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arcticfun
arcticfun
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October 7th, 2013 at 6:38:41 AM permalink
Every so often as I near the end of a session due to time or other constraints, I give serious consideration to making a "hail Mary" bet. The typical circumstances are being down about 50% of my session bankroll (I specifically mean *session* bankroll, not my total stake). What are people's thoughts on making an end-all Hail Mary bet under "favorable" circumstances (small positive True Count, within table betting limits, etc.)? Would you accept a 50% loss and come back another time or would you rather give up what you came into the casino willing to lose in the first place, for a roughly 50% at getting back what you lost?
Mission146
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October 7th, 2013 at 8:40:17 AM permalink
Quote: arcticfun

Every so often as I near the end of a session due to time or other constraints, I give serious consideration to making a "hail Mary" bet. The typical circumstances are being down about 50% of my session bankroll (I specifically mean *session* bankroll, not my total stake). What are people's thoughts on making an end-all Hail Mary bet under "favorable" circumstances (small positive True Count, within table betting limits, etc.)? Would you accept a 50% loss and come back another time or would you rather give up what you came into the casino willing to lose in the first place, for a roughly 50% at getting back what you lost?



My thought is that you should never make a bet unless you have enough left afterwards to Split+Double the maximum amount of times possible, or you are making a horrible bet.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
vendman1
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October 7th, 2013 at 8:57:23 AM permalink
Mission is certainly correct, in that for BJ specifically you have to have enough left to cover at least one double or split. Or you will be kicking yourself if you catch an 11 vs. a dealer 6. So no not a big fan of the hail-mary bet. Just like in football it usually means you are losing.
SOOPOO
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October 7th, 2013 at 9:13:19 AM permalink
Quote: arcticfun

Every so often as I near the end of a session due to time or other constraints, I give serious consideration to making a "hail Mary" bet. The typical circumstances are being down about 50% of my session bankroll (I specifically mean *session* bankroll, not my total stake). What are people's thoughts on making an end-all Hail Mary bet under "favorable" circumstances (small positive True Count, within table betting limits, etc.)? Would you accept a 50% loss and come back another time or would you rather give up what you came into the casino willing to lose in the first place, for a roughly 50% at getting back what you lost?



Agree with others that I never made such a bet on BJ table. My personal rule was to have enough for one split and double both at a minimum, so if betting $10 I needed at least $30 to back it up. But playing my new games of choice, Pai Gow Poker, or Pai Gow Tiles, I will make the Hail Mary at the end of a session. My mindset is to try and win after having played a reasonable time. So if I've brought $400 for the day, and am down $175, and feel its time to go, I'll throw down$200. That way I have a 50-50 chance of walking out a winner. Albeit a winner of $15 versus possibly being a loser of $375! My last two hail Mary's have been Flutie-esque! Anyone who doesn't understand can google it....
MidwestAP
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October 7th, 2013 at 9:18:07 AM permalink
Quote: arcticfun

Every so often as I near the end of a session due to time or other constraints, I give serious consideration to making a "hail Mary" bet. The typical circumstances are being down about 50% of my session bankroll (I specifically mean *session* bankroll, not my total stake). What are people's thoughts on making an end-all Hail Mary bet under "favorable" circumstances (small positive True Count, within table betting limits, etc.)? Would you accept a 50% loss and come back another time or would you rather give up what you came into the casino willing to lose in the first place, for a roughly 50% at getting back what you lost?



Same thing as was previously mentioned. I'll throw a hail mary on pai gow poker or on the pass line at craps if it's time to go and I have less than half my original stake for that table. These bets range from $100-$500. Overall lady variance has smiled on me in these situations.

I won't do it at blackjack unless I pull enough back to cover dd and splits opportunities AND I have a favorable count.
Mosca
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October 7th, 2013 at 9:50:31 AM permalink
But you've already bet the maximum you have, so what good is being able to double? If your normal bet is $25, and you have $50 left so you bet it all... what's the difference? If you hit a 10, it's the same as had you doubled. If you get an A, you get another chance to decide.

Splits, different story. Doubles, I think it doesn't matter.
A falling knife has no handle.
Mission146
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October 7th, 2013 at 10:32:36 AM permalink
It matters from a standpoint of BS and Expected Value. The financial consequences of not being able to Double (but winning) are the same in that case, yes. However, let's look at a hand where you have 16 against a Dealer showing Ace, now you've lost $50 (probably) instead of $25. Expected Value.

Take it to Craps and throw it on either Pass Line or Don't Pass, the House Edge on Blackjack makes it a far worse bet if you limit yourself to just hitting or standing optimally.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
Mosca
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October 7th, 2013 at 10:52:44 AM permalink
Agreed, I am coming from the understanding that you were making that large a bet anyhow. Myself, I don't make Hail Mary bets. I'd put the money in a high dollar slot instead. I'd rather take 10 shots at the $5 Wheel of Fortune than bet $100 at 3 Card or some such. I don't know why, it's just what appeals to me.
A falling knife has no handle.
wroberson
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October 9th, 2013 at 3:18:16 AM permalink
Sorry.

Hail Mary is causing a block.

A Hail Mary is usually done when the team is down. It's late in the game and you're behind.

In blackjack, it would be, it's late in the shoe. You're ahead and the count is positive or negative.
Now, from what I get from the players here is that they would not leave a positive count and would raise their bet.
Buffering...
vendman1
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October 9th, 2013 at 5:45:05 AM permalink
Quote: wroberson

Sorry.

