Re: Over The Short Term: BS vrs. Counting

What would be the chance of someone playing a martingale betting system of
walking out ahead in a single short (say 2 hour) session.  I would imagine
it would be quite high.

"salmoneous" <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> > >Using standard deviation calculations, a perfect basic strategy player
who
> > keeps his bets reaonably flat and plays for 8 hours will have about a
45%
> > chance of finishing ahead.  For a card counter in a shoe game spreading
from
> > 1-to-10, it's around 55%.
>
> This assumes that neither player has bankroll issues. Two guys go into
> a casino with $500. One flat bets $10. One spreads $10-$100 with the
> count. The guy flat betting $10 is more likely to go home a winner.
>
> >     But don't forget -- one 8 hour session piggybacks onto the next, and
the
> > next.  Eventually, your chances become 10% for the B/S player and 90%
for the
> > card counter.
>
> Of course, the eventually needed to get to 10%/90% is tens of
> thousands of hands.
>
> PS - Side note - for the basic strategy player using a "simple money
> management" strategy, keep in mind that increasing bets after a loss
> increases the chance of going home a winner, and increasing bets after
> a win decreases the probability of going home a winner.