Quote Originally Posted by countingthedeck:
I do enjoy some intellectual banter at times,a time when thoughts are exchanged and criticisms are heard, evaluated discussed solved or dismissed.The origination of the word forum is 'foris" from the Latin language. Back in ancient Rome, citizens gathered in an open air town square to discuss politics, current events, concerns and the occasional vote. It was democracy at its earliest, not quite what we have now, but something of which future democracies and nations that chose this way of living modeled themselves after. Everyone having a chance to voice their opinion, in open air, in the town square, or "forum," for all to see without punishment or retaliation. Or so the theory goes.Maybe ridicule, but hey whats the harm? You are free to say what you want and the same for myself and the next person.
In my Wednesday post I did mention that I would take Thursday and Friday off, then return for Saturday. Regardless the outcome of any games, whether going 3-8 or 8-3 or 12-0 or 0-12. It was clearly stated. I do not need to bet everyday like I used to years ago, for me it is a way to keep my mind sharp.The monetary goals from this endeavor is not what is was 15 or even 10 years ago. If Billy Walters went 3-8 early in his career and decided to quit, would he have the success that he now enjoys? Is it a wonder that the cream of the crop rises not because they are the best, but because they do not accept failure? From a personal standpoint I think success is what you do everyday, not on special occasion, but what you do on a consistent basis. And that is coming to "work" ,working at it and keep on plugging away. I am no Billy Walters, he who owns 7 golf courses, or 5 airplanes, but it (gambling) has afforded me many things i couldn't attain or experienced without it.
This is my point. If a 3-8 performance was enough to derail me, I would quit and never bet again. That or seriously evaluate that you are over betting your bankroll. If you are on a high that you went 13-2 like the first day, then you are over betting your bankroll. If you thought you were going to be rich after going 22-13, then you are over betting you bankroll. Are you seriously telling me that I would leave after going 3-8 after going 5-6 the night before? Back in the day when the bets where a lot larger, I had a streak of 1-21. I am dead serious I was about to get a gun and blow my brains out. Such is the life of a gambler. Fast forward 15 years later, and someone is telling me after going 3- 8 I would disappear. It is funny how small thinking some people are.
First off, the shotgun versus the sniper approach. If you are selective about games and play one or two a day, you can bet 3 to 4 percent of your bankroll on a game should you hit 57 or so percent. The shotgun approach which we are using requires that you divide your bankroll in 175-200 units. Seeing that on a Saturday you might play 25 or 30 games , you still would be putting 15 to 20 percent of your bankroll in action on that given day. It is just two different ways to skin a cat. Since we started with the whole card, we will keep going with the whole card, this shotgun approach enables you to go 13-2, 22- 13, 5-6, 3-8 or so on and so on. Rather than the sniper approach, which would be 1-0 or 0-1. I hope that makes sense. So yes while going 8-14 is not the greatest, it also offers you the ability of going 13-2, 22-13, 7-3 for a total of 42-18. If going 8-14 for a couple of days using the shotgun approach allows you the opportunity to go 42-18 on a few other days, is there a reason to back away, unless you are over betting the games and cannot sustain a measly 6 unit loss? If losing 6 units plus juice derails you from the opportunity from winning 24 units, then I say to you, you are not a advantage gambler, or you are over betting your bankroll or power pressing. In any case not a positive expectation in the long run. Just flat bet, i do sometimes make an exception and bet 1.5 units and 2. In general, selecting from the pool will in the long term yield similar results. You cannot turn a 60 percent handicapper into a 80 percent handicapper or 40 percent one, if it is from the same selection base just by luck or cherry picking.
Its refreshing being an old timer to see the way you think...you know what works and what doesn't...I very much respect your insight...give 'er gas