Size of Bet/Money Management
November 25th, 2010 at 10:24:59 AM
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This question is not really about a 'system' but about the size of your bet.
When I go the casino and play Blackjack I flat-bet (and off course use basic strategy), and use 2% of the total money I took to the casino.
So for example, I come in with €2.000,- and every time I will bet €40,- so I have 50 units.
So... what's a good bet size?.. in a percentage of your total money?
50 units looks like a lot but I have days where I come 30 or 40 units behind. Also, you can win very fast, hitting some blackjacks and good double downs get you up really quick.
Not much but sometimes I play Punto Banco (Baccarat) when the blackjack tables are full. I flat-bet on the Banco bet.
I never get a lot of units behind.. but almost will never get a lot of units in front. I looks like it is a game with less extreme outcomes at the end of the day... so maybe 25 units is a good buffer?
I wonder what other flat-betters on this forum use as percentage of their money they take into the casino.
For me, a buffer is important.. not only to get back in the game but I also want to play long.. play for a lot of hours.
I'm looking forward to your answers.
When I go the casino and play Blackjack I flat-bet (and off course use basic strategy), and use 2% of the total money I took to the casino.
So for example, I come in with €2.000,- and every time I will bet €40,- so I have 50 units.
So... what's a good bet size?.. in a percentage of your total money?
50 units looks like a lot but I have days where I come 30 or 40 units behind. Also, you can win very fast, hitting some blackjacks and good double downs get you up really quick.
Not much but sometimes I play Punto Banco (Baccarat) when the blackjack tables are full. I flat-bet on the Banco bet.
I never get a lot of units behind.. but almost will never get a lot of units in front. I looks like it is a game with less extreme outcomes at the end of the day... so maybe 25 units is a good buffer?
I wonder what other flat-betters on this forum use as percentage of their money they take into the casino.
For me, a buffer is important.. not only to get back in the game but I also want to play long.. play for a lot of hours.
I'm looking forward to your answers.
November 25th, 2010 at 10:44:18 AM
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The two goals of "win the big bucks" and "play as long as you can" are mutually incompatible. If you wanted to play as long as possible, you would simply bet the table minimum, never raising your bet. However, you would be unlikely to win a large amount of money.
So the question is, not so much what percentage of your bankroll should you be betting, but how many bets should be in your bankroll. Figure out ahead of time what the size of your average bet will be and then take some multiple of that amount to the casino. Fifty bets would usually be enough to last the evening; sixty would be better; one hundred would be better still. There are two risks you are balancing--getting unlucky and having to quit early, and getting REALLY unlucky and losing more than you feel comfortable with. If you look at it from the standpoint of "I am only willing to lose $X", then divide that X by fifty or sixty or a hundred to get your maximum bet size.
None of the above will mean a damn thing unless you actually stick to it.
So the question is, not so much what percentage of your bankroll should you be betting, but how many bets should be in your bankroll. Figure out ahead of time what the size of your average bet will be and then take some multiple of that amount to the casino. Fifty bets would usually be enough to last the evening; sixty would be better; one hundred would be better still. There are two risks you are balancing--getting unlucky and having to quit early, and getting REALLY unlucky and losing more than you feel comfortable with. If you look at it from the standpoint of "I am only willing to lose $X", then divide that X by fifty or sixty or a hundred to get your maximum bet size.
None of the above will mean a damn thing unless you actually stick to it.
The fact that a believer is happier than a skeptic is no more to the point than the fact that a drunken man is happier than a sober one. The happiness of credulity is a cheap and dangerous quality.---George Bernard Shaw
