Diversifying my bankroll

[Dyepaintball12]

Bank of America.

[blackjack avenger]

Bj

[Dyepaintball12]

Originally Posted by blackjack avenger

Bj

There comes a point when your BR would get too large to support an acceptable level of betting.

[blackjack avenger]

Originally Posted by Dyepaintball12

There comes a point when your BR would get too large to support an acceptable level of betting.

When do you think that is?

[blackjack avenger]

If there is a chance you need access to the money due to losses & you want to protect the investment. You probably want liquid (readily available) and short term. This probably means cash, which probably leads to a money market or interest bearing account.

Why would one risk their small bank in risky investments when the AP play is the best option. If AP is not the best option then why do it?

[Lonesome Gambler]

Originally Posted by Dyepaintball12

There comes a point when your BR would get too large to support an acceptable level of betting.

True, but probably not the issue in this case. Just a guess, but I believe Sleight is playing mostly poker these days and sticking with a particular limit/stake, which can't really benefit from the inflated bankroll, as the swings are somewhat consistent. You can only be so bankrolled for $5/$10NL, or whatever.

To me, the answer would almost certainly be to leverage this money with some sort of AP, but as Sleight is likely busy playing poker, that would probably be an undesirable option. There are plenty of low-risk, low-return options (banks) and high-risk, high-return options (stocks), but I think the best bet would be investing in skilled APs. Living in Vegas, he'll probably be in touch with a few talented players that have more skill than they do bankroll (a problem that they won't have for long), and he could potentially have an opportunity to get involved with them at a time when their bankroll growth could be mutually beneficial. Another option would be to invest in a winning team of players, but a team of highly-skilled (ie. low-risk) APs will probably not need outside investment, which complicates matters a bit.

Still, I think that finding a good AP opportunity to invest in presents a much better risk:reward scenario than many of the traditional options.

[blackjack avenger]

Originally Posted by Lonesome Gambler

True, but probably not the issue in this case. Just a guess, but I believe Sleight is playing mostly poker these days and sticking with a particular limit/stake, which can't really benefit from the inflated bankroll, as the swings are somewhat consistent. You can only be so bankrolled for $5/$10NL, or whatever

I agree, but the bank needed to be safe for a fixed betting level poker game is quite high. If moving down a level in stakes means a penalty then that puts a premium on the bank being large enough to continue at current stakes. Of course playing the same level is very important for the long run. Finally, it would be ashame to go broke if one is playing a winning game.

The size of the fixed level poker bank?
1/8 Kelly comes to mind!

[blackriver]

Originally Posted by blackjack avenger

If there is a chance you need access to the money due to losses & you want to protect the investment. You probably want liquid (readily available) and short term. This probably means cash, which probably leads to a money market or interest bearing account.

Why would one risk their small bank in risky investments when the AP play is the best option. If AP is not the best option then why do it?

This its exactly what I practice, but still the anger is, because you don't have all of your roll on the table at once. I think highly liquid assets are ther best option. Do many APs but houses and other dumb sit and almost always regret it (crisis aside).

[BJinNJ]

If you want to be sure you get your money back in 1 year,
plus a little (and I mean little) interest, then a Money Market
or bank Savings account is good.

If you have 2 years, you can get a gov't guaranteed bond and
make a bit more, but not much more. The bond will fluctuate
if interest rates rise, but if you hold it until maturity(2yrs), you
get all your money back, plus the interest.

Don't buy long-term bonds(5 or 10+ yrs) when interest rates are
low, unless you know how to trade them.

Gold can, and does, go up and down. No guaranteed return. But
it is never worthless, either.

jmho

BJinNJ

[moo321]

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