Quote:
Originally Posted by
Bob21
Being highly capitalized by itself won’t get you anywhere. If you’re playing a negative EV game, being highly capitalized just means you’ll survive longer before you go bankrupt. This is true if your flat betting or varying your bet.
Even if I had no advantage to my Baccarat play, which I do, even if I were playing a straight coin toss with no house edge, still being undercapitalized would make a difference, simply due to variance.
You might be trying to say that it is impossible to win at a casino. That's ridiculous. People win all the time. Why? For one - Variance. Yes for the vast majority they are mostly going to lose. But tell the guy like me who has cleared a half million at Baccarat before, and low hundred thousands many times, that his bankroll made no difference. For most it may never make a difference, but for the guy who was there at the right times, with enough of a bankroll, it makes enough of a difference to make him a lifetime winner.
This may be somewhat what that guy was getting at. To use the stock trading analogy, you need to let your winners run and cut your losers off short. I don't actually let my trades lose, but when they go against me I do what I did couple days ago, which was average in and then get the hell out at a small profit. But it's the same concept.