From the airport, going home-Las Vegas last day.

[ZeeBabar]

If your bankroll goes down by 10 percent, you could maybe rescale your betting system by a factor of 0.9. This would be a rational decision, or maybe wait till it goes down to 80 percent. But getting upset about every little loss won't help. 750 dollars is less than 1 percent of your bankroll. Do you also complain or get enthusiastic after winning 1 percent (800 dollars) of your bankroll?

its being a human, hard to dump it and become cold emotionless Mr. Math.

[PinkChip]

I must admit not having put it to the casino test myself, only exercising at home, mostly assuming 5000 dollar bankroll, spreading 6 deck 1:10, 5 to 50 dollars. When I lose some red chips, I don't get nervous - this can even happen using Basic Strategy. Losing 50 dollars (1 percent of BR) doesn't bother me.

But losing several max bets in a row, let's say 10 max bets or 500 dollars or 10 percent of BR would bother me. I guess I would play on and after losing 20 percent (only 4000 BR left) downsize my max bet to 40 dollars. Problem is, as a red chipper I could often not downsize my min bet to 4 dollars (there are not many 3 dollar min tables, at least not 3:2) , and 5 to 40 is only a 1:8 spread.

However, you could downsize your min bet. Let's say you spread from 25 to 250 dollars (25000 BR assumed). After losing 20 percent of your BR (only 20000 left), you could downsize by 20 percent and spread from 20 to 200 dollars (unless table min is 25, but there are 15 dollar min tables).

[refinery]

If I had to guess, I'd say the opposite is true. For people who are very serious about this, desensitization to losses is the bigger issue.

[BoSox]

Well, in my case, it’s hand to mouth. Fixed income just enough to cover expenses.

Zee this alone is saying a lot.

My BJ is the supplemental income used strictly for luxuries like a vacation or car.

Taking into account just how important an AP's playing bank is for longevity purposes, would an AP with an $80k playing bank even consider using expenses for luxuries at that point in time? I think not considering what it will do to their risk of ruin formulas. Zee, with that type of thinking in mind you possibly should consider that you are playing off of something like a $60k bank in reality while keeping $20k in a reserve fund. Don't take this the wrong way it is only an opinion.

[ZeeBabar]

Zee this alone is saying a lot.



Taking into account just how important an AP's playing bank is for longevity purposes, would an AP with an $80k playing bank even consider using expenses for luxuries at that point in time? I think not considering what it will do to their risk of ruin formulas. Zee, with that type of thinking in mind you possibly should consider that you are playing off of something like a $60k bank in reality while keeping $20k in a reserve fund. Don't take this the wrong way it is only an opinion.

Thanks Bosox. You are probably correct.

[Goatlife]

its being a human, hard to dump it and become cold emotionless Mr. Math.

not true at all. stop with the excuses, you have like 80k sitting in a shoe box strictly for bj and cant stomach a 5k loss. You got to get better at this or quit and yes im picking on you.

[ZeeBabar]

not true at all. stop with the excuses, you have like 80k sitting in a shoe box strictly for bj and cant stomach a 5k loss. You got to get better at this or quit and yes im picking on you.

I needed that ! Thanks. Actually, it’s now in a safety deposit box in a bank. I only look at what I usually have on me, $10k, and for that, a $5k loss is huge.

[Midwest Player]

Well, in my case, it’s hand to mouth. Fixed income just enough to cover expenses. My BJ is the supplemental income used strictly for luxuries like a vacation or car.

Zee, I think most retired folks have income coming in thats just about enough to cover expenses. I have only about $200 more a month coming in than I spend. However, my Dad use to say he could go and pay cash for 5 new Cadillac's if he wanted to. I do think most folks also have a nest egg in case they need it, and if you don't I suggest you take part of your $80,000 bankroll and make it your nest egg.

I can't understand why you have $80,000 that is just sitting there not earning any income. Take $10,000 to $12,000 for a playing bankroll and invest the balance in a money market account or some other liquid investment and earn some interest. Just $50,000 invested at 2 percent interest will give you a $1,000 in interest per year.

[Counting_Is_Fun]

Zee this alone is saying a lot.



Taking into account just how important an AP's playing bank is for longevity purposes, would an AP with an $80k playing bank even consider using expenses for luxuries at that point in time? I think not considering what it will do to their risk of ruin formulas. Zee, with that type of thinking in mind you possibly should consider that you are playing off of something like a $60k bank in reality while keeping $20k in a reserve fund. Don't take this the wrong way it is only an opinion.

Zee, BoSox is a smart dude, with another good observation. Be truthful with yourself what your real bankroll is. If you are spending out of it... luxuries, vacations etc...then that is not your real bankroll. Maybe that is why you are so sensitive to the losses...you don't trust your bankroll, because you know it's not real.
And just keep in mind...playing green at DD like 1-6, you can sit down and lose like 1K in like 10 minutes very easily. But of course sometimes you sit down and win the same amount...that's what kind of makes it fun. As long as you are sure you are playing BS and like I18...and NOT under betting, or over betting...you will win in the long run. And that under betting will kill you just like anything else. Good luck.

[Counting_Is_Fun]

SVR was great but did not live long enough, did not play across genres. Same thing with Jimi. It’s the difference between flash and substance. In any case, it’s opinion. I loved the SVR version as well. Wonder if he could have done as well as Clapton is doing at 70+. Also, Winwood is a better vocalist, the band is better than that backing SVR.

Zee SRV was no flash, come on man lol, listen to more and your mind will explode. We can only imagine what he would have done if he lived into his 70's like Clapton. But I would never argue with you on Jimi, Clapton, Winwood etc...all amazing.

[ZeeBabar]

Zee SRV was no flash, come on man lol, listen to more and your mind will explode. We can only imagine what he would have done if he lived into his 70's like Clapton. But I would never argue with you on Jimi, Clapton, Winwood etc...all amazing.

SRV was great and I have at one time or another, had all his albums. He was a great showman too. The problem is that the videos take him a lot further. Other greats such as Roy Buchanan and Freddie King or the Cream Clapton were not captured on tape. In any case, good to hear someone likes guitar music. That Winwood/Clapton live at Madison Square Garden is one of the best live shows ever. If you can get a CD, get it. There is also some great collaborations on any of the “Crossroads” Festival recordings on Youtube.

[21forme]

I can't understand why you have $80,000 that is just sitting there not earning any income.

It should be obvious based on his past posts. It's undeclared income. While his risk of audit is very small, if he does get audited, how does he explain the cash influx into his brokerage account?

[kuma]

Besides — if he puts it in an S&P 500 index fund and the market drops 1% on some random day he’s likely gonna be scratching to lock in that loss...