What do you set win/loss limits at?

i play 3 point Betty: Passline + 2 come bets (all max odds).
(Some people call it 3point Molly)

i come to the table w/10x what the total $ will be for the 3 bets.

i color up when:
- i lose 50%
- i win 50%

i use 50% loss instead of coming to the table with 1/2 the amount and setting the limit to losing it all because i dont want to play money scared.
playing scared = no fun for me.


What's your win/loss limits? Why did you set it at that?
and is 10x the combined 3 bets enough to bring to the table in the 1st place for 3point Betty?

+30% or -50%

Slots:

Typical Loss Limit: $50

Reason: Don't feel compelled to lose more than that in one night.

Wins: Multiples of $50.00

Strategy: I'll usually play either a $1.00 machine at 1/Credit on a machine with a perfectly graduated payout, otherwise, I may play a $0.05 machine at five lines * 4/line if it is at a perfectly graduated payout. I've also been playing some QuickHits recently, $0.01 machine, $1.50-$2.00 Max Bet depending on the machine.

The strategy is that if I double my session amount of $50 to $100, I'll walk. However, if I end up with an amount between $100-$150, I'll either play it up to $150 or down to exactly $100. I don't care if I have $100.01 and have to go to a penny machine to play 1 Line * 1 Credit/Line, it will be exactly $100 or $150 unless I hit my hard time limit...which I don't always have.

If I hit between $150-$200, then either up or down to the next multiple of $50, ad nauseum.

I switch machines quite often, as well. I'll mainly switch if I get stuck within $20 (or less) dollars, say between $70-$90 for a long period of time, then I'll switch to something where I am betting higher just to get out of that cycle.

Blackjack, Craps and Roulette

Typical Loss Limit: $75-$100

Reason: Per above.

Wins: Multiples of Starting Amount

Craps Odds: 2x Odds-Laying

Roulette: $5 on Red, Even or 19-36, Paint corners of Black-29 at $1 each, Play $1 on Middle Row at 2:1, or pick random corner bet.

Blackjack: BS, No Sides, Count, Spread 1-3 or 1-5.

Strategy: I enjoy the tables, but generally I don't mind it if the session ends up being really short. If I am going to lose on the tables, I guess I just view it as better to get it over with. I still enjoy my time at the tables even if I lose, I don't really play them planning to profit, but I do profit a good portion of the time.

I will only play if the minimum is $5

Let It Ride

Typical Loss Limit: $150

Reason: Per Above

Wins: Multiples of Starting Amount

Style: Proper Strategy, Lots of Practice (Much of it on WOO) Becomes Automatic. I will only play if the minimum is $5

Limit Poker

Loss Limit: $200

Reason: If I lose $200 playing Limit, I suck.

Wins: Hard Time Limit- 4 Hours

Strategy: Straight Probability Analysis. If you know the exact odds (with x number of people in the hand) of just twenty or so starting combinations, then you can guesstimate the other starting combinations usually within two percentage points. I'll only ever play the best twenty (or so) starting hands, unless I see some suited middle connectors that give me a really good feeling.

I will also tend to buy-in for $750 or more in chips. I think that the bigger stack may well tend to make people think I am looser than I actually am. I also follow this up by showing down a garbage hand on a deliberately awful play really early on (if I can do it cheap, usually heads-up) so people will either think that I am very loose or simply have no idea what I am doing. They basically just peg you as a guy who will play anything immediately and that's the end of it, you can fold the next twenty in a row and they still think of you as loose! Nobody's afraid of you if you're still in the hand!

It's basically just a waiting game after that. You'll occasionally have people with the best hand to your second best hand, or people who end up sucking it out on the river, or hit runner-runner on the turn/river to pull off a long shot Flush Draw. Such is life. You'll end up ahead in the end just by playing it close to the vest and not getting frustrated/going on tilt.

It's pretty darn boring, though.

Poker Tournaments

Loss Limit: Entry Fee

Win/Style: Play to Stay, not to win, try to avoid going for broke.

If you win or lose up to half of your buy-in, leave the table. Always leave with money. The game isn't going anywhere, you can always come back and play again later.

The minimum I recommend for any table game is 20x the minimum bet.

Question about your strategy: If you're playing a $5 table, and you have pass with 2X odds and two come bets with 2x odds, you're starting bank roll is $450?

Mission146:
Your poker analysis is interesting, I'm no expert, but top20 usually means sittin around alot.
My Top46 on-line was horrendous, but Brick and Morter quite enjoyable 1/2 or 2/4 or 2/5.

Quote: SACR

If you win or lose up to half of your buy-in, leave the table. Always leave with money. The game isn't going anywhere, you can always come back and play again later.

The minimum I recommend for any table game is 20x the minimum bet.

Question about your strategy: If you're playing a $5 table, and you have pass with 2X odds and two come bets with 2x odds, you're starting bank roll is $450?

yes $450 bankroll if playing 3point Betty on $5 table w/2x odds.

why do u recommend 20x?

