Roulette Bankroll

This is a great question @Denzie and one for me that creates some paradoxical viewpoints depending on ones perspective.
The psychological factor of value becomes crucial to an acceptable outcome.

What is my time worth? What is my perception of the value of my bankroll? Are you thinking in units, percentage or pounds/dollars/euros?

Example A: I'm playing for 1 hour online play, $100 bankroll, low units. The perception of my bankroll is low value, the value of my time is low and I can complete several sessions online play. I wouldn't be happy with $10 profit/10% return for that time. I'd probably be looking to double the value of my bankroll over several sessions for it to feel 'worth it'. I may take bigger risks in each session beyond the first new high balance on a win.

Example B: I'm playing for 1 hour online play, I've borrowed $10,000 bankroll from someone. The perception of my bankroll is high, the value of my time has become high and I can still complete several sessions online play. That same 10% return is now valued at $1000. I can probably make it one session with less risk on the first new high balance. I pay the creditor back quick and walk away with a quick safe $1000.

So you can see the point at which you 'walk away happy' is massively different between the two situations depending on a persons perception of value and risk.

The risk/reward ratio and psychology varies hugely depending on the value of the reward to an individual. Yet the same 10% outcome could be achieved with lower risk in each example.

For an investment banker to return 10% for their clients in a year would be a successful year. Of course thats handling millions/billions.
Yet that same 10% return on a gambling session with a bankroll that has a perceived lower value for many wouldn't seem worth it. Its that psychological gambling hurdle that pushes most to take higher risks and eventually wipe out their bankroll and conclude 'that doesn't work'. But its okay, it was just $100 down the drain. I'll try again next week with a new method.

 

For some reason gambling creates a different mindset in people but I can't quite figure out why. The person that would shop for a new flat-screen TV for $300 will look around for a month comparing prices making sure they get the best deal possible. That same person will walk into a casino with $300 and no plan in mind whatsoever blow the whole thing and shrug their shoulders. Why doesn't that $300 deserve the same respect as it did when they were looking for a TV. What is it about gambling that instills this in people. I won't play unless I know exactly what I'm doing and my goals are set firmly in place.
I have a friend who's older than me who's the flat screen TV guy except when he goes to the casino. Then he'll sit in front of the slots till all his credit cards are maxed out. It's like he has two different personalities. The money he has outside of the casino is worth a huge amount to him and the same money inside the casino seems to be worth almost nothing. It makes no common sense. He only quit going when his wife threatened to leave him, that's how bad it got. I made the mistake of giving him a ride there once and ended up abandoning him cuz he wouldn't leave.

 

A few reasons.
One is that the TV has a set price/expectation and therefore you can look for deals, while the casino
has no known outcome whatsoever for most people. You could walk out ahead or lose it all - there's no defined
goal for most people so it can't be the same situation.
Second is that gambling is an addiction for a lot of people. Like most drugs/addictions you might be ok
winning $10.00 the first time, the second time the addicted person needs more, then more - there's
always the need for more, and if it's more profit or more loss doesn't seem to matter. Some people
are addicted to losing as well.
Just my opinion.

 

yes Mike it makes no sens why someone will drive a few extra miles to a different gas station to save a few dollars because a gallon of gas is at 3.50 and the other at 3.55 per gallon.
my opinion is that most humans are irrational and dont leave in a real world. the fact is that our ego needs to be satisfied with garbage way too much. just read how much time is spent on "impressing" others and stupid arguments on forums ,yet so little time on real down to earth issues.
something else I like to point out is this ; Most of us, pros or not, smart or not, reckless or not ARE addicts here.
even if we said "we dont like to gamble" and only take calculated risks, we are still addicted.
now ,I am one of those, and I think it is in our nature to be addicted to what ever we enjoy doing , bridges, buildings, businesses, ect....are all built because of those passionate/addicted people, and I am okay with it.
I think we better be good at gambling if we dont want to end up in the poor house, and seriously, that is my advice to all. we have better get very,very good at this craft, or else......
if any of you dont think of you as not"addicted", just try to give it up for a year and see how easy it is. all of us here are a proof , a result, having sacrifice precious time, money, emotional balance ,to feed this beast the game of finding "The Way" to beat the Giant.
Bankroll is the blood that needs to exist to feed our passion to play and so we better get that in control, unless you are a Millionaire and just dont mind losing a lot. and yes we are a one of a kind spicy , where we would blow a thousand units yet will hesitate to tip the waitress a dollar, or the vallet even, go figure.
and we are wondering what the right amount or formula should be used . these days before I decide as to where should I trow the towel in term of what my losses should amount to, I try to think of "how much is my average session win", or in other words, how much time will it take for me to make up for a loss ? that simple question really keeps me in control and allows me to stop a losing session a lot easier, and I know it is easier said then done. but to each his own, and we need to keep our big bankroll alive or we lose more then just a battle, like the "war".
the last time I blew my self-control at the casino along with my bankroll , I said "I am too old for this shit !" and that was it. took me ten sessions and a lot of work to make it up, but I did it and it could of been so much easier taking a smaller loss.
so the bankroll is like "our Queen" and must be kept alive at all cost, and that is why we do what we do, and learn daily.
and ten years ,twenty,thirty years of Mistakes is a very long time to invest if we dont learn a thing.
some of us I bet are "super talented" in this science of "winning", and if we do get better and better at it , lets be proud of it, and we should strive to help those who are serious about learning who are around us, without getting a big head always thinking our way is the only way, its not and never will be.

