David0603 All American 12764 Posts user info edit post |
jonnySim, you going to be in town the first week on Jan? 12/21/2006 2:03:44 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
oh man, now my post will get missed.
---------rectified
Quote : | "First off, I realize in the long run this system doesn't work. No betting system works in the long run. I'm simply saying, given a high enough betting ceiling, you can reduce the chance of going broke significantly.
Let's assume you're starting with a $1 bet and the max bet is $100. Using a Martingale system you stand to lose the following with each loss.
1 loss - $1 2 losses - $3 3 losses - $7 4 losses - $15 5 losses - $31 6 losses - $63
Assume everytime you win $1 you set it aside and restart. Statistically speaking only one time in 64 are you going to suffer 6 straight losses. That reduces the risk substantially. Now try performing the same system with a $1000 max bet. Now you have to lose 9 in a row to bust out.
In the long run you will bust out enough to cancel out your winnings. I knew that was the case, but I didn't know why. Thanks for the article David0603. " |
you've still got fundamental flaws.
First off, if you lose 6 in a row, its not $100, its $120. You'd have effectively busted your system in 5 loses, since you couldnt afford another spin if you limited to $100.
Whered you get 1:64?
You are attempting to ignore house edge in your calculations also, which in this case makes a difference.
its what, 38 spots on a layout? (from memory)
2 green, 18 black 18 red.
so, therefore each specific event you have a 47.368% chance of winning, with a 52.632% chance of losing.
(0.52632)^2 = 0.2771 ~27.7%
(0.52632)^3 = 0.1458 ~14.58 % (0.52632)^4 = 0.0767 ~7.67 %
(0.52632)^5 = 0.0404 ~4.04%
looks more like 1:25 to me.
and each specific spin is a brand new event, so technically, even if you've lost 500 straight spins, its still a 4% chance that you'll lose the next 5.
a 4% occurance with such a small sample size is a relatively low sigma event also, due tot he nature of variance and discrete outcomes.
do you know how long 25 spins lasts on a roulette table?
about 80 minutes tops.
you're better off to avoid the variance and just play normal bets if you are just trying to enjoy yourself. suck up the house edge, and consider that paying for your drinks.
so on a $10 table, paying one bet, you're still going to lose ~$0.50 per spin, or upwards of $15/hr.
whaturr.
The interesting part about martingaling comes in with the situation that busting out actually saves you money, and it could be argued that busting actually saves you money, even for when you would have won the next spin. (not saying that youre saving -ev by not betting, lol, thats fucking obvious) Thats where the concepts start to get fuzzy.
There's tons more that could be said aboutt his, perhaps ill get into some of it if this is still going when i get home from work.
[Edited on December 21, 2006 at 2:01 PM. Reason : e]
[Edited on December 21, 2006 at 2:10 PM. Reason : wikiwiki]12/21/2006 2:04:28 PM |
David0603 All American 12764 Posts user info edit post |
yeah, I hate it when that happens, just copy it to the top of the new page 12/21/2006 2:05:30 PM |
sumfoo1 soup du hier 41043 Posts user info edit post |
man i keep getting some b.s. out draw right before the $ 12/21/2006 10:20:46 PM |
linoleum24 All American 848 Posts user info edit post |
anyone in raleigh want to get a game going tonight? 12/22/2006 4:39:37 PM |
David0603 All American 12764 Posts user info edit post |
nah, packing for trip to Tampa. How long you in town? 12/22/2006 4:46:35 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
i would be down if i was there.
decided not to worry about comming to raleigh tonight, and am just gonna drive home in the am 12/22/2006 4:49:53 PM |
linoleum24 All American 848 Posts user info edit post |
ill be in town until tomorrow. 12/22/2006 5:49:02 PM |
NCSUPoker New Recruit 6 Posts user info edit post |
You guys should check out mansion poker if you play online, they got 100% signup bonus up to $1000. And they have added $250,000 to tournament prize pools over the holiday season. Lots of good poker site reviews can be found at http://propokerbonuses.com 12/22/2006 6:12:06 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
mmmm spammmy 12/22/2006 6:16:49 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
ok so ive spent the last few hours reading this brandi hawbaker shit,
and all i can say is
GODDAMN
i mean, offering anal sex for sat. seats, jesus christ
[Edited on December 22, 2006 at 7:24 PM. Reason : e] 12/22/2006 7:23:50 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
wait a minute, i think hish may know one of these guys that is a central figure in this soap opera 12/22/2006 7:39:04 PM |
linoleum24 All American 848 Posts user info edit post |
what are you talking about? 12/22/2006 8:53:59 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
there is a 500 page thread on 2+2 about it.
