Safe max bet

[onedollarballer]

Hello Everyone, i have started to count a week ago using the hi-lo system counting with a 1 to 15 spread. 1 dollar to 15 dollars max bet. Anyways.. I've only been able to make 300 dollars in the last 5 days. With a higher max bet i can increase my spread and make more money. Correct? Therefore i ask: what kind of bankroll would i need for spreads of, say, 1-50. I am slightly familiar with the Kelly Criterion but wonder if that is just a bit too conservative.

 

[Sonny]

With a higher max bet i can increase my spread and make more money. Correct?

Right.

Therefore i ask: what kind of bankroll would i need for spreads of, say, 1-50.

It will depend on the game, your playing style and your tolerance of risk, but a rule of thumb is to have 100 max bets. A 1:50 spread would need a 5000-unit bankroll to maintain a reasonable ROR.

-Sonny-

 

[onedollarballer]

Well.. my bankroll is 500. So a max bet of 50 is acceptable? seems risky to me with my bankroll size. I'm playing double deck, No surrender, no DAS, H17, double any two cards which I believe to be decent, especially with the 1 dollar limit and opportunity for high spreads. With these rules it would be ok to spread 1-50 then? are you sure?

"a rule of thumb is to have 100 max bets" (Sonny)

$100$!! with a 1-100 spread I would have a huge advantage! but a bankroll supporting a 100 dollar max bet would be about 2500$ right?

 

[zengrifter]

Well.. my bankroll is 500. So a max bet of 50 is acceptable? seems risky to me with my bankroll size. I'm playing double deck, No surrender, no DAS, H17, double any two cards which I believe to be decent, especially with the 1 dollar limit and opportunity for high spreads. With these rules it would be ok to spread 1-50 then? are you sure?

"a rule of thumb is to have 100 max bets" (Sonny)

$100$!! with a 1-100 spread I would have a huge advantage! but a bankroll supporting a 100 dollar max bet would be about 2500$ right?

INCORRECT. A "safe" max bet is 1% of your BR. With small BRs you can go 2% as max bet.

So with $500 bet 1-10. (You've been lucky)

However, IF you know you can replenish with another 500 IF you tap out the current 500, then bet 1-20 now. zg

Ps - It sounds like you're playing at some sort of informal game so watch closely if the holecard is being flashed - if so we will give you the strategy that will allow you to substantially increase your bet.

 

[onedollarballer]

[QUOTE
Ps - It sounds like you're playing at some sort of informal game so watch closely if the holecard is being flashed - if so we will give you the strategy that will allow you to substantially increase your bet.[/QUOTE]

Well.. I'm playing at a really seedy joint in a small town where I live. I don't see how the "holecard" could be "flashed". The table is in a small casino with 7 tables so its kind of professional. Although I have been able to snatch insurance bets i had laid out when the dealer didn't have a natural.

 

[Sonny]

Well.. my bankroll is 500. So a max bet of 50 is acceptable?

Sorry, that was my mistake. Using the 100-unit guideline you would have a $500/100=$5 max bet with a $500 bankroll. You could probably make about $1/hour playing that way.

I'm playing double deck, No surrender, no DAS, H17, double any two cards which I believe to be decent, especially with the 1 dollar limit and opportunity for high spreads.

The penetration is the biggest factor. If they only deal out one deck then the game will be very tough to beat, especially with such a small bankroll. You would need to Wong out of as many –EV hands as possible.

$100$!! with a 1-100 spread I would have a huge advantage! but a bankroll supporting a 100 dollar max bet would be about 2500$ right?

The required bankroll for a $100 max bet would be around $100*100=$10,000. For a game like the one you’re playing (DD dealt from a shoe, H17, no DAS, no surrender, no re-splitting of aces, no mid-shoe entry, 50% penetration, $100 max bet) you would probably need to use a huge spread and a huge bankroll to make any decent money. A $10-$100 spread might earn you $10-$20 per hour if you can get away with it.

-Sonny-

 

[Canceler]

Is this a new one?

Although I have been able to snatch insurance bets i had laid out when the dealer didn't have a natural.

I don't think I've heard of anyone doing this before. Incredible! :grin:

 

[sabre]

Although I have been able to snatch insurance bets i had laid out when the dealer didn't have a natural.

This is most likely a prosecutable offense at best. At worst, they could beat the crap out of you if they're "old school".

 

[onedollarballer]

insurance

Yeah dude, the dealers at this place are frickin' retarded. For example: once a dealer had a face card, a jack i think, up and offered insurance! I took it and advised everyone at the table to do the same :laugh:

 

[Sonny]

…once a dealer had a face card, a jack i think, up and offered insurance! I took it and advised everyone at the table to do the same :laugh:

Hopefully he was going to pay you at least 12:1 on that bet instead of the usual 2:1!

http://www.blackjackinfo.com/bb/showthread.php?t=6977

-Sonny-

 

[sabre]

Yeah dude, the dealers at this place are frickin' retarded. For example: once a dealer had a face card, a jack i think, up and offered insurance! I took it and advised everyone at the table to do the same :laugh:

Why? Because you planned on pointing out his mistake only if he didn't have an A down?

 

[Sonny]

This is most likely a prosecutable offense at best. At worst, they could beat the crap out of you if they're "old school".

I don’t know how old school they are in Walla Walla, but I wouldn’t want to find out. The owners of the Blue Mountain casino also run the Cable Bride casino so you’ll get flyred at both I’m sure.

-Sonny-

 

[zengrifter]

Well.. I'm playing at a really seedy joint in a small town where I live. I don't see how the "holecard" could be "flashed". The table is in a small casino with 7 tables so its kind of professional. Although I have been able to snatch insurance bets i had laid out when the dealer didn't have a natural.

Do NOT cheat on the insurance bet!!

As for holecard-flashing, watch very closely and you may find that some of the dealers do it. Usually, but not always, flashers expose to third base. zg

 

[Sonny]

As for holecard-flashing, watch very closely and you may find that some of the dealers do it. Usually, but not always, flashers expose to third base. zg

I believe that casino deals from a shoe so any hole card information would probably come from the first-base area, unless the dealer is properly "encouraged." :devil:

-Sonny-

 

[zengrifter]

I believe that casino deals from a shoe so any hole card information would probably come from the first-base area, unless the dealer is properly "encouraged." :devil:

-Sonny-

OH, I figured that 2D was hand-pitched. zg

 

[onedollarballer]

holecard flashing

yeah they deal out of a shoe. I'll try to see if i can catch a glimpse or maybe "persuade" some of the dealers to "flash" me as weird as that sounds. I actually got caught snatching my insurance bet once but since I'm young i just played dumb.. works every time you're right i should quit though that is dangerous.

 

[zengrifter]

yeah they deal out of a shoe. I'll try to see if i can catch a glimpse or maybe "persuade" some of the dealers to "flash" me as weird as that sounds. I actually got caught snatching my insurance bet once but since I'm young i just played dumb.. works every time you're right i should quit though that is dangerous.

Flashing dealers is a handheld game thang. DON'T CHEAT! zg