Gambling Theory – Variance and Mathematical Expectation

Posted on March 5, 2012 by aadmin40

Gambling Theory – Variance and Mathematical Expectation

and how to use it to make money in tie bets in baccarat (strongly recommended)

Vegas World casino owner Bob Stupak said, “Having one-thousandth of one percent the worst of it, if he plays long enough, that one-thousandth of one percent will bust the richest man in the world.”

As you know, Bob Stupak own the casino Stratosphere.

I played once in Stratosphere casino. I played 0.2% odds blackjack. For the first four days, I lost US$500 despite card counting. This was due to variance. I received plenty of stiff cards. When you get stiff cards in blackjack, the odds against you averages 15%.

There was nothing much I could do except to take loss. Then, I went to attend a Medical Seminar in Palm Spring followed by a Medical Evaluation Examination.

Subsequently, I returned to Stratosphere casino and continued to play blackjack the same way. Surprisingly, variance and positive expectations came to my rescue. By the end of third day, I won US$700 for a net win of US$200.

Gambling Theory involve ideas that frequently involve concepts that are deep, abstract and subtle.

This post is about the general theories and concepts of gambling, which apply to nearly all casino games – baccarat, roulette, blackjack, Tai-Sai, and Poker.

Beginning recreational gamblers always make flawed assumptions.
They belief that lady luck, systems and money management give them the edge to beat the casino.

By explaining the logic of gambling, this post will, I hope, show the gambler what kinds of stuffs to focus on in order to become a better gambler.

To illustrate the concepts presented, I prefer to use these five games – baccarat, roulette, blackjack, Mini-dice, and Poker.

Gambling theory is not easy, but a careful reading of it should reap rich rewards.

Mathematical expectation is the amount a bet will average winning or losing. It is an extremely important concept for the gambler because it shows him how to evaluate most gambling problems. Using mathematical expectation is also the best way to analyze most situations where you can find positive expected values.

Let’s say you are betting with a friend $1, even money, on the flip of a coin. Each time it comes up heads, you win; each time it comes up tails, you lose. The odds of its coming up heads are 1-to-1, and you’re betting $l-to-$l. Therefore, your mathematical expectation is precisely zero since you cannot expect, mathematically, to be either ahead or behind after two flips or after 200 flips.

Your hourly rate is also zero. Hourly rate is the amount of money you expect to win per hour. You might be able to flip a coin 500 times an hour, but since you are getting neither good nor bad odds, you will neither earn nor lose money. From a serious gambler’s point of view, this betting proposition is not a bad one. It’s just a waste of time.

But let’s say some ‘fish’ is willing to bet $2 to your $1 on the flip of the coin. Suddenly you have a positive expectation of 50 cents per bet. Why 50 cents? On the average you will win one bet for every bet you lose. You wager your first dollar and lose $1; you wager your second and win $2. You have wagered $1 twice, and you are $1 ahead. Each of these $1 bets has earned 50 cents.

If you can manage 500 flips of the coin per hour, your hourly rate is now $250, because on average you will lose one dollar 250 times and win two dollars 250 times $500 minus $250 equals a $250 net win. Notice again that your mathematical expectation, which is the amount you will average winning per bet, is 50 cents. You have won $250 after betting a dollar 500 limes: That works out to be 50 cents per bet.

Mathematical expectation has nothing to do with results. The ‘fish’ might win the first ten coin flips in a row, but betting 2-to-l odds on an even-money proposition, you still earn 50 cents per $1 bet. It makes no difference whether you win or lose a specific bet or series of bets as long as you have a bankroll to cover your losses easily.

If you continue to make these bets, you will win, and in the long run your win will approach specifically the sum of your expectations.

Anytime you make a bet with the best of it, where the odds are in your favour, you have earned something on that bet, whether you actually win or lose the bet. In the same way, when you make a bet with the worst of it, where the odds are not in your favour, you have lost something, whether you actually win or lose the bet.

You have the best of it when you have a positive expectation, and you have a positive expectation when the odds are in your favour. You have the worst of it when you have a negative expectation, and you have a negative expectation when the odds are against you. Serious gamblers bet only when they have the best of it; when they have the worst of it, they do not bet.

What does it mean to have the odds in your favour? It means winning more on a result than the true odds warrant. The true odds of a coin’s coming up heads are 1-to-l, but you’re getting 2-to-l for your money. The odds in this instance are in your favour. You have the best of it with a positive expectation of 50 cents per bet.

