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Blackjack maintaining bankroll? what do you do?

Discussion in 'Blackjack Forum' started by carib82, Jul 9, 2019.

  1. carib82

    carib82 Guest

    here is a question when you win a hand how do you manage the money?
    Do you take anything you have won and move it into a separate winning pile or do you maintain your bankroll?
    For example if you go into the casino with two hundred do you recycle the money you make back into that bank roll to keep it at 200 as long as you can or do you pull anything you make out and count it as a winning and does it remain untouched.
    I have been keeping a ethos of anything that goes over my original funds as a profit and pulling it from the table and I will work to maintain my original amount as long as possible and when i double my money I will then stop worrying about maintaining it and take everything I win from there on out as profit.
    Are there better methods anyone has?

    Source.
     
  2. soxfan

    soxfan Well-Known Member

    Joined:
    Dec 29, 2016
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    Location:
    FrozenTundra
    Bankroll is king so do yer best to protect it! It's an individual thing and some cats just skim off all profits and other cats prefer to re-invest profits into bankroll until they play at a base units size that gives them sufficient profits, hey hey.
     
  3. Nathan Detroit

    Nathan Detroit Well-Known Member Founding Member

    Joined:
    Dec 25, 2014
    Likes:
    2,089
    Net winnings are placed n a separate pile and not being touched.

    Win goal is at 15 % of Bankroll .


    Loss limit is set at 25% of Bankroll.



    ND
     
  4. soxfan

    soxfan Well-Known Member

    Joined:
    Dec 29, 2016
    Likes:
    842
    Location:
    FrozenTundra
    If a cat got a winning style then it is silly to set stop win/loss limit. Just treat it like a business, play Mon-Fri, and set a limit in terms of how many shoe or hour you gonna play and stick to it to instill the discipline, hey hey.
     
    Junket King likes this.
  5. gizmotron

    gizmotron Well-Known Member Founding Member

    Joined:
    Jan 1, 2015
    Likes:
    3,044
    Occupation:
    Retired
    Location:
    The West Coast of USA, RV'ing
    Back in the Spike days, where I was flat betting 50 /50, basic coin flip type games, I could play on $5 minimum tables. I would buy in with one stack of red chips, $100. I needed at least to pay for the gas to and from the casino. Then there was the psychological effect that I wanted to earn at least twice as much had I worked the same hours of driving there, playing, and driving back. That came to seven hours. This is generally what happened back in the early days that I was working out my methods over at GG. I was hunting for the giant trend. It did not matter to me if I lost a few hundred dollars. I knew if I stayed long enough that a monster win streak would form that I could hammer with bigger flat bets. Some times this would happen twice in a day. But what I was passing up all the time is that I never lost if my goal was just to win up to 30% of the original first stack, flat betting the hang in there waiting bets of $5 per spin. I always reached about 50% or $50 at some point while waiting for the big one to come along. I would often just buy new stacks until the big chance came. So my style back then was to always dig a big hole to get out of during the big winner.

    You must know your betting strategy in order to determine your bankroll size and number of bankrolls you can lose in order to reach what you want and expect to earn from playing. I later in life learned that always winning a small amount was actually what I really wanted from playing. I determined what was enough to make the trip worth the time. Now days you can play on a live table with no overhead, online. So my win goal is easy to achieve for a day's session. I still keep up my trips to the live casino, just so that they will comp me free rooms. If you get several casinos comping you then you can comp your way to a week or two trip to the ocean once in a while. But my method, some of you would call it MM, is to win from 3 to 7 net wins per day. All you need then is simple arithmetic to determine the size of your lowly flat bets. If I bet straight up on each of 18 numbers with $5 chips then I bet $90 as my lowly flat bet. It takes you to $270 if you just net 3 wins and go. That can take from thirty minutes to three hours on a B&M table. What's funny is that it won't give you much comp from the pit boss but hospitality will put me in a few free rooms a week. With free rooms running a little over $120 per night it's a monster sized comp. My playing points are only worth at the most $15 to $35 per day. But those three net wins are enough if you know you will win them almost every time you play a session. I use the virtual bet. That is a non monetized bet selection. It goes down as a win or a loss in my chart. I'm very good at hunting the big or medium sized win streaks. But I never dig big holes to come out of any more.

    You need to know your limitations and what you need to achieve from your sessions in order to then know your bankroll size. For me it is simple. I carry seven net losses per day to a casino. If I'm in a win streak then I might try to get to seven net wins. If it's a trudge war then I will quit at three net wins. If I lose all seven net wins, at $5 chips that's $630, then I have hit a swarm of first attempt losses. It's a known phenomenon of randomness. You can know if you are in a good patch or a bad patch. You must protect your bankroll. If all you have is three bankrolls of say $2,000 then you must not dig holes to get wins. My over all win ratio must be 2 to 1 or better in the long run big picture. The odds are less than 50/50. I know I will lose the occasional session. It's part of randomness. So I just make sure that I never drop below $2,000 for my usual $270 to $630 session win. The rest I pocket for expenses, taxes, and fun money.

    Everyone is different. Most people don't know about human nature and greed. They go just to feel good about staking up mountains of chips. They dig huge holes. In other words they are not grinders like I'm suggesting. This comes from years of playing experience. I needed to stop the radical roller-coaster ride. But I still get a kick out of listening to war stories on gambling forums where magic happens. I watch people when I play. I try to watch their big picture methods. It is actually fun to watch a dare devil or a crash test dummy when they are surprised at the eventual outcome. That's cheap entertainment but it's free, so what the heck.

    To know your bankroll limits and rake you must know how you are going to get it and what is enough. But you really owe it to yourself to go through a period of just blazing away in some kind of magical, feel good, time of your life. It's not really experience until you eat shit. People that surf pipe have gone head first into the reef enough times in order to earn the right to be there. I cartwheeled down a 55 degree ski slope for more than a thousand feet completely with Issac Newton in the driver seat. I know what it means to earn my place. I just can't tell you something and understand it for you too. You must understand some things just by doing it. This is where I ended up. It's enough to grind out my passion. I hope that you long timed players get what you want from playing. It's not the game that you are playing but the game that goes on inside your head. Surf's up dudes...
     
    Nathan Detroit likes this.

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