Going Pro with 100k

[Hell'nBack]

But why should anyone believe you?

 

[BoSox]

The key to the virtual / replenishable BR is that the monthly contribution must continue even well-after the inevitable positive upswing approaches a reasonable actual BR...
... Failure otherwise will undermine the conceptual integrity and render it a hail Mary.

But why should anyone believe you?

I believe xengrifter's post is very good and self-explained. Until the player already has reached an actual and reasonable playing bank he is still playing to a big risk. Building that bankroll is of utmost importance, priority number one. If you committed yourself to build a playing bank from two sources which are winnings and monthly contributions what good is it if for example on a winning month of say $1000 you decided to forego your own monthly allotment which was also $1000 and the following month you lose $2000? What happened to priority number one? There is a huge difference of having an actual playing bank or possibly approaching one.

 

[KewlJ]

I believe xengrifter's post is very good and self-explained. Until the player already has reached an actual and reasonable playing bank he is still playing to a big risk. Building that bankroll is of utmost importance, priority number one. If you committed yourself to build a playing bank from two sources which are winnings and monthly contributions what good is it if for example on a winning month of say $1000 you decided to forego your own monthly allotment which was also $1000 and the following month you lose $2000? What happened to priority number one? There is a huge difference of having an actual playing bank or possibly approaching one.

Of course Xengrifter's post is a good post and well explained, as he can do when he stays on topic and takes things seriously. The problem is that Hell'nBack doesn't like Xengrifter for other reasons so he "demonizes" him. There is a lot of that going on, on many different forums, as you know BoSox.

 

[BoSox]

There is a lot of that going on, on many different forums, as you know BoSox.

Yes, absolutely, it is a jungle out there with all kinds of agendas going on. Some people can get away with saying almost anything they want that is offensive without being punished while others always seem to get suspended for saying the exact same type of "or even less serious" infractions. Complete bullshit.

 

[21forme]

Of course Xengrifter's post is a good post and well explained, as he can do when he stays on topic and takes things seriously. The problem is that Hell'nBack doesn't like Xengrifter for other reasons so he "demonizes" him. There is a lot of that going on, on many different forums, as you know BoSox.

Surpised you are supporting him, especially after that unfulfilled promise discussed via PM a few months ago.

 

[KewlJ]

Surpised you are supporting him, especially after that unfulfilled promise discussed via PM a few months ago.

I don't think I am supporting him. He made a promise to you and I, a couple months ago that he didn't keep. That was disappointing but not all that surprising was it? I think we all knew he wasn't much of a man of his word. And I think less of him for not keeping his word.

But I am able to separate that from the fact that he posted a good explanation of the topic being discussed, that was clear and probably helpful to some players.

 

[Counting_Is_Fun]

Yes, absolutely, it is a jungle out there with all kinds of agendas going on. Some people can get away with saying almost anything they want that is offensive without being punished while others always seem to get suspended for saying the exact same type of "or even less serious" infractions. Complete bullshit.

I have to agree with you on this. I don't post much, but am pretty disappointed by what certain people get away with on all forums. I agree, it's complete bullshit. Must be other agendas involved.
I started reading all forum archives a few years ago, so I "know" most posters. Somehow I thought it would be a lot different...but hey it is the internet I guess lol.

 

[KewlJ]

Must be other agendas involved.
I started reading all forum archives a few years ago, so I "know" most posters. Somehow I thought it would be a lot different...but hey it is the internet I guess lol.

There are agendas involved....and that is not limited to posters. And unfortunately some forum archives are not an accurate record, with posts having been altered and deleted.

I can think of one poster, who made mathematically impossible claims that were later debunked, that was able to delete quite a large number of his posts that made him look bad.

And I can think of another member of a forum that had posts removed long after he was banned. Posts that showed he was right to have challenged claims that were later proven false.

Now THAT is an agenda!

 

[xengrifter]

I don't think I am supporting him. He made a promise to you and I, a couple months ago that he didn't keep. That was disappointing but not all that surprising was it? I think we all knew he wasn't much of a man of his word. And I think less of him for not keeping his word.

Stop it, it's just a case of procrastination, and
thank you for giving me a little kick in the ass.

 

[KimLee]

the monthly contribution must continue even well-after the inevitable positive upswing approaches a reasonable actual BR.

You don't need to keep working if your playing EV is higher than your working wage. You just need to be willing to go back to work. Many pro gamblers took longshots when they were young, until one finally hit.

 

[Raven]

You don't need to keep working if your playing EV is higher than your working wage. You just need to be willing to go back to work. Many pro gamblers took longshots when they were young, until one finally hit.

Hmmm.. What do you say EV should be to make it worth it? I guess "worth it" is subjective. Relative to the national average income, what is that about $35k-ish a year?

