Author Topic: Aiming for 1% of profit every day  (Read 3049 times)

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solaris

Aiming for 1% of profit every day
« on: October 13, 2018, 06:41:36 PM »
Professionals,
I am a new member of the forum, people here have so much knowledge and experience. Excellent!.I have a question to ask here.
Usually people aim for outrageous amount of profits per session corresponding to their BR. In doing so, most times we are at losing side while playing Roulette. If we keep things simple and aim for 1% of BR as profit every day, would life be much simpler?
Assuming that we have 1000 units of BR, do you think it is easier to achieve 10 units consistently every day?
By month end, we should have 1300 units with us.
What is the simplest method that can give us 1% without using any progression? I came across BlueAngel method to play systematically, which is superb. But it involves doing progression and I am not a big fan of progressions.
By the way 1% per day is by no means a small rate to earn.  If we can compound it every day over a period of 1 year(and invest the result next day and so forth), 1000 units would become 36783 units at the end of year!.
« Last Edit: October 13, 2018, 06:44:51 PM by solaris »
 

mr j

Re: Aiming for 1% of profit every day
« Reply #1 on: October 13, 2018, 06:44:23 PM »
This 1% stuff has been tried before. You'll have a day(s) where you will NOT get to 1% and lose any BR you have. It won't work, have a great day.

Ken
 
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mr j

Re: Aiming for 1% of profit every day
« Reply #2 on: October 13, 2018, 07:14:39 PM »
Even if you dropped it down to .25% profit. You'll still have the SAME issue.
 

scepticus

Re: Aiming for 1% of profit every day
« Reply #3 on: October 13, 2018, 07:21:27 PM »
The  basic idea is good, solaris, but as ken says this has been suggested  before. The randomness / variance of he winning numbers is the problem. This means that  we are most likely to win sometimes and lose at other times. This suggests thaL we should aim for a bit more than 50% of our table betting bank.  In your case of  51% ? An average  Win at 1 table  Lose  at 1 table leaving a net 1% ,
I don't think there are any " professionals " on ths forum though some may claim to be a professional .We are amateurs trying to " Beat The Odds" and ENJOY  playing roulette.
 
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mr j

Re: Aiming for 1% of profit every day
« Reply #4 on: October 13, 2018, 07:26:53 PM »
As a matter of fact, I did this maybe four years ago. 1% was the goal (I got the idea from a poster at RF), a shortened BR in case things went south. LOTS of winning days but YEP, all of my profit was wiped out. It was a decent experiment however.
 
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mr j

Re: Aiming for 1% of profit every day
« Reply #5 on: October 13, 2018, 07:43:56 PM »
All you have to do. Have your method ready to go and do your experiment at C Casino. No need to wait til the next day to play again, after your 1% profit......write your info down and start again.

Do it over and over and over
 

BlueAngel

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Re: Aiming for 1% of profit every day
« Reply #6 on: October 13, 2018, 07:56:56 PM »
This suggests thaL we should aim for a bit more than 50% of our table betting bank.  In your case of  51% ? An average  Win at 1 table  Lose  at 1 table leaving a net 1% ,

This is correct in theory, variance cannot be contained/limited within our own fixed standards, there will be days which you could achieve better than 51% net and days that you will lose because your BR will be eliminated before you reach +51%.

On good days you'll win less than what you could, on bad you'll lose more and this will happen thanks to your predetermined limits.
The only realistic target is to leave the casino with anything more than your BR is, don't make the mistake to put it in fixed time/money limits because variance doesn't cooperate with them.

There is no solution in the quantities.
 

BlueAngel

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Re: Aiming for 1% of profit every day
« Reply #7 on: October 13, 2018, 08:03:09 PM »
If you don't believe me then simply do, even without money, the following:
Take your method to a casino and play it for exactly 1 hour or 100 spins every time.
You will end with all kind of results within that specific time limit.
Instead of 100 spins you could do it with 100  units, again you will have all kind of results within this fixed limits.
 

mr j

Re: Aiming for 1% of profit every day
« Reply #8 on: October 13, 2018, 08:15:19 PM »
100 spins is much better than 100 units, IMO
 

BlueAngel

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Re: Aiming for 1% of profit every day
« Reply #9 on: October 13, 2018, 08:31:49 PM »
There is no difference Ken, in both cases you could lose or win, in units it would be fixed money.
 

mr j

Re: Aiming for 1% of profit every day
« Reply #10 on: October 13, 2018, 08:41:44 PM »
We are talking about TESTING, correct? So testing means you are not sure of the method holding up.

Large units, small units.....I would use SMALL units for testing and CONCENTRATE on 100 spins. I dont test in terms of TIME or UNITS.......spins only.
 

rimsky

Re: Aiming for 1% of profit every day
« Reply #11 on: October 14, 2018, 07:25:19 AM »
Assuming that we have 1000 units of BR, do you think it is easier to achieve 10 units consistently every day?
Why don't try to win a single 1 (bigger unit) every day? Because it does not work anyway.
Me too was a big fan of this kind of approch but it doesn't work. The day comes when you lose four, five, ten bets in a row, or are stuck in a losing intermittence that finally leads to loss. There are sessions where you never go ahead with any profit. Even very prudent and apparently resilient progressions like bread-winner, for example, eventually are going to fail on the medium run.
« Last Edit: October 14, 2018, 07:27:32 AM by rimsky »
 

MickyP

Re: Aiming for 1% of profit every day
« Reply #12 on: October 14, 2018, 10:43:33 AM »
Rimsky, you state that this approach of earning a small amount every day does not work. We can only learn why not by evaluating where you went wrong trying this approach. Will you be able to give us a detailed summary of how you went about this?

As a counter measure, I will present my method of winning small amounts that will allow players to make a decision as to the effectiveness of such an approach through comparing both presentations.

One point to consider is the method/methods you use to attain your goal. Like the statement Ken raised "If you can't make a living from your method then it's rubbish"; This statement speaks volumes.... ;D

Accumulating small wins works for me.
« Last Edit: October 14, 2018, 10:47:06 AM by MickyP »
 

rimsky

Re: Aiming for 1% of profit every day
« Reply #13 on: October 14, 2018, 10:57:01 AM »
MickyP,
accumulating small wins works for me too, and I believe it's the right way to approach money management in roulette (and gambling in general). Small wins in term of ratio between units won and session bankroll, not in term of money.
Maybe I expressed badly my thought about the question of the OP.

"Assuming that we have 1000 units of BR, do you think it is easier to achieve 10 units consistently every day?"
The point is with that "every day". There are people who think they can win EVERY DAY just because they see their goal apparently very small, just as 1 unit, or 1% of BR. I guess (well indeed I'm sure) you can't win every day even if your win goal would be 0,000001 of your bankroll. Because, simply, are gonna be sessions when you lose, when you never will be ahead and if you try to recoup you'll go down and down and finally you wipe out your session bankroll.

I would answer that question: If your win goal is set as 10% of your BR o 1 big unit for session and you play a reliable system (not HG but neither random bet) most of the times you'll win and you'll win very fast. But occasionally you'll meet an infernal session that could wipe out all your previous profits. So the point is to set a suitable win goal/stop loss ratio, built on experience. It's ABC roulette, of course.
« Last Edit: October 14, 2018, 11:13:19 AM by rimsky »
 
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anil26

Re: Aiming for 1% of profit every day
« Reply #14 on: October 14, 2018, 12:08:45 PM »
So
As we see constantly win is not possible at all, even when we try for a small return,
I just want to know if anybody here have won constantly
Whether with one plan or multiple plans, but have made constantly
Thanks