About big wins and losing it back.
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Quote: Ahighafter depositing my bankroll, I lost the remaining bankroll all in one session tonight.
I wouldn't feel bad about this Ahigh. You deposited $3,000 and in the interim you had a lot of fun, didn't you? That's what gambling should be -- fun -- and you had it. You got a few comps along the way, too. You also got to do what you enjoy doing -- playing craps. And you had a few thrills. You got to enjoy life.
I recall with fondness something a few slot floor people once said to me as we were discussing big wins and payoffs: every big payoff to a player is just a short term loan from the casino to the player that will be repaid with interest.
And that's pretty much true. Sure there are a few (a very few) who can claim to be consistent winners or get lucky and hit some mega jackpot that keeps them in the plus column for a long time, but the rest of us should look at the game -- all games -- as a chance to have a thrill and to realize we have to pay for it along the way.
And you will be back to play again. You will start with a new bankroll, or maybe you'll just dip back into that $3K you deposited. You might win, you might lose. But if you can, at the end of the day, say you enjoyed yourself then nothing else matters. When gambling isn't fun anymore, then you shouldnt gamble.
Kelly has been very supportive of me, and she had been encouraging me to bet bigger. I did bet more than single odds right off the bat and the first $500 went pretty quick as a result on regular craps.
But I told her yesterday in a text message that I wasn't ready to bet bigger and I didn't want to lose it at the table, and that is why I deposited it. So I did the right thing, except that I should have stuck with single odds instead of being more agressive with a smaller bankroll.
I need to focus more on work. This play in the casino has become a real time consumer. I'm beyond even my regular insane schedule of playing craps. I am posting on this forum way too much and I am spending way too much time playing craps at the casino.
I only have a couple hundred bucks per paycheck allocated to myself for spending/gambling money, so it might even be a couple of months before I have another four figure bankroll.
It's just break time for me.
Quote: Ahigh
I need to focus more on work. This play in the casino has become a real time consumer. I'm beyond even my regular insane schedule of playing craps. I am posting on this forum way too much and I am spending way too much time playing craps at the casino.
I only have a couple hundred bucks per paycheck allocated to myself for spending/gambling money, so it might even be a couple of months before I have another four figure bankroll.
It's just break time for me.
So then, does that mean you won't be shooting craps with us at CR after lunch at Sugar Factory at WoVCon later this month?
Quote: Ahigh
I only have a couple hundred bucks per paycheck allocated to myself for spending/gambling
So sell some bitcoins/gold/silver or whatever else
you have investments in. You have the edge at
craps, right? Right?
Quote: EvenBobSo sell some bitcoins/gold/silver or whatever else
you have investments in. You have the edge at
craps, right? Right?
No I sold my BitCoins a few days ago and I started the process to get them to my checking account today.
I still have about $800 cash of discretionary funds left, and all my bills and credit cards are paid off. Just the phase of carrying around $2,000 to $4,000 in cash is over. I can still do buy-ins for $100 to $300.
Right now I'm waiting for MtGox to approve my wells fargo routing and account number for withdrawing money. I have $490 US cash in MtGox from $280 I started with.
Quote: AhighJust the phase of carrying around $2,000 to $4,000 in cash is over.
If you're just flat betting craps, why would you
need to carry that much cash. Its silly.
Quote: EvenBobIf you're just flat betting craps, why would you
need to carry that much cash. Its silly.
I was going up and down four figures flat betting on 10x tables with a come bet on every roll. I covered every corner I made from $3200 to $3500 to $2200 to $4000. Flat betting the come bet with max odds requires a bankroll is the short answer. And after I reduced to $1,000 my bankroll wasn't big enough. Not complicated, and you can see the swings in my charts. Even flat betting with 10x odds with a slight edge, $1 per roll profit is about all I expect to get in return for the rollercoaster ride of minimum edge with 10x odds on a $5 table.
https://wizardofvegas.com/forum/off-topic/big-wins/13896-up-four-figures-in-craps/2/#post240306
The only difference between what happened last night losing and what happened a few days prior is that I didn't have the bankroll to swing down and back up over $1,000 like I did at the Plaza and Las Vegas club TWICE in TWO HOURS.
On the roller-coaster ride pictured above, I even lost a little bit, but not that much if you count the comp.
You do know about 10x max odds on flat betting and the volatility there, right? I'll be honest with ya, this is not my normal style. I typically grind up on very low volatility and mathematical house edges closer to 0.4% to 0.5% per roll for each bet I take (not much odds, just placing the 8 mostly).