http://forumserver.twoplustwo.com/showflat.php?Cat=0&Board=gossip&Number=8493754&page=0&fpart=all
theres an overview, some drama that has gone down since sept.
the guy who won the borgata event has a key role,
her busting a stars account for 30k without his notice for one, he seemed to take up for her, and then got completely used
shes pretty hot too, but a complete nutjob. 12/22/2006 8:57:26 PM |
linoleum24 All American 848 Posts user info edit post |
yea, went to school with newhouse. 12/22/2006 8:58:50 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
haha
12/22/2006 9:08:35 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
hish, im sorry to rain on your parade,
but who has the bigger tits here?
howard or annie?
btw, im not quite sure i like the connotations of this:
12/22/2006 11:06:16 PM |
David0603 All American 12764 Posts user info edit post |
god damn, was he always that big? 12/22/2006 11:07:34 PM |
linoleum24 All American 848 Posts user info edit post |
Ill post a losing hand. Nice huh?
PokerStars Game #7573728726: Hold'em No Limit ($1/$2) - 2006/12/23 - 16:37:35 (ET) Table 'Lomia II' 9-max Seat #6 is the button Seat 2: MisterX ($110.35 in chips) Seat 4: blime ($192.70 in chips) Seat 5: jdmorri ($145.10 in chips) Seat 6: IUP61 ($141.20 in chips) Seat 7: GenetikFreak ($272.10 in chips) Seat 8: The Hish 24 ($168.95 in chips) GenetikFreak: posts small blind $1 The Hish 24: posts big blind $2 honda954: sits out nash84: sits out *** HOLE CARDS *** Dealt to The Hish 24 [3h 6h] MisterX: folds blime: folds jdmorri: folds IUP61: raises $4 to $6 GenetikFreak: calls $5 The Hish 24: calls $4 *** FLOP *** [3s Jh Qh] GenetikFreak: checks The Hish 24: checks Cevan8 joins the table at seat #3 IUP61: checks *** TURN *** [3s Jh Qh] [Ah] GenetikFreak: bets $8 The Hish 24: raises $17 to $25 IUP61: folds GenetikFreak: raises $25 to $50 The Hish 24: raises $112.95 to $162.95 and is all-in GenetikFreak said, "i have nuts" GenetikFreak: calls $112.95 *** RIVER *** [3s Jh Qh Ah] [2s] *** SHOW DOWN *** GenetikFreak: shows [Kh Th] (a Royal Flush) The Hish 24: mucks hand GenetikFreak collected $340.90 from pot *** SUMMARY *** Total pot $343.90 | Rake $3 Board [3s Jh Qh Ah 2s] Seat 2: MisterX folded before Flop (didn't bet) Seat 4: blime folded before Flop (didn't bet) Seat 5: jdmorri folded before Flop (didn't bet) Seat 6: IUP61 (button) folded on the Turn Seat 7: GenetikFreak (small blind) showed [Kh Th] and won ($340.90) with a Royal Flush Seat 8: The Hish 24 (big blind) mucked [3h 6h] 12/23/2006 4:39:56 PM |
BoobsR_gr8 All American 30000 Posts user info edit post |
wtf hish 12/23/2006 4:59:57 PM |
Shivan Bird Football time 11094 Posts user info edit post |
damn, was that Howard Lederer? He really let himself go. Or maybe it was in the past. From wiki:
Quote : | "A long-time vegetarian, Lederer once won a $10,000 proposition bet by eating a cheeseburger. Lederer became a vegetarian after having gastric bypass surgery to lose weight. One of his nicknames (given to him by Doyle Brunson) was "bubba", which was shortened to "bub" after Lederer lost the weight." |
12/23/2006 5:23:55 PM |
linoleum24 All American 848 Posts user info edit post |
Playing at a table with LEGGGYYYY right now.
