Poll: Blackjack Bankroll
- Thread starter aslan
- Start date
Hey, no criticism intended. As I said, my skills are limited and I wasn't being modest! I have nothing but admiration for you and your ability to make it in this "business." You see, for you, this IS a business.
Me, I have certain business skills that I think would help me to succeed in a normal business, but no guarantee. First, I'm a CPA. Second, I know a particular business niche that I think would pay off. Third, I have a steady income coming in which would help tremendously while waiting years possibly for a business to take root and prosper. One of the major reasons for business failure is under-capitalization, which is short for not having enough money to wait it out.
So don't feel bad. If AP already is your steady income, then your investments in the market and in real estate represent wise decisions. You business venture was unfortunate to say the least, but at least you had the b$lls to give it a try. Most people I know in the "gambling" world, a word I am using loosely, don't have the sense to invest their money, and by going into business, that's all I meant. I know of numerous gamblers who have made good scores, only to wind up dead broke. I can count on one hand the number of gamblers who invested their good scores. What I have often seen is that wise gamblers in one venue, like blackjack, are suckers for other things, like betting baseball. I know of fortunes won at AP and lost at SP (sucker play).
Anyway, kudos to you and your success at AP. You're a champion in my book! :1st:
Me, I have certain business skills that I think would help me to succeed in a normal business, but no guarantee. First, I'm a CPA. Second, I know a particular business niche that I think would pay off. Third, I have a steady income coming in which would help tremendously while waiting years possibly for a business to take root and prosper. One of the major reasons for business failure is under-capitalization, which is short for not having enough money to wait it out.
So don't feel bad. If AP already is your steady income, then your investments in the market and in real estate represent wise decisions. You business venture was unfortunate to say the least, but at least you had the b$lls to give it a try. Most people I know in the "gambling" world, a word I am using loosely, don't have the sense to invest their money, and by going into business, that's all I meant. I know of numerous gamblers who have made good scores, only to wind up dead broke. I can count on one hand the number of gamblers who invested their good scores. What I have often seen is that wise gamblers in one venue, like blackjack, are suckers for other things, like betting baseball. I know of fortunes won at AP and lost at SP (sucker play).
Anyway, kudos to you and your success at AP. You're a champion in my book! :1st:
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This is probably a dumb question, but what about replenishable bankrolls? I have a vague amount of money I can spend on discretionary stuff, of which blackjack is one. I put 3k in the poll, but over the course of the year, it is much larger than that, but at any one time, I wouldn't want to go over 3k.
How about this for a change
I am operating a business i.e. owner of a small business. But I don't consider myself as a gambler. Now this might be a contradiction in terms. Many of you would ask, in business you take risk all the time. I may decide to open another branch here or close down a branch there when times are bad. Am I not taking gambles with every business decision all the time.
Yet when I go to the casino I play BJ but I don't gamble. As a recreational player I expect to lose 0.50% of my total bet. So any session win or lost does not figure in my horizon. I figuire on my total amount of bet and what my theortical loss would be. Incidentally I think I play perfect BS. So whether I get lucky or unlucky is immaterial. I also enjoy the EV of playing BJ. I would say that I hate the Variance of the game. I would make straight purchase of the points from the casino sometimes. How I do it you have to find from my previous posting. But it is much more expensive than the 0.50% loss.
I calculate what the Comp is that I am getting and I am sure it outweighs my losses. Otherwise you wont find me in the casino.
I am operating a business i.e. owner of a small business. But I don't consider myself as a gambler. Now this might be a contradiction in terms. Many of you would ask, in business you take risk all the time. I may decide to open another branch here or close down a branch there when times are bad. Am I not taking gambles with every business decision all the time.
Yet when I go to the casino I play BJ but I don't gamble. As a recreational player I expect to lose 0.50% of my total bet. So any session win or lost does not figure in my horizon. I figuire on my total amount of bet and what my theortical loss would be. Incidentally I think I play perfect BS. So whether I get lucky or unlucky is immaterial. I also enjoy the EV of playing BJ. I would say that I hate the Variance of the game. I would make straight purchase of the points from the casino sometimes. How I do it you have to find from my previous posting. But it is much more expensive than the 0.50% loss.
I calculate what the Comp is that I am getting and I am sure it outweighs my losses. Otherwise you wont find me in the casino.
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I'm a big fan of a nice quality, fire proof, flood proof, drop proof safe which you can bolt to the floor in some hidden location at yr house.
You'd have to get pretty unlucky to lose your cash in one of those.
Also you can avoid flooding the gubmint with those >$10k suspicious cash activity flags they'd get if you're constantly cashing yr BR in and out of yr bank...
You'd have to get pretty unlucky to lose your cash in one of those.
Also you can avoid flooding the gubmint with those >$10k suspicious cash activity flags they'd get if you're constantly cashing yr BR in and out of yr bank...
Well, I don't bolt mine down to the floor. I figure if they get past my alarm system, and I am not home to meet them with my .45, and my other undisclosed measures do not work, I don't want them tearing up my floor just to get my safe free to wheel it to the back of their pick up. Also, they need to get by my ex-marine neighbor who watches my house when I'm gone. Then again, I never leave enough in my safe to worry about; a trip to my safety deposit box at the bank is not that big an inconvenience.