Suggest a profit stop point
1st time: Going for 2500tc for the 5k tc bonus.
Up +$1000 in like the first 500 tc.
ended down -$2k when I reached 2500tc. :(
2nd time: Going for 500tc for the 125tc bonus.
Up +$200 thx to a 2nd quad in 400 hands but only had 100tc to go.
Ended down -$200 when I reached 500tc.
thing is i didn't need those bonus TC.
i need 25k tc for free entry into the Atlantic City diamond lounges.
i do a DiaD in Jan for 15k tc (5k tc + 10k tc bonus) to raise my adt.
then i have the rest of the year to get another 10k tc, usually at 500tc at a time (+ 125tc bonus).
Suggest a profit stopping point.
or it doesn't matter since your whole life can be considered as one session?
Quote: gamerfreakTo clarify for everyone who might answer, are playing at -EV?
Yes, -ev.
Playing 99.1%+ for entertainment
Quote: 100xOddsYes, -ev.
Playing 99.1%+ for entertainment
Good for you matey, If it's + ev and not entertaining, then it's a chore.
See sig for the philosophy.
Quote: OnceDearGood for you matey, If it's + ev and not entertaining, then it's a chore.
See sig for the philosophy.
+EV and Free Money... Free Food... Free Rooms... Free Drinks... How can that not be Entertaining or Fun?? On the other side when your playing a -EV game and you know you can't win or break even how can that be Entertaining or Fun??
I have a different mindset.Quote: monet0412+EV and Free Money... Free Food... Free Rooms... Free Drinks... How can that not be Entertaining or Fun??
On the other side when your playing a -EV game and you know you can't win or break even how can that be Entertaining or Fun??
gambling is entertainment for me, just like some people don't mind spending $20 to see a movie ($10 ticket + $10 popcorn/drink combo).
I have a separate money pile/bank acct just for my gambling winnings (vp, craps, poker, vulturing, etc).
it's my hookers/blow/slosh $$$.
that pile has never been negative since I started it 5 yrs ago. (1st year got lucky being +$6k on e-Craps with $500k coin-in.)
as long as there's $$$ in it, im having fun.
and it's currently at 5 figures. :)
wait.. who said anything about can't win games?!
I play near break even games and it doesn't take that much variance to be slightly positive.
3/4/5x craps is 99.6% if just playing passline/max odds: Up +$6k as stated above.
9/6 JoB is 99.5%: Up +$1k doing my first DiaD and w/o hitting a Royal.
although now-a-days, games are getting worse.
the vp I play is down to 99.1% games since 9/6 JoB now require at least double the coin-in for the same Tier Credit.
Same with e-Craps. the casino doubled the coin-in needed for 1 point after the 1st year, so I don't play it anymore. :(
because the vp games are getting worse, I've been playing more live poker than anything else.
but poker gives peanuts for tier credits thus I need to play VP to maintain Diamond status to keep the free rooms/food/drinks flowing.
So back to my original question:
Whats a good stopping point when you're ahead?
I'm not even sure I understand the question.Quote: 100xOddsI have a different mindset.
gambling is entertainment for me, just like some people don't mind spending $20 to see a movie ($10 ticket + $10 popcorn/drink combo).
I have a separate money pile/bank acct just for my gambling winnings (vp, craps, poker, vulturing, etc).
it's my hookers/blow/slosh $$$.
that pile has never been negative since I started it 5 yrs ago. (1st year got lucky being +$6k on e-Craps with $500k coin-in.)
as long as there's $$$ in it, im having fun.
and it's currently at 5 figures. :)
wait.. who said anything about can't win games?!
I play near break even games and it doesn't take that much variance to be slightly positive.
3/4/5x craps is 99.6% if just playing passline/max odds: Up +$6k as stated above.
9/6 JoB is 99.5%: Up +$1k doing my first DiaD and w/o hitting a Royal.
although now-a-days, games are getting worse.
the vp I play is down to 99.1% games since 9/6 JoB now require at least double the coin-in for the same Tier Credit.
Same with e-Craps. the casino doubled the coin-in needed for 1 point after the 1st year, so I don't play it anymore. :(
because the vp games are getting worse, I've been playing more live poker than anything else.
but poker gives peanuts for tier credits thus I need to play VP to maintain Diamond status to keep the free rooms/food/drinks flowing.
So back to my original question:
Whats a good stopping point when you're ahead?
Let me see if I'm getting this right. You have your goal you intend on hitting at some point. You are breaking that up into different sessions. Your question is.... is there a good time( a certain amount that you are up) you should stop at during a session? If that's the question, then it shouldn't really matter, it's all just one big session. If you feel better knowing you stopped and when home a winner for the day and that makes you happy, I think there might be some value in being happy, even if it's just for a short time. You could keep playing and win more. Would that make you even happier? Will being up $2000 VS $1000 make you twice as happy? Is there a maximum happy point? Are you upset with yourself when you are up money but stay longer and lose it all back plus some? If so, I would stop whenever I was up and amount that I was satisfied with.
You might be spending more money going back and forth more times to the casino. Do you get more enjoyment going to the casino more often or less frequently but playing for longer sessions?
Someone might argue the faster the better since something might change or happen to prevent you from achieving your goal.
I think you are the only one that can answer this question for yourself.
Not that it's going to help from a math standpoint, but from a "happiness" or whatever standpoint, perhaps you could use an incremental win/loss limit. I'll use some numbers as examples but change them for yourself as you see fit. Let's say you're willing to risk $2k at the casino. If you're ever down $2k from your highest point, then you quit. So if you play for a while and your highest point is $2,500, then you quit when you only have $500 left. If you play more and now have $3,500 as a high point, then you quit when you have $1,500 remaining. If you get to $5k, then you quit when you have $3k.
Or maybe if you're up $1k, then you pocket your starting $2k and only play off that $1k. OR you say I'm going to keep at least half of this $1k, so pocket the other $500 as well....then just play with the $500. If you lose that $500, then you still have $2,500 in your pocket, for an overall win of $500. If you keep playing and now have $4k total, pocket the original $2k. now you have $2k left over. Either say the most you'll lose is that $2k (so overall, you break even, with $2k in your pocket), or you say you'll only risk half of your $2k in winnings, pocket the $1k in winnings (for a total in pocket of $3k) and only risk the remaining $1k of profit.
Or however you want to do it.
Quote: 100xOddsSuggest a profit stopping point.
or it doesn't matter since your whole life can be considered as one session?
You have several Profit Stopping Points.
One man, before he went to the window at the race track, put some money in his shoe "to give his wife out of his winnings". As far as his wife was concerned all his visits to the race track were profitable. Say whatever you want to about the math involved but it was clearly a good accounting system for him.
Chasing some illusory tier bonus when you are over-tired is indeed a situation to which "stop profit" applies. If you are not into it for the entertainment and not sufficiently alert, then walk away from the table. Nurse a drink for awhile and think. Do you really want to continue to be at risk.
If you are on a roll and just hit a 200 percent profit, that is wonderful but time, excitement, alcohol, etc. have taken a toll on your alertness so revert to minimum bets for awhile. If some sweet young thing joins the game revert to minimum bets.
You can be flexible and don't need arbitrary cut offs but always remember the booze is free for a reason.
Quote: SiegfriedRoySorry to side-step on a related subject. If you earn 25K diamond status, are you allowed to go to the diamond lounge everyday even if you dont gamble for the rest of the reset period? Does anybody know any knowledge?
Yes. You just need to have earned 25k TC that year to access DL in Atlantic City.
Quote: SiegfriedRoyDoes anybody know any knowledge?
Yes, I know some knowledge.
