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How To Get It, and How To Keep It For
the savvy advantage-player, creating more shooting opportunities is almost as
important as maximizing each profit opportunity every time you pick up the dice. The
two go hand in hand. The
better you get at this dice-influencing craft, the more often youll want to shoot
the dice, and with each new turn, youll want to squeeze out maximum profitability. When
you know that youve developed a player-edge over an unbeatable game like
craps, its sometimes difficult not to develop any arrogant feelings of superiority
or condescending views toward random-rollers
but its important that you
dont. The
casino table is no place to become a FIGJAM (see the Mad
Professors Dictionary). Moreover,
arrogance and self-importance can be costly especially when your shooting-skills are still
in the formative inconsistent stage of development. An occasional outstanding hand
often raises a totally unearned and undeserved bulletproof Superman feeling; while just as
often, your one-hand mini-mammoth dominance is promptly crushed and trampled by your very
next over-confident/over-bet quick-Out hand. Its
one thing to be confident and self-assured about your throw
its something
completely different to be too cocky and arrogant, especially if your
shooting-consistency or revenue-generation really doesnt justify all of the false
bravado. Even
a Novice Can Benefit From A Professional Approach
So
why am I always promoting the idea of betting MORE during your own hands and LESS
(or not at all) when a random-roller has the dice? Well,
it comes down to a couple of compelling money-making abstracts:
Ø
A
professional Precision-Shooter only bets when he has an exploitable edge over the house.
Ø
A
professional Precision-Shooter DOESNT bet unless he has a sustainable enough edge
over each of the bets that he is contemplating.
Ø
The
professional advantage-player only bets within the confines of his adequately-financed
bankroll.
Ø
The
professional advantage-player makes efficient wagers that reflect his validated edge
(where the size and breadth of his bets mirror or are slightly less than) his
verified and volatility-weighted advantage.
Ø
In
other words, the size and spread of a professional Precision-Shooters bets reflect his
actual advantage over the casino as well as the depth of his bankroll.
Ø
A
professional advantage-player values his time at the tables and respects the money that he
has brought to it. For that reason,
hell be looking to maximize both the efficiency of his bets and the effectiveness of
his efforts.
Ø
He
wont waste his time or money betting on random-rollers and in many cases hell
seek out situations where he can make a quick strike against the casinos bankroll and be
out of there before they have a chance to associate his face with the disappearance
of their money. To
control your dice-influenced win-rate; you have to bet into gaming-situations where you
have a validated edge, and do it in such a way that even a worst-case-loss-limit
scenario leaves your bankroll pretty much intact instead of in shambles. To
control your random-roller betting; its often just a matter of controlling your
patience, anxiety and frustration as the dice leisurely wend their way around the table. Random-Snacking
versus Advantage-Dining
You
may not be a professional craps player and any aspirations to do so may not even appeal to
you; however, the logic and motivation behind a pros bets are pretty much the same
as those for a serious recreational player. Both
players want to lose less and win more.
Ø
The
pro understands that to do that on a sustainable basis, he has to scale back his
non-advantage bets while prudently ratcheting up the advantage ones. Oh
dont get me wrong, a pro will still be TEMPTED to make lots of non-advantage
bets on an on-going basis, just as I am
every single day of the week. He may even give into that temptation way more
often than is healthy for his bankroll, but if he wants to continue playing as a pro and
continue making money like a pro; then he has to cut back on his habit of random-bet-snacking
and take up a healthier and lower-risk diet of advantage-bets. Like
I said, a professional advantage-player values his time at the table and respects the
money that he has brought to it. For that
reason, hell be looking to maximize both the efficiency of his bets and the effectiveness
of his time and effort. Random-bets
are the junk-food that satisfies your moment-to-moment cravings to gamble, but only
advantage-betting can provide healthy, sustainable income-nourishment and long-term
bankroll-sustenance. When
you ignore that, you ignore the reality of casino gambling.
