
Originally Posted by
Egalite
Seth, I do struggle with some of your charts (descriptive column headers would be nice) , however you have explained it clearly with your 10k example, basically you are accumulating the 5%. Which quite rightly will add up the longer you play and the longer you keep winning those Banker bets. It still works out at 5% per bet, but not 5% of total winnings, obviously from our side of the table, it is the latter which we need to concern ourselves with.
I've read IMspirit's article and what he states, by using a wider spread also makes sense, assuming you have the bankroll and stomach. As you no doubt noticed from his charts, with no limit applied to the spread, betting either Player or Banker, results were positive, however he did take into consideration allowances for the 5% banker tax. Which is why the Banker won more than betting Player using Target betting. So rightly or wrongly there was a bit of juggling involved.
It also makes sense reading IMspirit blog (at this stage) why a 1 > 5000 limit, would fair worst than a 1 > 10000 ratio. That's for you two to sort out, suffice to say, it is a very interesting concept / topic and a shame it remains a non-viable playing approach, I could see some scary draw-downs and for what? A one unit profit.
Generally as most of us only focus on the short term, i.e making money from the current session which we are playing, maybe there is scope to play this way, the potential draw-downs, which I appreciate you did mention, remain a turn-off for me. So while not a fan of "Target Betting" the consideration of accumulative Banker tax is a bit of an eye opener. That Banker tax will cost us once we start thinking in terms of lumping all those 5% together into one long session, I do see your point. However some are happy to receive .95 on the dollar than no dollar at all.
I have two questions for you; first have you ever considered applying the brakes against Banker streaks once you are betting more than 1 unit, to protect yourself against potential long banker streaks (I realise the implications of this, but a little self preservation never hurt anybody) and secondly, have you ever risked real money using target betting, if so how have you got on?
Thanks....
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