When The Player Has The Edge Progression Quiz

[Roulettebeater]

There are 2 aspects involve that is bet and bankroll sizing.

Firstly, we must understand what 6% edge means.

If the win rate of the system is 53%, it means theoretically the system wins 53 times and loses 47 times in a 100 games sample.

The edge is calculated as the (win rate - the loss rate) = 53% - 47% = 6% edge

Therefore, if the system has a 6% edge, it means the win rate is 53%.

The links below are related to the subjects of -

1.  bet sizing - Kelly criterion, and
link:://:.rouletteexposed.com/articles/kelly-criterion-bet-sizing-and-roulette/

2.  bankroll sizing - loss streak calculation both based on the win rate of the system.
link:://:.soccerwidow.com/football-gambling/betting-knowledge/value-betting-academy/learning-centre/science-calculating-winning-losing-streaks/

When I wrote on this forum about my preference to flat bet, it is referred to the bet size used for the bets of the session or for the day of play.

It is not practical to apply a dynamic real time bet sizing due to the limitations of the units available besides the practicality of recalculating for every hand played in b&m casino.

About variance, it's another large separate topic altogether with another set of math converted into visual representations can be applied to measure the state of variance for practical exploitation which will require the use of mobile computer that may be illegal in some jurisdiction.

Finallly someone with brain give us a nice explanation of the edge in roulette.thx appreciated !

Tell me, so according to you, edge can occur if you able to defeat the house with flatbetting.
The question is if you using a progressive system and you making profit, how can you be sure that you have an edge against the house ?

[RouletteGhost]

The generals for the "moderator"!
I would nominate "the generals" to be a moderator instead of "tuner"

And promote tuner to be "administrator" and for Steve it is time to get retired

-:) 

Who agree with me ?

Absolutely not

Turner is non biased. The General isn’t

Go away.

[Roulettebeater]

Absolutely not

Turner is non biased. The General isn’t

Go away.

Hey
All respect to "Tuner", didn't you read what I said ?

We gonna promote Tuner for the role of Administrator, he deserves a promotion, doesn't he ?

At the same time we need a replacement for the role of Moderator, and the General is the right person

[RouletteGhost]

General as moderator?

Sure if you want a totalitarian and fascist regime where things people say are altered and deleted

Like the good old days

[Roulettebeater]

com'on the general is liberal democrat, he even voted for trummp!

So there should be no problem with him

-:)

[The General]

There are 2 aspects involve that is bet and bankroll sizing.

Firstly, we must understand what 6% edge means.

In the example, I just assigned an edge.  And edge means an edge above and beyond the house edge.  The accuracy of a prediction being made that gives the player, not the casino an edge.

1.  bet sizing - Kelly criterion, and
link:://:.rouletteexposed.com/articles/kelly-criterion-bet-sizing-and-roulette/

Kelly betting is very simple.   Calculate it before you play, so you know what your fixed betting percentage is likely to be.  Over the years I've modified the Kelly so that it equates to (Edge/expectancy) x (confidence level and playing conditions) = Bankroll betting percentage.  Once you know the percentage you can just merely multiply it times your approxmate bank at each spin or pre write bankroll betting thresholds on a paper before playing.  You don't need to calculate it to the penny.  Just approximate.  In a pinch, just bet 1%.

It is not practical to apply a dynamic real time bet sizing due to the limitations of the units available besides the practicality of recalculating for every hand played in b&m casino.

It's very practical.  I've it done for many many years.

About variance, it's another large separate topic altogether with another set of math when converted into visual representations can be applied to measure the state of variance for practical exploitation which will require the use of mobile computer that may be illegal in some jurisdiction.

Why on earth would you need to use a computer at the table???  Variance isn't something that you calculate at each spin.  It's something that you conceptualize and know in advance of playing.  It's based on your perceived edge, expectation, and bet ratio. 

When the player has the edge, up as you win progressions are vastly more effective than any up as you lose progression.  It's like compounding interest, as it enables the the player to win astounding sums of money overtime.