In this case, I still had a profit of $12,000 in my pocket, but yes, I chased the $4,000 of profit that I subsequently lost at craps and I won it back plus a small profit.
My point is that sometimes chasing losses can pay off. Again: hot tables don't stay hot forever and cold tables don't stay cold forever. You need the bankroll to be at the game to catch the money-making trends.
Yeah, I'm pretty sure everyone understands the concept that it can pay off (you end your session with a win) by chasing losses.
Chasing your losses will work for some sessions, but certainly not all. Just like hitting a hard 19 will sometimes work and you'll draw a 2......but overall, both are poor strategies and you'll end up losing more money if you use those strategies.
You should know chasing your losses is a bad strategy, but you support Rob's strategy in that aspect. Why?
Alan, in my jurisdiction by law the max bet is $2 and the max jackpot is $800. You play much higher than I do. The difference is I grind out a profit and you don't. But if you want evidence of someone playing high then google Maureen O'Connor, ex mayer of San Diego, who took a BILLION DOLLARS in W2-G's but lost millions on the machines.
The big reason that big bankroll machine AP's don't play high, like $25 and $100 denom machines, is because advantage plays just don't exist at that level.
Last edited by mickeycrimm; 01-29-2017 at 04:41 AM.
Actually I use a rising stop-loss system, not a definite win goal system like Rob.
When I was up $8,000 I was willing to risk half of that to win more. I lost $2,000 at video poker and then returned to craps where I regained the $2,000 I lost at video poker. Then I returned to video poker where I started to hit.
I hit quad aces at $5 Bonus twice, and hit quad 4s for $5,000 at $25 Bonus, plus two other quads for $3125 each at $25 Bonus. If I didn't have to return to LA I would have risked $4,000 of the $16,000+ again.
Once again mickey shows how out of touch with VP he is, and why he uses his tiny play in Montana as a cover for going to some slug bar and losing his welfare & food stamp conversion money every month.
"Advantages don't exist for the $25 & $100 player".
Tell that to your idol Dancer
There is no mathematical advantage for playing at $25 and $100 (I've never played at $100) but when you do hit a big winner at those levels it does make up for a lot of losses. What really put me over the top the other night were three things:
1. Being at the craps table when five shooters in a row hit either the SMALL or TALL (those five bets paid $4,375
2. Hitting the small quads at $25 Bonus VP which paid $5,000.
3. Hitting quad aces twice at $5 Bonus, paying $4,000 total.
I don't recall Dancer actually discussing any high stakes advantage plays at these denominations recently. Unless you get Dancer's perks, which may include cash rebates on losses (we do not know, and he ain't telling), any non-Dancer player has no advantage at all regarding the plays he's executed recently.
If he plays a $5 machine at a promotion that awards drawing entries based on how many points he's accumulated, then it behooves him--and if course he knows this inside out--to play the higher limit machines in order to have a better chance of winning the top prizes. His "+EV advantage" just got bigger. Of course, he might lose a bundle like he usually does in these things, but his ilk ONLY looks at theoretical percentages--aka, phantom bucks--in order to justify his participation in such nonsense.
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