Money management and overbetting

[mikeoxebig]

My bankroll is 1000 dollars which is the extra money I have every 2 weeks after bills. So I was wondering what kind of betting schedule I should set up for myself. I arranged a betting schedule for my house rules and a 10,000 dollar bankroll that goes something like this
advantage
0 = 10 = -.66%
1 = 10 = -.16%
2 = 25 = .34%
3 = 60 = .84%
4 = 100 = 1.34%
5 = 140 = 1.84%
6 = 175 = 2.34%
7+ = 215 = 2.84%

I multiplied my advantage by 76% then by 10000 to find the optimal bet

so I was wondering if, since my bankroll is technically replenishable, this would be able to withstand short term standard deviation or if I need to make some adjustments. If so what would be the proper bankroll to calculate with.

I appreciate any and all responses thank you

 

[Automatic Monkey]

My bankroll is 1000 dollars which is the extra money I have every 2 weeks after bills. So I was wondering what kind of betting schedule I should set up for myself. I arranged a betting schedule for my house rules and a 10,000 dollar bankroll that goes something like this
advantage
0 = 10 = -.66%
1 = 10 = -.16%
2 = 25 = .34%
3 = 60 = .84%
4 = 100 = 1.34%
5 = 140 = 1.84%
6 = 175 = 2.34%
7+ = 215 = 2.84%

I multiplied my advantage by 76% then by 10000 to find the optimal bet

so I was wondering if, since my bankroll is technically replenishable, this would be able to withstand short term standard deviation or if I need to make some adjustments. If so what would be the proper bankroll to calculate with.

I appreciate any and all responses thank you

All right, so you have a disposable income of $500 per week. Sounds good to me. It seems like you make a respectable amount of money so you need to make sure your win rate per hour is in the area of what you make working. Otherwise playing will be onerous and you'll quickly get sick of it.

Your absolute bankroll is a variable thing, unlike that of a full-time pro who has no other source of income and will have to stop playing if he loses it. Bankruptcy for you means only having to wait a couple of months before you can play again. Big difference!

Being in a similar situation (albeit with a better game available!) I do all my numbers in terms of trip ruin. Playing my usual $25-$200 game with heavy Wongouts, I've determined I can go to the casino with $3K in my pocket, play for 5 hours, have a win rate of about $60 per hour, and a 2% chance of driving home cursing because I lost my $3K. The benefit is worth the risk, to me. You may want to get a simulator and do similar calculations that take into account how much you want to work for and how willing you are to drive home cursing.

 

[EasyRhino]

Mike, You may have trips where you exhaust your entire bankroll in 5 hands. You cool with that? I mean, are you really cool with that?

Sort of the opposite of Monkey, I start steaming after I lose a couple hundred bucks. With about a $3,000 bankroll, I'm not putting more than $50-$70 bucks out on the table. While the bankroll is replenishable, if I were to lose it all, I might just stop playing out of spite.

Another consideration for you is your skill level. Have you already proven your counting skills in a casino environment? If you're still working on it,

a) Practice for non-money as much as possible (kitchen table, software)
b) When you go into a casino, use very small bets, and very small ramps (maybe), just to prove that you have the skills down. You'll be in a roughly break-even game, and your figures per hour will suck but it will limit your downside risk in case you flub it.

 

[Sonny]

0 = 10 = -.66%
1 = 10 = -.16%
2 = 25 = .34%
3 = 60 = .84%
4 = 100 = 1.34%
5 = 140 = 1.84%
6 = 175 = 2.34%
7+ = 215 = 2.84%

You might want to adjust your bets so that they “flow” more naturally. Going from a $175 bet to a $215 bet can look a little suspicious since most gamblers usually add a chip or parlay their bets. If you change your bet at +3 to $50 then you can jump to $100, then $150, $175, then maybe two hands of $150. That way you could play all of your bigger bets by either “chipping up” or parlaying green chips.

Walking away from any TC under –2 will also help greatly. If you can play at a bigger casino during a fairly busy time then you might even be able to backcount a few tables now and then.

-Sonny-