System for casino whoring

wickss · #1 09-29-2005, 01:41 AM

Has anyone ever used a system when casino whoring by doubling your bet or doubling and adding one when you lose? In general gambling this would be a long term losing play but you would have alot of short term wins. If used when clearing bonuses, would this decrease the chances of busting since you are only playing short term?

Photoc · #2 09-29-2005, 03:03 AM

I would NEVER advise this even for bonus whoring. I have done 8 casinos in the past week. 5 of which I had losing streaks of 17+ hands in a row. Variance is huge because you're playing so many more hands online than you can live. It's not worth busting out to make your minimum bet back. Risk vs Reward is TERRIBLE

Photoc · #3 09-29-2005, 03:40 AM

Ok, add another casino to that list...LOL Just lost 19 consecutive hands and the dealer got BJ 5 consecutive hands and 8 21's in a row include the bj's. Now thats rough.

PLOlover · #4 09-29-2005, 03:45 AM

sounds like sticky strategy.

KKbluff · #5 09-29-2005, 03:55 AM

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sounds like bad strategy.

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FYP

vilemerchant · #6 09-29-2005, 04:10 AM

[ QUOTE ]
Has anyone ever used a system when casino whoring by doubling your bet or doubling and adding one when you lose? In general gambling this would be a long term losing play but you would have alot of short term wins. If used when clearing bonuses, would this decrease the chances of busting since you are only playing short term?

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Sure. I'll start of flat-betting (whoring) the WR but i'll have a 'safe win' target in mind if I'm running particularly good. Once I get over the safe win (say $300 balance) i abandon the flat betting and bet 1/3rd of my excess stack. So if I'm at 330 i'll bet 10, 370 i'll bet 23 etc. Basically the worse that can happen is I'm back to $300 and flat betting, but if i get on a good run and win a few in a row in between each losing hand I'll whip up a good score. The EV on your bonus is the same regardless of your betting strategy, you just get hugely increased variance from large bets.

It can also finish up your WR requirements very quickly and will make you look more like a gambler than a 'bonus whore' that bet $2 1000 times.

MicroBob · #7 09-29-2005, 05:06 AM

I believe that if you bet larger than you get to the end of the wagering requirement faster which is actually a GOOD thing...and not just time-wise.

Think about it: if I play 1-million hands of -EV blackjack at $1 a hand I know in the end I'm going to lose a lot no matter what.
If I play just 1 hand for $1-million then I actually have a chance of winning.

If you can stomach the variance then getting through the wagering-requirement faster CAN be slightly +EV.

I thought the same of 'should I bet more when just trying to clear a bonus'...along the lines of 'are you nuts? that's a REALLY bad strategy.'
Ed Miller appeared in the thread and said it wasn't such a bad idea actually.
And, if I am recalling correctly, this was some of the logic that was involved.

Obviously, on top of this you are also not using as much time on each bonus.
Of course, the 'safer' play is to just bet the minimum and grind it all the way through. You are fairly certain of the range of where you will finish in trying to clear a $100 bonus.
But if you just wanted to get rid of the bonus by playing the entire wagering requirement ($5k or whatever it is) on one hand and THEN do that at 20 different casinos for 20 different bonuses then I believe there would be some small long-termish EV there (to go along with the possibility that you get absolutely CLOBBERED and lose a ton of money at the end of course).

I don't do blackjack bonuses and could very likely be misrepresenting (quite badly perhaps) some ideas.
Just spewing theoretical atcha.

TheMetetron · #8 09-29-2005, 09:03 AM

Increasing bet size past a certain point (so as to introduce a risk of ruin) increases EV and not just earn per hour.

AcmeSalesRep · #9 09-29-2005, 09:21 AM

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Increasing bet size past a certain point (so as to introduce a risk of ruin) increases EV and not just earn per hour.

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This is true for all one-time sites and places where wager requirements do not carry over. This would not really be true for a site like InterCasino where unplayed wager requirements carry over to the next month.

I'm sure you knew this, but I'm also sure there are a lot of people reading this that do not. Of course, they are probably really confused by what we both wrote, so...now it is on them to ask some questions...

Acme