$1000 bankroll?

[BlackAce]

If you are playing just for fun and have a $1000 budget, that is fine. As the others said, it is unlikely you will win. On the other hand, if you have a $1000 budget now to play just for "fun" and will have another $1000 every say 6 months with the same plan, eventually you should catch a winning streak and get to the point where you are playing with a reasonable ROR.

What if you'll have 1k every month. But 1k is all u can spend a month. What would be the bet spread? And if I'm just wonging in then what should my My Bet Be as I Sit Down On a TC +3 RC +14 ???

[Norm]

You don't gotta be such an ass

You're responding to a three-year old post.

[Jabberwocky]

So....let me get this straight......somebody who was tasked to catch the "bad guys" is now suggesting players intentionally evade taxes?

Tax evasion is a crime. Tax avoidance is an AP move. It helps to be able to differentiate the two.

[BlackAce]

If you are going to be visiting casinos anyway, then you should be counting the blackjack tables instead of playing craps. There is no excuse for freely giving them your money, regardless of your bankroll. You will need to wong in and out heavily and make reasonable excuses for leaving the table.

This is one of the best answers I've read on here. Most of the time after backcountin for minutes I could have hit it good most of the time if I would have placed a $100 bet. I'm doing my homework but placing small bets because I am practicing. But let's just say, the day after yesterday I won 6 out of 7 hands pushed one. That's $600. Half hr later I sit down on hi count I get 2 Aces. I Split and Hit 21 on one and 16 on the other. Dealer Busted. That's $200 These are just a Couple good Examples.

I can say that I would have doubled my BR by Now For sure.

[BlackAce]

Fact,

A good friend started out with a $1000 BR playing a good game, only good, 6d, H-17, lost her bank, borrowed herself another $1000 and in 2 1/2 years built it up to $100,000, so don't listen to the naysayers that it can't be done, because it sure as hell can.

Ouchez

Thanks that's really motivating
Is she still playing

[BoSox]

Most of the time after backcountin for minutes I could have hit it good most of the time if I would have placed a $100 bet. I'm doing my homework but placing small bets because I am practicing. But let's just say, the day after yesterday I won 6 out of 7 hands pushed one. That's $600. Half hr later I sit down on hi count I get 2 Aces. I Split and Hit 21 on one and 16 on the other. Dealer Busted. That's $200 These are just a Couple good Examples.

I can say that I would have doubled my BR by Now For sure.

Just as long as you understand the flip side of the coin, and that is with a few splits and doubles it could be all over for the month in a five minute span, while the remaining count is even better.

[BlackAce]

Question. If you were given a $1000 BR and it was to play BJ, how would you do it? You have to play a $5 minimum table game and make the BR grow.

Neemo. I think this is what you want to know. The guys here will help you.

Everyone has a starter story and we would love to hear some.

Baberuth

Yes we would

[BlackAce]

back on topic...
I took a break from the game because I couldn't put together a dedicated 1000 bankroll, due to unplanned family expenses.
So I ordered BJA 3rd edition and more books I've needed to read to improve. Taking a break totally stunk for my skill set. So I'm beginning to drill again in the attempts of putting it all back together. I just plan to play part-time maybe a half dozen trips a year when I am better funded.
Anyone have thoughts on replenisable BR vs. a fixed BR? The two seem like such different animals.

Where are you located?have you tried partnering up?

[ZenMaster_Flash]

BlackAce,

Being motivated by a success story is a warning sign.

For every success story, there are an amazing number

of abject failures whose sorrowful stories we don't hear.

"Many are called. Few are chosen."

[Cougfan]

For the record, it is not tax free winnings. You are supposed to pay taxes on it.

C'mon man, everything is tax free as long as you don't mind committing a few felonies here and there.

[Cougfan]

Tax evasion is a crime. Tax avoidance is an AP move. It helps to be able to differentiate the two.

Using all available deductions is tax avoidance. Structuring your investments and expenditures so that certain deductions are available is tax avoidance. Tax avoidance is perfectly legal.

The suggestion was to intentionally not report taxable income. That is a crime.

[Stealth]

Well im looking at taking this hobby more serious and have set aside $1000 for an initial br. I know this is small but for me coming from taking $40-60 to casino's to just play for "fun" this is quite the step for me. I plan on playing on $5-$10 tables. I would keep all the winnings in this br to let it grow and continue to grow to play in bigger games. Am i just too optimistic w/ this small of a bankroll and just look for another hobby, or can doubling this be done?

So, rather than tell you how overly optimistic you are let's answer your question.

I used CVCX to model an environment that is using HiLo with sweet16/fab4 indexes

I am playing 6deck 75% pen h17 ds

I have a bankroll of 1000 and I am playing a $10 game. (You mentioned playing 5-10 but we need to sim the bigger game to protect your bank.) We are playing at a 1-12 optimal spread.

Here are the results:
FORUM.JPG

As circled you will be playing a game with an advantage of .654%. Your risk of losing all your bank during this sessions of 3 hours is22.5%.

Your risk of continue to do this and losing your entire bank is 87%.

Your probability of doubling your bankroll in 3 hours is 25.8%, in 6 hours is 42.4%.

Practically speaking, let's examine one exposure to your bankroll:

We have a TC +4. You have a pair and BS indicates to split, you do and get more of the same card and end up splitting to four hands, three of them have become 11's so we double. So, now we have $120 bet X 7 = 840. The dealers has a 6 up, flips a face card and then hits a 5 and sweeps your bets. This is real and can and will happen. It should now be obvious that you can not do many of these with this bankroll.

Now, if your bankroll is replenishable, your have a different set of exposures and should use this to begin your research on how to evaluate them.

Hope this helps.

[Cougfan]

Getting back to the original topic, I started with an $800 BR, I now have a BR north of $100K, but I added money from my regular income along the way, so I don't know if my story counts.

Here is what I did when I started out:

I wonged aggressively. By that I mean I was the guy standing by the shoe game waiting for the count to hit +2 and then jumping in for a table min bet. When the count dropped to +1, I stepped back from the table. Sometimes I only played one hand an hour. And I really pissed the other players off by jumping in and out repeatedly in a shoe. This part really sucked.

I hustled coupons aggressively. I was fortunate to be in a place where there were a ton of new small card rooms. They gave out match plays like crazy. I would sweet talk the girl at the door into giving me a handful. If they were in the paper, I would get a stack of papers and have my kids help me cut out all of the coupons. I would get coupons for casinos that were not right in my area and trade them with other local AP's for coupons I could use. We even had a standard drop place behind a picture frame in a casino that was mid-way between us (very James Bond'ish). I would stop by and grab a playing card box full of my coupons and replace it with a box full of their coupons.

I found dollar added BJ tournaments, and read SW's book on casino tournament strategy. There was one place that usually had a $500 overlay and also gave out a $50 free ace coupon and a coupon for $5 in free food all for a $25 entry fee. Some people balked at using the $50 free ace (couldn't bet less), so I gave them $10 each for their coupons.

The card rooms gave out free used playing cards. There would be stacks sitting by the door. I grabbed a handful or two on every visit and sold them on eBay.

I had agreed to a $50 per week lunch budget with my wife. I instead bought a loaf of bread and some peanut butter and brought sandwiches to work, or just went hungry. The bulk of that $50 went to my BR.

I learned how to play poker and played $2/$4 limit hold'em.

Did I mention that I hustled? I did everything except whore myself at the street corner.

It can be done. It's not fun. Every single penny counts.