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Thread: Bankroll - withdrawal vs. reinvestment

  1. #1


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    Bankroll - withdrawal vs. reinvestment

    What do you do with your winnings that are in excess of your bankroll?

    Meaning: you've set aside $50,000 as your bankroll. You play a store and earn $2,000.
    What do you do with the winnings? Do you increase your bankroll or do you keep it for whatever it is you spend your money on? And what are your goals in playing?

    I understand this is highly subjective, but that's what I'm looking for... ideas.

    Right now I'm essentially playing with no bankroll. I've got $500 disposable every two weeks. I play with that expecting to ruin. I've ruined in less than an hour, or had +1,800 weekends. I take my winnings out to pay down my high-interest debt, which was the purpose of learning to count. Now that I'm almost done with that, I'm figuring out what sort of bankroll management I'd like to use.

    I'm looking for ideas, so I thank you in advance.

  2. #2
    Senior Member Jabberwocky's Avatar
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    2 out of 2 members found this post helpful. Did you find this post helpful? Yes | No
    Quote Originally Posted by GMass View Post
    What do you do with your winnings that are in excess of your bankroll?

    Meaning: you've set aside $50,000 as your bankroll. You play a store and earn $2,000.
    What do you do with the winnings? Do you increase your bankroll or do you keep it for whatever it is you spend your money on? And what are your goals in playing?

    I understand this is highly subjective, but that's what I'm looking for... ideas.

    Right now I'm essentially playing with no bankroll. I've got $500 disposable every two weeks. I play with that expecting to ruin. I've ruined in less than an hour, or had +1,800 weekends. I take my winnings out to pay down my high-interest debt, which was the purpose of learning to count. Now that I'm almost done with that, I'm figuring out what sort of bankroll management I'd like to use.

    I'm looking for ideas, so I thank you in advance.

    Unsurprisingly, no one is gonna have any tangible ideas for you and your non-existent bankroll.

  3. #3


    1 out of 1 members found this post helpful. Did you find this post helpful? Yes | No
    Quote Originally Posted by GMass View Post
    What do you do with your winnings that are in excess of your bankroll?

    Meaning: you've set aside $50,000 as your bankroll. You play a store and earn $2,000.
    What do you do with the winnings? Do you increase your bankroll or do you keep it for whatever it is you spend your money on? And what are your goals in playing?

    I understand this is highly subjective, but that's what I'm looking for... ideas.

    Right now I'm essentially playing with no bankroll. I've got $500 disposable every two weeks. I play with that expecting to ruin. I've ruined in less than an hour, or had +1,800 weekends. I take my winnings out to pay down my high-interest debt, which was the purpose of learning to count. Now that I'm almost done with that, I'm figuring out what sort of bankroll management I'd like to use.

    I'm looking for ideas, so I thank you in advance.
    I would *HIGHLY* recommend you build a bankroll of around 800-1000 units before you go counting 21.

    The *very first* order is to pay down much of your principle on your loan before ever thinking about counting.

    Your 500 dollars per pay period is insufficient for any counting endeavour!

    If you are going out ""expecting to ruin", you are not counting...you're gambling. Plain and simple! This is a warning.

    Seriously, pay down your debt until it is nothing you can sneeze at, build a bankroll of 800-1000 units, learn to properly count, and take to it part time.

    This is what you *should* be asking. Please take my advice! I know that it seems counting is the way out. It's not. Take your time.

  4. #4


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    I agree, you shouldn't be counting right now. Pay off your debt first.

    Regarding your other question where you suddenly have a 50k BR and no debt.. Most people seem to reinvest all their winnings into their BR and continually increase or decrease their stakes depending on the size of their current BR. I don't quite do this. My stakes stay the same. I don't bet more just because I have more. I'm happy with my EV and I just keep plodding along. I live off my winnings and invest what's left over.

    Now if you win 2k and immediately spend it or whatever, what are you going to do when you lose 2k the next day? Are you going to take the 2k you won and put it back in your BR, or will you be working out of a 48k BR? If you decide to work out of a 48k BR and continue to spend every winning session you will quickly have no BR. The swings are all over the place and sometimes you will have horrible runs that last for months and they will make you question everything.



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    Last edited by Bubbles; 03-17-2019 at 06:31 PM.

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    What I have done is have a starting bankroll that resulted in less than 3% ROR. When I doubled that bank, I started thinking about pulling some out. A couple of years ago I bought a car and left enough in my bankroll to play with less than 1% ROR. I have few expenses and no mortgage or loans to pay at all, plus I get annuities and other income. However, blackjack is only a part of my AP efforts - I also play poker and bet on sports.

    The advice by others to pay off any debts you have and reduce your expenses is good. Heed that advice and consider expanding your AP arsenal.
    Last edited by mofungoo; 03-17-2019 at 07:06 PM.

  6. #6


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    It depends on your objectives.

    Some people cap their bets at 300-400 for longevity purposes. Other people with spread to 2x1000 and do slash and burn.

    If you choose the former, put the money in the stock market. If you choose the latter, you'll need your growing bankroll.

  7. #7


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    I keep $70k as BR, if I go over it, it goes for pleasure. If it goes below, I keep at it till I have the $70k and then spend. Given that I intend to keep max bet at $200, play low Green, and play recreationally, it works for me. lActuallty, it's never gone that far below so I am considering lowering my BR. Lowest it's been since I first hit $70k is $58k. I am at $78k, now.

  8. #8


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    For Nonbelievers...

    Here is visual proof of ZeeBabar's bankroll:



    Just kidding, Z! ;-)

    Dog Hand

  9. #9


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    To the OP: you are making a classic rookie mistake. I did the same thing when I started. The thing is, most of us ran good in the beginning. Those that didn't typically quit playing. But there will come a time when you lose, and then you're in a situation. You have to build a bankroll.

    You say you have high interest debt. Let's say that's about 25% on a credit card. Do you really expect to make 25% each weekend? How far would that $500 go towards paying down your debt?

    Make a plan, then stick to it. There are many people who COULD be successful APs, but they lack self discipline. Use this waiting period to hone your game. Maybe make playing blackjack the "prize" when you pay off your debt.

    To the other question, I invest most of my bankroll. It is accessible if I need it, but I only keep so much "cash on hand". No sense having it lying around in the sock drawer.

  10. #10


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    Quote Originally Posted by Dog Hand View Post
    Here is visual proof of ZeeBabar's bankroll:



    Just kidding, Z! ;-)

    Dog Hand
    Pretty good Dog Hand except I was very organized, kept neatly stacked in 5k bundles and then put shoe cloth on it to conceal it. Kept it for about 1.5 years and then put it in safety deposit box. At first, my wife objected to using any of it on anything for the house or kids (saying it would jinx us) so I spent about $5k to $10k of winnings trading cars. In the past 5 years, I went thru 6 cars. Now, I am retired, the fixed income and pension is a lot less than my salary so I use it for vacations or helping out my kids.

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