Frequent Small Wins OR Fewer Big wins?

Discussion in 'Bankroll Management' started by SevenOut, Oct 8, 2014.

  1. SevenOut, Oct 8, 2014

    SevenOut

    SevenOut Member

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    I have had years to work this one out... Hit and Run. I prefer playing short games, take the win or loss and come back again, repeat.

    Of course, if you have to drive 150 miles, 75 miles or 1200 miles to play... this is not your game strategy. Although distance to a Casino is a problem, when I am in an area for a week or more, I go frequently but with the Hit and Run game strategy. It works... for me, as that is what I have been doing since learning my lessons junket traveling to Las Vegas, Nevada for three or four night trips. My recollection is coming with high hopes. Coming back with empty pockets.

    Those of you who travel longer distances are at the mercy of your wanting to play and the excessive amount of time exposing your bankroll to the regressive Casino odds, built into all of the "games". Some shrug this off as the cost of entertainment. Getting yourself beat up financially is not entertainment... Shows are Entertainment. Craps is guerilla warfare. My goal is to hit hard and leave while ahead. Then, repeat. If I am beaten at their game... I recoup, think about it and can return fresh and when I AM ready.

    A $200 to $300 bankroll per session it is actually above the majority of Craps players bankrolls of $100 or less. They are Hit and Run players as well. The $200 to $300 bankroll is just a multiple of 2X or 3X. The player can absorb a Point Seven Out... and some sessions when you take in less than you lost. But, when the dice turn in your favor, you can press your wagers and return your bankroll back to even and make the House Money work for you. Why this happens sometimes is something for another Thread.

    The $1000 bankroll is 10X the $100 and 5X the $200, that's all. Nothing special about it, other than buying more time during a long losing session. These guys usually begin to get pale after the first $300 to $500 has been squandered to the Craps Tables bank. They cut their losses and leave.

    Work on percentages of bankroll wins, not in $$$$ totals. That is THE FATAL judgement error of most players at a Casino.

    I like hitting quick, take a $50+ win and go on with the rest of my day. A luxury to those of you living in a "Casino Town". Kansas City is great for Hit and Run Players... so are the major cities in Nevada. You are considered a "local", the scourge of the Casino's bank!

    It is no accident that Casinos are built AWAY from major metro areas that are the intended targets for income. Think about it. The investors of a Casino understand human nature... dreamers of easy money trumps smart Money Management skills. It is human nature of the majority.

    What is your strategy? Will the Casino always have the upper hand when it comes to location, location, location? This, of course is changing as more Casinos are being built closer to the source of... suckers. I think Atlantic City, New Jersey is getting a taste of this change in strategy, and why should New York supply New Jersey with live ones, when New York may as well reap the rewards by permitting one or more Casinos closer to THEIR metro source of income.

    What is your theory of where Casino's are built? What is wrong with six less than one hour Hit and Run sessions, versus one SIX HOUR butt whipping?

    This is strictly an opinion thread. No right or wrong. When you look into your wallet after you quit playing... the answer is right there under your nose. Isn't it?
     
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  2. Linaway, Oct 8, 2014

    Linaway

    Linaway Member

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    SevenOut,

    Reads like very good opinion to me.

    Linaway
     
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  3. Grizzoola, Oct 8, 2014

    Grizzoola

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    7Out, you hit some points sensitive to me.

    (1) Brief sessions vs. long sessions. It really depends upon your BR at any one session, your win goal (if any), and your loss limit (if any).

    It's really psychological. There's no difference between winning $50 over 6 one-hour sessions and $300 over one 6-hour session. Similarly with losing. For several reasons, I like to stay in for at least one hour & maybe even 2 hours, max. Depends on how my BR is doing, and my stamina at my age.

    I find winning/losing varies session to session. In 15 min. I can hit my loss limit; next hour & a half session, I can exceed my win goal. Or, other way around. It takes a bigger BR, I think, to ride out a 6-hour session. And, a lot of guts.