Mathematical expectation is at the heart of every gambling situation, When a bookie requires football bettors to lay $11 to win $10, he has a positive expectation of 50 cents per $10 bet. When a casino pays even money on the PLAYER bet at the baccarat table, it has a positive expectation of about $1.36 per $100 bet since the game is structured so that the PLAYER bettor will lose 103 decisions for every 100 decisions he win.

Indeed it is this seemingly minuscule positive expectation that provides casinos around the world with all their enormous profits. This is something that casino knows but don’t want gamblers to know.

In most gambling situations like casino baccarat (except ties), craps and roulette, the odds on any given bet are constant. In others like blackjack and poker, they change, and mathematical expectation can show you how to evaluate a particular situation.

In blackjack, for instance, to determine the right play, mathematicians have calculated your expectation playing a hand one way and your expectation playing it another way.

Whichever play gives you a higher positive expectation or a lower negative expectation is the right one For example, when you have a 16 against the dealer’s 10, you’re a favourite to lose.

However, when that 16 is 8,8, your best play is to surrender and lose half the bets. If surrender is not allowed, your second best is to split the 8s, doubling your bet. By splitting the 8s against the dealer’s 10, you still lose but lose less. Splitting do not give you the edge. Splitting helps you to lose less. You have a lower negative expectation than if you simply hit every time you had an 8,8 against a 10.

In the long run a gambler’s overall win or loss is the sum of his mathematical expectations in individual situations. The more bets you make with a positive expectation, the bigger winner you stand to be. The more bets you make with a negative expectation, the bigger loser you stand to be. Therefore, you should almost always try to make the bet that will maximize your positive expectation or minimize your negative expectation.

If you choose to play baccarat, I recommend playing ties towards the end of the shoes despite the 14% odds in ties. In blackjack, the odds can fluctuate two ways, either against you or in favour of you. In baccarat, the odds always fluctuate in the direction in favour of you.

I repeat:

IN BACCARAT TIE BETS, THE ODDS ALWAYS FLUCTUATE IN FAVOUR OF YOU.

When the odds remain the same or out by one number, do not bet. You can bet when at least two numbers are eliminated.

You need not be exact. Approximation is sufficient. Practise playing this way for some time and you will fall in love with another game where you can find plenty of similar situations. That game is professional poker. Evaluation of mathematical expectation is the bread and butter of professional poker.

With this post, I hope, you will learn how to spot situations with positive expected values in order to make money. In case you are barred for winning with tie bets, you can always switch over to professional poker.

If you have any questions email me at

soondr@gmail.com

Subscribe to

Free Gambling Courses

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Review of Beat The Casino by Frank Barstow

Posted on March 4, 2012 by aadmin40

Review of Beat The Casino by Frank Barstow

Frank Barstow was a Wall Street Analyst. Upon retirement he did substantial research on gambling systems.
All the gambling systems are documented in the book “Beat The Casino”. The book is now out of print.

He concluded by saying that he could have named these systems as “Royal Road to Riches, but he chose not to”. Then, in the epiloque, he criticised the politicians for legalising the casinos.

He explored up as you win systems, up as you lose systems, bet selection and partnership play.

UP AS YOU WIN

If you would like to go for small but consistent wins, parlay is a good system to use.

Barstow recommends this system

2 3 4 5 7 10.

Total= 31 units.

He said you should win 42 units for every 31 units that you lose.

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You can also use the 31-parlay system

1 1 1 2 2 4 4 8 8

This system was documented in Las Vegas magazine. This old man make a living playing just one system.

The total loss per series is 31 units. That is why it is commonly known as 31-parlay system.

For playing parlay systems, use the reverse-repeat bet selection (more on this later).

And try to chose tables with lots of doublets and avoid tables with lots of singlets or chops or jumps (whatever you call it).
It does not matter if the cards do not go your way. You still have to do it for the benefit of the doubt.

Up-two-down-one system. Barstow says this is the best system. So, he lent his name to this system.
Now it is known as Barstow’s system.

1 2 3 5 7 9 11

Starting bet is one unit. You move up either one level or two units after a win. You reduce one level after a loss.

Generally, you conclude the series after three wins in a row, www, or two wins one loss then another two wins, wwlww.

It is not necessary to end the whole series after say www.
You can pull back to a lower level somewhere in the middle of the series if you still need to catch up.

Everytime you lose, you reduce one level.
If you lose three big bets consecutively exceeding 30 units, you drop the whole series. Execute your strict limit on losses.