PokerStars Game #7575554872: Tournament #38437493, $5.00+$0.50 Hold'em No Limit - Level IV (50/100) - 2006/12/23 - 18:46:17 (ET) Table '38437493 59' 9-max Seat #7 is the button Seat 1: The Hish 24 (4030 in chips) Seat 2: vadhara (1500 in chips) Seat 4: reddragon55 (1320 in chips) Seat 5: king$STARS (18120 in chips) Seat 6: legggggggggy (9390 in chips) Seat 7: huntt (1500 in chips) Seat 8: chipper3286 (8895 in chips) Seat 9: Sevillano (4235 in chips) chipper3286: posts small blind 50 Sevillano: posts big blind 100 *** HOLE CARDS *** Dealt to The Hish 24 [2h 2d] huntt re-buys and receives 1500 chips for $5.00 The Hish 24: raises 3930 to 4030 and is all-in vadhara: folds reddragon55: folds king$STARS: folds legggggggggy: raises 5360 to 9390 and is all-in huntt: calls 1500 and is all-in chipper3286: folds Sevillano: folds *** FLOP *** [7s 3d 7d] *** TURN *** [7s 3d 7d] [2c] *** RIVER *** [7s 3d 7d 2c] [8s] *** SHOW DOWN *** The Hish 24: shows [2h 2d] (a full house, Deuces full of Sevens) legggggggggy: shows [Ks As] (a pair of Sevens) The Hish 24 collected 5060 from side pot huntt: shows [Tc Qh] (a pair of Sevens) The Hish 24 collected 4650 from main pot *** SUMMARY *** Total pot 9710 Main pot 4650. Side pot 5060. | Rake 0 Board [7s 3d 7d 2c 8s] Seat 1: The Hish 24 showed [2h 2d] and won (9710) with a full house, Deuces full of Sevens Seat 2: vadhara folded before Flop (didn't bet) Seat 4: reddragon55 folded before Flop (didn't bet) Seat 5: king$STARS folded before Flop (didn't bet) Seat 6: legggggggggy showed [Ks As] and lost with a pair of Sevens Seat 7: huntt (button) showed [Tc Qh] and lost with a pair of Sevens Seat 8: chipper3286 (small blind) folded before Flop Seat 9: Sevillano (big blind) folded before Flop 12/23/2006 6:47:39 PM |
linoleum24 All American 848 Posts user info edit post |
Officially done with online poker and hopefully poker in general. I hope I can turn out like Ben and just become a bar rat.
BLAHHHHHHH for days like this. 12/24/2006 1:53:34 AM |
BoobsR_gr8 All American 30000 Posts user info edit post |
im done with lower limits, which is kinda sad b/c i will miss seeing all the people at the 1/3 games 12/24/2006 4:41:07 AM |
pilgrimshoes Suspended 63151 Posts user info edit post |
Quote : | " hope I can turn out like Ben and just become a bar rat" |
12/24/2006 9:52:49 AM |
Drovkin All American 8438 Posts user info edit post |
Is that picture really what Howard and Annie look like now? Or is that an old picture? I've had a massive crush on Annie for quite some time now, and don't want to have my fantasy ruined 12/25/2006 9:37:06 AM |
sumfoo1 soup du hier 41043 Posts user info edit post |
think its a few years old when annie was preggers
Quote : | "in 2000, Annie finished the Main Event in 10th place, one spot short of the final table, while she was eight months pregnant with her third child" |
yep 6 years ago.
[Edited on December 25, 2006 at 10:05 AM. Reason : .]12/25/2006 10:04:10 AM |
pilgrimshoes Suspended 63151 Posts user info edit post |
meh.
in nc.
anything interesting? 12/26/2006 3:03:36 AM |
BoobsR_gr8 All American 30000 Posts user info edit post |
you feel like playin cards on thurs ben? 12/26/2006 11:51:10 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
that could work.
lemme know.
im probably going to greenville tonight, then may come up to raleigh tommorow.
got to meet up with some people for a bit, but then afterwards 12/27/2006 11:41:44 AM |
BoobsR_gr8 All American 30000 Posts user info edit post |
maybe we can get jon to put a game together or something 12/27/2006 2:53:04 PM |
Nashattack All American 7022 Posts user info edit post |
reading 2+2 gave me a headache... ugh
some of these number-crunching people scare me and I'm a damn statistics major 12/27/2006 4:58:44 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
played on stars last night for the first time in months.
wow. 1/2/2007 10:40:35 AM |
forkgirl All American 3102 Posts user info edit post |
Well, I am currently in Tennessee(family reasons) and I found out that Tunica is hosting the World Poker Tour and I am thinking of going South.
