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Thread: Investing

  1. #1


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    Investing

    Okay let's say Blackjack Player A has $50k in his bank account with essentially no interest. He has $2k/month expenses and makes $5k/month from his 9-5 job after taxes and other deductions. He wants to play blackjack at a level that maximizes profit while keeping in check ROR.

    How much is his bankroll that he is typing into CVCX?

    How much of his bankroll should he invest in stocks, bonds, etc.? How long should this money be tied up for?

    Blackjack Player A knows nothing about investing, how can he learn the +EV moves. He hears no shortage of investing advice, however, the advice sounds no better than the advice offered by 99.9% of casino patrons. Is everyone just GAMBLING!? The reason I ask this question here is because I know I can trust the responses.

  2. #2


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    Quote Originally Posted by Avincow View Post
    Okay let's say Blackjack Player A has $50k in his bank account with essentially no interest. He has $2k/month expenses and makes $5k/month from his 9-5 job after taxes and other deductions. He wants to play blackjack at a level that maximizes profit while keeping in check ROR.

    How much is his bankroll that he is typing into CVCX?

    How much of his bankroll should he invest in stocks, bonds, etc.? How long should this money be tied up for?

    Blackjack Player A knows nothing about investing, how can he learn the +EV moves. He hears no shortage of investing advice, however, the advice sounds no better than the advice offered by 99.9% of casino patrons. Is everyone just GAMBLING!? The reason I ask this question here is because I know I can trust the responses.
    It's a matter of tolerance to risk. A few questions. Is the 50k personal savings or is it your earned blackjack roll. Are you married, and if so, do you have children. If married, what is your wife's tolerance to risk. I'm hypothesizing by reading between the lines that you are single, the 50 k is likely a combination of savings and roll, and that your take home, after deductions and excluding gambling is 3 k per month net.

    Every situation is different. There are those who would argue that your entire net worth is your roll. Talk to a good financial planner, explain your situation thoroughly, being honest about your skill level, listen to his advice - get a couple more suggestions, and try to determine what's best for you.

    If it helps, this is my situation and what I do. I'm a conservative semi retired individual, married with children and grandchildren. My wife has no interest in my gambling activity, though she enjoys the extra fruits that they provide. My bankroll has been entirely earned by BJ activity. It is totally segregated from other assets. My wife, despite her confidence in my ability, does not have the risk tolerance for me to leverage other assets. This is totally understandable. My sole debt consists of an investment mortgage, which is self supporting. Our personal residence and vehicles are paid for. The balance of my non BJ assets are primarily in the stock market, with some mutuals through my bank. I have access to loads of credit, which are unused. As as far as BJ assets are concerned, the simple reality is that they are oerforming poorly on an interest basis. I use 2 brokers, soon to be consolidated into 1. Other than keeping standby cash in hand, I'm thinking of sinking approx 100k into specific markets, earning perhaps less than I like, but at the same time, accessible quickly at low cost. Again, this would be a new account, likely specified as my "g" account (gambling). My wife would of course, be joint in this account, but again, the seperate account approach insures that BJ funds and other assets would not be comingled.

    The message here is that we can point you in the right direction, but you're the one who knows your situation specifically. Consider your assets, debt, short and long term goals. Factor in job security, and start crunching.

  3. #3
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    I keep my assets in bonds / stocks / ETF's A well-balanced 6 figure portfolio.

    I keep (very low) six figures in a Money Market Fund at my favorite F.C.U.

    near my home. That is my gambling "cash bankroll".

    My very pleasant suburban home is owned outright, bought for cash.

    Two nice sporty cars in the garage. No debts of any kind. Not a cent.

    No children to support; and my spouse, without any income, I must say,

    is fairly "low-maintenance" as spouses go. L O L

    If I (somehow) "blew" 100 K tomorrow my life style would remain unaffected.

    My NET worth is well under a million bucks, but that is more than we need.

  4. #4


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    I would look at this like a treasury management question for a corporation. Each of the next 12 months, you need $2k for living expenses. You also need a bankroll to gamble.

    For a full-time pro, I would tend to recommend a lower-risk portfolio (50% stock, 30% bonds, 20% cash) for money not being used in your bankroll.

    This also depends on how well-bankrolled you are. If you can play 1/8 Kelly on low-risk games with over 200 SCORE, then you can be more aggressive investing outside your bankroll. If you're playing half-Kelly counting decent shoe games, you need to be more conservative.
    The Cash Cow.

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