1. ## JalHampsen: 2%?

Hi. I'm very new to CC, so my question may be very basic. How can counting be profitable with only a 2% edge over the casino? I'm assuming that would mean if you have \$50K as a bankroll you'd only make a grand off it. That's a pretty crappy ROI. But, I know I'm missing something here. Can any one be kind enough and help me understand this?

2. ## Don Schlesinger: Re: 2%?

> Hi. I'm very new to CC, so my question may be very
> basic. How can counting be profitable with only a 2%
> edge over the casino?

That's rather high. It's more like 1%. :-)

> I'm assuming that would mean if
> you have \$50K as a bankroll you'd only make a grand
> off it.

You're assumption is very wrong. :-)

> That's a pretty crappy ROI. But, I know I'm
> missing something here.

You certainly are.

> Can anyone be kind enough and help me understand this?

Suppose you have a \$50K bankroll, and you take half of it to Las Vegas for, say, a week. Suppose you spread 16 to 1 so that your top bet is \$800 and your unit is \$50. Your average bet is about \$150 per hand, and you play 100 hands per hour, five hours per day.

At the end of the week, you have wagered ... more than a half million dollars!! (\$525,000, to be exact). Your 1% edge operates on that \$525,000, not on your \$50,000 bankroll. Get the idea? :-)

Do this four times a year, and you've wagered in excess of \$2 million. And, one percent of that is \$20,000, which is a 40% annual return on your \$50K bank. And, you might never have to invade the \$25K that you leave at home, to take the trips, so that, if you're lucky, half the bankroll can be earning interest in the bank, and the \$20K return is really on the \$25K, which is an 80% return!

Finally, even that \$25K is only at risk four weeks a year, so, it, too, can remain in the bank most of the time.

Sound better now? :-)

Don

3. ## JalHampsen: Re: 2%?

Thanks for setting me straight, Don. I knew something didn't add up, so to speak.

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