Hail Mary is causing a block.

A Hail Mary is usually done when the team is down. It's late in the game and you're behind.

In blackjack, it would be, it's late in the shoe. You're ahead and the count is positive or negative.
Now, from what I get from the players here is that they would not leave a positive count and would raise their bet.



I think everyone understood what you meant by a Hail Mary. My advice is the same.
djatc
djatc
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October 9th, 2013 at 12:29:10 PM permalink
I made an entry into the high limit room. $100 double deck. Off the top of the new deck I placed 5 black chips with a buyin of $1000.

I kept the spare 500 for a split or double. The dealer pitches me a 7, then a 9. He flips over the doomed 10. Was a bitch of hearts or a jack, who knows or cares at this point. I came to make one big bet, so my session was going to end before it began. I scrape my cards with a defeated look on my face since I would need an ace-4 to win....... We all know what happened after that.

Mind you always play table minimum so this was quite a jump.
"Man Babes" #AxelFabulous
Buzzard
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October 9th, 2013 at 12:31:57 PM permalink
Gee, you did not chart the dealer first ? No wonder you lost !
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Ibeatyouraces
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October 9th, 2013 at 12:34:08 PM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
teddys
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October 9th, 2013 at 5:42:07 PM permalink
Quote: djatc

I kept the spare 500 for a split or double. The dealer pitches me a 7, then a 9. He flips over the doomed 10. Was a bitch of hearts or a jack, who knows or cares at this point. I came to make one big bet, so my session was going to end before it began. I scrape my cards with a defeated look on my face since I would need an ace-4 to win....... We all know what happened after that.

Yeah, you got a five :)

But seriously, why would you do that unless you knew the first card was for sure a ten or an ace? Or you could have waited until a high count? AP is not about sucker gambling, my friend.

I recently had the opportunity to take a $950 double down. Unfortunately, the guy called his wife who came down with the money :(
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
djatc
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October 9th, 2013 at 6:57:33 PM permalink
Quote: teddys

Yeah, you got a five :)

But seriously, why would you do that unless you knew the first card was for sure a ten or an ace? Or you could have waited until a high count? AP is not about sucker gambling, my friend.

I recently had the opportunity to take a $950 double down. Unfortunately, the guy called his wife who came down with the money :(



It was involving a lucrative promotion like Revel but blackjack only. Gotta go hard or go home! I went home with my tail tucked between my legs.
"Man Babes" #AxelFabulous
teddys
teddys
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October 9th, 2013 at 6:59:35 PM permalink
Quote: djatc

It was involving a lucrative promotion like Revel but blackjack only. Gotta go hard or go home! I went home with my tail tucked between my legs.

Ah, well, bad variance then.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
gr8player
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October 10th, 2013 at 9:35:58 AM permalink
Quote: Ibeatyouraces

If you're going to do this, blackjack is one of the worst games.



Any game is the "worst game" as it pertains to "hail mary"s or, I as refer to them, "bail-out" bets.

They remain as a "no-win" situation, and those that say that they win them all the time are, I'm afraid, using their "selective" memories.

If you lose your bail-out bet, all you did was exacerbate an already aggravating and disruptive loss (must've been, or you wouldn't even have thought of bailing your way out). Now you're left cursing yourself and your bad luck all the way home, broke.

And, even should you be so fortunate as to win your bail-out bet, what sort of "negative reinforcement" might that serve as? How often might you revert to that supposedly "easy way out" in the future, only to see them fall hopelessly into the dealer's tray?

No, my friends, there is no good game for any bail out bets.

There exists only the grind. And that includes, among other things, step-by-step recoup when necessary. It is, IMHO, the "only way to live" at the tables.
Ibeatyouraces
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October 10th, 2013 at 10:50:12 AM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
Mission146
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October 11th, 2013 at 6:43:30 AM permalink
Quote: gr8player


If you lose your bail-out bet, all you did was exacerbate an already aggravating and disruptive loss (must've been, or you wouldn't even have thought of bailing your way out). Now you're left cursing yourself and your bad luck all the way home, broke.

And, even should you be so fortunate as to win your bail-out bet, what sort of "negative reinforcement" might that serve as? How often might you revert to that supposedly "easy way out" in the future, only to see them fall hopelessly into the dealer's tray?



I tend to disagree with you, if you have a session buy-in that you were willing to lose anyway, but get tired of playing and are around the halfway down point, you might say: Okay, I'm either going to lose the amount planned or leavin' even! Nothing wrong with that, in my opinion, just have to be sure to make a bet that doesn't hurt your EV, which putting it all on a hand of Blackjack would.

Again, I don't think it negatively enforces anything if one is not playing over one's head to begin with. If this is just money that the player has already prepared for the possibility of losing, then no problem, in my opinion.

If one were to lose one's session bankroll, and then proceeds to buy-in for an unplanned amount, however, in an effort to recoup...then I may have some disagreement with that.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
kitties666
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October 15th, 2013 at 12:36:18 AM permalink
When I get fed up from stagnant action I tend to get real aggressive. I wouldn't call it a hail mary, but my minimum will increase from $15-25ish to $50-75ish. Spent almost 24 hours breaking even between mohegan & foxwoods before employing this betting strategy & made about $1000 on the way out...I just hit a nice streak. Totally could have gone the other way. I was just getting tired of playing & felt like something needed to happen...

Recently, no matter how I play, I can't seem to get ahead...so I've been out since August & won't be playing again until December/January.
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