Thursday, April 30, 2009

"Just who are you preaching to? Even if your ideas about beating the house edge made sense (and they don't), no one could afford to use them!"

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This is a criticism I hear from time to time, and my only answer to it is that making money is never cheap, except in everyone's dreams.

Setting up a business on fabled Main Street, for example, requires a huge outlay on premises, remodeling and inventory, just for starters, and often profits are not seen for years.

Building a casino costs billions these days, and since some players manage to win now and then (sometimes in the millions) the house has to keep huge sums handy to cover downturns and stay ahead.

There is no mathematically supportable way to beat the odds at games of chance without occasional risk, and betting a wide spread is inevitably expensive before it can be profitable.

Your own data show occasional enormous losses that wipe out hundreds of hours worth of winnings. That kind of disaster could happen any time, possibly in successive sessions. That means that your strategy could be suicidal. Admit it: you are working for the gambling industry.

Casino table games are all about probability. It is possible for target betting to lose because its win rate is less than 100%. But it is not probable.

In simple terms, you are looking at favorable odds of far more than 5,000 to 1 if you bet progressively using the target betting rules, and the odds against two successive losses are therefore at least 25 million to 1.

It has always seemed strange to me that the so-called systems debunkers whom I often refer to as mythematicians insist that if a betting strategy can lose just once, it must be worthless.

The house has the best system of them all, a passive strategy that encourages players to bet and behave in a certain way, but does not force them to put money on the table or tell them how much to wager. But even the house loses occasionally.

What happens with target betting is that even in the face of occasional "high exposure," profits come in rapidly and consistently, just as they do for the house.

Sometimes, winning is harder than usual, just as it is for the house.

And once in a very great while, the team has to take a hit, just like the house.

All of the figures posted here and elsewhere in support of target betting are honest and accurate, and all of them demonstrate that very infrequent setbacks are quickly recovered.

Your chances of being killed in a car crash in the U.S.A. are estimated at around 20,000 to 1 against. Does that guarantee that you will be road kill before the end of your 20,000th trip? Of course not!

What you get from auto safety data is much the same as the message derived from target betting trials, and that is that your risk of crashing and burning is too insignificant to preclude either driving a car or betting in a casino!

That assumes, of course, that you drive safely and sensibly on the road, and that you defy the odds in a casino by using target betting to win consistently.

Sounds like you never heard that insanity is doing the same thing over and over again and expecting a different result. Your "proof" is not proof at all because your data are subjective and suspect at worst, and anecdotal and irrelevant at best. You can't use prior outcomes to develop a betting strategy that will work against future outcomes.

I am comforted that insanity is never defined as doing the same thing again and again and expecting the same result, which is what I do with each new target betting trial.

It is also why I recommend to those who are rightly at first skeptical about my ideas that they don't take my word for anything, but instead apply my method to "future outcomes."

They will quickly learn that they have nothing to fear, and much to gain.

It makes no sense to dismiss past outcomes as non-representative.

Even casinos do not do that!

A new game or a rule change to an old game might initially be tested against what I always refer to as runaway sims because they totally eliminate human control and restraint.

But that is never more than a first step.

A casino will insist that a new game must be tested against real players in actual "gaming" conditions before it has a chance of being introduced to the floor.

The gambling industry knows very well that people do not play like computerized robots, and that sims therefore cannot accurately reflect reality.

Face it, no one with the kind of money you say is needed to make target betting work would put it at risk the way you want them to. Gamblers may not be the smartest people on the planet, but they are not the stupidest either. They know that if you want to win, you have to protect your bankroll. You say the opposite.

"Conservative" betting is almost as dangerous to a player (please, let's not call him a gambler) as greed, which is Punter's Enemy #1 in a casino.

The house always wants people to bet conservatively because the math says that they are more likely to lose that way.

The ideal player, from a casino's point of view, is someone who bets a narrow spread (never more than 1 to 10), pulls back when he is losing, and responds timidly to a potential winning streak.

Table limits (spread limits) exist entirely to encourage players to be cautious in their betting habits, so that when they start losing, it is far more difficult for them to bet their way out of the hole.

It is a very simple matter for arithmetic to demonstrate the folly of narrow spreads, and you can be sure that the gambling industry knows that.

Nothing that I have published here or elsewhere in the dozen years since I first posted the principles of target betting for free on the Internet is new to the casino business.

Casino operators know very well that progressive betting is the only way to consistently and reliably overcome the house advantage, and they go to extraordinary lengths to discourage it.

I tell the "experts" that they should try progressive betting for themselves before helping the gambling industry disseminate more deliberate disinformation about how it can't possibly work.

It does work, and casinos hate it.

As for high rollers, most of them have survived expensive lessons on the hazards of trying to "buy the pot."

Big bets alone can never guarantee success at games of chance, and "whales" earned that nickname from the gambling business not because of the size of their bankrolls, but because they keep on taking a dive, then resurfacing for another go-around.

Las Vegas casinos love to put out press releases about the huge sums won by a high roller in from Hong Kong or the land down under. But you will never see publicity about a "whale" who dumped $10,000,000 at baccarat (or whatever) before limping home.

That's because winners bring in losers; losers are bad news, except for the bottom line.

Money alone will not beat the house advantage.

Money and a plan - a plan I call target betting - will always get the job done.

Losses will occur. But winnings will always exceed losses.

As I keep saying, the only way to stay ahead in a casino is to win more when you win than you lose when you lose.

There is nothing revolutionary (or insane!) about that idea: It is wholly logical, sensible and scientific.

If you keep on winning back your losses in fewer bets than it took you to fall behind in the first place, the house edge becomes meaningless.

So...here are the latest BST blackjack results. More of the same old same old!


An important reminder: The only person likely to make money out of this blog is you, Dear Reader. There's nothing to buy, ever, and your soul is safe (from me, at least). Test my ideas and use them or don't. It's up to you.
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