Even if I *was* playing with an advantage throw, I still have to have the bankroll to employ the level of odds I'm trying to use to maximize my long term profit. Short term losses are just part of the way that it is done. Maybe the Wizard or someone else can explain more if you don't understand. It's a pain though. Tough to keep your emotions in check.
Quote: AhighMaybe the Wizard or someone else can explain more if you don't understand. .
I stopped reading the post after the second
sentence. Never mind..
Quote: RogerKintYou just fell in love with the euphoria of winning easy cash and wanted more. Lesson learned. If you are playing with an edge, Boymimbo has some great advice. Of course, the more you practice the less easy the money. Also, if you're not playing with an edge, all that practice is a waste of time. Focusing more on work and your family may be a better investment. As for the frustrating part, see Teddys' tagline. Btw, where is that guy?
Spoken like someone who knows more succinctly. Yeah, I saw Teddy go through what I'm going through. The bankroll needs of a low math edge can be a real bitch. Also making emotional decisions can derail things too. I have seen Teddy get emotional too. So far I have not gotten emotional. When I lost last night I very politely told the boys, "thanks very much I had a lot of fun."
It was a 4-hour non-stop session with a come $10 come bet every single roll on an empty table. I was shooting about once every 7 to 10 seconds! I'm pretty sure it was more than 1,000 rolls.
It's a tough game to beat and I wasn't giving up and it got me!!!
Quote: Ahigh
It's a tough game to beat and I wasn't giving up and it got me!!!
You'll quit for good when your wife finally says
its her or the game. Yeah yeah, she never
will. Thats what all men say..
Quote: EvenBobYou'll quit for good when your wife finally says
its her or the game. Yeah yeah, she never
will. Thats what all men say..
My wife met me for lunch and she was amazingly supportive. She was the one encouraging me to bet bigger and I was the one who decided to lock up the $3,000 instead of risking it all on the tables.
A typical response where you just pull some crap out of your butt that you have no idea about. She absolutely wants me to go for it MORE not less. She is absolutely my biggest fan. Without question!!!
All of my finances are in order. And I can always pull my 401k holding back which are currently set at 40% from all my wins pushing my bills out until the fall.
But keep on guessing about stuff you don't know about, like my wife's perspective on what I'm doing.
Quote: AhighNo I sold my BitCoins a few days ago and I started the process to get them to my checking account today.
WHAT???? This was your insurance against the dollar becoming worthless in a full scale economic meltdown? 45 days later and you've given up on it?
ZCore13
Quote: Zcore13WHAT???? This was your insurance against the dollar becoming worthless in a full scale economic meltdown? 45 days later and you've given up on it?
ZCore13
Hey I made a couple hundred bucks. It's a win. I'm not afraid to take a win off the table and sure things change!
Quote: Ahigh
But keep on guessing about stuff you don't know about,.
Yup, they're all loving and supportive till they
aren't anymore. Never make the mistake of
thinking you know what a wife is really thinking,
its been the downfall of many many men. My
wife says she'll never leave me and I don't
believe it for second. Reason being, she has
no way of knowing how she'll feel a year or three
from now. Or next week for that matter. Never
forget Sigmund Freud studied women for decades
and even he couldn't figure them out. Second
guessing a woman is no bet any man should take.
Quote: EvenBobYup, they're all loving and supportive till they
aren't anymore. Never make the mistake of
thinking you know what a wife is really thinking,
its been the downfall of many many men. My
wife says she'll never leave me and I don't
believe it for second. Reason being, she has
no way of knowing how she'll feel a year or three
from now. Or next week for that matter. Never
forget Sigmund Freud studied women for decades
and even he couldn't figure them out. Second
guessing a woman is no bet any man should take.
I hear you about women in general, for sure, Bob. We just got married a month ago, so don't try to spoil the honeymoon stage for me.
I love my woman and we had a fantastic lunch today!
Quote: AhighI hear you about women in general, for sure, Bob. We just got married a month ago, so don't try to spoil the honeymoon stage for me.!
And you have what, 8 kids? The Honeymoon Train
pulled out of that station long ago.
Quote: sodawaterany woman will leave any man, no matter how much she "loves" him, if she thinks she can do better with someone else. It's biological and it's useless to fight it.
Yup, no truer words were ever spoken. Famous
last words of many husbands "But you said you'd
never leave me!" To which she responds "That was
then and this is now."
Quote: EvenBobYup, they're all loving and supportive till they
aren't.
Just stop right there.
You never need post another word on relationships.
Because once you describe something perfectly, no more needs be said.
Talk about putting losses into perspective!