Quote: 98Clubs

+30% or -50%

why those amounts?

it seems like it's in favor of the casino... win little but willing to lose more.

Quote: 98Clubs

Mission146:
Your poker analysis is interesting, I'm no expert, but top20 usually means sittin around alot.
My Top46 on-line was horrendous, but Brick and Morter quite enjoyable 1/2 or 2/4 or 2/5.

Thank you, and top 20 does mean sitting around a lot, which is what makes it boring. I guess I said middle-suited connectors as an exception. I guess I'm also willing to check out any pair, but a pair outside of the Top 20 is going to have to be a really cheap flop. Maybe raised, certainly not re-raised, if it gets re-raised, someone else can see a flop with inside fours because I'm not doing it.

Will I see a flop with inside fours if it has merely been raised and my call stops the betting, I guess then I will. I'm not going to call if there is someone who can re-raise after me, though, because they already know I don't like it that much, so my only chance of it not getting re-raised is if they don't like it that much, but they should re-raise anyway because it makes them look strong AND gets me out of the hand.

I will see marginal hands if it is only costing me a bet, though. The only problem with that is you never know what the opponent really has because you did not give him a re-raise to respond to, so all he did was raise it once. That's why you play probabilities, though, it's really tough to know what people have unless they have a VERY short stack and are just trying to keep it alive. That's scared money, then. I love scared money, but hate taking it off of people, especially elderly people. Could be all the codger has to play with for a month...

I bring $300-$500, double it or lose it all to the craps table. I play with an average bet of $50-60 (I press a lot so it's tough to pinpoint an exact average) - I don't have the financial ability to properly bankroll craps the way I want to... so every time I walk up to a table I go for broke.

-300% or +300%.

I'll buy in again two more times, or leave when 3x my current buy in.

I can be a gambling degenerate, but not insane.

Quote: Paigowdan

-300% or +300%.

I'll buy in again two more times, or leave when 3x my current buy in.

I can be a gambling degenerate, but not insane.

how much do you bet? and how much is your original buy in?

I go in each night with a set bankroll. If I lose the whole thing, I stop there - otherwise, I run the risk of losing the diner unless I can get Linda Lavin to do a Robert Goulet impersonation. (Or am I confusing this with an episode of Alice? Anyway, I do have the "set bankroll" policy.)
On the other hand, if I get ahead by 50%, I'll change my stop point to when I get back down to where I started.
Other than that, I'll keep playing until either I'm the only person at the table or I start to feel that my head is no longer in the game.

Quote: ThatDonGuy

I go in each night with a set bankroll. If I lose the whole thing, I stop there - otherwise, I run the risk of losing the diner unless I can get Linda Lavin to do a Robert Goulet impersonation. (Or am I confusing this with an episode of Alice? Anyway, I do have the "set bankroll" policy.)
On the other hand, if I get ahead by 50%, I'll change my stop point to when I get back down to where I started.
Other than that, I'll keep playing until either I'm the only person at the table or I start to feel that my head is no longer in the game.

ahh.. set multiple Win limits?

once u reach one level, quit when u go back to that level?
I like that. Lots of upside, very little down side.

but why did u pick 50% as the 1st win limit?

Buy in for $1000, 50x odds right away at the Casino Royale table, walk out of there broke or with the ability to pay off all my accumulated debt...

Oh wait, only tried that once.

Quote: 100xOdds

Quote: ThatDonGuy

I go in each night with a set bankroll. If I lose the whole thing, I stop there - otherwise, I run the risk of losing the diner unless I can get Linda Lavin to do a Robert Goulet impersonation. (Or am I confusing this with an episode of Alice? Anyway, I do have the "set bankroll" policy.)
On the other hand, if I get ahead by 50%, I'll change my stop point to when I get back down to where I started.
Other than that, I'll keep playing until either I'm the only person at the table or I start to feel that my head is no longer in the game.

ahh.. set multiple Win limits?

once u reach one level, quit when u go back to that level?
I like that. Lots of upside, very little down side.

but why did u pick 50% as the 1st win limit?

I consider that a balance between setting my "safety value" at the break-even point and having enough money to continue playing.

If it was "the minute I get ahead, set the stop point to when I go back to the break-even point," then that can make for some fairly quick nights at the table - if I bet $10 pass and $30 odds, and the first shooter makes a 4, I am ahead $70, but two seven-outs later, I am now down $10 and my night would be over.

Example:
Table minimum $ 5.00 . For roulette $ 200.00 per session = $ 600.00 for 3 sessions.

Win Goal, but not win limit >>>> 15 % per session. ( NO SWEAT)

Loss limit 25 % per session.



I do NOT gamble. The casino does to allow me to play.

Quote: 100xOdds

why those amounts?

it seems like it's in favor of the casino... win little but willing to lose more.

Sorry for the late response, but in general, in a negative EV situation such as VidPoker, PGPoker, and to a lesser extent Craps and 21, those expectations (+30%, -50%) are fairly close to even.