Machine Choice and the Heaven's Gate Bankroll System

[Machine Choice]

I have received alot of PM's of people asking me to either email my plays, post on a Twitter account, keep a spreadsheet, etc. I have also received some sad gambling stories in the PM's. I usually don't respond to PM's or even open them. But here's what I will do:

I will post my daily play for ALL sports in this thread. I will also post how much I am wagering on the game. I will track my bankroll here.

The bankroll management I will be using is called Heaven's Gate, which is a variation of a basic single-deck blackjack bankroll management system. The premise of the system is this: each day you make one or two strong wagers (never more than two!). When you first start using the system, simply take your entire bankroll, divide it by 11, and place your first wager.

If your first wager wins, repeat the bet for your second wager. If the second wager wins, increase the next wager by exactly one-half of the previous wager. Example: wager $100 (win), wager $100 (win), wager $150. If your third bet wins, repeat it for the fourth bet. If the fourth bet wins, increase the fifth bet by one-half of the fourth bet, etc...This continues on in this fashion until you lose a wager.

Any time you lose a game, you divide your entire bankroll by 11 and repeat the process.

[Machine Choice]

I will continue to do individual game write-ups in football outside of this thread. But I will post those plays in here and track them in here.

I am currently on my fourth bet in a winning series.

Starting Bankroll: $2,045
Current Bankroll: $2,104

I will post today's play shortly. It will be a baseball game. If anyone is having a hard time with their handicapping and/or money management, I recommend checking in here, posting your starting bankroll, and playing with me. You will make alot of money. The only times I have ever lost money is when I foolishly went all-in. Patience is the key.

[JassieJames]

So, in other words one bet is 1/11th of your bankroll?

So two bets is 18% of your bankroll?

[edgereport]

Just bookmarked.................

Thx for all of your work. It's very much so appreciated.

[Joe Sharp]

[Machine Choice]

So, in other words one bet is 1/11th of your bankroll?

So two bets is 18% of your bankroll?

Yes, the first bet is 1/11th of your bankroll. But notice: you are only increasing your bet during WINNING streaks and decreasing it during losing streaks. Alot of people do the opposite (unfortunately). They double-down after a loss or start chasing. Hey, I've been there too. It took me several years to get disciplined.

[celtics12]

sounds like a good time...ive been tailing so what the hell..current roll is 381.24

[miketp223]

Relating to the Heaven's Gate System:
The blackjack book i read said keep your base bet($5) as you keep winning for the most part but once you get your 1st loss you move to $10, 2nd loss in a row $22, 3rd loss in a to $46, so actually increase as you keep losing. The odds of the dealer winning 5 times in a row is about less than 6% of course depending on how many decks you're playing with and if you're playing correct. Of course blackjack has to do with cards so odds come more into play than with sports betting which is based on human perspective and selection. In sports betting if you're winning all your games at a higher than 70% clip then eventually one week the basis for which you place your bets will eventually not work and you will lose, so if you know this you can fade yourself and bet less as you keep winning.

The doubledown after each loss is the Martingale system, definitely not worth it especially if you have a small bankroll. Theoretically with an infinite bankroll you could double down after each loss, what are your chances of getting 15 losses in a row?

Kind of just off topic just thought I would share some information I've gathered about blackjack betting, but In my opinion sports betting is completely different because you can make a educated decision to support your pick. For example with a coin flip there's a 50% chance to get either heads or tails in the Long Run. Suppose you blindly pick LSU +4 at Oregon, there's a 50% chance disregarding the slim chance of a push that you will win. If you actually do research and look at stats and find a edge then you can increase your overall chance of winning.
Being good at sports betting > than being good at blackjack.

Sorry if I threw your thread off, just wanted to provide a little insight.

[bb_skoots]

^^^^^

c'mon man, don't spoil this.

[blue.eyed.tuna]

Yes...and his theory is more like a reverse martingale/labby which is a safer way to go. Chasing puts your lights out.

[SteelerNation704]

Do you increase again after winning the third bet in a win streak, or do you wait to win two in a row at the new value first??

[figue]

its like a reverse labby

[Machine Choice]

Do you increase again after winning the third bet in a win streak, or do you wait to win two in a row at the new value first??

You always wait to win two in a row at the current value before advancing to the next higher level.

[figue]

any play for today ??

[klrqn]

that's a really good system, thanks for the insight choice! i'm in my 3rd season sports betting and while i've come out ahead for the most part i do have a hard time staying disciplined and not chasing my lost bets. so i'll try it out!

[khaden]

Thanks Machine-between you and homo you guys are truly saving my ass!! I really appreciate what both of you are doing. SBR needs more guys like both of you-people who can actually cap, win consistently and lead the charge against the books-well done!!

[Machine Choice]

