My friend got an inheritance and wants to start a team. suggestions?

[stopgambling]

Dont make a price increase ,i will not be able to afford it after negative variance ! Actually i really liked it.

[RS]

• If you're serious about playing blackjack as a way to "invest" your $250K, you have a LOT of studying to do, a lot of practice to do, a lot of learning...basically, a LOT of a lot of things.
• You need to learn of bankroll management. Read up on "ROR" (Risk Of Ruin), Kelly betting (half and quarter Kelly). Figure out what is comfortable to you guys in comparison to what kind of growth rate you're looking for. If you want a huge growth rate, go for full-Kelly, although that does have a higher ROR. You could also go quarter-Kelly with a slower growth rate but lower ROR.
• Remember, at the end of the day, you're still gambling. But then again, you'd still be gambling by putting it into the stock market....or into real estate....or any other way to grow it.
• Once you know as much as you can, I'd advise that you actually practice/play at the lower levels with 5 or 10 minimum bets. Get used to the swings, both up and down. Only when you're actually playing, will you be able to figure out what heat is, what it looks and feels like, etc. Some things you can't learn in a book.
• I also would say that you read as many BJ books as possible. Get CVCX, CVData, and CVBJ. CVCX & CVData will let you simulate the game you're playing with your bet spreads and show you what you're expected to win per hour, how steep the fluctuations are, etc. CVBJ is a great practice software that lets you play a whole bunch of hands in a short term -- much easier than playing on your kitchen table.
• After you've played at low stakes for a while, get used to the environment, get your game down top-notch, then I'd start moving up to bigger bets.
• It's not going to take a few weeks or even a few months to get to the level where you want to be.
• If it's too much work, then I'd say you should probably invest it elsewhere, or perhaps find a team and invest in them. Just be sure you can trust them, have a team rule book, and all that stuff.
• Good luck with your 250K.

[NT21]

Do your book sales need a boost? LOL

Lol

[moo321]

Invest in a team with a team manager that knows what he is doing. You would need to master 2 independent skills to pull it off alone. All team members would need to master blackjack and the team manager would need to master managing a team. Odds of mastering both are not good

Precisely. I know of several players that are great players, but failed miserably at managing a team.

[NT21]

I know of several players that are great players, but failed miserably at managing a team.

It's no different than a Hall of Fame player basketball trying to manage or coach an NBA team. Michael Jordan has been a colossal failure in team management (Wizards, Bobcats). That being said, Larry Bird was coach of the year in Indiana. Playing and managing are different beasts. But that's not to say someone can't be good at both.

[21gunsalute]

He got 250k. Knowing him, he will end up doing something crazy with this money. We both know a little about basic strategy and I know a lot of the history of card counting and the whole M.I.T team and I watched the documentary about them and their business. I also started practicing about a year ago and then gave up when i realized you need a good bank roll to do this right.

We live in central coast of california. I think 7 hours from vegas. There actually happens to be a chumash casino within minutes of where we live.

With such a big bank roll we want to go about this perfectly. I have a feeling a lot of you would tell him to invest his money other ways but I know this guy and he is just going to go crazy with his money and he really likes the idea of creating a wining black jack team.

Have your friend send me a check for $250,000, along with a contract ironed out by an attorney of merit. I'll split the proceeds 50/50 with your friend. That's his best chance of making money playing blackjack.

[Nyne]

Has anyone noticed that this thread is over a year old? The OP hasn't logged in since January 2012.

[RS]

Clever troll....who bumped this!!?

[chang04133]

Nice catch. I really love even educated people use such a jargon Troll. I lo've it

[zengrifter]

User is banned, content deleted.

[Goatlife]

I definitely agree with the book recommendation. But make sure you buy one for friend, your parents, your neighbors, and anyone else you can think of.

Seriously,

I know i have said i love the book but i just came accross an article about someone interview nathaniel about the book... its pretty interesting.....its gives a good discription of the author..

http://thepogg.com/thepogg-interview...lackjack-life/