Session Bank Roll vs Variance

[Martin Gayle]

I find my stakes are getting high enough that I am gun shy placing my big bets out because I am, at times, limited to my daily bank roll (ie, have access to as little as 5% of my bankroll on a given day).
Being gun shy is not a good virtue of an AP.
I know that if I prepare for my sessions better I can avoid this problem. Does anyone have any resourcess or experience with this? I am thinking that certian CA plays that increase variance exponentially, out of whack with EV, should be reconsidered instead of betting less.

I will not consider leaving money with Casino cages/credit etc.

Thanks in advance,
MG

 

[blackchipjim]

gun shy?

I do believe that there are tons of sayings and words that describe what you are talking about. Well MG I use risk adverse betting that is described in Don S blackjack book. It helps a little to insure that I don't put out too much money on cusp index calls.
I'm no expert by any means but, you may be betting wrong kelly or out of your bankroll limits. There are numerous threads on the subject on this site about it. To tell you the truth I don't bet what I should because of money constraints but then you won't hear me complain about not making enough money playing either.

 

[Sonny]

Unless you are able to access more of your bankroll you are either going to have to sacrifice profit or security. Those factors are mainly controlled by your betting pattern. Using some risk averse plays might help a bit but I don't think it will amount to anything significant.

-Sonny-

 

[daddybo]

My Rule of thumb.

As a rule of thumb... I usually have about 40 max bets for 8 to 16 hours worth of playing... and I never bank that... While that may seem a little high to some... it keeps me from being gun shy and from losing because I ran out of money in a bad streak. I also have my own little risk-averse index plays...

 

[jimbob]

I find my stakes are getting high enough that I am gun shy placing my big bets out because I am, at times, limited to my daily bank roll (ie, have access to as little as 5% of my bankroll on a given day).
Being gun shy is not a good virtue of an AP.
I know that if I prepare for my sessions better I can avoid this problem. Does anyone have any resourcess or experience with this? I am thinking that certian CA plays that increase variance exponentially, out of whack with EV, should be reconsidered instead of betting less.

I will not consider leaving money with Casino cages/credit etc.

Thanks in advance,
MG

The worse thing a card counter can do is not bet that percentage of bankroll as dictated by the current advantage. You don't see enough high advantage plays to make up for all the negative advantage or low advantage hands you had to sit through to get to that point. Now the count and your bankroll say that you need to put a $5,000 bet out there. If you don't make that bet then you just killed your EV.

I'm not sure what risk adverse plays you are talking about but if you are using a good counting system with indices and you do not play the plays indicated in high counts then you are just hammering your EV. There are some plays I guess which would smooth out variance like hitting soft hands instead of doubling them, but in the long run changing these plays will just reduce your winnings.

I'm not sure why you can't access your bankroll but I would figure out some way to have access to more of it rather than skimp on betting what the current advantage tells me to bet as a % of total bankroll.

The only risk adverse strategy I can think of that won't cost you money is to find a place that offers surrender, preferably early surrender. Surrender doesn't really save you much money but it does smooth out variance.