My Introduction and Questions

[whattodo]

I used to play BJ a long time ago and then stopped because of losing too much money, and have recently started again. This time I am trying to do things somewhat more correctly.

My biggest problem is not knowing when to stop, walk away, take a break, etc.. I have been reading about bankrolls on this forum but unfortunately this is not the way I do things.

I have at one point turned $100 into $5K, 8k, 20k. I normally start with $500 or $1000 that I bring with me and play $50 a hand until things go well, then raise it to $100, 150, and usually up to 800-1000 a hand depending how great the cards are running.

Is it naive of me to think that I can start with $500-1000 and turn that into a $1,000 profit each day and walk away from that? Making $1,000 profit starting with $1,000 bankroll is not hard for me. Sometimes I can do it in 5 minutes, other times in a few hours. Should I just walk away after I make the $1,000 or keep playing and try to squeeze out more. This is more a question of my money management than my BJ skills.

[Sonny]

Originally Posted by whattodo

This is more a question of my money management than my BJ skills.

I disagree. Without skill, how do you expect to win?

Originally Posted by whattodo

Is it naive of me to think that I can start with $500-1000 and turn that into a $1,000 profit each day and walk away from that?

Unless you are playing with an advantage over the house then it is naive to think that you will make a long-term profit.

-Sonny-

[whattodo]

I have the skill to play the game well. I don't have the money management skills which is why I am trying to come up with a method.

[Sonny]

In order to manage your bankroll you need to know how much of an advantage you have and how big the swings will be. Do you know what your EV and SD are? If not, I can help you find them based on your playing and betting strategy.

-Sonny-

[whattodo]

No I don't. In fact I am not familiar with that terminology. I am new to reading about BJ even though I play pretty well. The only thing I cannot do is count cards (yet). Can you please PM me to discuss.

Thank you

[Sonny]

Please describe your strategy and I can tell you what kind of advantage you have.

-Sonny-

P.S. - As a new member your PM privileges are not activated yet.

[whattodo]

I basically start at $50 a hand. If I win, I increase my bet to $75. If I lose, I usually start over at $50. I raise my bets as I am winning, and decrease them as I am losing.

Also it appears everyone has their own strategies on bankroll (e.g. onlineblackjack.org/blackjack-bankroll-management.html) - they seem to suggest much larger numbers for betting and lower bankrolls than anyone would on this forum?

[Sonny]

Originally Posted by whattodo

I basically start at $50 a hand. If I win, I increase my bet to $75. If I lose, I usually start over at $50. I raise my bets as I am winning, and decrease them as I am losing.

You are using a progression system similar to the Martingale system. It will not give you an advantage over the casino. Read through the sticky threads in the Voodoo Betting Strategies forum to learn more.

Originally Posted by whattodo

Also it appears everyone has their own strategies on bankroll (e.g. onlineblackjack.org/blackjack-bankroll-management.html) - they seem to suggest much larger numbers for betting and lower bankrolls than anyone would on this forum?

That website is absolute garbage. The information there is not going to teach you anything worthwhile about the game. Check out the sticky links in the Card Counting forum for an introduction on how to play the game properly.

-Sonny-

[whattodo]

Is there a betting strategy that actually works then? Every site I have found lists a bunch of strategies and then goes on to prove that they do not work. So what works? straight betting?

[whattodo]

And on top of that.... regardless of how perfect you play, the house will always have an edge. Therefore, how can any system ever have a proven positive outcome over the long run? If it can't, then the best betting systems would be the ones that work short term or that you can ride out the longest?