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RogerKint
RogerKint
Joined: Dec 5, 2011
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WellbushMission146
May 18th, 2021 at 12:51:20 PM permalink
Quote: JohnnyQ

Betting less to lose less is something I understand !



Just remember: The less you bet, the more you lose when you win!
100% risk of ruin
sabre
sabre
Joined: Aug 16, 2010
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Mission146
May 18th, 2021 at 1:05:44 PM permalink
Quote: Wellbush

MDawg's gambling is but one example where -ve EV does not apply appropriately.



I don't know what -ve EV is but I assure you the concept of expected value applies appropriately to MDawg's "play".
Wellbush
Wellbush
Joined: Mar 23, 2021
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Mission146
May 18th, 2021 at 11:11:26 PM permalink
i reckon it's only a matter of time before -EV gets thrown in the bin, where it belongs. it appears from my initial learnings into this subject, MDawg's (and many others) been right all along!

Furthermore, how on earth the math community use -EV to prove gambling is a loser's game, is beyond belief! i would say it's unconscionable that mathematicians have done such a thing. it is just so pathetic that they use such a simple and flawed formula, to describe losses in gambling! to me, it almost doesn't make sense that they've done this, because it's just so ridiculous!

i think history will show that there is but no other way to describe how pathetic -EV has been to formulate gambling losses, than how i've described it above! and let no-one be under any illusion, i will be making my case on this topic. the masses also need to be informed at how misinformed the math field have been! they, the masses, have a right to eventually cast absolute scorn on the field of math!

more to come!
Last edited by: Wellbush on May 19, 2021
All persons reading my posts gamble at their own risk, as I do. I don't ordinarily dispute math. I may dispute math I don't understand, or if I think it's faulty. I am not a conspiracy theorist.
MDawg
MDawg
Joined: Sep 27, 2018
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Mission146
May 18th, 2021 at 11:33:51 PM permalink
GO KNIGHTS GO! 3-1 this game, Playoffs now 1-1 with Minnesota.

Masks mandatory (thankfully), seats spaced out (red and gold unoccupied) (View from the Jack Daniels lounge.)

8000 in attendance.

We weren't in the casino's suite this time. Aren't actually staying at this particular casino at this particular moment, just...I got the phone call and one of my hosts gave us the tickets.

Front Row! right behind the team. And I got a hockey stick signed by one of the players.


Every Knights player apparently drinks the same flavor Gatorade.







Goal!


San Manuel is comin' to town, via da Palms.
Last edited by: unnamed administrator on May 21, 2021
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
MDawg
MDawg
Joined: Sep 27, 2018
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Mission146
May 18th, 2021 at 11:52:25 PM permalink
Marc-Andre Fleury made 34 saves Ė his fourth straight game allowing one goal or fewer Ė as the Vegas Golden Knights tied their series with the Minnesota Wild at 1-1.
Last edited by: unnamed administrator on May 21, 2021
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people. https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
Wellbush
Wellbush
Joined: Mar 23, 2021
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Mission146
May 19th, 2021 at 12:10:38 AM permalink
i like the dark-topped one, rather than the ginger-topped one!😁
All persons reading my posts gamble at their own risk, as I do. I don't ordinarily dispute math. I may dispute math I don't understand, or if I think it's faulty. I am not a conspiracy theorist.
OnceDear
Administrator
OnceDear
Joined: Jun 1, 2014
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Mission146
May 19th, 2021 at 2:34:57 AM permalink
Quote: Wellbush

i reckon it's only a matter of time before -EV gets thrown in the bin, where it belongs. it appears from my initial learnings into this subject, MDawg's (and many others) been right all along!

Furthermore, how on earth the math community use -EV to prove gambling is a losers game, is beyond belief! i would say it's unconscionable that mathematicians have done such a thing. it is just so pathetic that they use such a simple and flawed formula, to describe losses in gambling! to me, it almost doesn't make sense that they've done this, because it's just so ridiculous!

i think history will show that there is but no other way to describe how pathetic -EV has been to formulate gambling losses, than how i've described it above! and let no-one be under any illusion, i will be making my case on this topic. the masses also need to be informed at how misinformed the math field have been! they, the masses, have a right to eventually cast absolute scorn on the field of math!

more to come!

ROTFLMAO!
So, Wellbush, who's done some 'initial learning on the subject' is going to use this math orientated forum to make his expert case to expose to the masses the wrongness of mathematicians and their pathetic formulae and analyses.