Barstow said he played eighteen four hour sessions. His results are as follows:

Won 14 four hour sessions averaging 350 per session
Lost 4 four hour sessions averaging 150 per session.

See some examples here and figure it out yourself how I play this system.

Losses are in brackets

The examples are taken from my log playing 5% baccarat in one of my overseas trips.

Example 1:

1, 2, 3 won 6 units

Example 2 :

(1), (1), (1), (1), (1), (1), (1), (1), 1, 2, 4, 6, 3, 5 won 13 units

Example 3:

(1), (1), 1, (2), (1), (1), (1), 1, 2, (3), 2, (4), 3, (5), (4), 3, 5, 7, 9, (5), (4), 3, 5, 7. Won 16 units

Example 4:

(1), (1), (1), 1, (2), 1, (2), 1, 2, (4), 3, 5, (6), (5), (4), 3, (5), (4), 2, (4), 3, (5), 4, (6), 5,
(7), 6, 8, (10), 9, (11), 10, (5), 4, 6, 8, 4.

Won 2 units. Despite losing the two highest stake of 10 and 11.

You will notice how I deviate from the basic rules.

To win playing this system skilful handling is a MUST.

Note:

Play within your comfort zone. Professional gambling is a trade-off between risk and reward.
You must be comfortable with the risk in order to take the reward.
This method is still smart chasing of losses. The odds are still negative.

UP AS YOU LOSE

All up as you lose systems fall under the grind category.

Barstow says 80% of the professionals only escalate on winnings whereas 20% of the professionals also escalate on losing.
To the latter, they say it is the surest way to win.

Barstow describe the following systems.

1. Doubling up or Martingale.
Barstow recommend strict limit of losses at four levels.
Careful bet selection is a MUST to come out ahead.

2. Fibonacci.

1 2 3 5 8 13 21 34 55 89 144 233

Twelve levels.

Barstow says bet selection is crucial to come out ahead.

Just follow my blog. One day I will describe to you how I modify these fibonacci numbers for optimal play. I won between 50 cents to one dollar per bet. That is, if I had played one thousand bets, my winning is US$500.

3. Two-Five system.

Barstow recommend this system. He says it is a good especially when

played with partners or use imaginary partnerships.

You create a string with five numbers.

For example 2 3 5 7 10

Start with two units you keep pushing up until you get two wins or lose the series.

Anytime you get your two wins you conclude your series.

For example your winning series can be

2, 3
(2), (3), 5, 7
(2), 3, 5
(2), 3, (5), 7
2, (3), 5
2, (3), (5), 7
(2), (3), (5), 7, 10
(2), (3), 5, (7), 10

For bet selection, Barstow recommend a method he named it “PATTERN”.

In this bet selection you will lose to double chop or two-two, but win all long series of single chop (or jump or alternating). You will also win all long streaks of BANKER as well as PLAYER.
You only lose to BANKER second liner and PLAYER second liner.

The REVERSE of PATTERN is the bet selection known as REVERSE-REPEAT.
Barstow recommends player switch to REVERSE-REPEAT when they notice they are losing more times.
In REVERSE-REPEAT, player wins the first liner and second liner of both BANKER and PLAYER.

REVERSE-REPEAT bet selection is ideal when you are playing systems like parlay where two consecutive wins are crucial.
I repeat,

REVERSE-REPEAT BET SELECTION IS IDEAL WHEN YOU ARE PLAYING SYSTEMS LIKE PARLAY WHERE TWO CONSECUTIVE WINS ARE CRUCIAL.

Take some time to explore these systems.

If you have any questions, email me at

soondr@gmail.com

My goal is to help you all to become better gamblers.

When you become better gamblers you will know what to do.

“I agree with the position that to help gambling addicts, one must help them become better gamblers. Once they understand gambling theory, the smart ones will leave gambling for good or small trips, the not-so-smart ones become living examples of their recklessness/arrogance/stupidity.
My teaching is free and always will be.

Gamblinghelp can help you in

1. Recreational Gambling

(i) beginner recreational gambling

(ii) advanced recreational gambling

2. Professional gambling

3. Quit gambling.

I am looking forward to develop this website into a meaningful gambling community network. I appreciate the assistance and co-operation of each and everyone of you.

The goal is to educate the public and promote responsible gambling. It is designed to help you to protect yourself.

