40K Bankroll

[Mike1860]

. With a 40k bankroll, is there a way of making 50$ per day at the casino? assuming i would have as much time as wanted/needed to be at the casino

Some info:

- I am an above average/ good poker player, but account online got banned for VPN use - So chances are if I return to try and make 50 off poker a day, it would have to be live at the casino, which could be quite hard/challenging? given the fast pace i'm used to online and the very few number of hands you see live relative to online

- I've played Blackjack in online play money a lot, I do not know how to card count, nor do I think I would have the mental focus to be able to translate whatever i can learn about it alone at home and execute it in casino settings which I hear can be extremely difficult for numerous reasons. However I would have the patience/fortitutde to play Basic strategy Live for as long as it took in a given day if there was a way to make 50 and quit for the day off of the 40k initial bankroll

- Not a fan of the Martingale system i read about online because obviously i'm planning to do this on a daily basis for prolonged time periods, which is a recipe for disaster using such systems

Any Suggestions? probably there isn't a definite answer, but hoping to kick start a discussion where I can see things more clearly. Open to other games/suggestions, and appreciate the help.

[Stealth]

Yes, but you will need to learn to count cards and I would suggest you find a mentor to teach you the many issues beyond the technical aspect of counting. Such as, playing protocols, bet levels, getting away with it, what not to do , etc, etc, etc

[Mike1860]

I realize that which is why I mentioned in my post that I am almost certain I wouldn't be able to pull it off. May have the mental skills to pull it off at home but i know myself and wont be able to translate it in a casino setting (i.e not getting distracted, getting away with it, what not to do etc...).

[Boz]

Give it to me for a week, I'll give you 40% of the profit.

[Romes]

Hi Mike, welcome to the forums.

If you're an above average poker player then you should easily be able to make $50/day at poker live... and this wouldn't involve learning an entirely new skill set. Without cheating... Do you know the poker odds of the following?
1) Pair over pair preflop
2) Dominated hand preflop
3) Drawing to 6 outs after the flop
4) Drawing to 3 outs on the river
5) Drawing to 2 outs on the river

In all honesty, and not being mean, any "above average" poker player should instantly know the answers to these questions without having to look them up.

Next, blackjack... With a $40k bankroll you certainly could make $50/day, though your surroundings might dictate more/less... Do you have several casinos near you that you could travel to in 1 day? You'd need to look at their conditions such as PENETRATION, side bets, and regular rules (H17 vs S17, etc, etc). A "bad" game, such as 8D H17, could be made amazing (and easily $50/hour) if it has deep penetration and an exploitable side bet... Lots to consider.

Here's my starter articles on A to Z Counting Cards in Blackjack. Give them a read and you should have a decent idea after if that's the path you're wanting to travel. As always I answer questions, etc, so feel free to post questions on the articles, or here. Happy Hunting!

http://wizardofvegas.com/articles/A-...-in-Blackjack/
http://wizardofvegas.com/articles/A-...n-Blackjack-2/
http://wizardofvegas.com/articles/A-...n-Blackjack-3/

[RS]

OP, there is no "secret winning system" if that's what you're after. Learn to count cards, learn some other method of advantage play, play good poker, or you're SOL.

[Mike1860]

Hi Mike, welcome to the forums.

If you're an above average poker player then you should easily be able to make $50/day at poker live... and this wouldn't involve learning an entirely new skill set. Without cheating... Do you know the poker odds of the following?
1) Pair over pair preflop
2) Dominated hand preflop
3) Drawing to 6 outs after the flop
4) Drawing to 3 outs on the river
5) Drawing to 2 outs on the river

In all honesty, and not being mean, any "above average" poker player should instantly know the answers to these questions without having to look them up.

Next, blackjack... With a $40k bankroll you certainly could make $50/day, though your surroundings might dictate more/less... Do you have several casinos near you that you could travel to in 1 day? You'd need to look at their conditions such as PENETRATION, side bets, and regular rules (H17 vs S17, etc, etc). A "bad" game, such as 8D H17, could be made amazing (and easily $50/hour) if it has deep penetration and an exploitable side bet... Lots to consider.

