Author Topic: Let's talk about losing  (Read 6648 times)

kav

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Let's talk about losing
« on: December 28, 2015, 11:22:56 AM »
Losing sessions are inevitable.
This has nothing to do with roulette being beatable or not. This is a fact of gambling.
Even millionaire pro blackjack or poker players have devastating losing sessions.
How do you cope with loss?
What are your reactions, your thoughts? What is the next day?


 

Dane

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Re: Let's talk about losing
« Reply #1 on: December 28, 2015, 12:28:40 PM »
Losing sessions are inevitable.
This has nothing to do with roulette being beatable or not. This is a fact of gambling.
Even millionaire pro blackjack or poker players have devastating losing sessions.
How do you cope with loss?
What are your reactions, your thoughts? What is the next day?


Yes, let´s talk about that. Whether you are a part of the Casinos or not, this is a most important question. The idea of Casinos protecting you might be a bit like wolves protecting sheep.

A sound advice might be not to bring your credit cards but only Cash.
Never borrow Money. It is a known fact that addicts and compulsive gamblers tend to borrow Money.
In despair they might lose almost everything, lie about it, get depressed, try to get back to a normal state by drinking alcohol, or taking other dubious substances before comitting suicide.

TIME is still important. I myself find that coming back the following day is not a good idea.
YOU OUGHT TO GET THOSE SPINS OUT OF YOUR SPINNING HEAD!

 

Reyth

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Re: Let's talk about losing
« Reply #2 on: December 28, 2015, 01:58:22 PM »


 

petespin

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Re: Let's talk about losing
« Reply #3 on: December 28, 2015, 02:19:34 PM »
it depends WHY u re loosing, if i figure out that this is happened by my mistakes , i ll try to  come up better the next time. the second reason i cant anything about it ,and its call chetaing ....
 

kav

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Re: Let's talk about losing
« Reply #4 on: December 28, 2015, 02:30:43 PM »
Quote
YOU OUGHT TO GET THOSE SPINS OUT OF YOUR SPINNING HEAD!

Quote
It depends WHY u re loosing, if i figure out that this is happened by my mistakes , i ll try to  come up better the next time. the second reason i cant anything about it ,and its call cheating

Both statement are very true

Reyth,
LOL
 

BlueAngel

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Re: Let's talk about losing
« Reply #5 on: December 28, 2015, 04:03:17 PM »

Winning is easy, avoiding a loss is not.

This happens not only from a session to the next, but also from 1 spin to the following.

Besides what is a gambling session if not the accumulated results from all those successive spins.
One the few things I agree with "Real" is that if you posses a winning method then when you play more you win more.

I have never understood the "thief mentality" of hit and run, why would someone adapt it it's beyond my understanding.
But wait a minute, now that I'm thinking about it could be easily explained as: "let's go before our luck change..."

If you depend on luck don't waste your time for methods and strategies because the main goal for all those gambling methods,systems,strategies are to reduce luck factor as much as possible.

The more the luck factor could be reduced, the more successful a method could be.
To reduce luck effect to 0% is next to impossible, but if you could reduce it to 5% or even 10%, that would be sufficient enough to be on the positive.

 

december

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Re: Let's talk about losing
« Reply #6 on: December 28, 2015, 06:08:04 PM »
If I figure out that this happened by my mistakes, I'll try to  come up better next time.

Mea Culpa, I subscribe...
 

scepticus

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Re: Let's talk about losing
« Reply #7 on: December 29, 2015, 05:00:34 AM »

Winning is easy, avoiding a loss is not.

This happens not only from a session to the next, but also from 1 spin to the following.

Besides what is a gambling session if not the accumulated results from all those successive spins.
One the few things I agree with "Real" is that if you posses a winning method then when you play more you win more.

I have never understood the "thief mentality" of hit and run, why would someone adapt it it's beyond my understanding.
But wait a minute, now that I'm thinking about it could be easily explained as: "let's go before our luck change..."

If you depend on luck don't waste your time for methods and strategies because the main goal for all those gambling methods,systems,strategies are to reduce luck factor as much as possible.

