Windshield Time and Betting Strategies
Posted: Mon Mar 16, 2015 11:51 pm
Most of you guys know that I put in a significant amount of windshield time on the day job. Just last week, for example, I rolled 1400 miles on the new Jeep. Admittedly, I worked a seven day week and put in around 10 hours a day - 13 hours one day. And, I spend a fair amount of time BS'ing with Jeep dealers and off-road guys - not to mention the fact that EVERY time I stop to fill up the Jeep someone walks over and asks "That thing really have a 6.4 Hemi in it?" Which leads to lifting the hood, letting them take photos, and cranking it up for them so they can hear it run. But back on the windshield time thing . . .
Often, when I'm cruising across some place like Kansas or West Texas I find my mind drifting to betting strategies. I suppose I should start using the digital recorder on my phone to keep track of some of the things that fire in the old brain pan. Recently, I've been kicking around the ever-asked question - what does it take (beyond gaining an edge) to win question. Several things come to mind, but I also find myself questioning some of them from time to time. For example, I've always said "If you are unwilling to bet the Don'ts then get used to losing half the time." At least that holds true when betting on randy over the long run. But actually, on randy you're going to lose a little MORE than 50% of the time because of that 1.41% house edge thing that us "even money" guys tend to ignore when talking about such things. Nevertheless, I do think you need to be adept at playing the Don'ts if you want to be a long run winner. Of course, when do you play them? Well, that's where those trend things we keep talking about come in. Or do they? The math guys tell us that in a random game the dice have no memory, charting is worthless, yata yata yata. I'll tell you I've seen plenty of evidence to the contrary. My buddy Irish will tell you THAT is a case of confirmation bias - seeing what I want to see. So we chase the question round and round and nobody wins. Or do they?
Moving along. Let's talk about pressing a bit. On another thread there's a conversation going on about a well heeled player who used to press 30% pretty much every hit. That might be a little deceptive. As I recall, this particular gent was not a place bettor. He was a PL and Come bettor - with odds. A guy playing a 100X odds game where he starts out playing 10X odds can press a long way without varying his flat bet. Pressing by 1/3 his odds (with a 25 flat bet) could go from $250 to $320 to $410 to $530 to $600 to $780 to 1000 to . . . well, all the way up to $2500 before he'd have to increase the size of his flat bet. Not that that should bother him if he had $2500 in free odds on the table. But is that the only way to press your bets 1/3? I don't think so. I'm of the opinion that you could go "same bet" twice, then full press on the third hit and still be pressing by (approximately) 1/3 over the length of the hand - while being just a tad more conservative at the same time.
Moving along. I used to play with a guy whose action looked like this in a 20X odds game:
$250 Pass Line. When the point is established take $5000 odds.
Buy the four and ten for $2500 each.
Place the six and eight for $1200 each.
Make three $500 Come bets with $10000 odds each.
Follow that with continuous $250 Come bets with $2500 odds each.
Any time the Come traveled to the even numbers he took down the Place/Buy bets.
I've seen this guy win close to $200K at a session.
I've seen this guy lose close to $200K at a session.
He gets great comps.
Moving along. At the end of the day it DOES matter how you play if you don't have an edge. Give some thought to that when you're behind the windshield this week. Let me know if you figure it out.
Often, when I'm cruising across some place like Kansas or West Texas I find my mind drifting to betting strategies. I suppose I should start using the digital recorder on my phone to keep track of some of the things that fire in the old brain pan. Recently, I've been kicking around the ever-asked question - what does it take (beyond gaining an edge) to win question. Several things come to mind, but I also find myself questioning some of them from time to time. For example, I've always said "If you are unwilling to bet the Don'ts then get used to losing half the time." At least that holds true when betting on randy over the long run. But actually, on randy you're going to lose a little MORE than 50% of the time because of that 1.41% house edge thing that us "even money" guys tend to ignore when talking about such things. Nevertheless, I do think you need to be adept at playing the Don'ts if you want to be a long run winner. Of course, when do you play them? Well, that's where those trend things we keep talking about come in. Or do they? The math guys tell us that in a random game the dice have no memory, charting is worthless, yata yata yata. I'll tell you I've seen plenty of evidence to the contrary. My buddy Irish will tell you THAT is a case of confirmation bias - seeing what I want to see. So we chase the question round and round and nobody wins. Or do they?
Moving along. Let's talk about pressing a bit. On another thread there's a conversation going on about a well heeled player who used to press 30% pretty much every hit. That might be a little deceptive. As I recall, this particular gent was not a place bettor. He was a PL and Come bettor - with odds. A guy playing a 100X odds game where he starts out playing 10X odds can press a long way without varying his flat bet. Pressing by 1/3 his odds (with a 25 flat bet) could go from $250 to $320 to $410 to $530 to $600 to $780 to 1000 to . . . well, all the way up to $2500 before he'd have to increase the size of his flat bet. Not that that should bother him if he had $2500 in free odds on the table. But is that the only way to press your bets 1/3? I don't think so. I'm of the opinion that you could go "same bet" twice, then full press on the third hit and still be pressing by (approximately) 1/3 over the length of the hand - while being just a tad more conservative at the same time.
Moving along. I used to play with a guy whose action looked like this in a 20X odds game:
$250 Pass Line. When the point is established take $5000 odds.
Buy the four and ten for $2500 each.
Place the six and eight for $1200 each.
Make three $500 Come bets with $10000 odds each.
Follow that with continuous $250 Come bets with $2500 odds each.
Any time the Come traveled to the even numbers he took down the Place/Buy bets.
I've seen this guy win close to $200K at a session.
I've seen this guy lose close to $200K at a session.
He gets great comps.
Moving along. At the end of the day it DOES matter how you play if you don't have an edge. Give some thought to that when you're behind the windshield this week. Let me know if you figure it out.