How much money can be made playing blackjack professionally ?

hi , i am a newbie so expect some newbie questions. i am focusing on the HI-OPT II system right now. Just wondering what kind of money is there to be made out there playing professionally with a sound system and discipline ?
would any pros out there care to comment on the money they make a year playing blackjack ?

i'm from new orleans, anyone ever come play at any of the new orleans casinos ?

thanks in advance ,
---------------------ko
 

The Mayor

Well-Known Member
A lot. How much do you want to make? If you say $200,000, then you are going to have to do some things that are borderline illegal. But that is a very different story from $30,000 -- which is quite straightforward. If I had to "guess" an average number for the full time travelling/working pro, it would be in the 50k range.
 
i noticed you said traveling. would it be a bad idea to frequent the local casino ? here in new orleans we have the harrah's casino which is about 10mins from where i live and we also have about 3 others ?
 

The Mayor

Well-Known Member
If you think you can be a pro by beating one casino....

How much can you take from them before they care?

If you don't know the answer to this, you should play there until you know. That's lesson #1.

--Mayor
 

Hinoon

Well-Known Member
Hi, I'm a kind of a newbie too, so I empathize with your plight. You've found a really great supportive community here. Treat these people with respect and they will happily help you out. I've certainly learned FAR more here than at any other website out there.

In answer to your question...it's kind of a trick question... it's like asking "How much can I make trading stock?" The answer is: It depends.

It depends on your bankroll.
It depends on how much time you have.
It depends on how comfortable you are with risk.
It depends on your skill level.
And it depends on your ability to discern good games from bad ones.

Note, you won't often hear many players talking in dollar amounts...everyone has their own base unit...which is determined by the size of the bankroll and other factors. We're here to learn and trade information, not brag about our wallets. You'll hear someone say, "I won/lost 15 units" That could mean $75 or $15,000...but the point is...it's been standardized into a common phrase for the sake of discretion and simplicity. Teams have won millions. Players have lost fortunes. It's all possible.

"professional play" is a specific term. There was a good post a few weeks back about what it means to be a pro-player.

My advice to you is to study, study, study. Learn your Basic Strategy hard and cold. Then worry about money.

It would be great if someone could talk about the bankroll to unit ratio and how that's determined. I know it's something like your bankroll should be 1,000 times the size of your maximum wager...or something to that effect.

Cheers
 

The Mayor

Well-Known Member
Listen to this person

Listen to HiNoon,

He knows a lot, I have met him in person, and I have deep respect for him.

His advice is golden.

--Mayor
 

learning to count

Well-Known Member
AAAAhhh Hi Noon howdy Hombre! You have been away from the site too long. Tell Angelina I said TEQuiero! Betting units. I now look at bets as risk. I think your bet spread should also include your rate of ruin and that should be under 2%. I used to look at the Bankroll size as far as the 1000 to 1 rule. I now want to have a bankroll large enough to make a nice profit and be able to withstand deep neg diviations. That is the key to the bankroll size and the corresponding bet spread. Its all part of the grind. In effect your bankroll may be bigger than you are thinking right now for the same bet spread you want to be able to push out on the felt.
 

Hinoon

Well-Known Member
Max Bet equation?

Hey there Mayor and LTC, thanks for the comments!

LTC, I've been here, but much like Rob M. said in an earlier post...I've just been watching for a bit.

The political stuff that's been posted isn't anything I can really comment on comfortably since I don't know any parties involved (though I CAN and DO vouch for Mayor as a man with integrity, and am not sure how his name got dragged into the issue since by all evidence, he was merely directing users to a more complete discussion on another site.) So instead of posting, I read with interest and studied my BS.

I think it's wise to include the element of risk in your choice of maximum bet.

So...to make it clea to us newbies

...Suppose I have a 10,000 unit bankroll, with an acceptable Rate of Ruin of 1% What does that say for my Max Bet/Bet Spread ? Is there an equation for this?

Thanks.

--Hinoon
 
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