MightyOne wrote:prochargedmopar wrote:MightyOne wrote:I am buying a 6' craps table to test Space Wars money management in a truly random environment
If one sticks to place bets, lay bets, and hedging then it should be little different than a market environment.
Control is the name of the game, you decide: when to bet, how much to bet, what stays up, & what comes down.
Statistically, a shooter is good for 3 rolls of the dice before rolling a 7.
How many rolls before a shooter wins on a point when betting the pass line? 3.7 rolls (From the Wizard of Odds himself).
The Bible says that where there is true randomness there is no randomness at all for every decision belongs to the Lord:
Proverbs 3:5-6 Authorized (King James) Version (AKJV)
Trust in the Lord with all thine heart;
and lean not unto thine own understanding.
In all thy ways acknowledge him,
and he shall direct thy paths.
Perfect opportunity for a skype/google group chat with your space pupils.
Afix the camera to the table.
Go around the horn rolling the dice and then asking each student what bet is to be placed.
It matters not who does the rolling or spinning in this environment.
Nothing to do with technicals yet everything to do with trading MM and Mindset.
Now that's my kind of gambling lesson.
Only I am not teaching anyone anything, I simply share ideas. Students are a pain in the ass, probably worse than taking care of a baby...
You've given the formula.
How bout a virtual game of craps?