God Bless,

 

It seems that betting your last dollar on something is more relevant to the younger generation.

 

Every lifestyle is an addiction.

 

Some like khm to swim in poverty, some fly in riches, some returning to prison, some staying a purist, some whatever.

What makes your addiction .. better than mine ??

 

its ok

 

thanks for the answer.

 

Why even set a win goal? They are nothing more than a distraction. A folly that can lead you down a path to potential ruin.

Just play until you're too drunk to continue. If you leave after winning 1 unit you're gonna miss out on a lot of free drinks.

 

a good solid method has to be adequate with a bankroll that let you go through the desert (drawdowns) and keep well until things turn around, as they always do. I dont care if I have to play a progression or not, to me the only thing that matters is the outcome, winning.
I think that by now, no matter what my bet selection is, I wont avoid going through the desert.
but having a 500 units bankroll gets me to have played 300 numbers without nothing but a single hit to get a profit. I can live with that.
and even if by some terrible bad luck it would take me another 100 numbers played to get to my wins it would be okay.
if you play inside numbers like you play outside numbers it adds on that extra extension needed that you cant play on the outside and would kill your bankroll, not counting that it has to be bets that dont drive you off the wall and can be placed in real life, real tables, or fair stadiums.
so that transfer of placing numbers from outside to inside is way under-rated. perhaps the weakness of the wheel .
Cheers,

 

Perhaps with age comes experience, the fear of staying as poor as a church mouse.

 

is that the actual 300 numbers .. or 300 outcomes; I guess the first, innit?

 

Thd , I mean "numbers" played. actually one hit can get you in profit played 200 numbers(not 300) unless you use a 1500 unit bank (my mistake), but still is pretty safe. I am not one to like to use complex math in order to get the job done.
martingales and parachutes are perfectly okay to get the job done.
and on top of that picking hot numbers or DS, lines, ect.... do add extra power .
and I know that you know that. the challenge is to decide which way is better, and it is a challenge only because it keeps your mind on always "analyzing" instead of "actual playing" and can litteraly eat up precious time of your life day after day.
we have enough infos to just "get results" and get the job done.
and whatever way one's choose to do, he must commit himself to go all the way with it , and that is not for every one, exept the "die-hard" of winning the fight.
a 5 step Marty allready gives you about 100 numbers, but even that is scary to some players.
you and I know we can work a MM to get a extra 100 numbers.
and third any 100 numbers left could be taking care of with other plays using a divisor and get you back with a profit with a minimal amount of hits.
that is the only way I know, and you know it just as well, to get a "guarranty" win for a session.
but it does not mean one cant take a loss at some level ,start over, and still win long term.
these days I want to spend more time making money then reading more and more on forum, it is done and too much time consuming.
the commitment with real money is everything , and not to back off once you are in is the "muscle" that must be strenghten.
I admit after years of reading and learning your mind becomes too "loose" and can get distracted by too much data sometime.
a good enough bank and focus is all that is needed. personaly a 2000 unit bank is peanuts if you really think of all the money a typical player lose in a period of year or years of playing the game. unfortunately once he get the experience needed, he suffers from PTSD and now decide to never lose then 200 unit in any one session, go figure.
sorry for all the mambo-jambo Thd, coming back to earth, yes, like you, I count numbers played, and that is a good measurement to predict the future.
God bless,
R.

 

Very much like ↑ raw stuff.



Although still puzzling .. but having a 500 units bankroll gets me to have played 300 numbers without nothing but a single hit to get a profit. I can live with that.

Perhaps you wanna email me the 500u → 300ⁿ → 1 hit details?