9/13/11

Brewers/Rays parlay

$240 to win $251

[figue]

its like a reverse labby

The Reverse Labouchère or Reverse Labby, was made famous by an English gentleman called Norman Leigh in the sixties.
Norman Leigh subsequently wrote a book about his experiences in 1975. His book is called: “Thirteen against the Bank”. Monsieur Leigh writes about a run on a casino that he made with a team of thirteen down on the French Riviera. The casino was the Casino Municipale in Nice and the whole operation netted Norman a tidy profit and a lifetime ban from every casino in France.
In the Reverse Labouchere you bet more after wins and less after losses. Compare this to the Labouchere System which is the other way around (you bet more after losses and less after wins). That´s why it is called the Reverse Labouchère!
Now let´s just recap on the basics of the Labouchere. Prior to starting, before the beginning of your betting session, you write down a progression of numbers... let's say 2, 3, 4, 4, 5 to keep it the same as our example in the Labouchere. The system is the same apart from in reverse. Add the the first and last digits of your sequence to get your first bet amount. So with our example above, we would have 2 + 5 =7.
Now in contrast to The Labouchere, if you win the bet, you add the first and last numbers of the sequence and stick the new number (in this case 7) on the end of your sequence. Your next bet is 2+7 = 9. If you LOSE, you stike the first and last numbers off the progression and this then generates your next bet level. So say we lost on the second bet (remember our sequence is now 2,3,4,4,5,7,9), we would knock off 2 and 9 leaving 3,4,4,5,7. Adding the first and last two numbers gives us 3+7=10.
Continue with the sequence until you have
1. Hit your profit target
2. Hit your stop loss limit or
3. You have whilttled your sequence of numbers down to 0.
By reversing the system, Norman Leigh was attempting to capitalise on winning streaks.
Does this system work? Well, put it this way, it won´t alter the odds of the game in your favour (no system will). Also, there is an interesting conundrum here. We have 2 systems. The Labouchere and The Reverse Labouchere. They can´t both be right! In practice, both may work for you at certain times. It just comes down to luck again, I am afraid.
If you are going to use this system, we advise you to use it with caution, as we advise all of our visitors on systems. Test it first, preferably on a free play roulette game. Then if you want to have a punt, bet low to begin with and keep your risk manageable (just as with the Labby, you can manage your risk down by including lots of low integers in your sequence. Then your bets won´t add up too quickly).
The good thing about the Reverse Labouchere, is that you limit your loss (because you strike numbers off your sequence if you lose). So if your bets start to ramp up, it is because you have won the previous bets. But you need to be strict with yourself and pull out when you have reached a pre-set profit target. You are always in danger of losing your next bet which will wipe profits out.
And do you want to know a top tip for making The Reverse Labouchère an infallible system. Use only 0s in your sequence, and you will never lose a bet. This makes the sequence completely risk free! (But on the other hand you won´t win anything either).

[figue]

9/13/11

Brewers/Rays parlay

$240 to win $251

[JassieJames]

Looks like an interesting system. I am looking forward to your picks and seeing what becomes of the system.

[LasVegasLord]

Brewers/Rays

[Machine Choice]

Looks like an interesting system. I am looking forward to your picks and seeing what becomes of the system.

I have gone on long winning streaks before, but I've never lost more than 5 in a row. I have had bad stretches before though. The key is to get through those without chasing or going all-in, in order to get back to the winning streaks.

Check this thread pages 28-32. I won 11 in a row using heaven's gate and my bankroll went from $3,990 to $12,741 in 6 days.

http://forum.sbrforum.com/ncaa-basketball-handicapping/126412-machine-choice.html

[Machine Choice]

9/13/11

Brewers/Rays parlay

$240 to win $251

Starting Bankroll: $2,045
Current Bankroll: $1,864

[JassieJames]

So are you going to post plays everyday and which sports do you try to play? I am really intrigued now. Too bad tonight's play didn't work out but I am looking forward to a long grind. My starting bankroll is much less (about $150). But looking to to have fun watching the games and hope to make some money as well. Thanks for the insight.

[Brutus84]

Machines Bankroll will be depleted assuming picks on most of the days. Ov/Under 14 days? I am taking bets as we speak.

[Machine Choice]

Machines Bankroll will be depleted assuming picks on most of the days. Ov/Under 14 days? I am taking bets as we speak.

Alright, troll/hater #1. I expect there will be many more. Come on out.

Deposit free-play $150/$50 cash deposit

Starting Bankroll: $2,245
Current Bankroll: $2,072

[Brutus84]

Good luck though, I do not want to see anyone lose....

[Hitchens]

I'm with you, Machine. Haters gonna hate, regardless. Pay them no heed. Overwhelming majority of people are with you.

[chrisharvard01]

Machines Bankroll will be depleted assuming picks on most of the days. Ov/Under 14 days? I am taking bets as we speak.

Get the f_uck out of here, rookie.

[khaden]

This has just be proclaimed a troll free thread- all those in favor say "I" let's focus on winning $$$&

[MartinBlank]

Every single thread on SBR---has people who are going to bust on everyone. It is the very nature of all boards. You can either ignore it or let it piss you off. Best just to ignore anyone who is driving you insane.

[playr101]

Sounds interesting... GL

-playr101

[Brutus84]

Rookie to the forum, not to the game. Sorry, maybe I should have joined a few years ago. At least in Martins thread he welcomes a little bashing, sorry you guys dont have thick skin. Im certain some of you are athletes, huge ego..thin skin.. hence all the twitter posts. Its just amazing how everyone talks about how good they are, they begin to lose. I would almost be scared to post my 70% ATS record last year or that people call me a teaser tiger because I would most certainly fail. Good luck, sorry you have thin skin Machine.

[Machine Choice]

Rookie to the forum, not to the game. Sorry, maybe I should have joined a few years ago. At least in Martins thread he welcomes a little bashing, sorry you guys dont have thick skin. Im certain some of you are athletes, huge ego..thin skin.. hence all the twitter posts. Its just amazing how everyone talks about how good they are, they begin to lose. I would almost be scared to post my 70% ATS record last year or that people call me a teaser tiger because I would most certainly fail. Good luck, sorry you have thin skin Machine.

You can post whatever you want. I don't give a shit.

[Machine Choice]

9/14/2011

Rangers/Tribe over 10

$188 to win $163