Why many players fail at attempting full time play.

[BoSox]

On another site there is a discussion going on about this subject from an individual attempting it. Today I replied and felt it was worth discussing here, so I will repeat the post.


Nobody is going to want to hear this, but we should all be truthful here. Let's discuss one very big reason why card counting ends up as a failure for the majority of people that tried doing it fulltime on their own. I am not saying this from experience as I was never a full- time player, I was, and still am a part-time very serious player, but that does not diminish the fact that I learned from reading thousands of threads from the best in the business.

Does the person who is attempting full time play have another source of income separate from gaming to cover living expenses? If not I do not think they completely understand what they are up against. Of course there are a few rare exceptions to everything like our own member KJ who when he first came out to Vegas was a workaholic averaging around 84 hours a week and living dirt cheap, and him being the honest person that he is will say he was very lucky that he did not start out with a big negative swing.

You have the edge, you ran the sims for a low ROR and you think you have this made WHAT. Small to midsize bankrolls REQUIRE A HUNDRED PERCENT reinvestment of gaming capital in order for the player to have a good to reasonable chance at success. Sorry, that is the fact. If for example over the last month the player won 3 k gaming and used 3 k for expenses he/she had a break even month. Can anyone see the difficulty in attempting this endeavor? Especially when a normal or bigger size negative swing hits and the player either must take on more risk to meet living expenses or, downsize the unit bet delaying the inevitable outcome. When you are playing with no risk the player does not have to worry about ROR. Life is not fair but the truth hurts sometimes.