I am playing bj on replenishable bankroll.
Replenishable bankroll= 20,000
I have invested 7000$ so far ( not including bj profit).
I am investing almost every biweekly.
Lets say now i have made 5k from blackjack profit.
Should i make my bet spread with 25k instead of 20k.
Or should i wait untill i have 20k on me from other source and then change my bet spread with profits.
You can enjoy reduced risk of ruin or adjust your bet spread and make more in hourly earnings with the same risk of ruin.Originally Posted by Blackjack player
It is always better mathematically to resize but there are practical and psychological considerations.
A more exact answer requires simulations as suggested above.
I often ask myself "How will the actions and decisions that I take today affect my life five years from now?" So in this case, ask yourself "How long will I be playing blackjack and how much do I hope to make in this time?"
I say this because you will take one heck of a beating at some point if you haven't already. And when I mean a beating, I'm talking about losing every single big bet that you have in just one shoe. Every double down, everything. So keeping that in mind, IMO, you should stick with your current bets for some time. The more money you make, the lower your chance of ruin provided you stick with your current bets. It's good for cover as well. They don't want to see you getting greedy.
Any strategy you implement in blackjack or any other investment should be focused on not losing before winning. In BJ, this includes your bankroll of course but also your invitation to play. If you protect your losses as much as reasonably possible, the wins will come.
I like this comment. You have to be prepared for a truly horrific swing at some point in your career. This breaks a lot of ap's. If you can survive it the rest is easy.
Bankroll growth is really important early on but once you are happy with your absolute returns per hour I agree reducing variance becomes more important.
It was more than brutal - a 3 month torture of 60k. Fortunately, the year or 2 before, a 3 month odyssey easily exceeding.I like this comment. You have to be prepared for a truly horrific swing at some point in your career. This breaks a lot of ap's. If you can survive it the rest is easy.
Agreed. It should be noted that my pet theories were only in conception phase during the above 2 noted scenarios. Also, my own current perceptions are the more hours played per time period, the more opportunity one has to handle the ups and downs of variance. Reduced hours makes one more sensitive to variance.Bankroll growth is really important early on but once you are happy with your absolute returns per hour I agree reducing variance becomes more important.
I feel your pain. I've hit a streak where I am losing more big bets than winning and getting chipped away at lower counts.
It makes you question everything. Especially when, even at high counts, the house still wins more hands than you. So if they win more hands when you got big money out it seems like your just going to lose quicker.
Obviously the answer is blackjack payouts, doubles and split opportunities and Insurance are the only things that keep you in the game when you finally get that positive variance..... luck
With that said, I've had nights where I lost every split and every double when I had my big bets out. It takes balls of steel to stay in this game and carry on
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