Take
a look around at how many of our talented dice-influencing pals have disappeared from the
casino scene over the past couple of years. Its
not that they didnt have the ability to control their shooting
its
just that they couldnt suitably control their betting. The
moment a novice-to-intermediate dice-influencer comes to that inspired realization, he
automatically elevates his game to the next stage of advanced dice-influencing
development. Retreat
From Random and Advance Your Leverage
I
cant stress how important it is for you to keep track of how much money you are
either making or losing when you bet on any random-players.
Im
not just talking about your overall net-loss (or infrequent net-win) figure. Im talking about understanding the total
amount of money that you actually bet on random-rollers. Then I want you to consider that amount when
compared to the quantity of money that you currently wager on yourself. The
more you understand the financial significance of the dice-influencing edge that
youve built up over the casino, and the more you value your time at the tables and
the more you respect the money that you bring to it; the more youll want to maximize
both the efficiency of your bets and the effectiveness of your efforts. When
aspiring dicesetters look at the big picture, they are often surprised by the sheer size
of the imbalance between how much total money they are betting on random-rollers
versus how little they are actually betting on themselves. For
example:
Ø
Lets
say that your average random-roller bet comes to $20 per shooter.
Ø
Lets
also say that for every lap of the table, you selectively bet on just eight
random-rollers.
Ø
That
means that youve wagered a total of $160 of your money on them. Now
take a look at how much youve won or lost on them.
Ø
For
argument sake, lets say that youve only lost $20 during that one rotation
around the table. Thats a 12.5% loss on
the total amount of money youve bet on R-Rs during just one average lap. That seems like its too high of a loss in
such a low-vig game like craps, but in fact, house-edge and volatility conspire together
to become be a silent and deadly bankroll-shrinking combo.
Ø
Lets
also say that you have a clear dice-influencing advantage over the house, so you bet more
on your own good shooting. For argument sake,
lets say that the average bet that you make on yourself is about $40 per turn.
Ø
You
bet $40 on yourself, but $160 on random-rollers. That
means you are betting FOUR TIMES more on random-rollers than you are on your own
advantage-shooting
in just ONE LAP of the table.
Ø
You
are putting more hope onto random-rollers in a negative-expectation game than you
are in skill-based commitment into your own validated positive-expectation
dice-shooting skills. How silly is that?! That is NOT how a smart player ratchets up his
earnings
but it is a perfect way to keep crushing them down.
Ø
In
this scenario, well say that your $40 self-investment usually spins off an average
profit of $20. Thats a good thing. Youve made a 50% return on your
dice-influencing investment.
Ø
Unfortunately,
the 50% R.O.I. that you routinely manufacture during your own great shooting is not enough
to overcome the average $20 loss that you endure on random-rollers while waiting for the
dice to come back to you. Though
making a $20 profit on your $40 self-investment is good, the offsetting $20 loss on your
$160 random-gamble is clearly self-defeating. Now
some people will look at the numbers and say, Gee, Im making a 50% profit
on my bets, and only a 12.5% loss when I bet on random-rollers, so why am I only breaking
even? The
simple answer is that although you are betting twice as much on yourself than you are on
any one individual R-R, the TOTALITY of the bets you are making on all of
the random-rollers is far too high for even your own excellent Precision-Shooting skills
to overcome.
Ø
In
this scenario, if you had taken even half of the money that youd normally wager on
R-Rs and put it on your own good shooting; then youd likely have a much
healthier net-profit to show for it.
Ø
Each
additional dollar that you wisely wager on yourself should be offset with at least
a two-dollar reduction on random-bets
preferably even more.
Ø
In
this case, a 50% return on an $80 self-investment would have spun off a $40 profit. That would have been enough to overcome the $20
you wasted on those random-shooters, and still left you with an overall profit.
Ø
If
you take that idea one step further, and perhaps only bet $10 (on average) on those same
eight R-Rs as you wait for another shot at the dice; then that $80 overall
random-gamble would result in a much more palatable $10 loss.
