WiddledSticks
WiddledSticks
Joined: Jul 17, 2013
  • Threads: 1
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July 17th, 2013 at 2:30:45 PM permalink
As a preface I am currently in college, thankfully I come up from a pretty well off family so most of my imminent needs are handled (food, housing, school, etc.). I have a job so the income from that is spending/saving money. I make roughly around $500 a month from my job.

Since I was a kid I always thought card counting was "so cool". It wasn't until a month ago that I finally decided to teach myself. So for the past month I have been practicing the Hi-Lo card counting method (tried Zen Count but I felt like Hi-Lo was just as effective). I put at least 1 hour a day of practice. I have basic strategy & deviations down perfectly. I have read Burning the Tables in Las Vegas and Casino Tournament Strategy (don't quite have all of the tournament betting strategies down). For speed I either practice with iPhone apps or run through decks. Recently I've been playing dealer and three hands with chips, keeping count and playing correctly.

I feel ready to go to the casino except for the fact that I have a $1000 bankroll, and every place I look at says that $1000 is just way too low. Multiple places have said that your bankroll should be (bet)x1000, so if I wait 2 months and just play $2 games theoretically I should be fine? As it turns out most places say that $2000 is also too low of a bankroll. The way people post about bankroll make it seem like the odds are worse if you play low stakes regardless of your bankroll. I realize that I won't be "rakin in the cash", but that's not what I'm after. I'm going out to beat a game that I'm supposed to lose to. I just want to do it correctly.

The casino I am looking at has 8 deck, 6 deck, and double deck. I don't know the rules on the DD, but here are the 6 and 8 deck rules:
i) S17
ii) DAS
iii) Split 3 times max (total: 4 hands)
iv) One card on aces after split
v) Double Any
vi) BJ 3:2
vii) I'm not sure on penetration considering I've never been there but I will take it into account
viii) No surrender

I give all of this info so that I could get the best answers given my circumstance. Also please keep in mind I would like to start as soon as possible.

So before I go to the casinos here are my questions:
1a) Should my bankroll be (max bet)x1000 instead of (bet)x1000?
1b) Should I wait to go until I have enough money, even though I have an increasing bankroll?
1c) If you don't think I have to wait, what should my theoretical bankroll be?
1d) If I should wait what should my bankroll be before I start?
2) What would be the best bet amount for the bankroll you chose?
3) What would be the optimal bet spread for the bankroll established?
4) I've read that the amount you bring into a casino for the day should be (bet)x32 would you agree considering the bankroll you have established previously?
5) I was planning on playing 3-5 hours twice a month at a $2 table. What would your revisions be to this schedule considering the bankroll you chose?
6) I was planning on leaving after a 50% loss or a 30% gain. Would this be advisable? If not what is your opinion?
7) Any other advice in general would be greatly appreciated!
tringlomane
tringlomane
Joined: Aug 25, 2012
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July 17th, 2013 at 2:51:00 PM permalink
Remember that these bankroll considerations are often based upon the option of not being able to reload if things go sour. If you have a job that is purely discretionary money, then you are able to reload your bankroll if you do bust.

This being said, I am not a serious card counter and others here are, so I will let them fill in most of your question.
Ibeatyouraces
Ibeatyouraces
Joined: Jan 12, 2010
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July 17th, 2013 at 2:56:05 PM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
surrender88s
surrender88s
Joined: Jun 23, 2013
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July 17th, 2013 at 3:11:10 PM permalink
1a) Should my bankroll be (max bet)x1000 instead of (bet)x1000?
Max Bet * 50 ...( aka max bet is 2% of bankroll)
1b) Should I wait to go until I have enough money, even though I have an increasing bankroll?
I find that sticking to a bankroll is only important once you've done it for a while successfully and are increasing the stakes. Try to build your bankroll by playing.
1c) If you don't think I have to wait, what should my theoretical bankroll be? What you can afford to lose on gambling per any one visit to the casino- maybe something like 10 max bets.
2) What would be the best bet amount for the bankroll you chose? The lowest you can find.
3) What would be the optimal bet spread for the bankroll established? What you feel comfortable with, knowing that big spreads attract more attention and small bet spreads have lower EV.
4) I've read that the amount you bring into a casino for the day should be (bet)x32 would you agree considering the bankroll you have established previously? Just find one way and stick to it. I'd say that since the big bets are where you see swings, decide your bankroll and how much you bring per visit based on big bets.
5) I was planning on playing 3-5 hours twice a month at a $2 table. What would your revisions be to this schedule considering the bankroll you chose? A max bet of 20 or 25 would sound about right.
6) I was planning on leaving after a 50% loss or a 30% gain. Would this be advisable? If not what is your opinion? Just leave after about an hour. You'll find that in an hour you can make and lose a lot.
7) Any other advice in general would be greatly appreciated!

Just my perspective/advice, hope it helps. And good luck.
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." -Warren Buffett on risk/return
terapined
terapined
Joined: Dec 1, 2012
  • Threads: 76
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July 17th, 2013 at 3:48:47 PM permalink
Where's the 2 dollar blackjack? What Casino?
Last time I played 2 dollar blackjack was over 10 years ago at the Western, downtown vegas and its now closed.
"Everybody's bragging and drinking that wine, I can tell the Queen of Diamonds by the way she shines, Come to Daddy on an inside straight, I got no chance of losing this time" -Grateful Dead- "Loser"
1BB
1BB
Joined: Oct 10, 2011
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July 17th, 2013 at 4:39:11 PM permalink
I'm not a risk taker so my total bankroll is 200 max bets. Most agree that 100 max bets will be sufficient. Your trip or session bankroll is a portion of that and could be as little as 30 max bets. This will vary and is determined after a thorough evaluation of the game to be played. Do you back count (wong in) or wong out avoiding negative counts? Consideration is also given to the rules of the game to be played, penetration, hours to be played and even the number of other players at the table.

This information will help determine your betting spread. You would spread less in double deck, for example, although you may want to increase you base bet. The better the rules and conditions, the less spread you need. That doesn't mean you'll revert to flat betting rather that you have a leeway of a few units in the better games.

As a counter you have an advantage so never use wins or losses to determine your exit. Doing so can cost you missed opportunities.
Obviously you have to leave at some point but these are not reasons. Good cards to you!
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi

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