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Thread: Money Management and chasing

  1. #14


    1 out of 1 members found this post helpful. Did you find this post helpful? Yes | No
    Quote Originally Posted by dharmaprija View Post
    Not to mention that you need a bankroll of a minimum of 400 max bets.
    i would say that is going the pro route. 100 max bets with a replensible bankroll is good enough to start . i played with $500 and gambled it up to 4k and built it up to 12k playing with an absurd high ROR then crumbled back down to $1200 due to not understanding ROR and Nzero . Then learned my lesson and slowly built it to a bankroll. You need to be aggressive and have good low limit games to build a bankroll.

  2. #15


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    Erratic ploppy play described by our OP is a big reason we get away with our gambling acts. Good on you all for educating him, but I praise his persistence in conquering the casino edge with his own style.

  3. #16


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    Thanks for the advice..

    I have been going on runs again and again.. by now it can't be a fluke I know how to play I just table hop.. and stay on hot hands and leave cold ones.. I went from $200 to $5000 this morning.. my problem is tilting and lose a whole bunch or even all of it back.. I need to work on my money management and stop loss.. Also its hard as I have urges to play when there is a balance in my account.. This is my pet peeve that I need to overcome.. Maybe if I am not discipline enough I should just quit all together.. but dang maybe I should limit my playing time a day or hands per day because it appears I am successful after 20-25 hands..

  4. #17


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    Quote Originally Posted by newmarket View Post
    I have been going on runs again and again.. by now it can't be a fluke I know how to play I just table hop.. and stay on hot hands and leave cold ones.. I went from $200 to $5000 this morning.. my problem is tilting and lose a whole bunch or even all of it back.. I need to work on my money management and stop loss.. Also its hard as I have urges to play when there is a balance in my account.. This is my pet peeve that I need to overcome.. Maybe if I am not discipline enough I should just quit all together.. but dang maybe I should limit my playing time a day or hands per day because it appears I am successful after 20-25 hands..
    Sounds like your whole system is just pressing bets riding variance by the seat of your pants. You should be playing a well researched/practiced strategy. Coming from the poker world it sounds like your post is talking more about a heads up poker match rather than a table session. Edit- after reading your post again it sound like you're playing an unbeatable game if online blackjack. Best advice you can get is to close the account where you play at.
    Last edited by UncleChoo; 08-07-2019 at 08:46 PM.

  5. #18


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    Quote Originally Posted by newmarket View Post
    Thanks for the advice..

    I have been going on runs again and again.. by now it can't be a fluke I know how to play I just table hop.. and stay on hot hands and leave cold ones.. I went from $200 to $5000 this morning.. my problem is tilting and lose a whole bunch or even all of it back.. I need to work on my money management and stop loss.. Also its hard as I have urges to play when there is a balance in my account.. This is my pet peeve that I need to overcome.. Maybe if I am not discipline enough I should just quit all together.. but dang maybe I should limit my playing time a day or hands per day because it appears I am successful after 20-25 hands..
    Dude, you're a gambler. Get this:https://www.amazon.com/Winners-Bank2...gateway&sr=8-1

    Its a wallet bank. You put your money in, and leave the key at home. So you can't go on tilt and lose it all back.

  6. #19
    Senior Member bigplayer's Avatar
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    Either you have an edge, or you do not have an edge. Money Management will not give you an edge...it only changes the distribution and magnitude of your results. From a few big wins and many small losses or many small wins and a few big losses or fairly evenly distributed. Otherwise money management strategies (stop losses, stop wins, progressions, do nothing unless there is some peculiarity to the game or some external element (a promotional bonus) that can be exploited. For example a casino rebates your losses.

  7. #20


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    Quote Originally Posted by RCJH View Post
    Dude, you're a gambler. Get this:https://www.amazon.com/Winners-Bank2...gateway&sr=8-1

    Its a wallet bank. You put your money in, and leave the key at home. So you can't go on tilt and lose it all back.
    Not so sure about not being able to go on tilt. Sometimes controlled tilt is the right course of action.

    Recently on a cruise ship, ahead nearly 5 figures over first few nights. Left half in safe, brought $5k with me to casino. Was up around $2k for the night. Then a monster count arrived, and other players left me heads up complaining about all of the low cards that had been dealt (and 6-9s for those who track columns). I went from playing $50-$250 to $500 per hand. Quickly lost $4k. I even had to take a $2.5k advance against my line of credit at one point.

    Threw $1k (table max). Must have looked like I was full-on steaming, chasing those $500/hand losses.

    Floor came over to watch me in disbelief that I was chasing my losses. She told me she was worried for me that I was blowing through all of that cash, with a shoe that had been going so abysmally poor. When I first bet $1k, the dealer tried to convince me to step down my bets, commenting that she felt bad taking all of that money from me on such a bad shoe.

    But I was trusting the probabilities associated with utilizing a columnar approach to counting. I kept throwing 2 purple chips out until the count resumed some semblance of normalcy. I then walked away as I did not want the floor seeing my bet levels revert to $100-$200 per hand during same session, as the count became pedestrian. Ultimately, from that $4k loss and $2.5k against my credit line, with the $500 rounds, to recovering those losses and winning $4.5k on top of that.

    Important lesson learned in real time. I had always heard it preached, but never implemented it until now. Trust the math, and get the $$$ on the table.

    But to the dealer and floor, I was on tilt, steaming away!
    "Your honor, with all due respect: if you're going to try my case for me, I wish you wouldn't lose it."