Here's my starter articles on A to Z Counting Cards in Blackjack. Give them a read and you should have a decent idea after if that's the path you're wanting to travel. As always I answer questions, etc, so feel free to post questions on the articles, or here. Happy Hunting!

http://wizardofvegas.com/articles/A-...-in-Blackjack/
http://wizardofvegas.com/articles/A-...n-Blackjack-2/
http://wizardofvegas.com/articles/A-...n-Blackjack-3/

Thanks for the welcome, and the links.
1) 80%
2)70%
3)25%
4)7%
5)5%

I live in Detroit so 3 casinos to go through mainly

@moses I would suck bad at card counting.. NFL picks seems good enough but ironically i know very little about NFL. a die hard NBA fan though probably not a lot of smart money there. You seem to imply it is somewhat easy to make 18k going on the picks, is it that rock solid?

[Romes]

Well done, though I hope you didn't cheat! =P Much as you learned poker, you'd need to learn card counting, bankroll management / Risk of Ruin (similar to poker), index plays, expected value, and much more. The fact that you even referenced "martingale" is a bit scary because that's a completely negative EV "system" regardless of tonight or the long run. When you place a negative edge bet, it carries a negative value with it. Yes, you'll realize that negative value more in the long run (when variance doesn't play as big of a role) but even just if you were to do the martingale for 1 night that would still carry negative expectation with it and you're just hoping variance (luck) will save you for one night. Might as well just bet it all on black and hope to get lucky =P.

I hope you enjoy the articles and give them a read. You'll definitely be able to decide if it's the right move for you after reading them =). Detroit, from what I recall is pretty "bleh" as far as blackjack... At least with 3 casinos you could move your play around.

[Reign Man]

"nor do I think I would have the mental focus to be able to translate whatever i can learn about it alone at home and execute it in casino settings"
You should read Josh Axelrad's Repeat Until Rich about a pro team blackjack player who lost it all overbetting his bankroll thinking he knew how to play poker just because he knew the odds for blackjack.

[Meistro123]

try counting the cards. card counting is actually not that difficult, just takes practice. i'll coach u for a modest fee if u want.

[Jabberwocky]

What's wrong with playing poker in a brick & mortar joint? Unless you have a good sampling of strong bj games available, I wouldn't bother.

[ZeeBabar]

It's bizarre that you can remember poker percentages and feel you cannot count cards. Card counting is easy. The finer points take a bit longer to get but with $4ok, making $50 a day is not too hard. I have a friend who only plays till he earns $200 and leave casino. He says he foes not remember asking out with more than $500. He plays in 4 casinos in the same town, uses different shifts, plays rated. Since he is on Social Security, he just wants to earn about $2000 a month, his sessions can be as short as 10 minutes and as long as a couple of hours if he needs to get out of a hole. Course, there are days he loses but averages $2k a month with a BR of $35k. He plays $10 and $25 tables.

[BJGenius007]

. With a 40k bankroll, is there a way of making 50$ per day at the casino? assuming i would have as much time as wanted/needed to be at the casino

Some info:

- I am an above average/ good poker player, but account online got banned for VPN use - So chances are if I return to try and make 50 off poker a day, it would have to be live at the casino, which could be quite hard/challenging? given the fast pace i'm used to online and the very few number of hands you see live relative to online

- I've played Blackjack in online play money a lot, I do not know how to card count, nor do I think I would have the mental focus to be able to translate whatever i can learn about it alone at home and execute it in casino settings which I hear can be extremely difficult for numerous reasons. However I would have the patience/fortitutde to play Basic strategy Live for as long as it took in a given day if there was a way to make 50 and quit for the day off of the 40k initial bankroll

- Not a fan of the Martingale system i read about online because obviously i'm planning to do this on a daily basis for prolonged time periods, which is a recipe for disaster using such systems

Any Suggestions? probably there isn't a definite answer, but hoping to kick start a discussion where I can see things more clearly. Open to other games/suggestions, and appreciate the help.

First, you had better move to Pennsylvania or place with good rules (S17, surrender, DAS, DO2). I also recommend playing 6D instead of 2D for longevity.

There are two paths for your 40K bankroll based on how many max bets you divide it into. (200 or 100 max bets)

1) Max bet = $200. Risk of Ruin = 0.7%. Spread 14 to 1. Min bet = $15. Hour rate: $12 to $15.

2) Max bet = $400. Risk of Ruin = 5%. Spread 16 to 1. Min bet = $25. Hour rate: $20 to $25.

You can easily earn $50 a day.