I have been devouring the content within the pages of this forum and around the inter-webs trying to grasp various concepts and theories on how to bet, when to bet and how much. I understand bankroll management, loss and win limits, time at table, betting on the randies and am confident I have the discipline to implement a battle plan and stay with it...and I have the bankroll to work with.
Up until now I have been - as MP refers to - a Collect-Press type of bettor. My typical method would be to:
- Min-bet the PL
- Set the point
- Take 3-4 unit odds
- Place 6 and/or 8 for table minimum
- If PT was 6/8 I'd place either the 5 or 9 for table minimum
As I have been reading these forums about ISR, MP204 and other betting techniques it was clear my method was doomed to - at best - give me pennies in winnings over the long haul. My momentary winnings were more based on a streak of long hands then they were on my DI skill. Reading through posts by MP, Heavy and Freak - it became abundantly clear I was leaving way more money out there then I needed to as I tried to catch that lightening in the bottle of a long numbered hand. And I was not capitalizing on my 2-3 signature numbers or any type of table trend.
So the search and test began to find something that worked for me.
MP204 - I'm not there yet...hope to be some day but that's a big bet for me right now. A little more bankroll cushion and I will push towards that - but I like the theory and I liked the outcomes Freak has shown with the LittleMP.
Here is my variation. It fits my style of play, bankroll, threshold for risk and desire for more action. Sharing here to lay it out and have anyone who wishes poke holes in, tell me I'm a fool or offer improvements.
But first let's make some assumptions.
- $10 Table
- $500 Buyin
- SRR of 7.69 (on practice rig)
- Would only use this on myself
- All Sevens on the CO
- 44 Up 55 Facing BW
- Min PL with 2x Odds
- Once point is set Place $30 6 & 8 and $25 5 & 9 (except point).
- After 2 hits regress to $12 on 6 & 8 and $10 on 5 & 9.
- I can get a run of 4/10's with this set - and may Place 4 and/or 10 for $10 and buy for $25 on first hit. But this is like a prop bet to me and based on feel of the moment.
- After regression Press 1 Unit every other hit
If point is 6 or 8 I'd have $110 in play ($10 PL, $20 Odds, $25 Place bet on 5 & 9, $30 Place bet on the 6 or 8). Two hits pays $70, regress leaves $62 on the table - a profit of $8 no matter what happens next.
If point is 5 or 9 I'd have $115 in play ($10 PL, $20 Odds, $25 Place bet on 5 or 9, $30 Place bet on the 6 & 8). Two hits pays $70, regress leaves $64 on the table - a profit of $6 no matter what happens next.
If point is 4 or 10 I'd have $140 in play ($10 PL, $20 Odds, $25 Place bet on 5 & 9, $30 Place bet on the 6 & 8). Two hits pays $70, regress leaves $74 on the table - a -$4 loss no matter what happens next.
The play is at risk to rolls shorter then 3, made of garbage or if outside is only hitting - so would need to adjust in the moment. Knowing that with a SRR of 7.69 I believe my thinking is correct that I should - on average - have point-cycle rolls of 7+ before 7’ing-Out.
So now I am trying to work through the post regression press-collect phase. I do plan once the pressing reaches the $25-$30 and 1 $35 paying hit to regress again and start the process over again on that number. But that would mean I have to hit each inside number 4 times to reach that point - unlikely except in the cases of a mega roll.
In practice I have had hand profit of up to $200 and losses up to $200 (loss limit).
Be interested in peoples thoughts/opinion. Feel free to tear it apart. War-gaming this as I prepare for my Vegas trip over Christmas.
Tommy D