How much is your real bankrolls?

Discussion in 'Bankroll Management' started by Taymac25, Feb 22, 2015.

  1. Taymac25, Feb 22, 2015

    Taymac25

    Taymac25 Member

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    I have a question about bankrolls. My friend told me to never loose more than half my bankroll. So if you start with $300 and get $150 down I should leave but for me I consider that $300 is my maximum to lose and I like to play with the full $300. So should I be taking $600 a trip? to me it always seems like if I have it I will spend it. It just doesn't make since to me to take more money to the casino than you plan to loose. Because if you're like me and lose the first $300 you're going to try and win it back. what should I do?
     
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  2. basicstrategy777, Feb 22, 2015

    basicstrategy777

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    It seems like you don't think it makes sense to leave the casino with money.....so you should follow what makes sense to you and that is to go with 300 and go home with no money. No need for discipline. How does that sound ?

    777
     
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  3. Taymac25, Feb 22, 2015

    Taymac25

    Taymac25 Member

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    That sounds great so you see no problem with that type of bankroll management, taking what you are comfortable with losing and going home when it's gone? If you don't think its a good idea to lose all that you bring I want to know. Especially from you 777 you seem to know your stuff.
     
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  4. KokomoJoe4, Feb 22, 2015

    KokomoJoe4

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    I also like the idea of leaving with some of my starting funds, even on days I go home a loser.

    But obviously, the way you play and how you manage your bankroll is up to you.
     
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  5. Taymac25, Feb 22, 2015

    Taymac25

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    Kj4 I want your opinion too
     
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  6. KokomoJoe4, Feb 22, 2015

    KokomoJoe4

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    Taymac,

    It is hard but not impossible to be ahead at this fine game.

    Because of negative expectations, it is necessary on occasion to nab a few "healthy wins". On the more regular times when you are heading home with less rather than with more, keep the amount lost to a pre-determined percentage of your starting amount. For me, this is typically 50% of my buy-in, which is normally $300, and always in the range $200-500.

    By losing less with the losses, and using aggressive progression with the good sessions, I am attempting to keep the losses small and make the wins big. Don't always succeed with the latter, but do manage to do so with the former.

    Works for me.
     
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  7. Taymac25, Feb 22, 2015

    Taymac25

    Taymac25 Member

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    Thanks for the info that kinda makes sense to me and I saw 777 on another post say in order to be mentally strong you need to exercise your mind and i haven't been doing that. I just go with what I want to spend and leave when it's gone and I tend to feel sick to my stomach when this happens maybe it is time for me to exercise my mind and try to have some discipline when I play.
     
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  8. basicstrategy777, Feb 22, 2015

    basicstrategy777

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    I was kinda pulling your leg Taymac25 ; sorry.

    I wanted for you to see that going home with no money is not a good thing to experience, especially psychologically. It doesn't make you feel good.

    Sure, you can bring 300 and lose 300, but I wouldn't do it that way.

    The idea of only losing 50% of what you bring will develope discipline in you....and that is the very most important quality you can have as a gambler. I believe.

    To walk around a casino and not gamble is hard to do....to walk around a craps table and not bet is hard to do......to leave when you are ahead or behind is hard to do. But you must be the master.....and that is hard. But I believe you can develope that discipline if you test yourself. Only losing 50% of what you bring is one way to do this.

    Good luck.

    777
     
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  9. Taymac25, Feb 22, 2015

    Taymac25

    Taymac25 Member

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    Thanks for clearing that up I didn't realize you were pulling my leg 777 haha. I'll try it next time I go but I've been stuck in my ways for awhile so this will be a hard one.
     
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  10. basicstrategy777, Feb 22, 2015

    basicstrategy777

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    I know it is very, very difficult. Try to make a few rules for yourself before you go and try to obey them. I know it is hard for me and sometimes I break my rules. I hate rules.......but when you are gambling your hard earned money they are important.

