Hey Kewljason,
I forgot what my original bankroll was, which was and is irrelevant.
I won a little over $100k in 2010, which I guess is the new bankroll. Or is it?
Bankroll isn't a box of cash under the bed. It's not something physical or tangible.
Bankroll is a number on the Excel spreadsheet. Sometimes not even that.
Bankroll is a nebulous range of numbers in your head that varies from day to day.
Whether it’s replenishable or not is also subject to your “mood”.
On the other hand, if you own a corporation or a business, then the loan and the
capital determine the parameters, but blackjack is different.
Part-time blackjack as a side interest is very flexible.
You can determine (calculate) your bankroll *backwards*.
This is how.
Are you “comfortable” with betting 2x$200 and spreading to 2x$700?
If yes, then run the math backwards to see what the bankroll must be.
Do you have that kind of cash as your bankroll? If yes, then that’s your bankroll.
If you prefer 1x$25 to 2x$150 instead, then do the math and calculate your
bankroll for that.
Do I use the money from the winnings for personal needs? That’s an interesting
question.
I have a job which pays the bills. My earnings from the job and the blackjack
winnings all go into the same bank account, which I draw from to pay the bills.
I log my blackjack winnings in the Excel spreadsheet and deposit the cash.
Money is money, and once it’s deposited, it’s a number, so how do I know
whether I used the “blackjack money” to buy lunch?
If I were to lose $100k right now, did I lose my bankroll, or did I lose my
previous winnings? What happened to the original bankroll that I don’t even
remember? It’s all relative to the perspective.
If I lose the bankroll and the previous winnings, I can walk away and live happily
ever after. Having a job makes such attitude possible.
The difficulty that you’re facing is that your livelihood depends on blackjack,
so you can’t take great risks and jump your level of play.
Also, as you fill the bucket with your blackjack winnings, the water slowly drains
out of a hole in the bottom (bills, food, rent, clothes, etc.), which makes filling
the bucket higher more difficult.
In the recent past, 5 casinos opened up in PA, which almost doubled the playing field,
and I think a larger grazing area definitely had a significant contribution.
As I drive out to the casino in the morning, I have about $25k -$35k in the car.
I carry on me about $15k as I walk into the casino. I have never lost more than $25k
in a day, and I have never been down more than $30k in a stretch without bouncing
back rapidly. One time I went from $20k down to $15k up, which is a $35k swing in
one day!
Back when I started, I went to Hooters across the street from MGM Grand because
Hooters had $5 blackjack. LOL! Now, I only play at high-end casinos.
I have without a doubt hit a wall in the blackjack progression, because of the whole
issue regarding the ID. Without being rated, I can’t advance to purple/orange level.
If you play blackjack part-time without being rated, then $500k/yr is probably the
maximum. And since you must play unrated to make that kind of cash, I guess the
absolute limit, sort of like the speed of light, is $500k/yr (part-time).