I found out that the casinos are about 45 min away. 1/2/2007 10:46:14 AM |
pilgrimshoes Suspended 63151 Posts user info edit post |
make sure you get into some of those no limit lowball games
heeeehaww 1/2/2007 11:14:21 AM |
linoleum24 All American 848 Posts user info edit post |
i just read that jamie gold is on this seasons high stakes poker. i cant wait to see that. 1/2/2007 3:45:17 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
my episodes premier in april.
just wait till you see this bluff i put on esfandari 1/2/2007 4:20:04 PM |
Nashattack All American 7022 Posts user info edit post |
^? 1/2/2007 4:39:32 PM |
linoleum24 All American 848 Posts user info edit post |
PokerStars Game #7733452186: Hold'em No Limit ($0.50/$1.00) - 2007/01/02 - 18:24:43 (ET) Table 'Chromios' 9-max Seat #9 is the button Seat 1: nukefish ($20.65 in chips) Seat 2: RipleyBogle ($53.50 in chips) Seat 3: wx22z ($50.55 in chips) Seat 4: rabco ($56.80 in chips) Seat 5: A1141 ($168.35 in chips) Seat 7: el Sinep ($44.25 in chips) Seat 8: The Hish 24 ($100.80 in chips) Seat 9: bpward50 ($63.80 in chips) nukefish: posts small blind $0.50 RipleyBogle: posts big blind $1 *** HOLE CARDS *** Dealt to The Hish 24 [5s 5d] wx22z: folds rabco: folds A1141: folds el Sinep: folds The Hish 24: calls $1 bpward50: raises $3 to $4 nukefish: folds RipleyBogle: folds The Hish 24: calls $3 *** FLOP *** [5h 5c 2d] The Hish 24: checks bpward50: bets $5 The Hish 24: calls $5 *** TURN *** [5h 5c 2d] [6c] The Hish 24: checks bpward50: bets $15 The Hish 24: calls $15 *** RIVER *** [5h 5c 2d 6c] [As] The Hish 24: bets $25 bpward50: folds el Sinep is sitting out The Hish 24 collected $47.10 from pot *** SUMMARY *** Total pot $49.50 | Rake $2.40 Board [5h 5c 2d 6c As] Seat 1: nukefish (small blind) folded before Flop Seat 2: RipleyBogle (big blind) folded before Flop Seat 3: wx22z folded before Flop (didn't bet) Seat 4: rabco folded before Flop (didn't bet) Seat 5: A1141 folded before Flop (didn't bet) Seat 7: el Sinep folded before Flop (didn't bet) Seat 8: The Hish 24 collected ($47.10) Seat 9: bpward50 (button) folded on the River 1/2/2007 6:27:10 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
standard? 1/2/2007 7:00:10 PM |
David0603 All American 12764 Posts user info edit post |
standard 1/2/2007 7:28:05 PM |
linoleum24 All American 848 Posts user info edit post |
yes!!!! i am standard!!!! 1/2/2007 7:33:01 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
dont mind me, im just pwn'n The Dude 1/2/2007 8:33:08 PM |
The Dude All American 6502 Posts user info edit post |
^haha, taking $15 from me is nothing
i'll give it an a half hour before i'm up again 1/2/2007 8:36:02 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
you dont know who you're fucking with
btw, since im nice
Dealt to pilgrimshoes [2c Ac] The Hish 24 said, "filter bot" A1141: folds Monarch44: folds Shostyfive: folds The Hish 24: folds switch3d: folds Wiyada: calls $1 NCWolfpack44: raises $2 to $3 eidisen: folds pilgrimshoes: calls $2 Wiyada: folds *** FLOP *** [Tc Qd As] pilgrimshoes: checks NCWolfpack44: bets $5 pilgrimshoes: calls $5 *** TURN *** [Tc Qd As] [Jh] pilgrimshoes: checks NCWolfpack44: bets $8 pilgrimshoes: raises $16 to $24 NCWolfpack44: folds pilgrimshoes collected $31.90 from pot pilgrimshoes: doesn't show hand
standard. 1/2/2007 8:38:08 PM |
pilgrimshoes Suspended 63151 Posts user info edit post |
now im just fucking around 1/2/2007 8:40:57 PM |
The Dude All American 6502 Posts user info edit post |
^i had Q-9
position raise
do you raise everytime you have the button Hish? 1/2/2007 9:05:15 PM |
linoleum24 All American 848 Posts user info edit post |
no...how many hands have you seen me play? i play to make money at these levels, not to win. 1/2/2007 9:07:58 PM |
The Dude All American 6502 Posts user info edit post |
i'm getting absolutely nothing right now 1/2/2007 9:11:00 PM |
linoleum24 All American 848 Posts user info edit post |
you and me both brother 1/2/2007 9:11:27 PM |