Just curious if anyone has taken a loan or borrowed money to advance their AP career. I think bankroll requirements is what stops most newbies from really sticking with the game. Most people have car payments or credit card debts. If you have any debt but have a blackjack bankroll you are borrowing against that thing in order to play. Most of us at a minimum are probably borrowing against our home (mortgage) to play blackjack.
You’re on dangerous ground, especially with that last sentence. I may well be wrong, but it looks to me that you’re trying to create justification. If that is in fact the case, I would hope that your spouse gives you the gears and makes you stop.
I’m sure you’re not, but reread your OP. Your talking about using a line of credit to finance gambling. AP play, or gambling as such, should be done from disposable income. In other words, from cash on hand available after your monthly obligations are taken care of.Originally Posted by shake
Using a line if credit to finance variance is dangerous stuff. Further, interest on money is enough to negate your edge, if you have one.
I could not have thought of a better idea to get ruined and commit suicide.
Stay away from BJ and its variance if you're about to gamble money that is not even yours...
Wayne Gretzky once said that you miss 100% of the shots you don’t take. Life’s too short for regrets.
Read Arnold Synder's , " you wont win"
http://www.blackjackforumonline.com/...t/wontwin.html
"between the conception and the reality, falls the shadow "
Paraphrased: T.S. Eliot's
The Hollow Men
It is not wise to take a loan out at 6-7%+ for the chance at some sort of ROI. Especially at the amounts needed for a meaningful bankroll. Be patient, disciplined and save up a bankroll. Note - bankrolls should also not be confused with emergency savings.
You don't score, until you SCORE!
Mathmatecially, if you include the cost of the loan (interest 5-7% or much more is credit cards) in the calculation for your EV you will find your path to success is almost non-existent.
Judmentally, this is a very bad idea without the negative math effect.
Your bankroll needs to be disposable funds, not funds required for living expenses.
Luck is nothing more than probability taken personally!
There are lots of reasons not to finance yourself with a loan, but I don't think the cost of interest is one of them.
If blackjack can't give you a return of more than 7% / year you're doing something wrong or not putting in the hours. Moreover, if you can ONLY make 7%/year playing, you're better off investing in something else and playing the nickel tables for recreation.
I think years ago MathProf made a post over on BJ21 on how blackjack was a better investment than the stock market. It was an interesting post, but I'm not going to try and find it with BJ21's terrible search function.
Anyway, I'm wondering how to figure your blackjack return percent per year. It would seem you would need to divide your win by your bankroll. However, what if you don't know how much your bankroll is. In my case I really don't know what my blackjack bankroll is. If I need some money, I just get some from the bank. If I have too much money laying around the house, I put some in the bank. I could easily make a six figure bankroll, but I would never risk that much on blackjack. I also don't need a large bankroll because I just play mostly at the red chip level.
Anyway, in the last two years my cumulative for the year was never in the red at anytime during the year. I don't think I ever took more than $7,000 with me on any blackjack trip, and I don't think I ever had more than $3,000 invested in the game on any given trip. Total losses for each year were only a little over $3,000 and net win for each year exceeded the 5 figure mark. Okay, what is my blackjack return per year? Do I make up some out of the air bankroll number? How would I figure my return on blackjack?
PS. These last two years were kind of exceptional and are not the norm. I'm usually in the red at some point during the year, but I don't think I had to make a bank withdrawal since 2014 for blackjack. I always had enough cash on hand and only made bank deposits.
Last edited by Midwest Player; 11-26-2018 at 09:02 PM.
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If OP needs to ask the question, he doesn’t have the mindset. The only way this works for an established player, is if he sinks every penny of profit against the mortgage, using credit lines to finance poor variance. Needs to have qualified skills to pull this off. Anything less us asking for trouble.
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