getting staked by a friend

flea12

New Member
hi
first post here so go easy on me :) and on my english

i'm going to be in miami next month(i'm not from the us) and consider myself as an ok blackjack player(i know the complete basic strategy really well) but as for counting and other stuff i don't really know any of it.i'm planning to go to the hard rock for some blackjack sessions.

anyway a friend of mine gave me an offer and i want to ask what u guys think about it

he said he'll stake me 1k for a 60-40 split (his favor) if i win or a 80-20 if i lose(80 for him of course).
never really played before when i was staked and don't know if what he offered me is considered a good deal or not

what do u guys say?
 
Last edited:

zengrifter

Banned
flea12 said:
hi
first post here so go easy on me :) and on my english

i'm going to be in miami next month(i'm not from the us) and consider myself as an ok blackjack player(i know the complete basic strategy really well) but as for counting and other stuff i don't really know any of it.i'm planning to go to the hard rock for some blackjack sessions.

anyway a friend of mine gave me an offer and i want to ask what u guys think about it

he said he'll stake me 1k for a 60-40 split (his favor) if i win or a 80-20 if i lose(80 for him of course).
never really played before when i was staked and don't know if what he offered me is considered a good deal or not

what do u guys say?
You have the best of it. zg
 

Lonesome Gambler

Well-Known Member
What do you mean, "80/20" if you lose? If you end up with $100, do you get to keep $20 even though you lost $900? What happens if you lose 100% of the money? Do you have to contribute any money of your own?
 

flea12

New Member
if i lose 900 so he absorb 80% of the loss and i 20 % so in this case i need to pay him back except for the 100 an additoinal 180
 

Thunder

Well-Known Member
You're getting a hell of a deal. I'm not sure why your friend would stake you if you're playing at a disadvantage???
 

zengrifter

Banned
Thunder said:
You're getting a hell of a deal. I'm not sure why your friend would stake you if you're playing at a disadvantage???
Because he is at less disadvantage then the investor? zg
 

Lonesome Gambler

Well-Known Member
Thunder said:
Why would an investor knowingly invest in a losing proposition???
Who said anything about "investing?" My assumption would be something along the lines of a friend loaning another friend cash to go gambling with, with the agreement that they would share profit or loss. OP is playing with an edge, in this case, but his friend is at a horrible disadvantage.

My advice would be to play the lower limit tables ($10 CSM games 24/7 to my knowledge) to save your friend money while still having a positive expectation for yourself. Plus, word on the street is that Hollywood is now comping well drinks at table games for the month of September, so at least you guys can have fun while you're gambling.
 

Sucker

Well-Known Member
The consensus here seems to be that you have the best of it. But that's not necessarily true. It depends upon your bet size and on how long you play.

Taking it to both extremes:

Extreme example 1) You decide to play only one hand & bet $1000. You will win $400 about 43% of the time and lose $200 about 49% of the time. This CLEARLY gives you WAY the best of it.

Extreme example 2) You play 20,000 hours at $15 a hand. You are now virtually certain to personally lose $200 (and your friend will lose $800, of course).

Now; it's doubtful that you're going to travel overseas just to play one hand, and you're CERTAINLY not going to be able to play 20,000; but the purpose of this study is to demonstrate that there IS a point somewhere in between where you start to LOSE equity (your friend loses equity from the get-go, of course!). I'll leave it to someone else to figure out for you just where that point lies, if they care to. I'm too tired to do it myself right now. Think I'm going to shut this computer down, roll over, & go to sleep. zzzzzzzzzzz
 

kingjaxe

Member
If u really want to have a chances to win something , U should play just one hand as Sucker said. But i wouldn't bet all 1000, but just bet 500 and have that second 500 for double down or split option.

If u wanna play little longer and still have any chances to win , U should use progression.

If u want to lose all your money for sure , just play 15 min bet as u said.
 

johndoe

Well-Known Member
flea12 said:
btw
a 1k bankroll for the trip,which table minimum i should play? 10 or 25?
If you're intending to count cards at the Hard Rock with only a $1k bankroll, both of you are wasting your time and money, and have no realistic expectation of profit.

If you want to take advantage of your sucker "friend", then go ahead, but don't pretend that you aren't taking advantage of them, or that he's getting a fair deal.
 

KimLee

Well-Known Member
Free Roll

Player gets 20% of downside and 40% of upside. This is equivalent to having 20% of all action plus a 20% freeroll.

The value of an at-the-money option is roughly equal to the volality divided by Sqrt[2*Pi] = .4*volatility. The investor gets 80% of the mean and the player gets 20% of the option. So the question is whether the deal lasts long enough for the investor benefit to exceed the cost of the freeroll.

For example, suppose the player uses $5 units with a $10 hourly mean and $150 standard deviation. If he plays for 9 hours then the total mean is $90 and the volatility is $450. The investor share of the mean is 80%*$90 = $72. The player freeroll is worth 20%*.4*$450 = $36.
 

tribute

Well-Known Member
KimLee said:
The value of an at-the-money option is roughly equal to the volality divided by Sqrt[2*Pi] = .4*volatility. The investor gets 80% of the mean and the player gets 20% of the option. So the question is whether the deal lasts long enough for the investor benefit to exceed the cost of the freeroll.

.

Isn't it just amazing what we can learn by participating in this forum. I need to write that on the back of my strategy card next time I go to Louisiana and recite it to the ploppy who chides me for hitting my A7!
 

Blue Efficacy

Well-Known Member
flea12 said:
btw
a 1k bankroll for the trip,which table minimum i should play? 10 or 25?
$25. The longer you play the more likely you are to lose as a BS player. $25 will allow you to win or lose more quickly before the true house edge sets in... not to mention you can play better games with $25
 
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