Tell your friend about this blog. Tell them to email me or subscribe to my free gambling courses so that I know who they are. Email me even to say, hello is welcome.

soondr@gmail.com

Subscribe to free gambling courses at

Free Gambling Courses

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Gambling Theory Can Help You Become Better Gamblers

Posted on February 26, 2012 by aadmin40

Gambling Theory Can Help You Become Better Gamblers

If you have been following my blog as well as my post in baccaratforums,
you will roughly understand my mindset and how I approach the casino games.

To summarize for the benefit of those who have not been following:-

1. I remind the public that baccarat is unbeatable long term because the expected value is negative. See my definition for ‘unbeatable’.

2. That positive expected value in baccarat can be found in the tie game especially towards the end of the shoe. This can be used for long term play.

3. That lady luck, systems and money management action are garbage for long term play.

4. That short term is different from long term. It is defined by process not time.

5. That it is possible to turn lady luck, system and money management action into your friend by devising a short term strategy.

6. An example of a short term strategy for tourist play is my bet banker only strategy in 5% baccarat.

7. The method that I used to win 160,000 over ten months is an example of a short term strategy.

8. Smart chasing of losses is an example of short term strategy. For it to work, players must start by winning.

9. Positive expected values can easily be found in professional poker. 10% of long term poker players are winners.

10. Collectively all the concepts mentioned above can be summarized as gambling theory.

click here to subscribe to my free gambling courses:

Free Gambling Courses

11. I like the inspiring statement made by a Singaporean. So I post it here:

12. Once they become better gamblers, they can easily quit with pride and dignity.

13. The not-so-smart-ones will need help to quit gambling.
Gambling anonymous organizations, trained counsellors and psychiatrist and
my gamblinghelp project can help them to quit gambling.

click here to subscribe to my free gambling courses:

Free Gambling Courses

You have to be clear on the above because I am going to post a series of articles illustrating how our professional forefathers beat the casino based on these principles of the gambling theory.

thumbnail gambling theory

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How to Quit Gambling – Introduction

Posted on February 24, 2012 by aadmin40

How to quit gambling

A Singaporean by the username “TheWholeBank” post a very wise comment in my thread “Any one need help in gambling” in the baccarat forums. Read slowly his comment. Do not scan. The comment is:

“I agree with the position that to help gambling addicts, one must help them become better gamblers.
Once they understand gambling theory, the smart ones will leave gambling for good or small trips, the not-so-smart ones become living examples of their recklessness/arrogance/stupidity.”

I agree that to quit gambling you have to become better gamblers. Learning to become better gambler is the way to quit gambling. Play less for recreation only is the same as responsible gambling. This is described as “small trips” by “thewholebank”

My reply was
“A wise summary.
The smart ones can take care of themselves.
The not-so-smart ones need help
Cognitive behaviour therapy is the answer.

The question is how do you know whether you are the smart ones or the not-so-smart-ones.

Compulsive gamblers got scammed by the casino for years. They have difficulty seeking help because the sucker opportunists continue to scam them to perpectuate their flawed gambling habits. Finally, they give up seeking help and cause unnecessary hardships to himself, his family and the society at large. These compulsive gamblers come from all walks of life.

“They become living examples of recklessness, arrogance and stupidity”. Thanks to his post, the smart Singaporean sincerely teaches us not to be reckless, not to be arrogant, not to be stupid.

This remind me of the book by Professor Morteimer Feinberg
“Why Smart People do dumb things.” It is an excellent book. I like it.
He concluded that a matured personality is the answer to prevent yourself from being reckless, arrogant and stupid.

The definition I particularly liked for a mature personality is based on Mortimer Feinberg’s six basic principles of maturity. (In this context, maturity means growth in emotional maturity). See how I approach these six basic principles. Again read slowly. Do not scan. Pay special attention to the first two — accept yourself and accept others.

1. Accept yourself.
Accept yourself is the most important of the six principles and the hardest to achieve. Only if you can accept yourself with all your faults then only can you accept others with all their strengths and weaknesses

2. Accept others.
When you can accept others you will realize that human beings are interdependent. You will stop being frightened at the idea of depending on others. At times we need help. People need people. No matter how smart we are, our cognitive power can carry us that far. We are unable to shoulder the responsibility of life’s multitudinous tasks.

3. Keep your sense of humour.
A sense of humour is an important adjunct of maturity. But make sure it is mature humour, not immature, sarcastic humour. It is always good to laugh off the dark side of life. Laughing off is also a good way to handle massive frustration.

4. Appreciate simple pleasures.
One of the biggest setback of life is gratification. Rich people become poor because of impulsive gratification. Gratification is a vice. Matured person takes steps to eliminate gratification from their lifestyle. As such, matured persons are always humble.