    777
     
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  11. Taymac25, Feb 22, 2015

    Taymac25

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    Well I'm going to Par a Dice hotel and casino in Peoria IL on Friday it's about an hour away from where I live and I might set a slop loss of $150 but instead of $300 I might bring $350. and only use that extra $50 if a have a hunch of something good to come. I hate leaving with no money but another thing that drives me crazy is leaving with SOME money, haha, that I planned to spend, like the group left early and I didn't want to make a few huge bets just to get thru my bankroll so I left with like $100. I just always think on the way home; what if I would have stayed just a bit longer?

    Please critique and criticize. Harsh or not I want to hear it.

    Except about the hunch thing I know it's bad to have hunches and bet on those hunches but it just makes the game more fun for me.
     
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  12. goatcabin, Feb 22, 2015

    goatcabin

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    From a rational point of view, if you buy in for $300 but quit playing if you are down to $150, then you are just playing with $150, so to the extent that your effective bankroll (the amount you are actually willing to invest in that session), affects your chances of coming out ahead, your chances of playing as long as you want to, your chances of winning some particular amount, $150 is your bankroll, not $300.

    OTOH, many people feel better if they leave with some money when they have a bad session.

    You haven't mentioned what bets you are making and for how much, which are significant in determining a bankroll. You also haven't mentioned how long you want to play, or some other trigger to stop playing, like increasing your bankroll by 50%, so it's really almost pointless to give advice.
     
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  13. Taymac25, Feb 22, 2015

    Taymac25

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    Sorry for not putting in the details I bet $5 PL $10 on odds and I place the 6 and 8 for 6 things usually get whacky when a six of the eight is the point I tend to bet more on odds and place either the 6 or 8 whichever is not the point for $12. With $3 hard ways on 6 and 8. I like to play about 2-3 hrs. As far as stopping when I'm ahead that's the tough part I don't know if I know where I want to stop. When I dream about gambling as some of you may do. I get to the table the rules have changed a bit but I can't lose I make like millions and at the end of the dream I'm in a new house and that's about the time I here the alarm. And I'm young so im a dreamer I feel like those dreams could become a reality if, as dumb as this is gonna sound, I just never stop myself. I just keep gambling with the winnings and increasing my bet until I have to go to Vegas to bet more on each hand. That's the dream or at least my dream. So as far as where I need to stop I need some help. And please critique and criticize

    PS you can tear me down all you want by saying no one wins money like that but just know you're crushing my dreams. Haha
     
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  14. Taymac25, Feb 22, 2015

    Taymac25

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    Let's just say I want to win $1000 what should my bankroll be
     
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  15. basicstrategy777, Feb 22, 2015

    basicstrategy777

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    5000 should give you a decent shot.

    777
     
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  16. Taymac25, Feb 22, 2015

    Taymac25

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    So with my $300 I should stop after gaining $60 I'm confused

    I want to win several hundred
     
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  17. KokomoJoe4, Feb 22, 2015

    KokomoJoe4

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    Bet bigger when fortunate enough to have recently won chips in the rail. By bigger I mean larger bets, not more bets. Keep increasing as much as you dare until you see a loser, then quit while ahead. Don't believe too many players will advise that you quit playing while still winning....
     
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  18. Taymac25, Feb 22, 2015

    Taymac25

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    Thanks for all the advice I'll try it out Friday
     
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  19. optimist415, Feb 22, 2015

    optimist415

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    Interesting question and responses. I hate to lose so will always quit when my bankroll is getting short. If I start with 300 and get down to 200, I will take a break before stepping back in to play. Switch tables, walk around-anything to get my head back into the game. When I am winning, I will take some of the win and just put it in my pocket. And never touch it again until I cash out. That way, when I am ahead and still playing, I won't give it all back.
     
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  20. basicstrategy777, Feb 22, 2015

    basicstrategy777

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    The greater your session stake and the lower your win goal, the greater the chance you have to achieve it.

    777
     
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