    But, I prefer shorter sessions to walk away satisfied with a win or satisfied I didn't lose too much. There's always the next session.

    (2) Trips. My state, MT, does not allow table games, except poker. Allegiant Airlines, based in Vegas, has twice weekly flights to Vegas; they are always full. I have to drive 250 miles over 2 mountain passes to get to a table, with the attendant lodging, food, gas, etc., expense.

    MT is stupid not to allow table games and at least Class III gambling on tribal lands like in WA, where I have to go. There's a lot of MT money that could be kept right here if we had Class III gambling; but, as my dad said, "It's the churches." Maybe MT can wise up like NY did.
     
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  4. Liman

    Liman Member

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    it bewilders me NY state and NY city have decided against casinos in the greater metro area, or Nassau or Suffolk county. Full casinos, not racinos.
    the papers list the stressful financial situation the city boroughs are in, Nassau and Suffolk, counties etc.....

    Allow a few casinos with full licenses, make them pay 300 million first the license, then a percentage of the take, lets not forget the 1000s of jobs, the boost in the local economy(maybe not the bars), its not the final answer to budgetary problems, but it certainly will add tons of dough to the city coffers.
    I don't get the politicians.

    Do they really feel the most heaviest populated area on the planet will not seek out gambling if its a few hours away?
    casinos upstate doesn't matter much for the downstaters and city people.
    Atlantic city and philly is just as close and for years 1000s of NYers daily flee to gambling destinations and support the other states local economies.
    Keeping all those people home for casinos the money pot is unimaginable.

    Lose all that revenue to other cities, states?

    Morons, total morons.

    there are arenas like Nassau coliseum with enough acreage to support a mega casino and enough roadways to not mess up local traffic.
    Cleveland put a casino right smack in the downtown area, why cant Manhattan, Brooklyn, queens?

    I will be long gone from long island by the time casinos come here.
    They will never see an ounce of my money, since either Ill be dead or gambling in my new state of residence, where the politicians aren't so f.....ing stupid.
     
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  5. basicstrategy777, Oct 8, 2014

    basicstrategy777

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    The state of CT. has made over 5 billion dollars on the 2 casinos since they opened.

    The deal the state cut with the tribes is the state gets 25% of casinos slot revenue.

    The money is distributed among the 169 towns in CT., determined by a formula, for the towns to use as they please. The balance of the money goes into the general fund.

    For a state not to allow gambling is a mistake, IMHO. It will happen sooner or later and the reason is money. States need to find money in areas other than the many taxes they impose on the people. The sooner they allow casinos to operate in their state the sooner they can get money to help defray the cost of gov't expenditure. Because of the economy, slot revenue has gone down over the past several years.

    I would not be surprize, if sometime in the future, the Federal gov't will try, in some way, to get money from Indian casino's.

    777
     
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  6. SevenOut, Oct 8, 2014

    SevenOut

    SevenOut Member

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    Basic777- You need to read this book about CT Casinos... Both are related... in a way. Read this book to see how that happened.

    [​IMG]
    Stock Image

    View Larger Image

    Revenge of the Pequots: How a Small Native American Tribe Created the World's Most Profitable Casino
    Kim Isaac Eisler
    Published by Simon & Schuster (2001-02-15)
    ISBN 10: 0684854708 / ISBN 13: 9780684854700

    ********
    There are 78 copies for sale at www.abebooks.com for $1 to $59. Believe me, the $1 is the same as the $59 copy. You will not believe the hassle and politics the Pequots (PM Casino) went through. Although when you read the history of the tribe... eventually they did get "revenge" for how the US Government worked them over historically.

    After I read my copy, I gave it to the Tribal Committee operating the Sandia Casino, north of Albuquerque, NM and suggested they might want to write their story...
     
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  7. SevenOut, Oct 8, 2014

    SevenOut

    SevenOut Member

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    Grizoola.... My family is native to Somers, Lakeside and Kalispell, Montana. I do not even know if there is any Poker "Casino" in Lakeside County, either. I just never stop to see what is inside any, so far.

