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Thread: Ideas on cashing out from bankroll?

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  1. #28
    Senior Member Aslan's Avatar
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    Quote Originally Posted by Tthree View Post
    If you got a RoR for reinvesting your winnings, as they all seem to be. If you take your winnings the RoR that was calculated is not correct. You were deluding yourself to call that your RoR. Yes you would go back to your original RoR but what you quote as your RoR is not actually your RoR because you are not reinvesting your profits. Your original RoR was some higher percentage than what was calculated using the calculators. I keep referring to Don's statement that if you don't go bust quickly you probably won't go bust. That is because your BR is growing. If you don't allow it to grow you are always in that starting period where you are far more likely to go bust. Think about that for a minute.A certain size downswing will bust you. If you grow your BR much you are probably out of the woods and much more unlikely to bust. is is part of the RoR percentage. If you never grow your BR you are always in the higher percentage part for going bust. Your RoR is therefore much higher than the calculator told you it was. The RoR calculators output is not your RoR because you never grow your BR to a point that you are probably out of the woods.
    I don't think Don's comments envisioned you never taking your winnings, but growing it until the day you die. That doesn't make any sense at all. Don considers ROR to be all the money you "win" in a lifetime, not all the money you keep in your bankroll. Let's say I had $100,000 to play a $25 game. Do you seriously think that I am at risk of losing my bankroll because I am taking all my winnings off the top? There is little chance of losing it all. I would measure my lifetime "winnings" over my lifetime losses, not what I still had in my bankroll per se.

    Where the real risk is is when a noobie has the bare minimum bankroll to get himself started so that it doesn't take much to wipe him out. He obviously does not have a replenishable BR, and everything depends on his getting lucky to start with, because although he is playing with an advabtage, he is really gambling to a very large extent. You might say his long run is too short for comfort.
    Last edited by Aslan; 04-29-2015 at 10:14 PM.

    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 - 8/23/10... “Life’s most urgent question is: what are you doing for others?” — Martin Luther King, Jr.

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