A winning strategy has no stop loss

[Andre Chass]

In my humble opinion.

Feel free to disagree. Please be polite!

[The General]

The KFC "trot" seems to have a stop loss based on future spins.  In other words the player looks into the future to see if they should quit on the next spin, the one after that one, the one after that one, the one after that one, or earlier in the session. 



Of course the player needs a time machine to actually know when they're supposed to quit! 

[Scarface]

More people lose their money due to greed than they do to the house edge.  Too many people chasing losses.  I believe knowing when to stop and take profits or losses help my game.  I know many may not agree.  Also, knowing when to change bet selection and/or system also helps.  If something's not working for me that day, I'll drop it and move something else.

[The General]

More people lose their money due to greed than they do to the house edge.  Too many people chasing losses.  I believe knowing when to stop and take profits or losses help my game.  I know many may not agree.  Also, knowing when to change bet selection and/or system also helps.

A trained monkey will perform just as well.

[Joe]

I believe knowing when to stop and take profits or losses help my game.  I know many may not agree.  Also, knowing when to change bet selection and/or system also helps.

The question is how do you know when to stop or change bet selection or systems? When you're losing seems like a good time, but things might be about to turn around just at the moment when you stop or change systems. There's no way of knowing, so I have to agree with the OP, and the General. Without a time machine, you're basically just guessing. 

[Andre Chass]

The KFC "trot" seems to have a stop loss based on future spins.  In other words the player looks into the future to see if they should quit on the next spin, the one after that one, the one after that one, the one after that one, or earlier in the session. 



Of course the player needs a time machine to actually know when they're supposed to quit! 

Hahaha

Theryes intelligent life in this forum.

There's still hope in the human race.

[6th-sense]

In my humble opinion.

Feel free to disagree. Please be polite!

I thought you used stoploss on baccarat?
Everyone knocking nottys sheets or way of betting he is using statistics to his advantage that’s why he knows when to start and when to stop..he’s not guessing..
He knows the overtip limits..
He’s studied enough to have that advantage..
So yes there has to be a stoploss if you know the ins and out of your bet..this way you can hopefully win more than lose depending on how well you know your system limits and it’s downward tipping point

[Joe]

A trained monkey will perform just as well.

lol

[Roulettebeater]

lol

Yeah!
The monkey who keeps spinning black nuts in streaks !

[Scarface]

The question is how do you know when to stop or change bet selection or systems? When you're losing seems like a good time, but things might be about to turn around just at the moment when you stop or change systems. There's no way of knowing, so I have to agree with the OP, and the General. Without a time machine, you're basically just guessing. 

If my bet selection isn't working, I don't wait long to change it.  While one thing is hitting way under expectation, there is always something else hitting above.
Yes, I know there is no way to be 100% sure that it will not come back if I continue to play.  But, I really believe this has saved me lots more money than I missed out on. 

I used the same strategy on stock market trading.  Got over a 300%+ return in a year on a market that was down 20%.  Made 100s of trades.  Only reason I can account for my success is that I quickly would drop non performers and move on to something else...even if it meant taking a small loss. 

I know there are no clear cut rules to this that someone can easily program into a simulation.  I believe it does take using your best judgement, or intuition.  But it has worked pretty well for me 

[ozon]

If you are able to reach the real edge, play flat bet, you never need a stoploss.
All you need is a bankroll that can withstand variance and even with a real edge, say 2%, bankroll is 500 units because dropdawn can be even on 200-300 units.

That's why many people counting cards in Blackjack can not withstand the tension associated with variance, you can be whole periods in the minus thinking that doing something wrong.

With roulette is even worse, if you reach the minimum edge playing flat, there is almost always the fear that it is too small sampel of spins, to be convinced that the system actually works.

[wiggy]

That's why many people counting cards in Blackjack can not withstand the tension associated with variance, you can be whole periods in the minus thinking that doing something wrong.

That's true! I knew a guy back in the early 90's who was a very good BJ player with meticulous records. He showed me his little book every so often and it showed periods of up to 3 months sometimes where he was either losing or treading water.
Not getting many opportunities and his spread could give his bankroll a whack when negative variance set in. He would always say at such times that the operation was a success however the patient died! 

[cht]

Roulette is no different.

Find the way to not lose in say 150spins, you have found the way to win.

The mistake everyone makes is to find the way to win. You won't.

[Scarface]

No one is guaranteed to win in 200-300 spins.  Not even AP players with an advantage

[Tinsoldiers]

No one is guaranteed to win in 200-300 spins.  Not even AP players with an advantage

Well if someone can’t guarantee to win in 200-300 spins they can’t guarantee to win for more or less spins.