 

[BoSox]

You don't need to keep working if your playing EV is higher than your working wage. You just need to be willing to go back to work. Many pro gamblers took longshots when they were young, until one finally hit.

KimLee, in spite of being a fan of your forum history, I have serious reservations about the above quote. The problem with all of that is positive playing EV is not an on-time reliable source of income like a job is. When you really need that money after unexpectedly experiencing some serious negative variance, while you also have already quit your job can be a double hit on you. Then you either ask for your old job back or you try to find a new one, again not a quick guarantee.

 

[RayReddington]

KimLee, in spite of being a fan of your forum history. I have serious reservations about the above quote. The problem with all of that is positive playing EV is not an on-time reliable source of income like a job is. When you really need that money after unexpectedly experiencing some serious negative variance, while you also have already quit your job can be a double hit on you. Then you either ask for your old job back or you try to find a new one, again not a quick guarantee.

Well I think you're applying the comment a little broadly. It's pretty simple if your EV is more than your job...what's more profitable? But that doesn't preclude being properly bank rolled...

 

[BoSox]

Well I think you're applying the comment a little broadly. It's pretty simple if your EV is more than your job...what's more profitable? But that doesn't preclude being properly bank rolled.

What happens to that EV when a player has to downsize because of losses? His new revised EV may now be less than what he was earning while working, still without a guarantee.

 

[RayReddington]

What happens to that EV when a player has to downsize because of losses? His new revised EV may now be less than what he was earning while working, still without a guarantee.

Get a job...? I mean I'm not advocating "quit job play full time"...simply pointing out the simple truth of Kim Lee's post.

 

[xengrifter]

KimLee is right...
... Provided the BR is correct and the risk is understood and accepted and that you like gambling more than working.
... And, working at a job also entails risk and variance.

 

[Rebecca C]

Hmmm.. What do you say EV should be to make it worth it? I guess "worth it" is subjective. Relative to the national average income, what is that about $35k-ish a year?

Do you know anyone who could survive on 35k a year? I sure don't. Where would they have to live? In a tent in someone's back yard?

 

[KewlJ]

Do you know anyone who could survive on 35k a year? I sure don't. Where would they have to live? In a tent in someone's back yard?

Over the last few years, my living expenses have been in the 35-40k range. My home is paid. So I am not really including much in the way of housing costs, so maybe that is a bit unfair. I mean if I had to rent or pay a mortgage, it would probably be another 15-20k. I live fairly modestly and in a location, Vegas that the cost of living is pretty low compared to other places

But in answer to your question, I think I could survive on 35k a year, It just wasn't that long ago for me, 10-12 years ago, that I was doing so and it was only 15 years ago that I was surviving on 10k a year, so yeah, I think I could.

add on: I guess I should mention that I eat a free meal at a casino every single day, sometimes twice a day.

 

[BoSox]

And I can think of another member of a forum that had posts removed long after he was banned. Posts that showed he was right to have challenged claims that were later proven false.

Now THAT is an agenda!

That same type of agenda continues to this day. Some people are protected while others are silenced. Any thought-provoking thread is sliced and diced that unfortunately HURTS the reader from getting the full complete picture, and that is an agenda! Just yesterday there was some argument taking place among three members with all the usual insults and crap which I stayed out of. In another thread, I asked a newbie a relevant question which was important but apparently considered insulting and was deleted.

This type of thing happens all the time. I think it may be a deliberate attempt at controlling and putting extreme limitations on open opinions. I will never be silenced (everywhere) either way but often feel coerced into speaking up somewhere else that will result in a lifetime barring. There is a long history of lifetime barrings associated with that board and for a damn good reason being silenced. I much prefer to have my say, and my points said on that same exact board but get deleted immediately which amounts to a power grab and a waste of time.

 

[DSchles]

Here's why I disagree. You have NO right whatsoever to the expectation of "free speech" on that board, this board, or any other forum. You post there, here, or anywhere, at the host's pleasure. And whether you like it or not, if the host doesn't want your post to appear, for any reason whatsoever, he has a right to take it down. You, of course, have a right to boycott the site, write nasty things about it somewhere else, or whatever your heart desires.

But the erroneous idea that you can express any opinion you like on a website with a moderator or host is absurd. You have no such right whatsoever.

When I ran Don's Domain for several years, the same policy prevailed. And do you know what? I probably could count the number of posts that I deleted on the fingers of one hand. And do you know why? Because everyone who posted there knew the above rules and knew that if they posted personal insults or shit of any kind, I would delete the post five seconds later. So after a while, people got the idea that it was useless to post such crap, because it would never see the light of day.

Everyone is lucky that Norm is the webmaster and not me, because I'd delete within a matter of seconds of seeing them, myriad posts that still stand on the site.

So, count your blessings!

Don