During the looooong drawn out trial with ex #2 (a marriage that lasted about 3 years) her "Hollywood divorce lawyer" made the outrageous claim that I had hidden bank accounts in Nevada and secret cash accounts in Nevada casinos and subpoenaed every bank and casino in the state looking for the loot. I was presented a bill for the "discovery" in the range of $18,000 and I said "there are no secret accounts and I am not paying the bill." And I said in court if you find one secret account I will pay the bill. There was no secret account. I did not pay the bill.
Quote: AlanMendelsonTalk about a negative expectation game... I'm married for the third time now, .
Marriage really is a negative expectation game. Most
divorces are filed by women, look it up. They're very
good at pretending everything is great right up until
you get served the papers. I don't care how good a
relationship looks, you can never really know whats
in their minds.
Great Rodney Dangerfield joke:
I never get no respect from my wife. She's got
me down to having sex twice a month. But thats not the
worst of it, she cut two other guys off completely..
Quote: AhighMy divorce cost me $36,000 just in legal fees!
Q: Why is divorce so expensive?
A: Because it's worth it.
Back in Ohio. Studied for, took, and passed the bar exam. Yay. Now dealing with increased anxiety of job searching and dealing with family, etc. Asking a lot of existential questions. In Germany, currently. The gambling here really sucks!Quote: RogerKintYou just fell in love with the euphoria of winning easy cash and wanted more. Lesson learned. If you are playing with an edge, Boymimbo has some great advice. Of course, the more you practice the less easy the money. Also, if you're not playing with an edge, all that practice is a waste of time. Focusing more on work and your family may be a better investment. As for the frustrating part, see Teddys' tagline. Btw, where is that guy?
Quote: teddysStudied for, took, and passed the bar exam... Asking a lot of existential questions.
Now you'll get paid for dealing with the existential questions of your clients.
Congrats on passing the bar.
Quote: AhighWe just got married a month ago
Congratulations. I only met her that one time but you are lucky!
Quote: teddyspassed the bar exam.
Congratulations!
Quote: AhighMy wife met me for lunch and she was amazingly supportive. She was the one encouraging me to bet bigger and I was the one who decided to lock up the $3,000 instead of risking it all on the tables.
A typical response where you just pull some crap out of your butt that you have no idea about. She absolutely wants me to go for it MORE not less. She is absolutely my biggest fan. Without question!!!
All of my finances are in order. And I can always pull my 401k holding back which are currently set at 40% from all my wins pushing my bills out until the fall.
But keep on guessing about stuff you don't know about, like my wife's perspective on what I'm doing.
Wait a minute, 40% of your pay is great, but, and I am guessing here, you make good money. At that rate you will hit your 2013 401k cap of $17.5k soon, or already have. A better bet in the 401k is to put the exact, or close enough percentage to hit the $17.5k on your last check, your company will match the 6% or whatever they do each check.
Just my opinion.
BTW I have had comments now and then for AHigh, but I truly enjoy the stories. Keep it up.
Indeed. Dollar cost averaging vs. buying at record levels with nary a correction in sight.Quote: JW17Wait a minute, 40% of your pay is great, but, and I am guessing here, you make good money. At that rate you will hit your 2013 401k cap of $17.5k soon, or already have. A better bet in the 401k is to put the exact, or close enough percentage to hit the $17.5k on your last check, your company will match the 6% or whatever they do each check.
My big wins thread got shut down from too many people bickering and things going off topic. So I guess this is as good a place as any to report I'm up $200 in the last 24 hours with no losing sessions. I met with AxelWolf last night, and while we didn't win much, we squeaked out a little bit at the Plaza ($50). I won $60 at Mandalay Bay at lunch in about ten minutes, then I won $60 at Jerry's Nugget. Then I won $30 at Lucky Club, and I liquidated a $15 coupon and got $8 for that at Fiesta Rancho (my little boy was playing Hockey tonight at Fiesta and I didn't have time to play, just liquidate the coupon).
My BitCoin $500 is coming back. AxelWolf and I tried to find an empty table and didn't have much luck until about 11:30 last night. But we played from 11:30 to about 12:45 and went down $200 and back up $250 or so. Axel was having me call the shots, and I wanted to lock in a win. I've been trying to be happy with smaller wins. I went down a couple hundred at Mandalay Bay today too, so it was a little concerning given my bigger loss recently. But it turned out alright. I've been betting more free odds and there's just a roller coaster ride in that play strategy that I'm still getting used to, but I think the longer term trends are starting to sink in with me and I'm warming up to it slowly. But grinding $5 with 345x with a come bet on every roll is what I generally try to do when I am confident. And if I lose confidence or if I see a good enough profit, I will remove my odds and just try to relax until I feel less stressed and ready to go for it again.
