[ View Thread ] [ Post Response ] [ Return to Index ] [ Read Prev Msg ] [ Read Next Msg ]

Parker Pages: Blackjack Main

Targets and Stop Losses

Posted By: Norm Wattenberger
Date: Thursday, 22 December 2005, at 9:06 a.m.

Targets and stop losses are two of the more common voodoo methods used by gamblers. Of course they have no effect on Basic Strategy players. However, many if not most card counters also think they have no effect on their play. It's important to understand that strictly enforced stops do have an effect on card counters. And this can be a hefty negative effect.

I ran seven sims: 5/6, S17, DAS, heads-up, spread 16:1, $25 unit, 200 hand sessions max. I set win targets and stop losses of $1,500 and $2,500. By target I mean you immediately end a session when you hit the target and by Stop Loss I mean you immediately end a session when you hit the Stop Loss. SCOREs are charted below:

The SCORE decreases are a result of leaving the shoe when the count is high. Unfortunately, the count is very likely to be high when you reach either a target or stop loss. Obviously, if you play out the shoe or wait for the count to drop back before ending the session, you won't see any decrease. And of course if you hit your stop loss and simply have no ability to continue betting, your SCORE is lower than you think.


Serious Blackjack Software

Password:

Messages In This Thread

 

Post Response
Your Name:
E-Mail Address:
Subject:
Message:

If you'd like to include a link to another page with your message,
please provide both the URL address and the title of the page:

Optional Link URL:
Optional Link Title:

If you'd like to have the option of deleting your post later,
please provide a password (CASE SENSITIVE!):

Password:
Save Password: Yes No
 

 

[ View Thread ] [ Post Response ] [ Return to Index ] [ Read Prev Msg ] [ Read Next Msg ]

Parker Pages: Blackjack Main is maintained by Viktor Nacht with WebBBS 5.00.