The more the luck factor could be reduced, the more successful a method could be.
To reduce luck effect to 0% is next to impossible, but if you could reduce it to 5% or even 10%, that would be sufficient enough to be on the positive.
I have previously explained why I play hit and Run ,Blue Angel.
I found that after any profit i win NEARLY as much as playing for 100/111  spins .
When playing for 100/111 spins I found that I won a bit more than I lost. We have to stop sometime and that "sometime " sometimes meant that i stopped when losing. Nowadays i only play for short sessions - sometimes only for one spin.Small profits add up .
If you analyse your own P/L you might  find the same. So far as I am concerned the only stats that matter are the profit and loss stats.The rest is - well - SPECULATION !
 

Real

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Re: Let's talk about losing
« Reply #8 on: December 29, 2015, 05:27:20 AM »
Try as you might, you can't even win one unit per day.  Over time the losses will consume your wins, leaving you a net loser.

If you don't believe me, then ask yourself some of the following questions.

When you quit, when can you return to gamble?
How long must you stay away from the table and why?
What constitutes a session and why?
If you hit and run, what magic take places while you're gone that enables you to win again?
Why can't you just stay and play?
How do you know when a streak will continue or when it will end?

Hit and run/ money management type of scenarios are what sell gambling books written by mediocre gambling authors.   However...time and time again, history has proven that the "hit and run" strategy is not a long term winning strategy.  The reason is...the house edge.  Each time you return to gamble, the house edge consume a little bit more from your bankroll, until eventually, it's all gone.

My advice is to stop focusing so much attention on the money management/hit and run nonsense and focus most of your attention on how to actually get the edge over the casino.
« Last Edit: December 29, 2015, 05:42:15 AM by Real »
 

spins

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Re: Let's talk about losing
« Reply #9 on: December 29, 2015, 05:51:04 AM »
in short unless u can find a method, where u bet every spin at any time and end with a profit roulette is a waste, totally agree, house edge gone 24/13 !   
 

Real

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Re: Let's talk about losing
« Reply #10 on: December 29, 2015, 05:55:13 AM »
No, not necessarily.  Some winning strategies are actually dependent are playing conditions and can't be applied to just any wheel.

Research the history of the game and you will understand.
 

BlueAngel

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Re: Let's talk about losing
« Reply #11 on: December 29, 2015, 07:32:19 AM »
Try as you might, you can't even win one unit per day.  Over time the losses will consume your wins, leaving you a net loser.

If you don't believe me, then ask yourself some of the following questions.

When you quit, when can you return to gamble?
How long must you stay away from the table and why?
What constitutes a session and why?
If you hit and run, what magic take places while you're gone that enables you to win again?
Why can't you just stay and play?
How do you know when a streak will continue or when it will end?

Hit and run/ money management type of scenarios are what sell gambling books written by mediocre gambling authors.   However...time and time again, history has proven that the "hit and run" strategy is not a long term winning strategy.  The reason is...the house edge.  Each time you return to gamble, the house edge consume a little bit more from your bankroll, until eventually, it's all gone.

My advice is to stop focusing so much attention on the money management/hit and run nonsense and focus most of your attention on how to actually get the edge over the casino.

THIS IS VERY TRUE!
 

Reyth

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Re: Let's talk about losing
« Reply #12 on: December 29, 2015, 08:46:36 AM »
Very true?  It might be very true for someone that has personally given up on system play due to a lack of deeper understanding of the conditions surrounding a play session.

Very true?  Seriously?  The house edge consumes all profit??  What are we robots without ability to construct a risk-win ratio to exceed the house edge?

No this is more of the same from Real and is practically thread hijacking, practically anyway.

Ok ok, the small part about focusing on getting the edge over the casino, that is very true.  I suspect that is what you meant anyway. : D
 

dobbelsteen

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Re: Let's talk about losing
« Reply #13 on: December 29, 2015, 10:00:05 AM »
The short and long run theory tells us that the HE is only valid for long run samples.
A short run sample is never a true random row. Every system has the feature to end a short run session with a profit.It depends on the largeness of the playing session. First you must know the definition of a short run sample.
 

Reyth

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Re: Let's talk about losing
« Reply #14 on: December 29, 2015, 10:36:46 AM »
The short and long run theory tells us that the HE is only valid for long run samples.
A short run sample is never a true random row. Every system has the feature to end a short run session with a profit.It depends on the largeness of the playing session. First you must know the definition of a short run sample.

Right so for like the bullseye the short run sample is 250 units of profit.  I simply set the comp to end the simulation at 1 win and output the results.