bankroll since you have lost some of your original bankroll. Am I correct, 98steps? Anyway, this thread has fascinated me... keep up the posts...
98steps
98steps
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October 26th, 2010 at 8:59:13 PM permalink
Quote: Ayecarumba

I recall the system requried "sit-outs". It was not specified for the non-programmer's what the conditions were for sitting-out, nor starting up again.

I have not played at the Stratophere in several years. Is there anything odd about their game? That was a nice "one and done" hit at Main Street. Too bad, you could not build upon it.



The "sit-outs" were a modification designed specifically for use in the challenge. Their purpose was to approximate or similate the change of venue that I use when running my strategy live.
mkl654321
mkl654321
Joined: Aug 8, 2010
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October 26th, 2010 at 8:59:38 PM permalink
Quote: 98steps

I walked into a brutal run of dice. in 8 hours there were 115 shooters, with only twice any shooter making 3 points. The pass line was -43 bets. Combined points made were 40 total with a combined total of 115 points missed. As I stated, it was a nightmare. It started bad and never got a repreive. I have NEVER seen a table run that cold for that long. I did not have well defined stop-loss measures in place on the Base system, as I had never, before Monday, experienced a losing session with it. Adjustments have already been made.



Well, I've never seen a table run that cold for that long, either, simply because I've never stayed at a cold table for that long. It seems to be a weakness of your system that your losing sessions are longer than your winning ones, which means you plow on ahead (rather than stopping the session) in the belief that you will somehow be able to turn it around. And the progressive nature of your system means that you DO turn it around most of the time, but the fatal flaw is that when you DON'T, you get massacred.

At the risk of being repetitious, the above is exactly what is wrong with all progressive betting systems.
The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one. The happiness of credulity is a cheap and dangerous quality.---George Bernard Shaw

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