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Thread: At what point do you cash out?

  1. #11


    3 out of 3 members found this post helpful. Did you find this post helpful? Yes | No
    There is no formula for when to cash out (from a winning or losing perspective) when you’re counting or just gambling. If you’re counting, the more time you play the more money you make (in the long run) and when you’re gambling, the more time you play the more money you lose (in the long run). You’ve been getting lucky with your wins but mathematically if you played for a long enough time you’d lose it all.

    Lets say I played until I made $10. I bet $5 and win, so my session lasted one hand. Now I come back to the same casino the next day and I played by the same rule as above. Now lets say it takes me 3 hands to make the $10. So far I have played 4 hands and made $20, but the time it took to make that $20 was 24 hours (because I left the casino after the first hand and came back to the casino after 24 hours). Now lets start over and say your new goal is $20 made, so you go to the casino, you play 4 hands in 2 minutes and you won your $20 in one session. Now you’ve won your $20 in 2 minutes instead of 24 hours.

    so my point is: it doesn’t matter how long your sessions are, they are all one long session, and for your long session as a gambler, you’re losing money every hour, so the less you play the better.

  2. #12


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    You're assuming that because you've been winning you're likely to win more. Basic strategy limits your losses, but is not enough to win in the long run. You will eventually start to lose and the more you play, the more you're likely to lose, unless you're able to find an edge. Card-counting is out for you but Ship the Cookies is right that there are other edges to be found against CSM - I don't know which he has.

  3. #13


    2 out of 2 members found this post helpful. Did you find this post helpful? Yes | No
    Quote Originally Posted by ShipTheCookies View Post
    This is not always true. We don't count cards, play mostly CSM's, and I can guarantee you that we play with a much larger edge at the game than you do.
    Does your answer have any relevance or applicability at all to what the OP asked? Do you really think he's playing with an edge?

    The only possible answer to the original question that makes the remotest sense is Buckster's: "Since you don't have an edge in the game, I think you should leave as soon as possible. If it were I, I'd walk away preemptively and not play at all." It is an answer that cannot be improved.

    Don

  4. #14
    Senior Member drunk'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 DSchles View Post

    The only possible answer to the original question that makes the remotest sense is Buckster's: "Since you don't have an edge in the game, I think you should leave as soon as possible. If it were I, I'd walk away preemptively and not play at all." It is an answer that cannot be improved.

    Don

    you answer does not take into account the fact that the OP described himself as a recreational gambler
    you are suggesting that there can be no entertainment value from for example playing BJ with basic strategy and ceding only a small edge to the house

    not everybody who plays BJ with a negative expectation is destroying themselves
    the vast majority, probably around 98% of all gamblers, do not get seriously hurt financially by the small losses they take

    yes, he's more likely than not to end up negative
    so what? if he's enjoyed himself as millions do

    people who love scuba diving end up negative in their financials.
    should they stop scuba diving?



    there's a great irony in APs looking down on or ridiculing those who don't play with an edge although I'm not saying that was done in this thread
    even though it wasn't done in this thread it's done fairly often
    sometimes I even wonder if APs see the irony

    the irony is this:
    casinos are not going to deal beatable BJ games if only skilled APs show up at their tables

    maybe the recreational gamblers should be greatly appreciated by APs
    Last edited by drunk; 04-05-2019 at 04:01 AM.
    "Life is so short. So nobody should miss a chance to get into nasty arguments with strangers on the internet."

  5. #15


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    Quote Originally Posted by drunk View Post
    you answer does not take into account the fact that the OP described himself as a recreational gambler
    you are suggesting that there can be no entertainment value from for example playing BJ with basic strategy and ceding only a small edge to the house

    not everybody who plays BJ with a negative expectation is destroying themselves
    the vast majority, probably around 98% of all gamblers, do not get seriously hurt financially by the small losses they take

    yes, he's more likely than not to end up negative
    so what? if he's enjoyed himself as millions do

    people who love scuba diving end up negative in their financials.
    should they stop scuba diving?



    there's a great irony in APs looking down on or ridiculing those who don't play with an edge although I'm not saying that was done in this thread
    even though it wasn't done in this thread it's done fairly often
    sometimes I even wonder if APs see the irony

    the irony is this:
    casinos are not going to deal beatable BJ games if only skilled APs show up at their tables

    maybe the recreational gamblers should be greatly appreciated by APs
    You're correct the OP does (in his second post) say that he's a recreational player. However, he also mentions not wanting to be greedy, and later says that he's just trying to calculate what a good gain is. He considers himself a winner. The advice is tailored to someone asking a strategic question about how to make money.

    Had he asked. "I'm a losing player who really enjoys blackjack, how long should my sessions be?" I think we all would have said "as long as you can afford, and it's still fun" by the way this is the same answer I would have given to your scuba diving question.

    You post seems you're purposely misunderstanding the context of a conversation just to make a counterpoint.

  6. #16


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    Quote Originally Posted by Tetn1s View Post
    Lets say I played until I made $10. I bet $5 and win, so my session lasted one hand.

    You must have doubled down.

  7. #17


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    Quote Originally Posted by Philster View Post
    I'm just trying to be realistic as to what a good gain is.
    $5.00

  8. #18
    Senior Member drunk's Avatar
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    Quote Originally Posted by BoSox View Post
    $5.00
    almost nobody would consider $5 a good gain

    again, ridiculing a player because he's not an AP

    the question could have been answered in a much better way
    "Life is so short. So nobody should miss a chance to get into nasty arguments with strangers on the internet."

  9. #19


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    Quote Originally Posted by drunk View Post
    the question could have been answered in a much better way
    He asked for realistic.

  10. #20
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    the best thing for the OP to do would be to leave this forum and try to find somewhere he can get answers to his questions without having people address him in a condescending manner
    "Life is so short. So nobody should miss a chance to get into nasty arguments with strangers on the internet."

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