Chris: Bankroll and bet sizing question

[Chris]

I was wondering if someone could tell me if it is very likely I will go bankrupt according to the following criteria.

My total bankroll is $1000. I would like this to last several 2 hour trips, let's say 12 total hours of playing.

The minimum bet at the casino is $10. The conditions are: 8 decks, DAS, S17, double down on any 2 cards, late surrender. 2-deck cut. Rarely any casino heat.

I use Wong's hi-lo counting method. I am willing to walk away whenever a count turns negative, or to only jump into a game when there is a +1 count or greater. Also, if I need to wong out at different true counts to make this profitable, please let me know.

Is the minimum bet too large a portion of my total bank roll (1%) to likely make this a profitable venture? What kind of betting spread should I use? Should I limit my big bet to some lower number (25, 30, 40 dollars?) to lower my risk of ruin? Any advice Mr. Schlesinger or anyone else can give would be greatly appreciated.

[Don Schlesinger]

> Any advice Mr. Schlesinger or anyone else can
> give would be greatly appreciated.

If you call your bank $1,000, and strictly back-count, you can bet $10 at +1, $20 at +2, $30 at +3, $40 at +4, $50 at +5 and $60 at +6 and above.

You have virtually no risk of tapping out after just two hours of play, and you have abnout a 2% ROR after 12 hours. However, your "global" ROR is a much-too-high 40%, meaning, of course, that this kind of overbetting is flirting with danger.

Simply put, no matter what your style of betting, using $10 units and spreading up to $60, with only $1,000 of bank is not a very good idea.

Don