100xOdds
100xOdds
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October 12th, 2017 at 5:23:43 PM permalink
Twice this year I was up but was chasing a tier credit bonus and wound up losing $ after I achieved it.

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?
Last edited by: 100xOdds on Oct 12, 2017
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
gamerfreak
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October 12th, 2017 at 5:31:10 PM permalink
To clarify for everyone who might answer, are playing at -EV?
100xOdds
100xOdds
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October 12th, 2017 at 6:16:47 PM permalink
Quote: gamerfreak

To clarify for everyone who might answer, are playing at -EV?


Yes, -ev.
Playing 99.1%+ for entertainment
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
OnceDear
OnceDear
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October 12th, 2017 at 6:21:33 PM permalink
Quote: 100xOdds

Yes, -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.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
monet0412
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camapl
October 12th, 2017 at 9:28:41 PM permalink
Quote: OnceDear

Good 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??
100xOdds
100xOdds
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October 13th, 2017 at 1:55:31 AM permalink
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??

I 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?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
AxelWolf
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October 13th, 2017 at 2:30:06 AM permalink
Quote: 100xOdds

I 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?

I'm not even sure I understand the question.

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.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
RS
RS
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October 13th, 2017 at 2:58:01 AM permalink
From a mathematical standpoint, there is no point at which you "should quit when ahead". It's all one big session.


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.
FleaStiff
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October 13th, 2017 at 6:29:57 AM permalink
Quote: 100xOdds

Suggest 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.
SiegfriedRoy
SiegfriedRoy
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October 13th, 2017 at 2:23:25 PM permalink
Sorry 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?
gamerfreak
gamerfreak
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October 13th, 2017 at 2:55:16 PM permalink
Quote: SiegfriedRoy

Sorry 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.
camapl
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RS
October 13th, 2017 at 5:05:39 PM permalink
Quote: SiegfriedRoy

Does anybody know any knowledge?



Yes, I know some knowledge.
Expectation is the root of all heartache.
billryan
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October 13th, 2017 at 9:37:07 PM permalink
I used to know Knowledge. He ran a pot shop in Queens. Then crack came along, he switched products and got an extended gig upstate.
The difference between fiction and reality is that fiction is supposed to make sense.
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