When do you walk away?
You might want to do a search, this question (Very similar )has been asked before.Quote: guitarmandpIf you buy in for X dollars, do you play until you are completely cleaned out or do you leave when you loose a certain percentage of your bankroll?
If you're just out gambling playing 100x odds on the don't-pass or whatever, having fun, do whatever you want. But you'll be better off quitting before losing your entire bankroll....since that means you'll be playing less (meaning you'll be losing less).
Quote: guitarmandpIf I buy in for $1,500 I put $10 on the DC with 10X odds and I loose a thousand dollars and am down to $500 should I keep playing hoping things will get better, or do I just leave and fight another day?
Only you can answer that question.
Quote: guitarmandpIf you buy in for X dollars, do you play until you are completely cleaned out or do you leave when you loose a certain percentage of your bankroll?
My buy-in and my bankroll are two completely different things entirely. While not comfortable losing my whole bankroll, if I buy into a casino game for $200, $500 or $2000, I am comfortable losing that money that night if the cards or dice don't fall my way
Having used the term "ROR" in connection with some other transactions today, ROR still signifies to me Rate of Return. That is certainly a more optimistic view of the abbreviation. :)Quote: RSIf you're playing with an advantage, you would continue playing as long as your BR is large enough to maintain a comfortable Risk of Ruin. My comfort level is different than someone else's. I might be comfortable with 10% ROR, while someone who lives off of their bankroll (pro AP) might be comfortable with a 1% ROR.
Quote: guitarmandpIf I buy in for $1,500 I put $10 on the DC with 10X odds and I loose a thousand dollars and am down to $500 should I keep playing hoping things will get better, or do I just leave and fight another day?
Depends on what you're there for: a quick killing, or getting killed quick. To begin, try just 2X odds & see how things go. But, you may not have the patience. You may also have more money than I do, like buying in later for another $1,500 & doing the same thing.
Quote: guitarmandpIf I buy in for $1,500 I put $10 on the DC with 10X odds and I loose a thousand dollars and am down to $500 should I keep playing hoping things will get better, or do I just leave and fight another day?
Anytime you have lost money, all you have to do is keep gambling to win it back and you'll always end up OK.
For me I take the dice a couple of times and if I don't get the results I want with my sets
or cant adjust I just figure tonight is not the night and go home.
Winning is hard enough when your on, so playing when your not is just giving money
away. It does not matter how large your bank roll is.
Dicesetter
I quit as soon as I have a hand (where I am shooting) in which the overall result is a net loss. I typically don't bet much when other people are shooting, or sometimes, I'll make a PL bet with no Odds. If I don't make a PL bet when someone else is shooting, I might throw $1 on the Hard-Eight on each shooter because a lot of places want you to be betting SOMETHING in order to give you the dice.
Obviously, I prefer to be the only player at the table.
Quote: Mission146I don't play Craps as often as I would like, but I generally buy in for $40, bet the $5 minimum on the Pass Line, Take between 1-2x Odds, and Place the 6/8 or just one of them, obviously, if either of them is the point.
I quit as soon as I have a hand (where I am shooting) in which the overall result is a net loss. I typically don't bet much when other people are shooting, or sometimes, I'll make a PL bet with no Odds. If I don't make a PL bet when someone else is shooting, I might throw $1 on the Hard-Eight on each shooter because a lot of places want you to be betting SOMETHING in order to give you the dice.
Obviously, I prefer to be the only player at the table.
I think tipping costs you more than the hard 8s with a approx. 90% return. You are one tipping maniac when I've seen you in action.
Quote: odiousgambitI think tipping costs you more than the hard 8s with a approx. 90% return. You are one tipping maniac when I've seen you in action.
I ate dinner with mission and his gf he wanted to leave like $20 on a comp which was like $35 at most. Very nice guy.
Quote: odiousgambitI think tipping costs you more than the hard 8s with a approx. 90% return. You are one tipping maniac when I've seen you in action.
Thanks for the compliments, OG and DJATC!
I've recently acknowledged that I probably tip more than I actually should, I really don't know why I do it...I guess it's mainly because I know the people I am tipping probably don't make that much and I feel bad about being able to do certain things that other people can't do...even though I am not wealthy by any stretch of the imagination.
"even though I am not wealthy by any stretch of the imagination." That's because you tip to much.Quote: Mission146Thanks for the compliments, OG and DJATC!
I've recently acknowledged that I probably tip more than I actually should, I really don't know why I do it...I guess it's mainly because I know the people I am tipping probably don't make that much and I feel bad about being able to do certain things that other people can't do...even though I am not wealthy by any stretch of the imagination.
Quote: GWAEWhen my wife and I go to play blackjack which is a rare occasion anymore; we each sit down with $140 at a 5 or 10 table. We play until 1 of us goes broke, our combined total is double our start, or 3 hours. Whichever happens first we quit. It doesn't mean we are done for the night. Depending on what happened we may play a few slots or get dinner. After about an hour we do it again. We always do 2 sessions. That is just our way of doing things, you will have to figure out what is best for you.
I'm going to have my wife read this, I find it inspirational.
Then forever after I'm gonna say, "It's been an hour, let's do it again. We should always do 2 sessions". Tee hee