Quote: Ahigh
My BitCoin $500 is coming back. AxelWolf and I tried to find an empty table and didn't have much luck until about 11:30 last night. But we played from 11:30 to about 12:45 and went down $200 and back up $250 or so. Axel was having me call the shots, and I wanted to lock in a win. I've been trying to be happy with smaller wins.
You do realize these posts are starting to sound like
the confessions of a problem gambler, right? I'm
just sayin..
That is not the way it works.... If you are any good at control, you will repeat certain numbers, Like for me it is 6 & 8. I have had
many rolls with 4,5,6,7,8 pass line winners and never came close to the 5 point fire bet. I have also hit the 5 point a number of times,
but never when my throw was on , always when i am terrible and completely random.
Now there is no question you could keep changing sets, but certainly would mess up the bets you already have working. It is
hard enough to win by just trying to repeat numbers , without thinking you can hit any number you want.
dicesitter.
Quote: dicesitteralan
That is not the way it works.... If you are any good at control, you will repeat certain numbers,
Sorry, dicesitter, I don't believe in "control." I believe there is a chance that if you keep your dice on axis and limit the amount of rotations (spins) they make there is a chance you can limit the possibilities that the dice will show, but that is not "control."
You guys who can "control" the dice are in a league of your own. I'm just a mere mortal. And the FEW times I hit five or six fire bet numbers it was amazing luck... like hitting a royal flush almost.
Quote: AlanMendelsonSorry, dicesitter, I don't believe in "control." I believe there is a chance that if you keep your dice on axis and limit the amount of rotations (spins) they make there is a chance you can limit the possibilities that the dice will show, but that is not "control."
You guys who can "control" the dice are in a league of your own. I'm just a mere mortal. And the FEW times I hit five or six fire bet numbers it was amazing luck... like hitting a royal flush almost.
If you want to argue semantics, even random shooters technically control the dice, Alan. That's what they do when they pick 'em up and shoot 'em!
I think it's pointless to constantly argue about terms. You can't use the terms "DI" or "control" or "dice control" or "controlled shooting" and have people think consistently about what you're talking about. Even if a proper definition was made, you still can't. There are just too many people playing dice that all think the same and wrong way about it. This even includes you, Alan.
One of the more interesting aspects of the game of craps is the culture of african american players. They snap their fingers. They even grunt when they snap their fingers in a consistent way.
They say "come on dice" sometimes. Sometimes they say "tway-elve" from the horn or field bets.
Being consistent and having definitions or in the case of what I collectively call "finger snappers" (a term that SuperRick gave me) doesn't mean that you have a way to play the game that lets you win more. It just means you have a culture of people who play the game the same way and have similar thoughts when they play the game.
I don't use those terms in general, except in response to others who use the terms. But I don't go around telling people things like "I'm a DI" expecting them to know the acronym, much less expecting them to have a concept of what I'm talking about. I think it's actually a little bit ridiculous to expect people at a craps table to know much at all except how to smile and have fun and just socialize; hopefully not getting into a fight.
Alan, you seem to be one of the more argumentative type people I know on this forum, and I would expect you would be just as head-strong at the table. Sometimes the less you say and the better your results the more fun the game gets, and you don't have to even talk about control or not. Nobody cares if it's random or not. They just like winning money. Even if you snap your fingers and play like a finger snapper, they will happily enjoy your company.
Maybe just not argue so much about definitions and enjoy the game, buddy.
Quote: AhighIf you want to argue semantics, even random shooters technically control the dice.
Dice control has to be real, look at this:
http://www.youtube.com/watch?v=Bhno_F9vZcw
Quote: AhighAlan, you seem to be one of the more argumentative type people I know on this forum, and I would expect you would be just as head-strong at the table.
Of course you would know how I am at the tables if you had come over and said hello to me at Caesars instead of avoiding me. And you would know how I am personally if you ever accepted a dinner invitation from me, or even met up with me to play craps. So far you haven't.
Am I head strong? You betcha, especially when I see ridiculous claims and statements made.
Quote: Ahigh
One of the more interesting aspects of the game of craps is the culture of african american players. They snap their fingers. They even grunt when they snap their fingers in a consistent way.
They say "come on dice" sometimes. Sometimes they say "tway-elve" from the horn or field bets.
I never knew what this term "finger snappers" was. Should I add it to the list of racial slurs?
