Automatic Monkey
Banned
Come on now, Prior Lake has about 80 tables, mediocre rules, and 70% pen on a good day. Don't let enthusiasm blind you! Very few shoe games are worth traveling to.Cass said:
Taking out a loan for gambling
- Thread starter Cass
- Start date
They cut off half a deck on the six deck and four deck games. Some dealers cut off all but 20 or so cards in the four deck game. There DD game they cut off 20-30 cards.. The pen is so deep she can feel it in the back of her throat. Oh wait my enthusiasm must be blinding me. Nevermind, forget i said anything!!Automatic Monkey said:
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zengrifter
Banned
Pene does occaisionally improve when newer more enlightened mgmt realizes that it means more profit. Suncoast in LV is a good example, so is Boulder station, etc. zgCass said:
Ps - If Cass is correct these are fabulous games and a bit of camo is required... and expect to see AutoMonk there next weekend!
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jimbiggs
Well-Known Member
I know I'm coming into this thread very late, but a loan at 10% interest is a terrible deal. A few weeks ago I was contemplating a balance transfer from my credit card at 2.99%. All I had to do was write a check and deposit it into my bank account.I could have gotten about $10K. I was undecided about using it for my BR or just putting into my savings account at 4% interest. Either way, I don't think it was going to make a lot of money and decided not to go through with it for various reasons. So I guess my point is, if you do plan to borrow money for your BR, you can probably find a better loan. The personal loan offers that I get in the mail are normally in the 5.99% range.
How about....
I can't believe how many responses you generated with your question. It is also hard to believe, that very few people have given you the facts of life. As I read the replies, I got the feeling that most people on this site win a lot of money. I don't believe that for a second. Get used to it. Very few BJ players will consistantly make money in a week, a month or their lifetime. Typical guy goes to Vegas for 3 days and comes home. Friends ask "How did you do?" His response is " I broke even" That ususally means he lost his shirt. It sounds like you have a good job and make some money, with little expenses. My advise is to set aside money each month for BJ and stay within you budget. If you borrow to play, and get behind, you will be starting down a path you don't want to ride on.Cass said:
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zengrifter
Banned
Actually, this point understood, can certainly priovide the bigger BR IMMEDIATELY. As long as you have a consistent BR replenishment PLAN, you can IMMEDIATELY begin betting to the bigger BR. As I've said in many posts, the BR need not be entirely cash-liquid at the time that play commences.tedloc said:
For example: Suppose you have $10k cash BR and a plan to add $1500 per month for the next 18 mos - you can immediately call your BR $37k and bet to a 1/3 to 1/2 Kelly scheme (some may say 1/4K). Undersuch a scenario it is apparent that Cass had his bigger BR all along without the loan.
"BR" never needs to be all cash in hand. zg
Sonny
Well-Known Member
Just be careful with a plan like that. Your savings account will give you a 4% APY, which is a 4% EV over the course of a year. The credit card company is going to want their 2.99% every month! That means that you would have to win at least $300 each month just to break even.jimbiggs said:
It's hard enough to beat BJ, but starting each month $300 in the hole makes it so much tougher.:whip:
-Sonny-
Sonny said:
Actually when CC companies advertise there interest rate it is comprised over the course of the year. I have seen a lot of "indroductory offers" 0%-2.99% Usually they last 6-12 months. I just got a similar offer to what he is describing. Promotional checks- 0% interest till feb 07' on a cash advance! Great deal, but i still probably wont do it. The only cost is a transaction fee of $50.
zengrifter
Banned
Thats like saying "its best not to take a loan to start a new business" - not very entrepreneurial! zg
sagefr0g
Well-Known Member
gambling against a sure bet...
realize your still gambling even if you can perform solid advantage play.
if you lose the gamble thats 25 g's you gotta pay back and here you are now wanting 25 g's to begin with.
and from your posts you have only several months of advantage play under your belt. i haven't many more but i've got to say as time has gone on playing every so often these casino joints can ambush you with a not so pleasant suprise or two that have great potential for costing you. i don't think you should do it Cass, perhaps as ZG says it is a reasonable tact to take for a pro ap but is it right for you? is it neccessary? a pro might have to do it, to keep on eating, roof over the head, keep up life style ect.
best regards,
mr fr0g
it's never wise to borrow money that you don't already have excepting for say buying a home or maybe a car. well, thats what a friend who was a CPA once told me when i was in the service many years ago.Cass said:
realize your still gambling even if you can perform solid advantage play.
if you lose the gamble thats 25 g's you gotta pay back and here you are now wanting 25 g's to begin with.
and from your posts you have only several months of advantage play under your belt. i haven't many more but i've got to say as time has gone on playing every so often these casino joints can ambush you with a not so pleasant suprise or two that have great potential for costing you. i don't think you should do it Cass, perhaps as ZG says it is a reasonable tact to take for a pro ap but is it right for you? is it neccessary? a pro might have to do it, to keep on eating, roof over the head, keep up life style ect.
best regards,
mr fr0g
Automatic Monkey
Banned
If this is correct...
When I was there in September the game was as ordinary as any other game in the region. Most of my action I put down in DD at the Mighty Turtle.
...then you have just made a few dozen people very very angry by posting this.Canceler said:
When I was there in September the game was as ordinary as any other game in the region. Most of my action I put down in DD at the Mighty Turtle.
E-town-guy
Well-Known Member
This whole idea is similar to taking a loan for a business venture. Gambling and business are both risks. You can lose your shirt at both or make it big and turn rich. Both require careful analysis prior to the actual investment to make sure you've taken everything into consideration. With that said if a loan would significantlyincrease your EV, enough to offset any loan payments and you think you've got the skills necessary to make it then go for it.zengrifter said:
I will say that I understand how people can take both sides of the issue here and neither are wrong. A lot of people out there would never want to invest money in a business, real-estate or the stock market. They don't like the risks and would prefer a safer investment such as a GIC or a mutual fund. Might not be as rewarding but less risky. It takes all sorts to make this world go round.
With that said if a loan would significantlyincrease your EV, enough to offset any loan payments and you think you've got the skills necessary to make it then go for it.
Please explain this. How does what your bankroll consist of,or what your bet is"significantly increase your EV".Wouldn't your EV be the same no matter what your BR is?
Please explain this. How does what your bankroll consist of,or what your bet is"significantly increase your EV".Wouldn't your EV be the same no matter what your BR is?
zengrifter
Banned
Not when EV is defined as $$.shadroch said:
But, obviously EV ain't everything - look at CIPHER - he plays with a negative EV according to math and science, yet he comes out ahead, all the while playing faster than any man alive! So there must be a better way!
"Count switchbacks, not cards!" zg
E-town-guy said:
Very well put. My thoughts exactly. As for the person who said only take out a loan for a car or house only.. Why would you take out a car loan?? That is the worst investment you can make!! You are paying interest and the vehicle is depreciating like a rock!
zengrifter
Banned
Here here Brother Cass! zgCass said: