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A Tutorial in Progressive Wagering

Topic closed. 42 replies. Last post 10 years ago by Coin Toss.

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cps10's avatar - Lottery-004.jpg
The Carolinas - Charlotte
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Posted: November 14, 2006, 11:18 am - IP Logged

Sit at the craps table, lose your money, yet continue to order more beer!

The North Carolina Education Lottery - so much a joke that here are their mascots:

Stooges

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    Posted: November 14, 2006, 11:26 am - IP Logged

    thanks thats funny

      Coin Toss's avatar - shape barbed.jpg
      Zeta Reticuli Star System
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      Posted: November 15, 2006, 12:18 am - IP Logged


      "Press" - means press up the place bets

      "Parlay" means parlay the hardways, put the winnings right back in action, "A thousand dollar dollar" -  a hard 8 (or 6) parlayed twice off of $1 = $1,000 and down

      "More beer" - that's the only way most people can get up the "courage" (alcohol balls) tp play like that!

      Green laugh

      So, Press, Parlay, More Beer!

      Wink

        cps10's avatar - Lottery-004.jpg
        The Carolinas - Charlotte
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        Posted: November 15, 2006, 11:18 am - IP Logged

        CT

        March on...I'll see ya at the "pour"house!!

        The North Carolina Education Lottery - so much a joke that here are their mascots:

        Stooges

          cps10's avatar - Lottery-004.jpg
          The Carolinas - Charlotte
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          Posted: November 15, 2006, 11:19 am - IP Logged

          This will conclude the lesson for tonight. I will continue more either later tonight or tomorrow. I hope you have enjoyed thus far.

          In summary, I discussed the differences in Flat Betting and Progressive Betting, as well as the difference between a Positive Progression and a Negative Progression. I also gave an example of a win with a Flat Bet and a win with a Progression. I also pointed out Bankroll differences with Flat Betting vs. Progression Betting.

          When I post on here again, I will show you how to utilize singles (6-way boxes) and doubles (3-way boxes).

          After that, I will discuss utilizing singles, doubles, and triples in Pick 3.

          Next, incorporating straight bets with boxes. In fact, a quick hint about straights is that if you are just a straight player, you use the same basic principles as the lesson tonight - you just increase your payouts from $150 for a box to $900 for a straight.

          I will then offer a tool that allows you to input the number of numbers you are playing in specific denominations (single, double, triple) and adjust your own custom progression for those of you that play different quantities of numbers every day! For instance, you might play 12 singles and 9 doubles one day, then the next day you are playing 10 singles and 21 doubles. If you aren't hitting, you can make up the losses easily with a progression!

          After that, we can move onto Pick 4 if you like.

          As always, any questions I will be glad to field. I want to have you understand how to wager progressively and make the most of your number selection abilities, of which many of you are blessed! This is actually a lot easier than many of you think.

          I also am available to form progressions for you if you give me your criteria.

          Good night and best of luck!!

          Sorry it's taken so long folks...will get into Singles & Doubles sometime soon. Probably not today...maybe tomorrow.

          The North Carolina Education Lottery - so much a joke that here are their mascots:

          Stooges

            Raven62's avatar - binary
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            Posted: November 15, 2006, 1:42 pm - IP Logged

            Sorry it's taken so long folks...will get into Singles & Doubles sometime soon. Probably not today...maybe tomorrow.

            No problem! Do you have any thoughts on Proportional Betting in regard to Playing the Lottery?

            A mind once stretched by a new idea never returns to its original dimensions!

              cps10's avatar - Lottery-004.jpg
              The Carolinas - Charlotte
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              Posted: November 15, 2006, 2:01 pm - IP Logged

              Proportional? I don't think I've ever heard about that...what is that, Raven?

              The North Carolina Education Lottery - so much a joke that here are their mascots:

              Stooges

                Raven62's avatar - binary
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                Posted: November 15, 2006, 10:15 pm - IP Logged

                Proportional? I don't think I've ever heard about that...what is that, Raven?

                Proportional Betting: Betting a proportion of your bankroll depending on
                your advantage.

                Definition of Optimal Proportional Betting: Maximization of the
                logarithm of wealth (sometimes called the Kelly criterion).

                How you might apply proportional concepts to your betting is something
                new to think about. But isn't thinking what it's all about?

                The bard, Sumner A Ingmark, thought so when he said:

                Folks with preferences exotic,
                Esoteric or Quixotic,
                Look for more than rules robotic.

                Objectives range from minimizing chance of a big long-term loss to
                maximizing expected rate of profit growth. Although the goals differ,
                proportional betting is also an option for players facing a house
                advantage.

                A mind once stretched by a new idea never returns to its original dimensions!

                  Coin Toss's avatar - shape barbed.jpg
                  Zeta Reticuli Star System
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                  Posted: November 15, 2006, 10:29 pm - IP Logged

                  Raven62

                  Advantage? In Lottery?

                  Please do expound on that one! 

                    cps10's avatar - Lottery-004.jpg
                    The Carolinas - Charlotte
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                    Posted: November 15, 2006, 10:54 pm - IP Logged

                    Proportional Betting: Betting a proportion of your bankroll depending on
                    your advantage.

                    Definition of Optimal Proportional Betting: Maximization of the
                    logarithm of wealth (sometimes called the Kelly criterion).

                    How you might apply proportional concepts to your betting is something
                    new to think about. But isn't thinking what it's all about?

                    The bard, Sumner A Ingmark, thought so when he said:

                    Folks with preferences exotic,
                    Esoteric or Quixotic,
                    Look for more than rules robotic.

                    Objectives range from minimizing chance of a big long-term loss to
                    maximizing expected rate of profit growth. Although the goals differ,
                    proportional betting is also an option for players facing a house
                    advantage.

                    I will have to read more about this and see how I can incorporate this into the progressive wagering.

                    The North Carolina Education Lottery - so much a joke that here are their mascots:

                    Stooges

                      Raven62's avatar - binary
                      New Jersey
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                      Posted: November 15, 2006, 11:32 pm - IP Logged

                      Raven62

                      Advantage? In Lottery?

                      Please do expound on that one! 

                      You would have an advantage in the Lottery if you developed your skill in interpreting previous drawing results and used them to predict future drawing results.

                      A mind once stretched by a new idea never returns to its original dimensions!

                        Tenaj's avatar - michellea
                        Charlotte NC
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                        Posted: November 15, 2006, 11:48 pm - IP Logged

                        You would have an advantage in the Lottery if you developed your skill in interpreting previous drawing results and used them to predict future drawing results.

                        I Agree!

                        takeemtothebank

                          Coin Toss's avatar - shape barbed.jpg
                          Zeta Reticuli Star System
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                          Posted: November 16, 2006, 6:40 pm - IP Logged

                          Well, you can study things right here on this board and improve your chances, but advantage?

                          If you mean it's to your advantage, sure.....but any lottery that ever offered a game where the player had the advantage would never last long.