100xOdds
100xOdds
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onenickelmiracle
April 23rd, 2020 at 12:50:12 AM permalink
For VP, I bring 1 Standard Deviation (sd) worth of loses per day.
ie: 9/6 JoB ($2 denom), 5k hands (9hrs) has an EV of -$230 +/- $3.1k
so i have $3300 on me when i sit down.

for table games, i normally buy in for 20x my bet, and i sit down with 3 buy in's worth.
for $10 BJ, i sit down with $600.
for Uth ($10 ante/$10 blinds), i sit down with $1200.

But today I figured out the SD for them. (I have lots of time to kill because of the pandemic.)
$10 BJ: 1 sd EV @5k hands = -$145 +/- $758
$10/$10 UTH: 1 sd EV @88 hands (2.5hrs) = -$9.25 +/- $927

20x my bet and carrying 3 buy in's is just some # i use because it sounds good.
I'm thinking figuring out the sd and bringing that amount for table games seems better/more consistent?

What's your daily bankroll for each game you play?
And how did you come up with that figure?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
MagicKi
MagicKi
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April 23rd, 2020 at 11:29:31 AM permalink
Thank you, but I think a lot of people don't even know what the bankroll is, and I'd like to clarify that. The bankroll is the name given to the capital we have earmarked for making the bets.
cwwbjr
cwwbjr
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onenickelmiracle
April 23rd, 2020 at 1:24:27 PM permalink
I usually take $1000 to a $25 min.- $5000 max. mini-bac table and a couple of bottles of water to offset the SD ( standard dehydration ) LOL
onenickelmiracle
onenickelmiracle
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April 23rd, 2020 at 1:56:49 PM permalink
Quote: cwwbjr

I usually take $1000 to a $25 min.- $5000 max. mini-bac table and a couple of bottles of water to offset the SD ( standard dehydration ) LOL


Good one. :)
I am a robot.
Vegasrider
Vegasrider
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April 23rd, 2020 at 2:02:46 PM permalink
I don't like to play short, that also applies to my initial buy in. Not saying that what I bring is what I'm going to use but just knowing the fact that if I need to reload, I have that option. For $10 UTH bets, I buy in a minimum of 500-700. That usually gets me thru some bad swings. I hate going down to the felt.
onenickelmiracle
onenickelmiracle
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April 23rd, 2020 at 2:27:12 PM permalink
Your bankroll of cash should be what the most is you expect to lose on most days in worst case scenarios. I'd rather have more and not need it than need it and not have it. There can be banking maintenance to unexpectedly cause you to be able to get nothing but your original limit. It's definitely a cause of stress, to either be carrying too much or too little. Then the irritant of ATM fees etc. For a lot of people, the ATM fees are cheaper than them trusting themselves inside a casino. I don't think there is a right answer for everyone.

I think you have to just reduce all stress to what is going to happen inside the casino, and not let something outside get to you. When all else fails, use common sense and not a calculation, because you might not always be calculating everything. There might be something you'll want to gamble on, you have to gamble on you weren't thinking of besides the 99% JOB you were talking about.
I am a robot.
Vegasrider
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April 23rd, 2020 at 4:18:18 PM permalink
For the most part, I usually buy in with chips. And I rarely will go to the cage to cash out. Waste of time in my opinion if you play on a regular basis, why bother? Its easier for me to chip up when I leave the table and go home with them and come back with them.
SanchoPanza
SanchoPanza
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April 23rd, 2020 at 4:35:44 PM permalink
Quote: 100xOdds

What's your daily bankroll for each game you play?
And how did you come up with that figure?


Whatever it takes to make sure that the boxman rates me fairly.
onenickelmiracle
onenickelmiracle
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April 23rd, 2020 at 4:54:25 PM permalink
Quote: Vegasrider

For the most part, I usually buy in with chips. And I rarely will go to the cage to cash out. Waste of time in my opinion if you play on a regular basis, why bother? Its easier for me to chip up when I leave the table and go home with them and come back with them.

That's one thing I've changed which people may not realize to do, I do not cash my slot tickets when leaving a casino. Sometimes I cash big tickets, sometimes I don't, just because I'll probably need the money there in the future. Tickets are more compact, can be better carrying tickets than cash for this reason. It's nice not having to waste minutes at the casino cashing tickets, and just being able to leave when it's time.
I am a robot.
Gandler
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April 23rd, 2020 at 6:08:27 PM permalink
Quote: onenickelmiracle

That's one thing I've changed which people may not realize to do, I do not cash my slot tickets when leaving a casino. Sometimes I cash big tickets, sometimes I don't, just because I'll probably need the money there in the future. Tickets are more compact, can be better carrying tickets than cash for this reason. It's nice not having to waste minutes at the casino cashing tickets, and just being able to leave when it's time.




Be careful, unlike chips (At least I don't think chips expire, somebody may correct me), most expire eventually, so if you dont go back right away and let them expire you can lose a lot of money.
onenickelmiracle
onenickelmiracle
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April 23rd, 2020 at 6:26:07 PM permalink
Quote: Gandler

Be careful, unlike chips (At least I don't think chips expire, somebody may correct me), most expire eventually, so if you dont go back right away and let them expire you can lose a lot of money.

I'm not worried one bit.
I am a robot.
Vegasrider
Vegasrider
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April 23rd, 2020 at 8:57:52 PM permalink
Quote: onenickelmiracle

That's one thing I've changed which people may not realize to do, I do not cash my slot tickets when leaving a casino. It's nice not having to waste minutes at the casino cashing tickets, and just being able to leave when it's time.



Most casinos will have machines that also serves as ATMs so you can bypass the cashier when it comes to cashing your slot voucher.
onenickelmiracle
onenickelmiracle
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April 23rd, 2020 at 9:32:12 PM permalink
Quote: Vegasrider

Most casinos will have machines that also serves as ATMs so you can bypass the cashier when it comes to cashing your slot voucher.

I'm not worried one bit.
I am a robot.
TomG
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April 24th, 2020 at 11:18:40 AM permalink
Quote: 100xOdds

What's your daily bankroll for each game you play?
And how did you come up with that figure?



"Bankroll" seems to be one of those terms that gets used so much in so many different ways as to lose all meaning. You seem to be asking how much money I have in my pocket when I walk into a casino. That is usually whatever it was the last time I left the casino. If I think it might be too low, I just stop at the ATM, there are more no-fee ATMs in Las Vegas than there are casinos. I think my daily max is $1000, I'm sure I could ask to have that increased, but never had a need to, and if I go during business hours, there is no max. Another option usually available is to withdraw from sportsbook accounts. Can also setup echecks at a lot of casinos, which function exactly like no-fee ATM withdraws from the cashier. Limits are usually pretty low, $200 - $400.

My daily bankroll for all games, as defined by how much I have when I go to the casino, is almost always around $1000 to $2000. I can never recall missing out on any betting opportunities with that amount. It can be re-loaded whenever I want, with several different methods, so it's not really a "bankroll" at all, more like the amount of money I have when I go to the casino.
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