My formula for ending a session is based upon casino win tolerance and the number of lost max bets. I limit my downside to 10 max bets, keeping me from being destroyed by an unfavorable trend.
I don't like losing too much in BJ. I don't like them knowing I've got a lot of cash on me. Not that I actually care if they think I have $1K or $20K on me...but I think one would be deemed a lesser threat if he doesn't show he has a sufficiently large bankroll. Also, if you're in for a large amount and win it back, now you're in a weird position, where you're actually breaking even, but you are perceived to be a big winner. I'd rather book my losses and be perceived as a loser from time to time (or very frequently, if variance isn't being nice)....and be perceived as a big winner from time to time as well. Booking losses is good, too! [Especially if you're playing rated, for whatever reason.]
"Everyone wants to be rich, but nobody wants to work for it." -Ryan Howard [The Office]
Opinions and Commentary on the Gaming Industry: The Bear Growls
I understand that as long as you have an advantage you still have it even though you are losing heavily but sometimes the mental aspects can play a part in the game as well. Let's rule out a special game such as a hole carding opportunity or dealer errors etc that you may not have tomorrow and concentrate on just the average game you play daily.
I have noticed that when I hit a losing trend in a session and it continues and accumulates a very large loss, it bothers me. On the other hand, if I have a loss and it reaches a certain point, I say to myself "Ok, this game isn't going the way I planned, it is time for me to get off of this losing horse and find another mount" and I walk away with a 'manageable' loss which doesn't bother me and I just say "Well, that's the way it goes sometimes."
I know the argument is that changing to another table, or to another casino or even waiting until another day may not change anything and you should forget everything and get in the hours. My argument is that it is just one long game and the casino is operating right now and I am not there. They will be operating later today or tomorrow and I can start fresh. If I have a series of smaller losing sessions, then I say it is just variance and deal with it but I don't have the mental problem associated with gigantic losses.
It will all average out in the long run, no matter which route you take.
Play within your bankroll, pick your games with care and learn everything you can about the game. The winning will come. It has to. It's in the cards. -- Bryce Carlson
LVBear584, One day me and my partner got nearly wiped out of our winnings playing with a dealer named 'Moses' (he said he's been dealing for 2 decades) at Palace Station in LV. They legit let us spread what ever we wanted, heat free on the very sweaty DD game. The Pit Boss came up to me and said something along the lines of if I gave him my ID so he could make me a players card he would get me a dinner and "make sure I start winning". After concluding the session we talked about the dealer and this comment from the PB. Although he let us cut the deck after he shuffled We concluded that there was something VERY weird going on.. I still don't know to this day and it wasn't that long ago. We left to lose less, instead of fighting for our money back or playing the shady game. By far the weirdest thing that has happened in my say 8,000hour playing career. I am totally cool with losing 4-6k any given sitting, but this was by far the weirdest session, and it lasted for just under an hour.
Last edited by Orangechip2; 10-31-2015 at 09:52 AM.
There is no glory in practice, but without practice there is no glory . -Unknown
This is a good point. A bad trend may be because you are in the left tail of the advantage bell curve for the TC bin but most likely it is just variance. Also I wouldn't leave a nice advantage count no matter how many max bets I lost. When the advantage disappears either at the shuffle or by card removal that is the time to exit.
Once I get too emotional with the game , I let myself know it's time to leave(keep my game plan intact). Leaving a loser is always a good tactic with many places ,unless you are not unlikely to return or the opportunity is not gonna last anyway.I can always get it back another day or at another place. I still struggle with it sometimes(losing too much ,too fast) by staying extra 15-30 minute to get even .
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