AxiomOfChoice
Joined: Sep 12, 2012
• Posts: 5761
May 1st, 2014 at 9:53:46 AM permalink
Quote: NokTang

An overall good set of points and principals, however, streaks do occur and if you aren't afraid to jump on them and then retreat at the end of same, you can walk away with real money. Wait for the opportunity by slowly pressing up to your comfort level maximum, then ride it out! Nothing lasts forever of course but it can be a winning ride and conclusion.

I never said that streaks don't occur, I said that they provide no predictive value.

If there have been 4 blacks in a row, the probability of the next spin being black is 18/37 on single-zero, and 18/38 on double-zero, same as if the last 4 spins have been red, or if they have been black-red-red-black. The probability of you winning is still < 50%, and they are still paying you only even money on the game, so you are still not beating the game. The casino is just taking all your money, 1/37 of a bet at a time.

This is just gambler's fallacy feeding into an admitted gambling addiction. I'd suggest getting help before it gets out of control. This could end very badly for you.
TerribleTom
Joined: Feb 18, 2014
• Posts: 319
May 1st, 2014 at 10:48:51 AM permalink
Quote: AxiomOfChoice

This is just gambler's fallacy feeding into an admitted gambling addiction. I'd suggest getting help before it gets out of control. This could end very badly for you.

Ahigh
Joined: May 19, 2010
• Posts: 5167
May 1st, 2014 at 11:15:07 AM permalink
http://dumbass.website
chickenman
Joined: Nov 1, 2009
• Posts: 997
May 1st, 2014 at 11:50:34 AM permalink
Ah, good one, took me a minute. Duh.
rudeboyoi
Joined: Mar 28, 2010
• Posts: 2001
May 1st, 2014 at 1:16:48 PM permalink
NokTang could be a generic tang. Like a knockoff of real tang.
NokTang
Joined: Aug 15, 2011
• Posts: 1314
May 1st, 2014 at 10:25:35 PM permalink
Quote: AxiomOfChoice

I never said that streaks don't occur, I said that they provide no predictive value..

Everyone agrees on that. However, I said if you jump on a streak and ride it out, you can find yourself in the winners circle. If you don't i.e. continue to think there is no value in doing it, you will in fact lose in the long run.
RS
Joined: Feb 11, 2014
• Posts: 8623
May 1st, 2014 at 10:38:29 PM permalink
What happens when there are 4 blacks in a row, you bet black, and the ball lands on red? Is the streak over? Or is that 1 red just a small blip in the streak? After it goes BBBBR, do you now bet with the Red streak (since the streak is 1), or do you bet black because 4/5 of the past 5 have been black?

Do you have a set "system" for the streaks? For example, do you specifically wait until a certain amount of red or black have been hit in a row before you bet it? Or is it more based on feel? For example, if you told me your strategy and it was a strict "do this if this happens, do that if that happens, don't play if other X happens".... Would I, if using your strategy at the same table, bet exactly as you would? Or is it more based on feel, where another player would not be able to bet the exact same way you do, because what you "feel" and what another player "feels" would be different?
Twirdman
Joined: Jun 5, 2013
• Posts: 1004
May 1st, 2014 at 11:42:17 PM permalink
Quote: NokTang

Everyone agrees on that. However, I said if you jump on a streak and ride it out, you can find yourself in the winners circle. If you don't i.e. continue to think there is no value in doing it, you will in fact lose in the long run.

You will lose in the long run regardless. Do not get trapped in the gamblers fallacy.
Deucekies
Joined: Jan 20, 2014
• Posts: 1328
May 1st, 2014 at 11:54:48 PM permalink
Are you guys sure he's not trolling?
Casinos are not your friends, they want your money. But so does Disneyland. And there is no chance in hell that you will go to Disneyland and come back with more money than you went with. - AxelWolf and Mickeycrimm
NokTang
Joined: Aug 15, 2011