    The Casino near Riverton, Wyoming closed down their table as there was not enough interest.

    I think the biggest problem in the area east of the Sierras in Oregon and Washington into Montana and Idaho... I doubt if a Casino could be supported. Even Billings does not have enough people... but there is plenty on Oil Money in that area!

    My 6 Sessions versus one mother of them all session... I like to play but do not like to lose. I would rather loose a $1200 bankroll over 6 sessions, than the Death Star wipeout over a long session.

    Our last "camping trip" took us through Albuquerque, NM Sandia Casino to Las Vegas to play. I posted the story somewhere on the Forum and won decent money for the $200 bankroll and my being able to maximize my win... finish up the last session and get out of the Casino with their money. I actually have the winnings still in my wallet. Next trip... late January...

    In Colorado there is a vote on a bill to have a Casino outside of the Denver metro area. The mountain Casinos are advertising very heavy against it. If this passes, this Casino could be equal to a Reservation Casino in New Mexico and for Wyoming, Nebraska and Kansas residents on the Colorado side of their borders... about time you do not have to navigate snow, ice, traffic and narrow canyons to find some decent tables!

    Everyone has their preference. I would rather take a high calorie baked pie and eat one slice at a time, comparison. I use to pig out on the LV junkets... and paid the price. This is like having 5 or more Craps highs, rather than one gluttony sugar high and after 5 hours or more... the loser's low...
     
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  8. Liman

    Liman Member

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    near Syracuse ny is the turning stone casino, a tribal casino.
    all the years I went there, mainly from 2004-2009, while my daughter was in school, they didn't have a liquor license.
    they had some beautiful sports bars, always vacant.
    seems ny state wasn't getting taxes or something like that, I don't remember, they wouldn't issue them a liquor license until the casino agreed.
    I remember checking in and they would hand you a piece of paper you needed to sign stating you wont bring alcohol onto the property.
    I know they worked it out, I heard they have been serving alcohol for years.
     
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  9. SevenOut, Oct 8, 2014

    SevenOut

    SevenOut Member

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    Liman... I liked the "Turning Stone" as you walked into the Casino. The Craps Tables were the first thing I saw as you step into the Casino. That was a long time ago. Visiting my wife's relatives near Syracuse. Wasn't there long enough to get hungry or thirsty...
     
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  10. Liman

    Liman Member

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    they had girls pushing around carts like an airplane with non alcoholic beverages.
    In the beginning, their system was bad, not sure if its the same, for slot play, you had to fill your debit card to play. machines didn't take cash, had to put it on your card.
    they had people standing all over the slots area with small machines to add money to your card. Not sure how it works now. hotel was nice, cant get rooms in summer due to all the golf tourneys.
     
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  11. rudeboy99, Oct 10, 2014

    rudeboy99

    rudeboy99 Member

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    There's one aspect to legalizing gambling in new areas that the majority of players are naive about that is a serious concern. It would seem that a couple of mega casino/hotels locating in a city or county would be a cash cow, an answer to whatever financial shortfalls, tax-wise, a particular area has. While it's true that it should be the case, somewhat, gambling joints are like a magnet to a lot of citizens who live life on the edges, way out on the edges. In EVERY instance I'm familiar with, you're crime rate rises dramatically, as do the divorce stats. A certain % of players go degenerate and go down the tubes. Elevated drug and alcohol abuse. Anyhow, a large portion of the newly acquired tax monies ends up paying for increased social programs, and that's something pro gambling politicians and big businessmen fail to mention when they're trying to pass gambling legislation. And this is FACT.:(
     
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  12. KokomoJoe4, Oct 11, 2014

    KokomoJoe4

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    and here I thought the reason for the phone number to call for the "problem gambler" you hear at the end of any casino commercial was to bitch about them paying 7 and 9 FOR one instead of To one on the hardways......

    Small wins aren't much fun, but they're a hell of a lot better than losses.
     
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