Blackjack ROR and Bankroll: A General Discussion Thread

Quote:
Originally Posted by ohbehave
Plain and simple... We like talking about blackjack and AP related topics. Thats why we're here. So someone makes a post and then we talk about all the stuff we've already talked about 1000 times... because we like to.
Quote:
Originally Posted by Tthree
Here is the actual definition of your BR:

Your BR is how much of your net wealth you are willing to lose before abandoning the idea of AP blackjack.
Whatever your bankroll, which is a set amount, whether it's your entire wealth or a smaller amount, say $10,000, my idea of ROR is the chance of losing that amount before doubling that amount. If you double it, theoretically, you now have two bankrolls. I'm assuming of course that you did not change your bankroll amount or your plan for game min and max bet anywhere along the line, which as a practical matter probably does not often happen. But for me, its more of a conceptual thing that helps one get in an acceptable ballpark for actual play.

Source.

 

That sufficiently sums it up, Sparky bad-dog.

 

I lost my original bankroll of $5,000 in one week of play in Atlantic City in 1990 (give or take a year or so). I played foolishly and even though I was an excellent counter I chased my losses and bet way over what I should have. I was in the mindset of "well, I have to start winning, I'm due."

Then the Captain sat me down and explained how to deal with my bankroll and to sum up: Small bet to big bankroll. He was a believer that you cannot worry about losing money and if you were worried you either quit playing or you make sure your bankroll is so big your worries go away. My second bankroll, which I've been on for 25-years, would take a massive losing streak and our sun becoming a nova for me to lose. And that means I went from a $5 player at blackjack to an average $100-$1500 player. (I must confess that I do not play much blackjack anymore as I can't stand the games and the novelty, after a quarter century, has totally worn off.)

 

Frank, ho does one calc BR for DI?
Counting BR is fairly straight-forward.

 

Has anybody managed to build a bankroll off free chips or bonus offers that turn up from time to time?

 

There's a mathematical way and that is in my Beat Blackjack Now! and there is an emotional way. I use the emotional way. I need a bankroll so big that the "Rapture" will come before I could ever lose it. That first loss of my bankroll hurt.