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BJ-lost 100 bets over 875 hands. how possible is that?

Discussion in 'Online Casinos' started by chesterp, Jan 30, 2006.

    Jan 30, 2006
  1. chesterp

    chesterp Dormant account

    Location:
    btown
    recently posted about one of my best wins ever, but now it's my first post of worst loss ever.
    one thing i can't do is calculate when something goes very wrong.
    just curious, the odds of losing 100 bets over 875 hands? flat betting 2 hands simultaneously. thanks to whomever can tell me.
    interestingly enough, it was a very good session until the point of the bad streak. i'd been up 65 bets over bets over about 1,250 hands.
     
  2. Jan 30, 2006
  3. caruso

    caruso Banned User - repetitive violations of 1.6 - troll

    Occupation:
    Casino apologist
    Location:
    England
    If this was your "worst loss ever" my hat is off to you.

    SD on two hands is 1.9, so SDs for this session are 1.7. Anything under 2 isn't at all alarming.

    Variance on two hands is much greater than one.
     
    1 person likes this.
  4. Jan 30, 2006
  5. chesterp

    chesterp Dormant account

    Location:
    btown
    okay, thanks Caruso (as in the tenor?) :notworthy
    it actually may not be my worst session with the numbers, but worst financial loss, as i was betting bigger than usual.
     
  6. Jan 30, 2006
  7. Reef

    Reef Dormant account

    Occupation:
    Student
    Location:
    USA
    Credit to Jay at BW

    "if you lose $500 in 1000 hands betting $10/hand, then that's 50 bets lost. Subtract off (number-of-hands)/200, or 5 in this example, giving 45 bets lost. Take the square-root of the number of hands (31.6 in this example) and multiply it by 1.14. Here that's 36. This is the standard deviation. Divide the number of bets lost by the standard deviation. 45/36 = 1.25.

    If that number isn't at least 3, we don't want to hear about it."
     
  8. Feb 1, 2006
  9. antibes

    antibes Dormant account

    Occupation:
    Unemployed
    Location:
    Ireland
    I have just done 3 monthly bonuses.

    I was flat betting 1 on Littlewoods (1,000 wagered for a 50 bonus), and followed the WoOs chart. I ended up 15 down, so made 35.

    Corals, 800 for 50, ended up 25 down - made 25.

    Eurobet, same as Corals - lost 50 - broke even.

    Is this normal for following the chart religiously? Or did I do reasonably well?

    I did end up 60 out of 150.

    At Eurobet I was doing ok until the last 30 minutes and lost almost very hand.

    Tks
     
  10. Feb 1, 2006
  11. Reef

    Reef Dormant account

    Occupation:
    Student
    Location:
    USA
    why would anyone ever torture themselves with 1 credit bets?
     
  12. Feb 1, 2006
  13. Macgyver

    Macgyver Dormant account PABnononaccred

    Occupation:
    Student
    Location:
    North Carolina
    It's the best way to limit your variance if you're trying to grind through a bonus.

    The trick comes in finding the balance between variance and the time it takes to finish the wagering requirements with those "1 credit bets." :thumbsup:
     
  14. Feb 2, 2006
  15. dickens1298

    dickens1298 Dormant account

    Location:
    LA, California
    I would think there are better ways to make $100. I enjoy bonuses as much as the next guy, but grinding through like that sounds too much like..working.
     

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