    Fictitious Boston Attorney Frank Galvin (Paul Newman - January 26, 1925 - September 26, 2008) in The Verdict, 1982, lambasting Trial Judge Hoyle (Milo Donal O'Shea - June 2, 1926 - April 2, 2013) - http://imdb.com/title/tt0084855/

  8. #21


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    Quote Originally Posted by Frank Galvin View Post
    Not so sure about not being able to go on tilt. Sometimes controlled tilt is the right course of action.

    Recently on a cruise ship, ahead nearly 5 figures over first few nights. Left half in safe, brought $5k with me to casino. Was up around $2k for the night. Then a monster count arrived, and other players left me heads up complaining about all of the low cards that had been dealt (and 6-9s for those who track columns). I went from playing $50-$250 to $500 per hand. Quickly lost $4k. I even had to take a $2.5k advance against my line of credit at one point.

    Threw $1k (table max). Must have looked like I was full-on steaming, chasing those $500/hand losses.

    Floor came over to watch me in disbelief that I was chasing my losses. She told me she was worried for me that I was blowing through all of that cash, with a shoe that had been going so abysmally poor. When I first bet $1k, the dealer tried to convince me to step down my bets, commenting that she felt bad taking all of that money from me on such a bad shoe.

    But I was trusting the probabilities associated with utilizing a columnar approach to counting. I kept throwing 2 purple chips out until the count resumed some semblance of normalcy. I then walked away as I did not want the floor seeing my bet levels revert to $100-$200 per hand during same session, as the count became pedestrian. Ultimately, from that $4k loss and $2.5k against my credit line, with the $500 rounds, to recovering those losses and winning $4.5k on top of that.

    Important lesson learned in real time. I had always heard it preached, but never implemented it until now. Trust the math, and get the $$$ on the table.

    But to the dealer and floor, I was on tilt, steaming away!
    A couple of points, okay, looks like 5 points.
    1. It’s okay for the house to think you’re on tilt, it’s not okay to go on tilt.
    2. You didn’t nearly have enough money on you to make those kind of bets.
    3. The game likely slowed to a snails pace while you withdrew from your credit line.
    4. I highly doubt that a cruise game was NMSE, while you were taking the time drawing from your credit line.
    5. Regarding point 4, you may have easily lost juicy count hands, therefore easily lost profits because you weren’t “motoring”.

    A couple of other points, but I’ll give you a call 8n the next few days. BTW, nice win.

  9. #22


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    Quote Originally Posted by Freightman View Post
    A couple of points, okay, looks like 5 points.
    1. It’s okay for the house to think you’re on tilt, it’s not okay to go on tilt.
    2. You didn’t nearly have enough money on you to make those kind of bets.
    3. The game likely slowed to a snails pace while you withdrew from your credit line.
    4. I highly doubt that a cruise game was NMSE, while you were taking the time drawing from your credit line.
    5. Regarding point 4, you may have easily lost juicy count hands, therefore easily lost profits because you weren’t “motoring”.

    A couple of other points, but I’ll give you a call 8n the next few days. BTW, nice win.
    Point by Point:

    1. Like I said, they thought I was on tilt, I was in control. Count was 22 (2-5 value cards) - 23 (6-9 value cards) - 0 (10 value cards) - 16 (number of Aces dealt 4 decks into their 8D shoe). Always zeroing out one of the small-mid-ten valued card columns.

    2. My line of credit was in the 5 figures range. I just had not brought cash to the casino with me to the casino that night. Preferred to let them think I was drawing down on my credit line, if I needed to pull out cash for betting. There are/were absolutely no issues in getting more cash at the table, if needed, plenty to bet $1k per hand.

    3. Takes less than 1 minute to get money on cruise ship from a credit line, especially when you are the only bettor with a credit line.

    4. It was not NMSE, but there were no players who would play with me or another player. They were afraid to bet at a table where there were only two players who were betting $200+. We were the "whales". Not my term, but heard it from some of the dealers and floor staff.

    5. I did not lose any counts because I was "motoring" (What did you mean by this?). I had the table to myself through the point in the shoe when the count came back down to earth.

    Thanks for your closing comments.
    Last edited by Frank Galvin; 08-08-2019 at 06:53 AM. Reason: Cleaned up so that Don S won't take me to task for grammatical errors.
    "Your honor, with all due respect: if you're going to try my case for me, I wish you wouldn't lose it."

    Fictitious Boston Attorney Frank Galvin (Paul Newman - January 26, 1925 - September 26, 2008) in The Verdict, 1982, lambasting Trial Judge Hoyle (Milo Donal O'Shea - June 2, 1926 - April 2, 2013) - http://imdb.com/title/tt0084855/

  10. #23
    Senior Member Gramazeka's Avatar
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    Quote Originally Posted by newmarket View Post
    What resources are you referring to? Any books you recommend?
    https://www.blackjackinfo.com/commun...uestions.9666/

    Who before that removed my this post ? Why ?
    Links to other resources are prohibited ?
    "Don't Cast Your Pearls Before Swine" (Jesus)

  11. #24


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    Quote Originally Posted by Frank Galvin View Post
    Not so sure about not being able to go on tilt. Sometimes controlled tilt is the right course of action.
    Agree completely.

    But the OP isn't an AP, he's a gambler, and he goes on tilt. Which is why I recommended the bankroll wallet. It might help him leave with some money.

    Incidentally, I found it on Amazon when I was looking for a money holder of sorts. I don't own the thing, but did get a chuckle out of it.

  12. #25


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    Quote Originally Posted by newmarket View Post
    ... and stay on hot hands and leave cold ones... because it appears I am successful after 20-25 hands..
    There are no "cold hands" and "hot hands" in blackjack. Just hard and soft hands, and hot and cold shoes. But their temperature cannot be measured using gut feelings.
    Last edited by PinkChip; 08-09-2019 at 03:47 AM.

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