What do you guys think about me taking out a student loan for bank roll? I was thinking $1000 will do... I graduate in May and just started Norm's book
Pretty dumb - please don't take the following way - I think your previous posts suggest you are a real green rookie.Originally Posted by kt333
-interest in the money negates your edge, provided you have one.
-your non reserve and likely lack of further resource will bankrupt you fairly quickly
-your access to decent games will increase your (negative) variance.
-your skill level is still at raw rookie stage
-if you lose, which is probable, you still have to repay the money.
My invested seed money was a paltry $600. I had a semblance of ability, but not much more. I also had access to funds, with no effect on my resources, and at that time, access to low stakes, quality games.
I don think you have access to additional resources, nor do I believe that the high quality low stakes games that I had access to, are still available in any appreciable quality. Judging by your stubborn nature, don't believe your capable of absorbing the wisdom of your elders.
And with your last inquiry - judge the cost of money against your edge, and draw your own conclusions. Last post on this subject.
Last edited by Freightman; 01-05-2016 at 02:54 PM.
Develop a savings account and put away 10% of everything you earn. Once you started saving at least 10% of what you earn, you must put that money to work earning interest. Then invest the money either in Blackjack or any other investment opportunity.
From "The Five Laws of Gold":
"Gold come gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family. (Save 10% of your gross earnings.)"
Source: "The Richest Man in Babylon".
No experienced blackjack card counter, that has any concern about offering meaningful advice, is going to tell you this is a good idea?
Some thoughts.....
- You are way too inexperienced to be effective winning at blackjack even with an adequate bankroll
- 1,000 is not enough for one session much less a bankroll to play long term. Use your job to earn enough to save a bankroll, think like 10K-15K to start. (discuss with your mentor..see below)
- Get a good job, begin to study, practice using software, join forums like this one and read the old post and learn
- Read these books and others, Blackjack Attack 3, Blackjack Life, Modern Blackjack for insight and reference material
- Learn the math and how to use it (EV, Win/Loss %, RoR, CE, Z-Score, SCORE, C-Score, Standard Deviation, Variance)
- Find a mentor to assist with the complex and critical issues beyond learning to count (bankroll management, game selections, bet ramps, casino comportment, playing protocols, etc)
- Be thorough, deliberate and realistic about your understanding, progress, patience and skill levels.
Good Variance!
Last edited by Stealth; 01-05-2016 at 03:03 PM.
Luck is nothing more than probability taken personally!
I'm a new player too and I ise to think that but honestly 90 % of all the big players here DONT do it for the money. They do becaaue they enjoy playing a game there are suppose to lose at and taking money from the casinos.
I wouldn't recommned doing that man but it's your money. You may get lucky with a 1000 bankroll but most likely not. If it only took a 1000 bucks id be hitting the casino tonight!
Just curious since you said you just started reading a book. How long have you been practicing? It'll take a few months most likely to become good enough. So my suggestion would be to wait and practice a lot. Graduate college and get a good job and save up to 5-10k. It's not what you wanna hear I know but it is what it is. I was devastated when I found out you need a 10k bankroll but I understand why now and its possible to accumulate that. If you truly wanna make money at this, you WILL NOT make it by rushing into it.
Do what you want but you'll be sick to your stomach when it doesn't work
Posting Permissions
-*-
Reply With Quote
Bookmarks