Tournament Strategies
After receiving pocket cards, you are immediately faced with a choice: play your cards and either raise or call the blinds, or fold.
Practice Matters
8. Regression-Progression Betting Systems
8. Regression-Progression Betting Systems Table 8-1 shows Regression-Progression bets of $10, $5, $10, $15 during the Win Streaks and Flat bets of $10, $10, $10 and $10 during the Lose Streaks giving a low Risk of $40. Note the Difference column results in $0, $20, -$10, -$10 for a total of $0.00 Average “Winnings” per Cycle. One cannot get too excited or excited at all about this kind of result for all one’s playing effort. Because the Average of “Winning” is zero, the computation of the Risk to Average “Winnings” per Cycle has no meaning (division by zero) so the results are designated as Not Applicable. Compare Table 8-1 with the results of say Table 6-2, Second Modification of ‘Ideal’ Standard Betting Strategy (50/50 Game). In Table 6-2 the Difference column is $0, $80, $40, $20 for a total of $140, Average “Winnings” of $9.33 per Cycle and finally a Risk to Average “Winnings” per Cycle of 19.3! Of course in Table 6-2 the loss of $180 is a sizable sum but then isn’t this gambling. On the other hand, one has many opportunities of quitting a winner during the session if one hasn’t run into the loss of “The Big One” first. If, in order to reduce (not eliminate) the probability of running into “The Big One”, for Lose Streaks up to four, one limits a session to four playing streaks the probability of loss is 25% (4 streaks out of 16) which is not too bad.
Summarizing the above comparison of the two betting systems reveals that betting
Summarizing the above comparison of the two betting systems reveals that betting in accordance with Table 8-1 results in low dollar risk but no Average positive “Winnings”. Whereas the betting in accordance with Table 6-1, resulted in high dollar risk but a positive Average “Winnings” during play. Take your pick!