drawdowning

I bet 2% of my bank when my edge was better than 4% and ending up losing one-tenth of my total funds today. This game is really tough which is why the majority of players quit after a few years. The odds indicate that you'll be added to the list.

Read Arnold Snyder's "You Won't Win" article, written years ago if you can find it!

Robbie

I've read it years ago but thanks anyway. I still play because I have advantage and the setbacks are inevitable. Although it does require some degree of maturity to manage-which I probably don't have. Getting your nose opened is no fun and it hurts when it happens. Aside: A.S. does not play blackjack professionally.

I thought 2% is half Kelly when advantage is >4%. A different incantation is to bet full Kelly on half the bankroll. I am still trying to build the bank so quarter Kelly isn't so good in that regard.

2% half kelly bet requires a 5.28% advantage. (You have to account for the Variance)

is to bet 1/4 Kelly. For most is may seem too conservative but I have experienced negetive swings for months with hundreds of hours playing the best games in the world spreading whatever with negative results. In one casino I played 4DK with .25 off the top 6 days a week 10-12 hrs/day for 3.5 months or so and was still below breaking even. I did finally pull out but it taught me a lesson to be conservative and sleep easier.

Your commentary is rated to benefit the gallery. Myself included. I am bowed to bigplayer.
I was guilty of a thoughtless indiscretion.

this article is the essence of Snyder's 'Blackjack Wisdom'.

I didn't say that Arnold Snyder plays blackjack professionally. I don' t know whether he does or not, but I think maybe he has in the past.

What were you using for a bet spread?

Formerly I employed betting spreads because the authorities claimed it the optimal methodology. But then I came to realize after numerous barrings, it was too easy to pick up on the radar. So I was forced to adopt a betting scheme designed to fool surveillance while still delivering a similar win rate. And I am adhering to Blackwood's sage advice to never bet more than 1% of my bank regardless of the count.

What bet scheme so you use that fools surveillance?

Necessity is the mother of invention.