See the top rated post in this thread. Click here

Page 4 of 5 FirstFirst ... 2345 LastLast
Results 40 to 52 of 62

Thread: At what point do you cash out?

  1. #40


    Did you find this post helpful? Yes | No
    Quote Originally Posted by Dbs6582 View Post
    I was looking at it from the broader definition of “quit”. There is not an optimum time for either the poppy or AP to quit.
    Regarding a ploppy "no one specific" the optimum time to quit, is to never even consider making a bet, to begin with.


    Philster wrote:

    "
    21forme,That's fine; I'm not disputing your logic or analysis at all. Of course, long term, the math will play out in the casino's favour. After all, those huge casino 'palaces' weren't built from and don't operate from charity. I think, however, many responses are misinterpreting the question I asked, into another question altogether, which seems to be: "Can I beat the casinos at BJ using only BS in the long term?", but that's not the question I asked at all! I was asking about what would be perceived as reasonable gain for an individual session. (Very subjective, I know). Ah well.Thanks for your response, anyway."


    $5 win limit, $5 loss limit, plus the cost of splits and doubles, that is a joke. If you must play, make sure you have the proper basic strategy down pat for the game you are actually playing.



    Last edited by BoSox; 04-05-2019 at 06:07 PM.

  2. #41


    Did you find this post helpful? Yes | No
    Quote Originally Posted by ferenc11 View Post
    My bad...you're right. I was being too idealistic.

    Sent from my SM-J730F using Tapatalk
    Not idealistic. OP cares about blackjack. No one here cares about blackjack unless it has an advantage. Hence, AP community.

  3. #42


    Did you find this post helpful? Yes | No
    Quote Originally Posted by Philster View Post
    21forme,That's fine; I'm not disputing your logic or analysis at all. Of course, long term, the math will play out in the casino's favour. After all, those huge casino 'palaces' weren't built from and don't operate from charity. I think, however, many responses are misinterpreting the question I asked, into another question altogether, which seems to be: "Can I beat the casinos at BJ using only BS in the long term?", but that's not the question I asked at all! I was asking about what would be perceived as reasonable gain for an individual session. (Very subjective, I know). Ah well.Thanks for your response, anyway.
    There is no "reasonable gain" when playing a negative expectation game. Period.

  4. #43


    0 out of 1 members found this post helpful. Did you find this post helpful? Yes | No
    Quote Originally Posted by therefinery View Post
    There is no "reasonable gain" when playing a negative expectation game. Period.
    This could be debated forever...

    The Lottery is a negative expectation game. If I win back more than I spent on a ticket, this would generally be considered a "reasonable gain".
    On the other hand is this considered a "reasonable risk"? Statistically the answer is no. Some would argue and say yes since they had the opportunity to win life changing money.

    Since "Reason" is ultimately a SUBJECTIVE term, the OBJECTIVE nature of mathematics is very difficult to apply here.
    Last edited by BankerCA; 04-05-2019 at 04:13 PM.

  5. #44


    Did you find this post helpful? Yes | No
    Quote Originally Posted by Dbs6582 View Post
    Philster, you took my post the wrong way. I definitely didn’t mean it in a demeaning way to you, poppies or APs. I meant no matter who you are, there is no correct stopping point. Several other people have made the same point.While Don Schlesinger criticized my comments about Don Johnson, I think they were relevent to your question. Dan Johnson was a ploppy playing basic strategy who’s only mathematically edge was the lost rebate program as long as he stopped at the right place. But Don J didn’t stop when the math said, he got an incredible winning streak, and just kept playing until the casino ran out of chips, or they wouldn’t refill his table. So I think Don Johnson’s advise would be if you get on a hot streak, get your bet up and keep playing until the casino runs out of chips. It’s happened before. It could happen with you. The point is you make your stopping point. I’m sorry if Don Schlesinger took my comments about Don Johnson as being obsessed with Don Johnson. I just thought what Don J did applied to your situation.
    No worries, Dbs. Maybe I jumped the gun a bit. Thanks for explaining and for your input to the thread : - )

