Warning Gambling Topic: Streak Philosophy

[wal66]

Im sure there are many approaches to this and I have seen what others have said but curious as to what some here do.

When you are in the midst of a winning streak how do you handle it? If you average 1 or 2 games a day and for the most part do you keep your bet size the same, do you increase the number of plays and keep the bet sizes the same or just increase your bet size?

Yesterday I had a rather large card and instead of going crazy I chose one game to play as a standard play and I took 4 of my best remaining plays and Round Robind them at a much smaller unit size. It worked for the most part cause my main play won and the 4 other plays went 2-1-1.

Today I have a really large amount of plays that qualify and I am tempted to just play more but what has been working is 1 or 2.

This probably comes down to variance but I would still like to hear how others adjust when winning as opposed to losing streaks.

 

[kato]

.

 

[Matty]

You shouldn't adjust either way. This is not a gambling topic, this is superstition.

Back when I did this daily I just computed a bet size in the morning and stuck to it throughout the day unless I had an extraordinary number of simultaneous plays, in which case I needed to reduce the dollar amount on each play.

 

[MrMonkey]

No clue Wally but my advice to you would be to PM new best bud Cougar and ask him what he thinks.

 

[MonkeyF0cker]

All-in.

 

[Matty]

All-in.

This.

 

[Mudcat]

I don't adjust anything based on personal streaks. Sometimes a team being on a streak will influence me to add a bet to a rotation that would not otherwise get made.

 

[wal66]

Matty, perhaps it' a philosopical question but it's still a gambling question. Most likely it is best suited for individual preferences BUT THE QUESTION WAS, what do you guys do?

Matty, superstition would be to never bet on 2nd Tuesday of 3rd months. Betting size and number of games wagered isn't exactly under the superstition category.

Matty, (drum roll) FAIL!

 

[MrMonkey]

Wally, I vote for all-in! You been looking for advice from a pro and he gave it to you!

 

[wal66]

Muddy, you wanna try picking a Mud Play today or are you good giving it a rest? I have 11 games to choose from.

 

[wal66]

All-in.

The last of a bankroll I agree. Pocket Aces in any situation (maybe except on the bubble) pre-flop, absolutely.

 

[Matty]

Wallay, kindly stop being a tard.

 

[wal66]

Since you said, kindly.

 

[Matty]

I gots some manners.

 

[MrMonkey]

Muddy, you wanna try picking a Mud Play today or are you good giving it a rest? I have 11 games to choose from.

Wally, if Muddy can't do it I'll assist you. I'll put 11 pieces of paper numbered 1-11 in a hat and lock you in a winner. Your welcome in advance!

 

[MonkeyF0cker]

http://en.wikipedia.org/wiki/Hot_hand_fallacy

 

[Matty]

http://en.wikipedia.org/wiki/Hot_hand_fallacy

But what do you do Monkey? WHAT DO YOU DO? HOW DO YOU TAME THAT FEELING THAT YOU JUST TURNED INTO A SEMI-GOD? It's not an easy question, no matter how many downswings you go through afterwards.

:brocklandersisa74%capper:

 

[MrMonkey]

http://en.wikipedia.org/wiki/Hot_hand_fallacy

Then why did you tell him to go all in? Wally is very serious here!