maintaining bankroll? what do you do?

[BJPloppy]

Your bankroll should be able to withstand the ups and downs (variance) to a certain degree of certainty. For instance, you need to have an amount of money that would give you a 98% certainty of not going bust. If this makes no sense to you...search for postings in this forum that are about RoR (Risk of Ruin). Also look into purchasing CVCX to make it easy to figure out how large a bankroll you need and how much you should bet.

It sounds like you are approaching this as a replenish-able bankroll but it is at too small an amount. You will frequently go broke during times that you would have done better with more money. Even a trip bankroll that small will force you to leave the game at high counts on many occasions. It will also force you to play the worst games, so that even wonging will not save you. If you insist upon playing with small bankrolls (not advised) you should always add to it (pretend you lost and bring in new money every time you play), and never spend anything until you have saved up enough money to play with a reasonable RoR and EV.

[carib82]

Thank you I will look into the CVCX program and. What in your opinion is a good bankroll? I always felt 1000k was a good way to go but right now I am dabbling with 150-350.

[Freightman]

Thank you I will look into the CVCX program and. What in your opinion is a good bankroll? I always felt 1000k was a good way to go but right now I am dabbling with 150-350.

1000k = 1 million, so by extension, 150-350 suggests 150,000 to 350,000. Is that what you mean?, or the other.

[carib82]

no no. I am not a high roller as of yet I am new to the game. Forgive the confusion please I meant 150 - 350 dollars though I feel playing with 1000k will be my best option. I do not feel I am ready to go up that high yet though.

[nighterfighter]

no no. I am not a high roller as of yet I am new to the game. Forgive the confusion please I meant 150 - 350 dollars though I feel playing with 1000k will be my best option. I do not feel I am ready to go up that high yet though.

You said 1000k again.

Do you really intend to have a one million dollar bankroll? If so, please let me know how you intend to get there, and I'll join in on that.

I think you're confusing "1000" and "1k"? "K" indicates a multiple of a thousand.

Are you trying to say a bankroll of $1000, and you are currently at $150?

[pnork]

You said 1000k again.

Do you really intend to have a one million dollar bankroll? If so, please let me know how you intend to get there, and I'll join in on that.

I think you're confusing "1000" and "1k"? "K" indicates a multiple of a thousand.

Are you trying to say a bankroll of $1000, and you are currently at $150?

It's a common mistake I have heard spoken often -

"I won a thousand grand!"
"Really? you won a million dollars?"
"No, a thousand grand"

Speaks volumes...

[RenegadeNation]

Your bankroll should be able to withstand the ups and downs (variance) to a certain degree of certainty. For instance, you need to have an amount of money that would give you a 98% certainty of not going bust. If this makes no sense to you...search for postings in this forum that are about RoR (Risk of Ruin). Also look into purchasing CVCX to make it easy to figure out how large a bankroll you need and how much you should bet.

It sounds like you are approaching this as a replenish-able bankroll but it is at too small an amount. You will frequently go broke during times that you would have done better with more money. Even a trip bankroll that small will force you to leave the game at high counts on many occasions. It will also force you to play the worst games, so that even wonging will not save you. If you insist upon playing with small bankrolls (not advised) you should always add to it (pretend you lost and bring in new money every time you play), and never spend anything until you have saved up enough money to play with a reasonable RoR and EV.

This of course is correct and standard advice. But is it really applicable if you are not a professional? I don't really think so. First off the obvious, if you're not a winning player it doesn't matter what size your BR is. But if you are simply a recreational player that wants to take the game seriously and play a winning game AND have extra money (trip BR) that's really all a rec player should be concerned with. Take reasonable shots and build a BR. But you have to be honest with yourself about the money...is it really disposable or are you playing with the grocery money?

If you have $500 you really, truly can afford to lose, put it in your sock drawer. Take it with you when you go to the casino and if you win put it all away and forget it. If you lose, replace the $500 when you can and try again.

If you only have a couple of hours to put in playing a decent 6D spreading 5-80 with $500 you've got less than 1 in 5 chance of going broke and 80% chance of hitting some positive variance.

[ZeeBabar]

“But if you are simply a recreational player that wants to take the game seriously and play a winning game AND have extra money (trip BR) that's really all a rec player should be concerned with. Take reasonable shots and build a BR. But you have to be honest with yourself about the money...is it really disposable or are you playing with the grocery money?”

For 98% of those who go into card counting, this is all you can be, a recreational card counter. Sort of like all those who like basketball, only 1% can get to the NBA, maybe 10% can be pros eeking out a living and the other 90% end up enjoying the local gyms.

[BankerCA]

Sort of like all those who like basketball, only 1% can get to the NBA, maybe 10% can be pros eeking out a living and the other 90% end up enjoying the local gyms.

I would think these numbers would be much smaller...