5. Enjoy the present
This gives meanings to life. Do not postpone your need for gratification. Robert Kiyosaki call this delay gratification. In my opinion, delay gratification is wrong. Matured person do not need it. Eliminate delay gratification from your matured life. Substitue gratification with enjoy the present.

6. Welcome Work
Basically, this means that your good health and education as well as your achievement in money, relationship and power do not come naturally. You have to pro-actively work at it. Therefore, a matured person must welcome work at these areas of private victory (health, education) and public victory (money, relationship, power)

If you would like to read further you can preview them at my personal-development website.

Personal Development

or you can email me at soondr@gmail.com
…………………………………………………………………………………………………………………….

Problem gamblers or their close ones can contact gamblinghelp for advise and assistance.

Mild cases can be handled by private email to me at

soondr@gmail.com

It is free and will always be.”

For severe cases you will need several months of counselling sessions (cognitive behaviour therapy) by trained counsellors and/or psychiatrists.
Sometimes medications are used especially in cases with suicidal tendencies.
……………………………………………………………………………………………………………………..

You can quit gambling by joining my affiliate program

I have created a business plan so that the smart ones can have the opportunity to join me in affiliate marketing. You see, I also need help from affiliates and the public who buy my ebooks through my affiliates.

You will notice in my flowchart that I cover a comprehensive package in the subject of gambling in my gamblinghelp project.

click here to see the flowchart

gamblinghelp2_flowchart

I am writing three ebooks to be sold to the public by the end of 12 months.

One ebook on recreational gambling
One ebook on professional gambling
One ebook on quit gambling

During these 12 months I am training my supporters and followers in affiliate marketing, so that they can sell my ebooks and earn commissions, usually about 50%. (This decision will be made later). Buyers cannot buy directly from me. They have to buy from any one of my affiliates. This is to protect the interest of my affiliates. Top affiliates generally earn more than US$10,000 per month after two years of hard work. Give it a try.

To start off, sign up for my free gambling courses.

I recruit my affiliate by INVITATION or RECOMMENDATION only.

However, you can preview my affiliate signup site at

Easy Affiliate Money

To start off, you have to sign up for my free gambling courses at

Free Gambling Courses

Priority is given to them because they know the content of the ebook.

A small percentage of the profit from the sales will go to charity to help the not-so-smart-ones.

Then repeat the cycle in any project you do.

Its is a numbers game.

Click here to get started

Easy Affiliate Money

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Free Gambling Courses

Posted on February 21, 2012 by aadmin40

Free Gambling Courses

Why subscribe to free gambling courses, gamblinghelp blog and email list

Gamblinghelp can help you in

1. Recreational gambling

2. Professional gambling

3. Quit gambling.

You can start at any point but you have to learn all because they are related.

1. Recreational Gambling
I sub-categorize recreational gambling into

(i) recreational gambling for beginners or

(ii) advanced recreational gambling.

For beginners or starters or newbies, you are most probably exploring the games and you ‘do not know what you are doing’.
Therefore, the most important point is to protect yourself. I have posted ten articles on money management for beginners to help you get started.

For advanced recreational players, you will learn how your belief system affect your playing style. Your belief system generally fall within these three categories. You are either a lady luck player, system player or action player. Or, a combination of these three elements.

You will learn how to differentiate between myths and facts. How casino win your money. How players lose.

You will learn the basic properties of random numbers.

You will go through lady luck, its pro and cons and how to use them for short term play.

You will go through systems, up as you lose, up as you win and flat bets and how to use them for short term play.

You will go through money management action and how to use them for short term play.

You will learn to understand why they are flawed for long term play and what to do about it.

In other word you learn the theory of gambling.

2. Professional gambling
Why professional gambling?

The problem with gambling is that it is both a vice and a scam.

So, if you are a successful professional in gambling, it also means that you have succeeded in handling gambling as a vice and a scam.

In other words, you have succeeded in handling life (living skills), in relationships, in human emotion and most important of all in money. Your spirit of sportmanship is top-notch, meaning you can handle win-lose situation with relative ease. Yet come out ahead.

You will have the skills to analyse highly complex situations in games and life.

What do you receive?

You will also receive training material to learn how to play professionally.

Professional gamblers explore ways to beat the casino in their own games.

In the zero sum game, the casino method of taking commission is very effective over a large number of bets.

