Success at our favorite Game of Chance

Discussion in 'Bankroll Management' started by KokomoJoe4, Sep 29, 2013.

  1. KokomoJoe4, Sep 29, 2013

    KokomoJoe4

    KokomoJoe4 Member

    Joined:
    Sep 28, 2013
    Messages:
    6,012
    Likes Received:
    5,129
    I grew to like this game because of my father, a WWII Navy Vet who seemed to do very well on his occasional jaunts to Vegas way more often than not. As a man of somewhat limited means (he worked as a foreman at a local factory), it always amazed me how often he was able to purchase a new Continental or Caddy shortly after a return from the Wild West (and later from AC or the Bahamas).

    Until right before I went away to college, I never had a casino experience with him. He and his brother took me and several cousins to Vegas. I dont remember specifically how he bet (this was 35 yrs ago and he's been dead nearly 30 yrs now), but I certainly do recall his giving me a hundred bucks, and following his lead on some bets and imitating them, I recall going home with nearly a thousand dollars. The sick thing is, I only went into the casino for about an hour on one of the days there. Dad and Uncle Mike lived at the craps table - no sleep, little to eat, play, play play. Dad always played Do, and as I remember he loved his three and a pimple. Usually a very lucky man.

    I now live pretty comfortably. I started playing a lot more craps quite a few years ago. I set aside a few bucks for gambling, and typically get to the casino a couple of times a week. I decided long ago to limit myself to a $300 bankroll, with a loss limit of half of the buy-in. As my stash increases, I might get up to a $500 buy-in, when it decreases, maybe $200. I have been playing with the same money I started with 8 - 10 years ago, with a current profit of about 10k. A couple of really good days have made all the difference. There are more winning sessions than losing ones, but most are small wins, which of course are better than losses. I really think that the ability to follow your plan and leave when you must is the key to long term success. Also, I never get the urge to take a bundle into the casino with me - on the rare occasion you see a monster roll, you'll leave with one.
     
    #1
  2. chas101, Oct 22, 2013

    chas101

    chas101 Member

    Joined:
    Sep 17, 2013
    Messages:
    65
    Likes Received:
    1
    KokomoJoe4:

    Congratulations on your win... Your Father story is interesting... as I am a retired Navy Man myself.

    It sounds like you have a great discipline (up 10k) .

    Chas101
     
    #2
  3. Lifeisacrapshoot, Oct 27, 2013

    Lifeisacrapshoot

    Joined:
    Oct 17, 2012
    Messages:
    343
    Likes Received:
    9
    Gender:
    Female
    Location:
    Chicago
    Hello KokomoJoe,

    I LOVED reading your story. Really sweet and endearing. I especially enjoyed your line, "3 and a pimple" :). I've never heard that one before. Short and sweet, great advice, and simply a joy to read. I have not been on the forum often, so I decided to see what's been happening. Fortunately, I got to read your refreshing story of your family memories. Sometimes we hear that saying, "Don't it always seem to go that you don't know what you've got 'til it's gone". Well, clearly that's not the case with you. You definitely knew what you had with your dad.

    Thank you,

    Lifeisacrapshoot (Pam)
     
    #3
  4. KokomoJoe4, Oct 29, 2013

    KokomoJoe4

    KokomoJoe4 Member

    Joined:
    Sep 28, 2013
    Messages:
    6,012
    Likes Received:
    5,129
    Thanks Pam. I gotta laugh about the family stuff though. Both my mom and my wife had/have no interest in gambling. Mom never went to a casino in her life, my wife maybe five times - and she ALWAYS shoots better than I. Nor do I approve of the way she slips the prettier-colored chips into her, um pocket when I manage to collect a few of them through hard work.
     
    #4