Ø
When
subtracted from the now-tastier $40 self-made profit that your own good shooting spun off;
youd have a net-profit of $30 from that same one-lap around the table. The
money you spend on random-rollers has to be viewed in the overall perspective of the total
money that you are wagering on random-rollers versus the total
amount you are investing in your own advantage-shooting.
Ø
Keep
track of how much you win or lose on your own shooting, and keep track of how much money
you actually invest in yourself.
Ø
Then
compare it to how much all those other seemingly small random-roller wagers end up
costing you when viewed in their totality (when you multiply your average R-R bet by the
number of R-Rs that you actually bet on during one lap of the table). When
you start looking at how many rotations around the table youll endure during an
average session, and how MUCH money you actually wager on R-Rs when compared
to how LITTLE you are investing in yourself; many players are shocked to see how
much hope and faith they are placing on the shoulders of R-Rs and how miserly they
are treating their own good, validated and verified dice-influencing talents. Makes
you go Hmmm doesnt it!? Keep
track of how much you are gambling during all the times when the dice arent
in your hands and compare it to how much or how little you are actually venturing
on yourself when the dice are in your hands. The
Precision-Shooting advantage-player puts their money where their advantage is.
Ø
One
of the first ways you can make more money off of your current talents is to shift some of
the money that youd normally bet on everyone else, and wager it on yourself. Let
me put it another way. In
order to afford lots of bets on lots of random-rollers
you have to be one hell of a
GREAT shooter. If
youre not that great of a shooter yet, but the total amount of the money that you
bet on random-rollers (in total) is greater than or equal to the amount that you bet on
yourself; then your chances of making sustainable and consistent profit from this game is
slim to nil. A
savvy player puts his money where his advantage is, and excludes it from wagers where he
doesnt. In
a Few Words
Ø
Create
additional shooting opportunities for yourself and maximize the profit from each one.
Ø
Control
any feelings of arrogance or superiority.
Ø
Even
a novice can benefit from a professional approach.
Ø
A
professional Precision-Shooter bets when he has an exploitable edge over the house, and
only bets within the confines of his adequately-financed bankroll.
Ø
The
pro makes efficient wagers that reflect his validated volatility-weighted edge, and
controls his random-betting by controlling his patience, anxiety and frustration.
Ø
Random-bets
are the empty-hope junk-food that momentarily satisfies your gambling hunger, but only
advantage-betting provides healthy, sustainable income-nourishment and long-term
bankroll-sustenance.
Ø
Random-junk
betting causes chronic and often fatal bankroll illnesses, while continuing to destroy the
aspirations for many of our skilled friends and former dicesetting associates.
Ø
Keep
track of how much money you make or lose on random-rollers.
Ø
Look
at the imbalance between the total amount of money that you bet on random-rollers
versus how little you bet on yourself.
Ø
Each
additional dollar that you wisely wager on yourself should be offset with at least
a two-dollar reduction on random-bets.
Ø
A
savvy player puts his money where his advantage is, and excludes it from wagers where he
doesnt. You
dont have to be a professional to play like one.
As a skilled player, you can do this too.
Your skilled shooting gives you the means to get the profit; you just have
to be shrewd enough to keep it.
Ø
You
have the knowledge of what it takes to win.
Ø
You
have the skill to de-randomize the dice.
Ø
You
know which bets are good for you and which ones arent. Now
its up to you to decide whether you want to seek out additional shooting
opportunities and keep more of the profit that your own good shooting produces, or whether
you are satisfied with the status quo of your current level of profit and loss. What
you decide determines where your profit will come from or where your hard-earned money
will go to. With
Precision-Shooting
control is entirely up to you. In
Part Fourteen of this series well be looking at a couple of techniques
the pros use to grow their casino wealth while still protecting their bankroll
assets. As well, well be exploring
several ways to climb up to the next level of Precision-Shooting profit
and several
steps beyond that too. Until
then, Good
Luck & Good Skill at the tables
and in Life. The
Mad Professor
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