  6. #45


    Did you find this post helpful? Yes | No
    Quote Originally Posted by BankerCA View Post
    So yes, obviously a very subjective answer. However, it would be my guess that if a poll was taken of Non-AP types, I would be willing to speculate if you were to take a poll and ask this question the overwhelming majority would say when "You double your money." I think this is the point where a Non-AP would say they feel "Satisfied".
    Now we're talking! I would think so too. For the casual gambler playing strictly BS, I'd too say that doubling from 200 to 400 is an fab result. In my mind, still staying at the table would be being "greedy". Hell, some would even saying making 100 or even 80 gain is a good result on a 200 initial outlay. Obviously, it can go the other way too, so your having the discipline to stick to a stop-loss limit and living to fight another day, as you advise, is sound. For me as far as LV is concerned, if I can first of all have fun and enjoy myself while making enough at BJ to pay for my food and drink and other petty expenses while I'm there, that works nicely for me. Anything over that, I'd just keep and not 're-gamble'.
    Last edited by Philster; 04-05-2019 at 04:50 PM.

  7. #46


    2 out of 3 members found this post helpful. Did you find this post helpful? Yes | No
    It seems to me that this thread is pretty much become:

    "How much money should a player expect to win while playing a losing game?"

    Wouldn't this thread be a wonderful addition to The Disadvantage Forum?

  8. #47


    Did you find this post helpful? Yes | No
    Quote Originally Posted by Philster View Post
    Hi,I was wondering at what point you decide, "Ok, I've done well here, time to quit while I'm well ahead!" ?I ask because obviously people only make piles of money from BJ in the movies. I think in the past, I may have quit prematurely because I got excited about making a small profit, so cashed out. Though there is nothing wrong with this, my recent experience makes me believe that you can hang in there and make even more.E.g. I went to a London casino yesterday with £250. They're all CSM machines here. After a while I had £330. But I thought I'd stay in and see what more I could do. I went down from there but came back up till I hit £500, doubling my input. At that point I did cash out. I put all my winnings aside and never gamble them. I have been winning quite a bit lately, always following basic strategy, splitting where possible and doubling after splits. I never take insurance. I don't do side bets either.So my question is this. So let's say you sit down for a round of BJ with a sum of say, 100 at a table with 5 minimums, for arguments sake. It doesn't matter whether £, $ or Euros, because I'm talking ratios here.Where would you cash out? After a gain of 50?, Or a gain of 100? Or would you keep going hoping to make more?I'm just trying to know where to cash out and not get greedy.Thanks.Philster.
    Philster: Mostly APs on this forum. We get wrapped up in stats, EV, etc. and sometimes we can't think like a recreational gambler. That's why you tend to get threads like this one: no answer, lots of criticism between members. Sorry about that.

    Here is your answer: Cash out when either A) you've lost as much as you can afford to lose or B) you're bored / no longer enjoying yourself / need to be elsewhere. Other than point A, the amount you've won or lost is irrelevant.

    Another piece of advice is to play at crowded tables and play for the lowest stakes you can while still getting excited about the game.

  9. #48


    Did you find this post helpful? Yes | No
    Quote Originally Posted by Optimus Prime View Post
    Philster: Mostly APs on this forum. We get wrapped up in stats, EV, etc. and sometimes we can't think like a recreational gambler. That's why you tend to get threads like this one: no answer, lots of criticism between members. Sorry about that. Here is your answer: Cash out when either A) you've lost as much as you can afford to lose or B) you're bored / no longer enjoying yourself / need to be elsewhere. Other than point A, the amount you've won or lost is irrelevant.Another piece of advice is to play at crowded tables and play for the lowest stakes you can while still getting excited about the game.
    Optimus,Thanks for your reply and insight. I figured after a few replies that I had probably posted in the "wrong" forum : - ) As you said, it seems like this forum is geared towards hard-core analytical BJ players, which is fine. Will post question in a more general forum. I also concur with playing at a table with others. Besides the atmosphere of the table, it also gives me time to think and observe other players and how they handle situations. I generally shy away from empty tables and going one on one with dealer, as the game goes a bit too quick for my liking, especially if the dealer is one of those fast-dealing, person-of-few-words types.

