Administrator
Centennial Member
AsianBookie Tipster
Posts: 103449
Liked By: 82838
Joined: 06 Jul 04
Followers:
26
Tipsters Championship:
AB$:
791,562.50
Ranked: #1717
|
In lieu of many ppl ice cream in casino which is either probably caused by over stay or over bet or irregular bet size. I am going to share you my recent part 2 project on RWS Casino. Forget the start of the thread as mentioned above as the inital phase project is closed - target price already easily reach 6k due to 1,3,2,4 betting system in baccarat. That was a very interesting experience and risky adventure. So here it goes.. Part 2 - This is the new strategies on sic bo. using a penknife of a bankroll of $500 dollars to cut a tree. Target price as usualy $5,000 at end of sept to withdraw. There are 5 important golden rules in dealing casino. They were: 1. Risk Management 2. Finanical Management 3. Strategies. 4. Stop loss calculation. 5. Risk risk diversification 1. Risk Management - Be aware of the risk invovled. For me I'm constantly aware of oversize betting. I would leave the casino once my target price is reached. I would never whack and chases losses. Instead I chase winnings on second liner , third liner and fourth liner using 1,3,2,4 algo. This is my important advise: Always consider to leave the casino in less than 1 hour. But I know some want to win more because of the imposed 24hr levy, so I can't help that cos i'm on annual levy. 2. Finanical Management - In order to have a healthy bankroll, You would need to bet comfortably regardless what happen. You only need to know the max. bet size you can risk in a given situation or position. For me is $60 . How to calculate very simple - using 1,3,2,4 bet size units -- If a single unit is $15 the next winning liner optimal bet size should be $45, $30 and $60. So therefore the max bet is $60. You will win $ if you clear the 1st and 2nd liner regardless of 3rd liner. If u are so sway failed to win the second liner, go back to 1 bet size . which is $15 in my case. 3. Strategies - For me I switch my games to sic bo now. I would bet on Big/Small - which the payout is 1:1 if the streak is good and stats pointing and implying to a dragon mode. I would be using $15, $45, $30, and $60 in a series of 4 consective bets. I chase winning liners instead of martingale double whack strategies. Pls don't double whack on losses as your bankroll could be easily depleted. This is known as gambler fallacy In additonal, Aim a certain small amount on the high odds and always bet some $ on any triple as the payout is 32 times. I have strike any triple many times before. 4. Stop loss calculation - Do have a stop loss calculator and be aware of the losses. As u can't always force a bull run. There would be time of a bearish situation. The calucation is formulated at -7%, -13% and -20%. For example a bankroll "traded" at $3,818 - Stop loss amount would stand at $3551 (1st level warning -7%), $3322 (2nd level warning -13%) , $3054 (last warning level -20%) Once it reach -20% of the bankroll, I will stop and leave immediately and have a glass of wine instead. 5. Diverse risks asset classes - If you are in a stock markets as well, just continue to hantam the index ETFs no point risking all your assets in a "luck journey" , bet some soccer as well. For me 15 mins to 1 hour is enough to leave the casino in average twice or thrice a week. The power of an acculamative compounding effect cannot be under estimated. Hope this helps. Stats arb always a stat arb. win win win ole ole ole.
Best Regards, JIA
|