K-O Rookie??

[slim100_us]

I have two question about the K-O Rookie system.

1. In the K-O book it states that using the K-O Rookie system with six decks and a 1-5 bet spread you will have a .26% expectation. Does this mean that for every $100.00 I wager I will earn .26c, or $26.00???

2. My second question is I am going to try the K-O Rookie system in a 6 deck game ware I am betting $3.00 for my small bet and $15.00 for my big bet (1-5 spread). How much should I bring to the table for each session? I was thinking of bringing about $80.00, do you think that will be enough?

Thanks for you help!!

Slim

[golfnut101]

1. .26c/every 100.00

2. not nearly enough. thats only 15 big bets. what if you have lots of
splits/dd ? make sure youre rules ar same as benchmark rules in book.
This is huge given youre small spread and min advantage, should you ever
get one...

[EasyRhino]

80 bucks would be great for flat-bettin $3, but for a 3-15 spread, I'd probably recommend 300 for one night, and there's a risk of losing it all if you have a bad streak with big bets out.

[Mikeaber]

No, .26% is .0026 in decimal or $100 * .0026 = $.26 per one hundred dollars wagered. You will pretty much double that expectation if you bump your spread to 1:10 instead of 1:5.

I use KO on 6-deck games. Unless you are Backcounting or exiting on negative counts, a 1:5 spread isn't enough to capitalize on the bet ramping. I'd suggest at least a 1:10 spread ($3-$30) and you'd need to carry more like $500 to the table at a minimum. In another topic we were talking about the advantage of card-counting and what happens on the high counts. Basically, you are going to lose a lot of those really large bets and with a few losses with splits and doubles, you could eat up $80 in one or two hands easily. A moderately bad run of luck could eat up $500 too but as I said, $500 would be a minimum and would still carry a pretty high risk of ruin (somewhere between 30% and 40%.) That risk of ruin is the percentage of the time that you'll go broke before doubling your bankroll of $500.

[golfnut101]

Mike

Correct me if I am wrong, but I dont think your ROR is quite that hi if you are able to backcount and if you adhere to a strict exit strategy on neg counts ?

thnx

[Mikeaber]

Originally Posted by golfnut101

Mike

Correct me if I am wrong, but I dont think your ROR is quite that hi if you are able to backcount and if you adhere to a strict exit strategy on neg counts ?

thnx

You are correct. I was not considering that. In fact, I took the figures from a table that is for double deck with a 1:5 spread using preferred strategy in KO. It's apples and oranges, but probably not that far off for someone playing all hands in 6-deck.

[slim100_us]

I guess my question is, how much should I bring to the table with me, or how much should I allow my self to lose before I call it quits for the day?

Thanks,

Slim

[Mikeaber]

Originally Posted by slim100_us

I guess my question is, how much should I bring to the table with me, or how much should I allow my self to lose before I call it quits for the day?

Thanks,

Slim

Well, with $80, I'd certainly be ready to lose it all. I'd only flat bet that amount at the minimum and play straight Basic Strategy...maybe take insurance and even money if I was counting when the count got to +3.

But as to how much to lose....I wouldn't take more than I could afford to lose to the table. Even on a $3 table, I wouldn't feel very comfortable with less than $500 if I was spreading 1:10 ($3 to $30) per bet unless I was getting out of Dodge on negative counts or just coming in when the shoe was positive.

[golfnut101]

Hey Slim

Maybe the more pertinent question is: are you ready? If you are asking when you should 'stop', that means you either do not have the proper br, or you do not understand ap. You stop when the advantage stops, plain and simple, or when you no longer can count effectively. Make sure you have practiced so that everything is second nature. Read some of Bojacks posts about this. if you are playing with 'scared' money, you are doomed. I hope you are, and I wish you good luck, but I also know you annot practice enough, and it is alot tougher than most of us 'newbies' realize. Be prepared by educating yourself to the nines.

take care

[sagefr0g]

Originally Posted by slim100_us

I guess my question is, how much should I bring to the table with me, or how much should I allow my self to lose before I call it quits for the day?

Thanks,

Slim

hey Slim, here is how i approach a day trip to a casino. what i do is i only take as much of my bankroll with me that i feel comfortable with losing it all during that trip. whats key here is that you need to have enough cash to be able to get in a 'reasonable' span of play time. for myself i'm happy if i last at least an hour but preferrably i'd like to at least get in three hours of play. if you was playing a dead even game you wouldn't expect to be ahead or behind more than twenty units after an hours play for about 68 such sessions out of a hundred. and you wouldn't expect to be ahead or behind more than forty units after an hours play for about 95 such sessions out of a hundred.
that being so to me thirty units is a reasonable trip bankroll for an hours play. me wanting to possibly play three hours well what i do is bring sixty units and i'm fully prepared to lose that amount on that trip .
i only play five dollar minimum tables so that is three hundred dollars that i bring for a given trip. you are playing three dollar minimum tables so if you where to follow suit with my approach you'd bring one hundred and eighty dollars if your unit bet is three dollars.
when playing if your trip bankroll starts getting really low you should only continue to play if you have enough to properly double down and or split and still be able to double down on your splits. you should also have enough to make your max bets.
additionally i agree with Mike in that you should have about a 1:10 spread.
i believe you could benifit by researching some info about ROR (risk of ruin), Kelly betting and variance/standard deviation.