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re: Gambling. No lose strategy.
Posted on 6/7/20 at 4:40 am to MrFahrenheitDontLie
Posted on 6/7/20 at 4:40 am to MrFahrenheitDontLie
No such thing long term if you play against the house. You will always lose. If you play against other gamblers (horses, sports, poker) you have a chance if you're very smart and very disciplined. With the amount of effort that takes, it becomes just another job, and a highly stressful one at that. You'd be better off working 9-5.
That said, the Kelly Criterion is what you're looking for. It will slow down the loss of your bankroll. Content warning: there's math involved LINK
That said, the Kelly Criterion is what you're looking for. It will slow down the loss of your bankroll. Content warning: there's math involved LINK
1
Posted on 6/7/20 at 7:03 am to Jim Rockford
There is a way, but you have to have a large bankroll, and the casino will likely kick you out. It’s doubling your initial bet until you hit then starting the process over.
But casinos kick people out who they see doing this
But casinos kick people out who they see doing this
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