Can someone explain an AP's definition of a "max bet" ? I understand it varies per player / per BR / but I'm not sure how you come up with it.. What I believe from context clues is that it's a bet that the AP refuses to go over per trip?
Help me understand this ..
Last edited by MidwestTom; 08-01-2014 at 05:38 AM.
It is the largest bet you make as a regular part of your game plan. Some have a supermax bet that is rarely made. It is made in only the best situations in my case very specific deck compositions of the best situations.
Max bet depends on the bankroll a player has. Ideally, you want the max bet equals to 16x or 20x your min bet in a shoe game. A player places the min bet when the true count is 0 or negative if he or she has to play it all. (Better to Wong out if TC reaches -1.) A player places the max bet when the true count is +4 or higher. (Some player is more conservative and places the max bet only when TC reaches +5.)Originally Posted by MidwestTom
Your bankroll should be at least 100x max bet, ideally 200x. Say you only have $10,000 bankroll. Then hopefully you can find the $5 table and spread $5 to $80. ($80 will be your max bet.) If you can only find $10 table, you have to spread $10 to $100, otherwise your risk of ruin will be too high.
I am not going to quibble over terminology but my max bet has a relationship with my unit bet which is the first bet I ramp to at an advantage. My disadvantage bets are all waiting bets and are determined by other factors than having my max bet a certain multiple of it. If you call waiting bets as a part of your spread (most people do) I have often spread 60 to 1. My point is you build a ramp from the top down to your unit bet and then add waiting bets so their relationship to the rest of your spread is not a major concern.
I worked backwards ....
I started with the games I wanted to play and their table limits. I like playing 2D and 1D which typically has a table min of $25. From there, a suggested spread is 6:1 on 2D and 4:1 on 1D. I play 2 hands at a time, which most casinos require a double minimum bet. So my min bet on both is $50/hand ($100) and my max bet is $600 (2x$300) on 2D and $400 (2x$200) on 1D. Next I used CVCX and entered the betting ramp I chose to use and I settled into a desired $50K starting bankroll which returns a 7% ROR. I committed to never playing blackjack until I obtained the proper bankroll, but 5 years later I had it. During that 5 years all I did was practice which amounted to over 150K hands with Casino Verite Software.
Max bet is the amount of money you bet at the top of your bet ramp.
If you ramp 10-150, your max bet is 150. Typically this bet is made at TC 3 or 4.
For this player, losing 20 max bets means the net outcome of his trip/session was 20*-150 (ie: lost $3,000).
"Everyone wants to be rich, but nobody wants to work for it." -Ryan Howard [The Office]
The optimum point to place your max bet depends on penetration and desired spread but your bet should always be correlated to your advantage. Programs like CVCX will automatically figure out the optimum point to place your maximum wager based on your desired spread. There is no real reason to limit your top bet other than for purposes of cover. Kelly Betting means betting to your advantage so in reality your optimum top bet is as much money as your edge justifies no matter how high it goes. Some players have only four bet sizes....minimum, 1/4 bet, 1/2 bet, and a big bet. They don't bother with anything else and having a few bets means they don't change their bet nearly as often which gives the casino much less information about what's going on at the table. You can use all sorts of creativity when developing your betting schedule and use that bet schedule to tell the casino whatever story you want it to tell.
Posting Permissions
Reply With Quote
Bookmarks