I play at a 8 deck Casino

[AussiePlayer]

I started out with $100

My guess was I tried to over bet. I did bet $100 at that time and lost it back.

Your BR was $100 and your max bet was $100? That is definitely overbetting!

 

[jase]

Your BR was $100 and your max bet was $100? That is definitely overbetting!

Sorry, I think I didn't make myself clear. I started off with $100 and won $125 that would be like $225 in total. I then tried to bet $100 just to make the total to around $300. All I am doing is trying to increase my bankroll size. I just want to increase it to $1000 atleast so I can place bets of minimum of $50.

Any thoughts if I bet a minimum of $5, what do you suggest my bet spread to be?

 

[jase]

You need to be consistent with the process. If you are flooring it is 0, if you are ceiling it is +1. Rounding it is also +1. Most recommend flooring so that you have an advantage when you deviate from BS. I feel flooring is important. Others will give you differing opinions. Smaller positive indices have a higher frequency than larger positive indices. That makes the frequency of deviating from BS before it is advantageous significant if you round up your estimation. You are better off losing advantage gained by deviating from BS by waiting for a larger advantage affecting a smaller frequency of lose than deviating from BS before it is advantageous at a higher frequency. In general it costs you less in the long run.

To be honest I am not sure what this means ....
"Smaller positive indices have a higher frequency than larger positive indices. That makes the frequency of deviating from BS before it is advantageous significant if you round up your estimation. You are better off losing advantage gained by deviating from BS by waiting for a larger advantage affecting a smaller frequency of lose than deviating from BS before it is advantageous at a higher frequency."
I am pretty new to card counting and would not know what it meant.

 

[21gunsalute]

Sorry, I think I didn't make myself clear. I started off with $100 and won $125 that would be like $225 in total. I then tried to bet $100 just to make the total to around $300. All I am doing is trying to increase my bankroll size. I just want to increase it to $1000 atleast so I can place bets of minimum of $50.

Any thoughts if I bet a minimum of $5, what do you suggest my bet spread to be?

With a $1000 bankroll your min bet should be $5 and max somewhere in the $20-25 range probably. Maybe someone can sim it for you, but you are waaaaaaaaaaaaaaaaaaaaay overbetting. You've been extremely lucky so far. You could easily lose your entire bankroll in about 20 minutes or much less if you keep going the way you are now.

 

[AussiePlayer]

Sorry, I think I didn't make myself clear. I started off with $100 and won $125 that would be like $225 in total. I then tried to bet $100 just to make the total to around $300. All I am doing is trying to increase my bankroll size. I just want to increase it to $1000 atleast so I can place bets of minimum of $50.

Any thoughts if I bet a minimum of $5, what do you suggest my bet spread to be?

Regardless of how much you won, your BR was $100 and your max bet was $100!

If trying to win yourself a bankroll is your only option, I would guess you have about a 1% chance of success. You'd be much better off not playing at all and studying/practicing whilst saving money for a bankroll

Any suggestions on how to spread my bettings?

If you only have $100 session bankroll, your minimum bet should be $1 and you max bet $10! That is how much you're overbetting!

 

[jase]

With a $1000 bankroll your min bet should be $5 and max somewhere in the $20-25 range probably. Maybe someone can sim it for you, but you are waaaaaaaaaaaaaaaaaaaaay overbetting. You've been extremely lucky so far. You could easily lose your entire bankroll in about 20 minutes or much less if you keep going the way you are now.

Yes, you are absolutely right. I was too greedy. Need to discipline myself from now. I did lose about $250 last night. And it was heartbreaking. But all in all it was still the bonus money I am playing with. I've won $300 with just the $10 bonus, and I've cashed out $200 and still got about $100 to play with. Last night I lost about $250 from what I made with the $100. Now I am just down to $60 to play with. All I have to blame is myself.

I have another question to ask. Is it possible to make $100 per day with card counting?

 

[jase]

Regardless of how much you won, your BR was $100 and your max bet was $100!

If trying to win yourself a bankroll is your only option, I would guess you have about a 1% chance of success. You'd be much better off not playing at all and studying/practicing whilst saving money for a bankroll

I am still using the bonus money the casino gave me to play. I haven't used my own Bankroll as yet.

If you only have $100 session bankroll, your minimum bet should be $1 and you max bet $10! That is how much you're overbetting!

Well, the Casino's minimum is 5.

 

[21gunsalute]

Yes, you are absolutely right. I was too greedy. Need to discipline myself from now. I did lose about $250 last night. And it was heartbreaking. But all in all it was still the bonus money I am playing with. I've won $300 with just the $10 bonus, and I've cashed out $200 and still got about $100 to play with. Last night I lost about $250 from what I made with the $100. Now I am just down to $60 to play with. All I have to blame is myself.

I have another question to ask. Is it possible to make $100 per day with card counting?

Please read everything you can on this site, especially the stickes and the Blackjack School link on the left hand margin. The sky is the limit as to how much you can make by counting cards, but you need a much, much, much larger bankroll and need to be well versed in all aspects of the game such as bankroll, bet sizing, basic strategy, index plays and variance.

 

[AussiePlayer]

Well, the Casino's minimum is 5.

That is the lowest you will find anywhere these days. That is why you need a bigger bankroll.

 

[jase]

Please read everything you can on this site, especially the stickes and the Blackjack School link on the left hand margin. The sky is the limit as to how much you can make by counting cards, but you need a much, much, much larger bankroll and need to be well versed in all aspects of the game such as bankroll, bet sizing, basic strategy, index plays and variance.

Thank you for your patience. I am prettty serious about card counting. I want to be really good at this. You see, I can't afford a large bank roll. At the moment the maximum I can dig out would be $100. But can you tell me where to start off? I mean what is the first thing I need to read. Help would be appreciated.