Extracting winnings from BR

[itakeyourmoney]

If someone didn't have any expenses to worry about -- let's say, for example, they are only playing part time (they have a full time job already) and live near a casino (so traveling expenses are negligible), would it be acceptable for them to simply remove half of their BR once it has been doubled? So if they inital BR is $10,000 and they get to $20,000, could they remove $10,000--all the while playing with the same betting spread?

This way they would return to their original ROR, but without any time contraints on when they need to doublr their BR?

 

[rukus]

If someone didn't have any expenses to worry about -- let's say, for example, they are only playing part time (they have a full time job already) and live near a casino (so traveling expenses are negligible), would it be acceptable for them to simply remove half of their BR once it has been doubled? So if they inital BR is $10,000 and they get to $20,000, could they remove $10,000--all the while playing with the same betting spread?

This way they would return to their original ROR, but without any time contraints on when they need to doublr their BR?

yes, that is fine. plenty of people do it. you will essentially reset your play to your original stakes/spread and have the same ROR that you originally started with. just because you have doubled does not mean you will lose it back in order to get to "ev", so as long as you were comfortable with original ROR, go ahead and reset.

 

[aslan]

yes, that is fine. plenty of people do it. you will essentially reset your play to your original stakes/spread and have the same ROR that you originally started with. just because you have doubled does not mean you will lose it back in order to get to "ev", so as long as you were comfortable with original ROR, go ahead and reset.

Exactly right. But with one caution. If the way you got that far ahead is not explainable by your win rate, it's good to remember that the very same thing can happen in reverse, that is negative variance, so even though you reset, which is perfectly valid, you might want to add a part of it to your BR to further reduce your RoR. I don't mean to say that you have negative variance coming, or anything like that (the cards have no memory), but it helps bring us down to earth after a very good run of cards that the opposite is just as much a part of the game, so that at any given time we may not be all that far ahead as we thought. I've found in my short stint at counting that its a roller coaster ride, up and down, up and down, but continually moving in an upward direction over the long haul. As you can see, I'm not an artist. lol I am always fearful I'm on the cusp when I think about "extracting" some of my winnings. But as you say, when you do so, you're no worse off than when you first began.

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[rukus]

Exactly right. But with one caution. If the way you got that far ahead is not explainable by your win rate, it's good to remember that the very same thing can happen in reverse, that is negative variance, so even though you reset, which is perfectly valid, you might want to add a part of it to your BR to further reduce your RoR. I don't mean to say that you have negative variance coming, or anything like that (the cards have no memory), but it helps bring us down to earth after a very good run of cards that the opposite is just as much a part of the game, so that at any given time we may not be all that far ahead as we thought. I've found in my short stint at counting that its a roller coaster ride, up and down, up and down, but continually moving in an upward direction over the long haul. As you can see, I'm not an artist. lol I am always fearful I'm on the cusp when I think about "extracting" some of my winnings. But as you say, when you do so, you're no worse off than when you first began.

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nice paint job brother aslan! too much time on your hands, go find a bj table :devil:
oh, and i suppose good words of caution as well. :devil:

 

[blackjack avenger]

One Can Do Anything, Almost

would it be acceptable for them to simply remove half of their BR once it has been doubled? So if they inital BR is $10,000 and they get to $20,000, could they remove $10,000--all the while playing with the same betting spread?

This way they would return to their original ROR, but without any time contraints on when they need to doublr their BR?

If they play with a fixed 13.53% ror and do the above approx. 7 times, one of the times they should lose the reset bank.

If they play with a fixed 1.83% ror and do the above approx. 50 times, one of the times they should lose the reset bank.

In both instances losing the reset bank can happen at any time.:joker::whip:

If they play a bank which they resize on wins and losses and have a very low risk of drawdown then they would be much safer withdrawing funds when the bank doubles. However, their NO would be everywhere due to the starting over effect on betting caused by the withdraws :joker::whip:

 

[Sonny]

If they play with a fixed 13.53% ror and do the above approx. 7 times, one of the times they should lose the reset bank.

I want to emphasize this point because it is important. If you plan on "resetting" your bankroll more than 6 times then your RoR becomes 100%! You will expect to lose your entire bankroll at least once if you repeat this enough times. If you haven't saved enough of your profits to supplement your bankroll, you're done. Even though you have an advantage you are guaranteed to go broke if you don't manage your money carefully.

Now if your bankroll is replenishable then it's not so bad. In that case, the term "ruin" is almost meaningless here.

-Sonny-