Being Bankrolled

[Billy C1]

You knew it was coming

The old cynic says that only a small percentage of "arrangements" are viable. Always keep that in mind.

BillyC1

 

[Automatic Monkey]

Here's what I meant (real numbers from cvcx). These aren't what I'll be playing with due to the too-high RoR, and unreasonable spread, but just an example.

Let's assume I have $10k on my own. For a 10.4% RoR, I can make $47 / hour spreading $15 - $150.

Now, if I have $20k, to have a 10.4% RoR, I can spread from $25 - $425, and make $145 / hour.

Exactly the same RoR, but more than double the EV.

No wait, all other things (including RoR) being held constant, the ratio of unit to required bankroll is constant, for a single player.

If you have $10K and can spread from $15 to $150 and make $47 per hour at a 10.4% absolute RoR, that means if you have $20K, you can spread from $30 to $300 and make $94 per hour with a 10.4% absolute RoR.

 

[zengrifter]

If you have $10K and can spread from $15 to $150 and make $47 per hour at a 10.4% absolute RoR, that means if you have $20K, you can spread from $30 to $300 and make $94 per hour with a 10.4% absolute RoR.

Thats what confused me too? zg

 

[assume_R]

No wait, all other things (including RoR) being held constant, the ratio of unit to required bankroll is constant, for a single player.

If you have $10K and can spread from $15 to $150 and make $47 per hour at a 10.4% absolute RoR, that means if you have $20K, you can spread from $30 to $300 and make $94 per hour with a 10.4% absolute RoR.

You are absolutely correct, if I keep the spread exactly the same. I suppose I was just thinking that I could probably get away with a higher spread if the table minimums were higher, but that may not be correct.

 

[zengrifter]

I suppose I was just thinking that I could probably get away with a higher spread if the table minimums were higher, but that may not be correct.

Spread is always-properly calc'd from the topBet down. Max bet is the constant, NOT the min-bet. zg

 

[kewljason]

I suppose I was just thinking that I could probably get away with a higher spread if the table minimums were higher, but that may not be correct.

You are right. It may not be correct. Depends very much on the store involved, but in very general terms, I agree with your premise. In very general terms I have found there to be levels that trigger additional attention. Sadly for red chip players that first level is $100, when many places call 'checks play'. Doesn't matter if you are spreading $5-$100 (1-20) or $15-$100 (less than 1-7), the $100 wager is the trigger. For green chip players playing a unit of $25 or $50 the trigger is $500. You can usually spread $25-$400, (that's 1-16) with relative ease, assuming you don't over stay your welcome. Again, I am speaking in general terms based on my own experience. Each store is different and you learn what they will and won't tolerate through experience.

I also wanted to throw my 2 cents in concerning being bankrolled. The benefits of playing to a larger bank and generating larger EV before you have the BR to do so on your own, have been talked about as well as some of the negatives, like trust issues. As matt suggested, similar issue to joining a team. But from my own experience there was and still is a great deal of satisfaction from starting small and climbing the ladder through different levels of play as your bankroll, knowledge and hopefully skill levels grow.

 

[Ferretnparrot]

Yo, assume, what your doing is basically a favor for the person who is investing into you.

you got X going into the betting circle now yeilding Y profit/time

After he doubles your bank by investing

You have 2x goign into the betting circle now yeilding 2y profit except you are splitting it.

The only possible gain might be being able to attack higher limit games where you can get mroe hands/hr better rules or some other benefit that would give you more profit per period of time compared to what you would have with your original bank.

The reason I recomend settling after each session is because of other expenses that creek up and revolve around seperating blackjack cash and personal cash away from food and travel expenses because this is not fair to the investor in a way. Though you could tell hime hes also splitting half of your operating costs like parking and food while investing into you.

The reason I tossed up 10% before was because I personally bet a lot of money and 50% of my take would cost too much for most peopel to be comfy with.

 

[Automatic Monkey]

Yo, assume, what your doing is basically a favor for the person who is investing into you.

you got X going into the betting circle now yeilding Y profit/time

After he doubles your bank by investing

You have 2x goign into the betting circle now yeilding 2y profit except you are splitting it.

The only possible gain might be being able to attack higher limit games where you can get mroe hands/hr better rules or some other benefit that would give you more profit per period of time compared to what you would have with your original bank.

The reason I recomend settling after each session is because of other expenses that creek up and revolve around seperating blackjack cash and personal cash away from food and travel expenses because this is not fair to the investor in a way. Though you could tell hime hes also splitting half of your operating costs like parking and food while investing into you.

The reason I tossed up 10% before was because I personally bet a lot of money and 50% of my take would cost too much for most peopel to be comfy with.

All very true, the larger BR will help you get around table minimums. Another thing it will help with is the comps and cashback, which I assume all go to the player.

On the other hand, the larger bets will bring heat that only falls on the player. So as with most things, it's a tradeoff.

Overall I don't think it works to pay a non-playing partner 50% on 50% of the bank. Think of it this way: if you have a partner who is playing, you might be splitting the bank, but you're also getting more hands, more information, and lower variance to boost your EV. A non-playing partner provides none of those, so why pay him the same?