100xOdds
100xOdds
Joined: Feb 5, 2012
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March 24th, 2019 at 9:14:45 AM permalink
it used to be that $1000 was my bankroll for the day.
only a handful of times did i lose it all during the past 5 years and i went to a casino every month (craps, vp, and/or poker) and sometimes weekly.
and i was bummed out that i went home broke.

worse feeling was when i went to Vegas for a week with a $3000 bankroll and lost it all. that plane ride home really sucked.
(Note: it was $ i can afford to lose.)

anyway, this weekend a casino had a promo: earn 10k points and you get a free cruise certificate.
slots: $1 coin-in = 1 point
vp: $2 coin-in = 1 point and 9/6 JoB qualified!

i like cruises and doing the math, i should come out ahead because avg EV= -$92 for $20k coin-in at 9/6 JoB.
at $2 denom, $20k coin-in would be 2000 hands which would take me 3 1/2 hrs.
since there could be a big swing with it being only 2k hands, i brought $2500.

the certificate has a list of free cruises between 7 to 11 days and if you dont like any on the list, you can use the certificate as $550 trade in value for the cruise of your choice. you have a couple of months to book via the phone # on the certificate.


well, i started off putting in $200 and lost it quick. I got angry about that and switched to $5 denom.
put in $300 and hit a quad plus several other 5 card hands in rapid succession. I was now up $400 but at the 10k point mark, i ended at -$1300. :(

and i was surprised that i was ok about losing the $1300 when i walked out of the casino.
i guess mainly it was relative to my bankroll and leaving with $ in my wallet made me feel better.
also, i was treating this like a +EV play and like the Wiz said it not about the outcome but "Was it a good bet?"

now lets see what happens the next time i lose $1000 during my regular casino visit.

edit:
looking back, i should have switched back to $2 denom after i hit that quad to lessen the variance.
then again, hitting a $20k Royal was also in the back of my mind...
Last edited by: 100xOdds on Mar 24, 2019
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
SiegfriedRoy
SiegfriedRoy
Joined: Sep 23, 2014
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March 24th, 2019 at 12:12:24 PM permalink
I’m sorry that you are down -1300. I always feel like a free cruise is -EV because there are so many fine prints. Last time I won a free cruise, it was for a inside room for me +1 minus taxes and port fee. 4 day “free cruise” ended up costing me $530 because it also required a nonrefundable $200 deposit which I didn’t get back, but I get back on ship charges (excursions, premium meals, alcohol, and etc.). It ended being more like a $930 cruise with a $400 discount. I hope you make some $ back on the cruise.
Marvello34
Marvello34
Joined: Mar 30, 2019
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April 3rd, 2019 at 7:47:28 AM permalink
Sorry to hear about that. How did this happen? I have heard about casino games where people earn and lose playing games.
DRich
DRich
Joined: Jul 6, 2012
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April 3rd, 2019 at 7:54:50 AM permalink
Most people way over bet their bankroll. If my bankroll was $1000 I would not be betting more than $1.25 if playing machines. If playing table games I would not bet more than $10 a hand.
Living longer does not always infer +EV
DJTeddyBear
DJTeddyBear
Joined: Nov 2, 2009
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April 3rd, 2019 at 8:01:23 AM permalink
Glad you’re ok with it.

But I’m curious to know how you feel after you take that “free” cruise. Just how free is it?
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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April 3rd, 2019 at 8:35:55 AM permalink
I've never been on a cruise, always felt they're more trouble than they're worth, but I never stop to smell the roses. I did the same thing in a way recently. I made just 1 bet by accident and had to play after that because the one bet made it worth playing. It would up costing $600 in about 2 minutes. It bothered me, but it didn't. Live by the sword, die by the sword.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
TigerWu
TigerWu
Joined: May 23, 2016
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April 3rd, 2019 at 10:19:47 AM permalink
Quote: DRich

Most people way over bet their bankroll. If my bankroll was $1000 I would not be betting more than $1.25 if playing machines. If playing table games I would not bet more than $10 a hand.



Last time I played PG Tiles my bankroll was $800, betting $25 a hand I never needed to tap more than $300 of that over the course of 15+ hours of play. Probably could have easily bumped it up to $50 a hand and still not even come close to busting out for the amount of time I played. That game is probably the best bang for your buck....
Ayecarumba
Ayecarumba
Joined: Nov 17, 2009
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April 3rd, 2019 at 12:02:03 PM permalink
It's like drinking coffee... When you first start out, the caffeine keeps you up for days, but over time you build up a tolerance that requires a bigger cup or more concentrated sludge.

Does winning a $1000 give you the same rush as before?
Simplicity is the ultimate sophistication - Leonardo da Vinci
AxelWolf
AxelWolf
Joined: Oct 10, 2012
  • Threads: 146
  • Posts: 18246
April 3rd, 2019 at 12:17:06 PM permalink
Quote: 100xOdds

it used to be that $1000 was my bankroll for the day.
only a handful of times did i lose it all during the past 5 years and i went to a casino every month (craps, vp, and/or poker) and sometimes weekly.
and i was bummed out that i went home broke.

worse feeling was when i went to Vegas for a week with a $3000 bankroll and lost it all. that plane ride home really sucked.
(Note: it was $ i can afford to lose.)

anyway, this weekend a casino had a promo: earn 10k points and you get a free cruise certificate.
slots: $1 coin-in = 1 point
vp: $2 coin-in = 1 point and 9/6 JoB qualified!

i like cruises and doing the math, i should come out ahead because avg EV= -$92 for $20k coin-in at 9/6 JoB.
at $2 denom, $20k coin-in would be 2000 hands which would take me 3 1/2 hrs.
since there could be a big swing with it being only 2k hands, i brought $2500.

the certificate has a list of free cruises between 7 to 11 days and if you dont like any on the list, you can use the certificate as $550 trade in value for the cruise of your choice. you have a couple of months to book via the phone # on the certificate.


well, i started off putting in $200 and lost it quick. I got angry about that and switched to $5 denom.
put in $300 and hit a quad plus several other 5 card hands in rapid succession. I was now up $400 but at the 10k point mark, i ended at -$1300. :(

and i was surprised that i was ok about losing the $1300 when i walked out of the casino.
i guess mainly it was relative to my bankroll and leaving with $ in my wallet made me feel better.
also, i was treating this like a +EV play and like the Wiz said it not about the outcome but "Was it a good bet?"

now lets see what happens the next time i lose $1000 during my regular casino visit.

edit:
looking back, i should have switched back to $2 denom after i hit that quad to lessen the variance.
then again, hitting a $20k Royal was also in the back of my mind...

It's seems to that you put value on this cruse and felt it was well worth the expected loss(I won't comment on that aspect since that's a personal choice).

It might just be that you felt you were getting good value so it didn't really phase you much. Would it have bothered you if the play was worth $2000 in cash but you just ran bad? Would you feel worst if you lost that much going for a free buffet and room comp that was a very slight edge if you included full value on the comps?
♪♪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♪♪
heatmap
heatmap
Joined: Feb 12, 2018
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Thanks for this post from:
LuckyPhow
April 3rd, 2019 at 1:19:32 PM permalink
Quote: Marvello34

Sorry to hear about that. How did this happen? I have heard about casino games where people earn and lose playing games.



If anyone were a Russian bot it would be this person who says such generic stuff like that I mean I could say that to anyone in any thread of this forum
Last edited by: heatmap on Apr 3, 2019

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