shadroch said:
As a player just starting out,all I need to worry about is trip BR,no?
Well, that depends. What happens if you lose your bankroll? Will you quit playing forever or just save up more money and start again with a new bankroll?
shadroch said:
When people refer to a non-replenished BR,I'm assuming they are talking about someone gambling full-time,with no means of replacing lost money,except for winnings. Is that correct?
Right. A non-replenishable bankroll is one that will not be supplemented by other income (like a job). If you lose your bankroll then you are broke and can never afford to gamble again. :sad: If that is the case then you should be extremely worried about your lifetime ROR.
Most recreational players have a replenishable bankroll. If they lose a portion of it during a losing streak, they just replace it with money from their paycheck or other account. Player like that are mainly concerned with their trip ROR. They don’t want to go broke in the middle of a trip, but they aren’t as worried about losing all (or most) of their bankroll during a single visit.
I am a fairly conservative player. Even though I have a replenishable bankroll I prefer not to take money from my other sources to fund it. If I have some extra money at the end of the month I am happy to add it to my bankroll, but I would rather use it for other things. I prefer to focus on my lifetime ROR so that I don’t have to save up a new bankroll every few months (even though it may never happen).
Even though sizing your bets for a trip ROR is much riskier, there is nothing wrong with doing it. Risk is a very subjective thing and everyone will have their own tolerance that works for them. There is no such thing as a “right” or “wrong” ROR for every player. As long as you understand the risk involved and the potential consequences, any ROR you decide to use is correct.
-Sonny-