  10. #49


    3 out of 3 members found this post helpful. Did you find this post helpful? Yes | No
    Quote Originally Posted by Philster View Post
    Optimus,Thanks for your reply and insight. I figured after a few replies that I had probably posted in the "wrong" forum : - ) As you said, it seems like this forum is geared towards hard-core analytical BJ players, which is fine. Will post question in a more general forum. I also concur with playing at a table with others. Besides the atmosphere of the table, it also gives me time to think and observe other players and how they handle situations. I generally shy away from empty tables and going one on one with dealer, as the game goes a bit too quick for my liking, especially if the dealer is one of those fast-dealing, person-of-few-words types.
    Well now you're stumbling into areas where people here can help you!

    If you're the only person at the table, how can the dealer go too fast? Think about it. Take as much time as you want, don't get pressured into making any decisions, and if the dealer makes a decision for you because it is "obvious", sternly tell her "do not play my hand for me."

    Advantage players do need to slow games down from time to time. Take all the time you need and don't let the dealer push you around. That said, you might enjoy being at a different table but don't get the mistaken impression a dealer can make YOU go too fast.

    But I have to ask: now that you know advantage blackjack exists (and I'll assume you know it's not some crazy intellectual endeavor since I assume you read some posts here), how can you just go back into the Matrix and play a losing game? Once I learned about advantage play that was it for me.

  11. #50


    Did you find this post helpful? Yes | No
    Quote Originally Posted by therefinery View Post
    Well now you're stumbling into areas where people here can help you!If you're the only person at the table, how can the dealer go too fast? Think about it. Take as much time as you want, don't get pressured into making any decisions, and if the dealer makes a decision for you because it is "obvious", sternly tell her "do not play my hand for me."Advantage players do need to slow games down from time to time. Take all the time you need and don't let the dealer push you around. That said, you might enjoy being at a different table but don't get the mistaken impression a dealer can make YOU go too fast. But I have to ask: now that you know advantage blackjack exists (and I'll assume you know it's not some crazy intellectual endeavor since I assume you read some posts here), how can you just go back into the Matrix and play a losing game? Once I learned about advantage play that was it for me.
    No, I don't let the dealer hasten me so to speak. (Besides I doubt their pay is tied to how many hands they deal, so they probably don't really care one way or the other, anyway). I just prefer being at the table with others, as the game takes longer, ergo, it takes more time to go through what I have to spend.As far as Advantage BJ goes, I'll just have to look into it and see what that entails.

  12. #51


    Did you find this post helpful? Yes | No
    Nice speech therefinery!

  13. #52


    1 out of 1 members found this post helpful. Did you find this post helpful? Yes | No
    Quote Originally Posted by Philster View Post
    No, I don't let the dealer hasten me so to speak. (Besides I doubt their pay is tied to how many hands they deal, so they probably don't really care one way or the other, anyway). I just prefer being at the table with others, as the game takes longer, ergo, it takes more time to go through what I have to spend.As far as Advantage BJ goes, I'll just have to look into it and see what that entails.
    Their pay may not rely upon the nH/Hr. they deal, but I do recall a certain Asian female dealer on the outskirts of LV who dealt me nearly 250-300 H/Hr., depending upon my slowing her down just to mess with her. Lesser EV due to my slowing down of the number of hands, but hey, she got sloppy, and when she dealt slow, she tipped her hands (I trust most of you will get that). And what sort of AP would I be if I didn't let her show me her cards.
    "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/

Page 4 of 5 FirstFirst ... 2345 LastLast

Similar Threads

  1. At what point is a cash back rebate good?
    By cottage cheese in forum General Blackjack Forum
    Replies: 41
    Last Post: 08-24-2018, 03:27 PM
  2. How to efficiently cash in and cash out.
    By chang04133 in forum General Blackjack Forum
    Replies: 14
    Last Post: 03-24-2013, 12:09 PM
  3. Replies: 5
    Last Post: 10-22-2006, 11:38 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

About Blackjack: The Forum

BJTF is an advantage player site based on the principles of comity. That is, civil and considerate behavior for the mutual benefit of all involved. The goal of advantage play is the legal extraction of funds from gaming establishments by gaining a mathematic advantage and developing the skills required to use that advantage. To maximize our success, it is important to understand that we are all on the same side. Personal conflicts simply get in the way of our goals.