Professional gamblers know that under normal playing conditions the game is unbeatable.

Professional gamblers know this secret that the casino do not want you to know.

So, where are all these gambling professionals. The majority of them are professional poker players. Get to know them.

3. Quit Gambling

Unfortunately the majority of the players who aspire to become professionals end up in the mum’s basement.

You are advised to have a complete plan before you get started.

You are advised where to seek counselling and help.

You will see how in quit gambling, I target the core areas of the gambler’s belief system.

For example,
a compulsive gambler may believe that ultimately a successful sytem or holy grail will be found (system player)
a compulsive gambler may believe that finally lady luck has to come (lady luck player)
a compulsive gambler may belief that “if only I have much bigger capital, I would be able to win” (action player)
All these are flawed beliefs sytem and casino management will do whatever they can to perpectuate your flawed belief system.

Conclusion
Finally, you will learn that positive expected value is the key to long term success. Positive expected value is the key to beat randomness as a vice and a scam. In other words, you must have a mathematical edge to play professionally like one million hands.
The best part of my teaching….. it is free and will always be.

Subscribe to free gambling courses Click here

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How professionals win in tie bet in baccarat

Posted on February 20, 2012 by aadmin40

How professionals win in tie bet in baccarat

Professional players are always on the lookout for situations with positive expected value.

Surprisingly such situations can easily be found in baccarat especially towards the end of the shoe.

You will be banned if the casino staff know you are winning with it.

Here is the method:

You count every card preferably as standee. When the remaining cards are

Scenario 1
10, J, Q, K
you bet tie. A 100% sure bet.
Scenario 2
When the remaining cards are 8, 9 10, J, Q, K,
only point 6,7 , 8, 9 and zero can form.
You have eliminated 1, 2, 3, 4, 5.
Bet tie.
Scenario 3
When the remaining cards are 1,2,3, 10, J, Q, K
only point 0, 1,2,3,4,5,6 can form.
You have excluded 7,8,9.
Bet tie.
Scenario 4
When the remaining cards are 1,2 , 10, J, Q, K
only point 0, 1,2,3,4 can form.
You have excluded 5,6, 7,8,9.
Bet tie.
Scenario 5
When the remaining cards are 1, 10, J, Q, K
only point 0, 1,2, can form.
You have excluded 3,4,5,6, 7,8,9.
Bet tie.
Scenario 6
When the remaining cards are 5, 10, J, Q, K
only point 0, 5, can form.
You have excluded 1, 2, 3, 4, 6, 7,8,9.
Bet tie.
Scenario 7
When the remaining cards are 1, 5, 10, J, Q, K
only point 0,1,2, 5, 6 can form.
You have excluded 3, 4, 7, 8, 9.
Bet tie.
Scenario 8
When the remaining cards are 1, 9, 10, J, Q, K
only point 0,1, 2, 9, can form.
You have excluded 3, 4, 5, 6, 7, 8.
Bet tie.
There are many other scenarios where you have the odds. You just have to count cards. (Just like professional poker win on pot odds.)

Over here, you have the odds. Your expected value is positive.

This is the exact method professional poker players use to win.

I am sure some of my professional poker friends here will be happy to hear that positive expected value can actually be found in baccarat.

There are at least ten other methods used by professionals successfully in baccarat and other even-odds games. They are all covered in detail in my free gambling courses. Click here to join free gambling courses

Gamblinghelp can help you in

1. Recreational gambling

(i) Beginner recreational gambling

(ii) Advanced recreational gambling

2. Professional gambling

3. Quit gambling

We promote responsible gambling. Click the link below to subscribe to gamblinghelp free gambling courses.

Free Gambling Courses

It is free and will always be.

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Smart Chasing of Losses

Posted on February 18, 2012 by aadmin40

Smart Chasing of Losses

How I won $160,000 over 10 months playing baccarat.

I won 160k playing this method over 10 months since retirement from medical practice 10 months ago.

I played in rws and rwgenting.
In rws, I started with $25, bankroll $60k.
In rwgenting, I start with rm50, bankroll 100k.
Win or lose I increase $5 or rm5, ie

25, 30, 35, 40, 45, 50, 55, 60, 65, 70, 75, 80, 85, 90 95, 100, 105, 110, 115……….
Or 50, 55, 60, 65, 70, 75, 80, 85, 90 95, 100, 105, 110, 115…………..

