I play with around a 20% Trip ROR...I bring only 10 max bets. I hate having to resize because of a loss. I personally wouldn't do it unless you are going away for a whole weekend and are about to lose everything on the first day. If I experience bad flux, then so be it and I'm going back home, otherwise I hope to hit some good hands and start off winning. I would hate to lose a lot and then gain back slow.
How to bet with a replenishable bankroll?
- Thread starter Mimosine
- Start date
I was thinking about this exact same thing today. Instead of a bank roll I was thinking in terms of what you would call a "life roll". Forget about if you tap out on a particular trip and bet at a level where you will be taking some pretty hard hits on the neg variances but learn to live with the down psychology that follows those streaks.
I used to play all night in Vegas and maybe make $1,000 a couple times but lose $1,000 once also. Thats 25 hours at roughly $40 per hour and I would guess that was my average bet.
If I was confident with my success history and not afraid to eat the airline ticket why not triple that number. In the past a 3k hit would be hard to swallow but I see now that getting action out on the table is the only way to really bring in the money.
That and wonging.
I used to play all night in Vegas and maybe make $1,000 a couple times but lose $1,000 once also. Thats 25 hours at roughly $40 per hour and I would guess that was my average bet.
If I was confident with my success history and not afraid to eat the airline ticket why not triple that number. In the past a 3k hit would be hard to swallow but I see now that getting action out on the table is the only way to really bring in the money.
That and wonging.
Bankrolls
If you want to have a fixed betting strategy then .25 fixed Kelly for a .03% ROR is often quoted in literature. If you want to make it fifth Kelly to account for human error I would not think it is the worse thing in the world.
If you think in terms of Kelly resizing then you will have a 0% ror provided you actually reduce your bets when losing. It may be best to set your bets at anywhere from .5 to .9 Kelly to make sure you have the cushion so you are not betting over fractional Kelly.
If you want to have a fixed betting strategy then .25 fixed Kelly for a .03% ROR is often quoted in literature. If you want to make it fifth Kelly to account for human error I would not think it is the worse thing in the world.
If you think in terms of Kelly resizing then you will have a 0% ror provided you actually reduce your bets when losing. It may be best to set your bets at anywhere from .5 to .9 Kelly to make sure you have the cushion so you are not betting over fractional Kelly.