History will show, with his great revelation, that all those math based casinos haven't actually made money every year, or rather that they shouldn't have, if only the gamblers hadn't been so misguided by those pathetic naysayer mathematicians. Those stupid casino customers should instead have followed the guiding star to MDawg and his disciples and they would collectively prove once and for all that casinos are their to hand out free money.

Maybe this revelation will destroy the industry. Maybe the uprising against math will proceed to disprove gravity and we will all float away. Let us all quake with fear. Maybe WellBush will p155 off some powerful mathematicians who'll retaliate by putting out a hit on him, or maybe they'll see the light ( or have they been deliberately misguiding us all these centuries ).

And it all started here. In the subforum where "All betting systems are worthless. However, for the mathematically challenged, here is a forum of your own."

Wellbush. By Wizard's definition of this subforum, and by your outpourings here, you seem to exemplify 'mathematically challenged' and you are IMHO, in exactly the right place.
Beware. The earth is NOT flat. Hit and run is not a winning strategy: Pressing into trends IS not a winning strategy: Progressives are not a winning strategy: Don't Buy It! .Don't even take it for free.
Wellbush
Wellbush
Joined: Mar 23, 2021
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Mission146
May 19th, 2021 at 3:15:55 AM permalink
Quote: OnceDear

ROTFLMAO!
So, Wellbush, who's done some 'initial learning on the subject' is going to use this math orientated forum to make his expert case to expose to the masses the wrongness of mathematicians and their pathetic formulae and analyses.

History will show, with his great revelation, that all those math based casinos haven't actually made money every year, or rather that they shouldn't have, if only the gamblers hadn't been so misguided by those pathetic naysayer mathematicians. Those stupid casino customers should instead have followed the guiding star to MDawg and his disciples and they would collectively prove once and for all that casinos are their to hand out free money.

Maybe this revelation will destroy the industry. Maybe the uprising against math will proceed to disprove gravity and we will all float away. Let us all quake with fear. Maybe WellBush will p155 off some powerful mathematicians who'll retaliate by putting out a hit on him, or maybe they'll see the light ( or have they been deliberately misguiding us all these centuries ).

And it all started here. In the subforum where "All betting systems are worthless. However, for the mathematically challenged, here is a forum of your own."

Wellbush. By Wizard's definition of this subforum, and by your outpourings here, you seem to exemplify 'mathematically challenged' and you are IMHO, in exactly the right place.



my reply will come. i just had another revelation!...what were you saying about word soup?
All persons reading my posts gamble at their own risk, as I do. I don't ordinarily dispute math. I may dispute math I don't understand, or if I think it's faulty. I am not a conspiracy theorist.
unJon
unJon
Joined: Jul 1, 2018
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Mission146OnceDear
May 19th, 2021 at 4:12:33 AM permalink
Quote: OnceDear

ROTFLMAO!
So, Wellbush, who's done some 'initial learning on the subject' is going to use this math orientated forum to make his expert case to expose to the masses the wrongness of mathematicians and their pathetic formulae and analyses.

History will show, with his great revelation, that all those math based casinos haven't actually made money every year, or rather that they shouldn't have, if only the gamblers hadn't been so misguided by those pathetic naysayer mathematicians. Those stupid casino customers should instead have followed the guiding star to MDawg and his disciples and they would collectively prove once and for all that casinos are their to hand out free money.

Maybe this revelation will destroy the industry. Maybe the uprising against math will proceed to disprove gravity and we will all float away. Let us all quake with fear. Maybe WellBush will p155 off some powerful mathematicians who'll retaliate by putting out a hit on him, or maybe they'll see the light ( or have they been deliberately misguiding us all these centuries ).

And it all started here. In the subforum where "All betting systems are worthless. However, for the mathematically challenged, here is a forum of your own."

Wellbush. By Wizard's definition of this subforum, and by your outpourings here, you seem to exemplify 'mathematically challenged' and you are IMHO, in exactly the right place.



Every time you post a serious response to Wellbush, a bell unrings and somewhere an angel loses its wings.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
TomG
TomG
Joined: Sep 26, 2010
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Mission146
May 19th, 2021 at 4:58:52 AM permalink
Quote: Wizard

It depends on why one is playing in the first place. For a conservative player, who wants time on the game and minimize the damage in a bad session, flat betting is the way to go.

For the player who wants to increase his chances of walking away with a session profit, then mixing up the bet amount will accomplish that. The cost of that is losing more in a bad session.



If the reason someone was playing was to maximize profits over time, while playing with an advantage, changing bet amounts would limit how much they could win. They should flat bet whatever the table limit is, provided they had enough money to handle losses and they were not backed off. Is that correct?

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