After a series of wins like www or wwlww, I usually pull back to a lower but reasonable level.
I keep one running figure of win-loss in my head (very much like counting cards in blackjack).
When wins overtake losses by a reasonable amount, I closed the session
Bet selection not really important. However, I placed bets based on bias. In others words, I bet what I think has higher chances of hitting.

Over 10 months, I won rm160,000.

Total won about 200,000
Total loss about 40,000.
Only 4 sessions of losses averaging 10,000 per session.
Net won 160,000.

I do not take small losses. I “chase”.
I take moderate losses to avoid big losses.

Analysis:
This method is superior to flat bet. I describe this method as smart chasing of losses.

Smart chasing of losses can enable you to postpone your nemesis. So, the casino is not afraid of this method because they know the odds will finally catch up with you. Your nemesis will come.
My four losses are described as follows:
• One biggest loss of 18 times in a row.
• One series of loss with 9 losses 1 win, 9 losses 1 win, 6 losses 3 wins
• One time of 60 losses 23 wins — cumulatively represented by something like 5 losses 3 wins, 3 losses 1 win, 2 losses 2 wins, 6 losses 1 wins…………..and so on.
• Collections of many series of moderate losses…..7/1, 7/1, 6/1, 5/2, 4/1, 3/1, 3/1, 4/1……..
(7/1 means 7 losses and one win)

Smart chasing of losses can postpone your nemesis because it is possible to lose 18 to 1 but not 180 to 10. Are you clear about it! This is not a holy grail because rare events will catch up with you.
Despite all these I net 160k. In the process, I earned 700 points in rws and 2000 points in rwgenting.

There are many other methods beside the one I mentioned above. Email me if you are keen to know what they are or you can just follow my blog, gamblinghelp.biz. (I’ll tweet later when I can find the time).

I stopped playing baccarat after the casino changed their rules in baccarat, only rm25 and rm50 spread, no more rm5 spread.
Then I switched over to even-odd roulette, Tai Sai, and Mini dice. Because the game is very slow I can only make 50 dollars a day, not enough for my transport, food and lodging.
So, I stopped playing and started this blog to help gamblers, gamblinghelp.biz/wp-blog/.

In this blog, I will help you to achieve what you want in gambling whether it is
• recreational gambling,
• professional gambling or
• quit gambling.

Recommendations.
• Methods of smart chasing losses cannot be used for professional play. I have described in detail one of them. There are nine others that I know of. Casinos are not afraid of you. The reason is you are playing variance. I repeat VARIANCE. Finally, the odds will catch up with you. However, if you are winning there is no harm continue playing. When you lose back, which you will, you have to stop. The odds will always catch up with you. Statistics never lie. That is why casino always love system players, action players and lady luck players. In the zero sum game, casino’s method of taking commissions, rakes or odds are always more effective than your lady luck, system and money management action players. Those who play small are known as fish and those who play big (high rollers) are known as whales.
• In baccarat, I know of two methods that can be used for professional play. You will be banned if the casino staff knows about it. Subscribe to my blog if you want to know all these. My teaching on various topics of my interest and expertise are always free and will always remain free.

(However, consultancy, professional services and selling of products and third party offers are always at market rate. If you need any assistance you may email me.)
I can help you on
• Recreational gambling
• Professional gambling
• Quit gambling
My teachings are always free! On all topics of my expertise and interest besides gambling. Terms and conditions are mentioned earlier.

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order levitra midwayfire.com These may involve lighting scented candles, decorating the bed with your partner. Male & female lose their aptitude to act sexually after particular age Sometimes, free sample viagra vaginal parchedness & erectile intricacies come out hefty as you plunge past 50. But before that, you need to push cialis 10 mg midwayfire.com out certain age old thoughts about male enhancement. The important thing you should remember here is that Kamagra is not an aphrodisiac or best online cialis a hormone, you need to be sexually stimulated enough to take this medication.The problem of impotence is very commonly observed nowadays.

Gambling Help Money Management Part 9

Posted on February 7, 2012 by aadmin40

The Things You Have To Watch Out For Whenever You Gamble Online

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For thousands of years, people have been trying out their luck in the game of chance. In fact, in ancient Rome, you will see that ancient Romans have been betting on sports and spectacles, such as gladiator fights in the famous Roman Coliseum. Some famous kings and queens of Europe during the middle ages were also known to be gamblers. In fact, some were even addicted to gambling that they even nearly bankrupted their own country because of it.

Today, you will see that gambling still exists and online gambling is one of the most popular ways to try one’s luck. You will see casinos in different parts of the world, and you will also see sports being betted upon by a lot of people.

