I would swear that I'd posted something about this somewhere, but for the life of me, can't recall where! Old age is hell!
I sometimes (emphasis on SOMETIMES) us a money management methodology. Usually, I'll fall back on this after I've suffered a couple of bad weekends at the BJ tables.
This has nothing to do with progressive betting. It could be modified to use with any method of betting strategy though I think it would defeat the purpose if you are counting and betting accordingly.
I will budget a finite amount to take to the casino and break it into equal amounts to risk each day I'm there. At the end of each day, win or lose, that part of the BR is "out of play." The next day, I start over with the allocation for that day.
I predetermine what session limits I think are appropriate. For example, if I'm playing at a $5 table, intend to bet the minimum and allocate $100 for the day, then, I might set $25 as a session limit.
I start of with the $100 and if I get ahead $25, I rathole it. It's basically "out of play" or as someone else said on this forum, I would "bank" it. If I win another $25, I'll bank that also. But once I lose $25, I take a break. Go play video poker or people watch for a while. Maybe find another table. Anything to break the mindset of losing.
When I return, it's like starting over except that I have only $75 to play with regardless of what has been ratholed. When the $75 is gone, I stop and take inventory. If I want to continue, with part of my ratholed money, then of course, I do so. But this at least forces me to make a conscious decision so that I do not just blindly lose my entire BR!
It's a crutch to remind me of where I'm at at any given time during play.
Of course $25 and $100 with $5 bets may not be your gig. But you could adjust it to whatever suits your style and comfort zone. The thing is, most recreational players (non-counters especially) need some sort of money management methodology. We all know that during the heat of the play, it's not that hard to throw caution to the wind and go for broke...and all too often, achieve it! This method is nothing more than a red flag to help avoid the mental let-down of walking away with nothing. You still may walk away with nothing, but at least it won't catch you by surprise <LOL>
I sometimes (emphasis on SOMETIMES) us a money management methodology. Usually, I'll fall back on this after I've suffered a couple of bad weekends at the BJ tables.
This has nothing to do with progressive betting. It could be modified to use with any method of betting strategy though I think it would defeat the purpose if you are counting and betting accordingly.
I will budget a finite amount to take to the casino and break it into equal amounts to risk each day I'm there. At the end of each day, win or lose, that part of the BR is "out of play." The next day, I start over with the allocation for that day.
I predetermine what session limits I think are appropriate. For example, if I'm playing at a $5 table, intend to bet the minimum and allocate $100 for the day, then, I might set $25 as a session limit.
I start of with the $100 and if I get ahead $25, I rathole it. It's basically "out of play" or as someone else said on this forum, I would "bank" it. If I win another $25, I'll bank that also. But once I lose $25, I take a break. Go play video poker or people watch for a while. Maybe find another table. Anything to break the mindset of losing.
When I return, it's like starting over except that I have only $75 to play with regardless of what has been ratholed. When the $75 is gone, I stop and take inventory. If I want to continue, with part of my ratholed money, then of course, I do so. But this at least forces me to make a conscious decision so that I do not just blindly lose my entire BR!
It's a crutch to remind me of where I'm at at any given time during play.
Of course $25 and $100 with $5 bets may not be your gig. But you could adjust it to whatever suits your style and comfort zone. The thing is, most recreational players (non-counters especially) need some sort of money management methodology. We all know that during the heat of the play, it's not that hard to throw caution to the wind and go for broke...and all too often, achieve it! This method is nothing more than a red flag to help avoid the mental let-down of walking away with nothing. You still may walk away with nothing, but at least it won't catch you by surprise <LOL>