Today, online gambling is one of the most popular ways to gamble. Here, you will be able to find all sorts of gambling. You will see sports betting websites, and you will also see online gambling casinos. To start gambling online, all you need is a computer with an active internet connection, a credit card, and you are ready to sign up and place your bets. The main advantage in online gambling is that you can do it anywhere as long as you have a computer or laptop with an active internet connection. You can do it at home, in your office, and you can even do it in Wi-Fi hotspots with your laptop.

This means that you don’t need to make long distance calls to bookies or travel all the way to the casinos just to gamble. As you can see, you don’t really need to go to Las
Vegas or Atlantic City to gamble. All you need to do is have a laptop with an active internet connection.

However, there are some things that you should watch out for whenever you gamble online. First of all, you have to remember that not all gambling websites are legal or legitimate. Some may even be bogus which are only after your personal and credit card information. Always remember that when joining a gambling website, you have to make sure that it is legitimate and offers secure transactions.

Also, before you even think about signing up in gambling websites, you have to make sure that your computer is also secured from viruses and spyware software. Try installing antispyware and antivirus software in your computer. By doing so, you will be able to make sure that no one will be able to get a hold of your personal and credit card information.

And, most importantly, always remember that gambling, whether offline or online, is addictive. Money management should be your top priority. A lot of people went deep in debt because of gambling. If you want to avoid this, just remember to do this as an entertainment. Never set goals on the amount of money you have to win. You may arrive in an unreasonable goal. However, set limits on the amount you can lose. And, if you lose, and you reached your limit, stop immediately and don’t try to win back what you lost as this will potentially suck you down deeper in debt. If you win, you should also stop and treat this as a bonus.

Remember these things and you can be sure that you will have a lot more fun in online gambling and you can also be sure that you will never have to worry about getting addicted to it.

Remember, if you need gambling help or run into unexpected problems, always seek gambling help. We are friendly, approachable and more than willing to help you in your endeavour.

Subscribe to Beginners Free Gambling Courses

Gamblinghelp provide free gambling courses to help gamblers in recreational gambling, professional gambling, quit gambling.

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Gambling Help Money Management Part 4

Posted on February 7, 2012 by aadmin40

Strategies in Online Gambling That You Should Learn

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Today, you will see that the latest trend in gambling is not going to Vegas or in Atlantic City, but right at the comfort of your home with your computer with an active internet connection and a credit card through online gambling websites and software.

Online gambling websites and software are so popular that you will see a lot of people joining it and you will also see that people from all over the world participate in this one of a kind gambling experience. First of all, make sure that you know how to avoid or suspect online fraud. There is no meaning in gambling if you are hit by fraud or scam.

Online gambling is a lot of fun and it can also earn you some extra cash as well. However, before you start to learn about the different strategies that you need to use in online gambling, you first need to know the rules.

If you already know about all the rules and regulations of the game, you will see that online gambling is a great way to learn how to play the different gambling games offered, such as blackjack, poker, and other popular casino games.

Always remember that you can never beat the house. The longer you stay on the table, the greater the chance that you will lose all your hard earned cash as well as the money you capitalized on to gamble with the house. You have to consider the fact that the house always wins as many gamblers fail to understand that the rules and regulations in online gambling are made by the owners.

A lot of online gamblers set unrealistic goals when gambling. Rather than set a goal on how much money you want to win in a single session of gambling, try setting how much money you can afford to lose. This way, you will be able to control your bets and also get a bigger chance of winning and earning a bit of cash whether it is little or a lot.

Practice makes perfect. Before you start betting real money, you have to understand how online gambling works. Try playing free online gambling where no real money is involved. Here, you will just be given fake credits in the beginning of the game. Although the thrill of excitement will not all be there because there is no real money involved, you will see that you will be able to understand the mechanics of online gambling.

Online gambling is a great way to spend your extra time. Also, it is a great way for you to feel the rush of gambling . However, you have to remember that you should control your bets and also know how to discipline yourself. Always set your limits on your bets and never follow that gut instinct of yours that is telling you to bet more than you can afford to lose.

Remember these tips that money management ands discipline is very important. You can then be sure that you will be able to have fun in online gambling and you will also be able to earn a bit of cash as well as minimize your losses. Always keep in mind that it is better to win a little than losing a lot.

Remember, if you need gambling help or run into unexpected problems, always seek gambling help. We are friendly, approachable and more than willing to help you in your endeavour.

Subscribe to Beginners Free Gambling Courses

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