Surviving on a $200 to $300 Bankroll

Discussion in 'Bankroll Management' started by SevenOut, Nov 11, 2012.

  1. KokomoJoe4, Jan 7, 2016

    KokomoJoe4

    KokomoJoe4 Member

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    Really? Who in their right mind would spend this kind of time performing and then analyzing "experimental, imaginary play" concerning the hypothetical outcomes associated with a couple hundred dollars of monopoly money?

    Isn't the idea that it's gambling, and the rush that comes from putting your hard-earned money at risk the reality of gambling?

    Do you really expect that all of these make-believe events have any bearing on reality? What are you going to learn, that you should have quit after the first winner, or at least way before everything brought in was lost?

    Winning and losing when playing with what might have been the milk money is the only way to learn anything about managing or mismanaging your money.
     
    #101
  2. random_roller, Jan 7, 2016

    random_roller

    random_roller Member

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    I knew I should have sold my shares of AAPL when it was at $135 last year. Apple closed at $96.45 today over $4 a share. Worse than a bad day a the craps table.
     
    #102
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  3. Onautopilot, Jan 7, 2016

    Onautopilot

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    This is a really old thread, but in defense of Goatcabin, I'll offer my two cents.

    All he is really saying, is one should know what the long term expectation is for a betting scheme they are planning on using. He would be the first to admit that variation trumps HA in the short run.....but we all play in the long run, if you want to accept the reality of that.

    I always run simulations of betting schemes I want to try. I also compare different schemes to see what the long term expectation is for each one.

    Does it do me any good? Maybe, maybe not, but at least I have some information that helps me make decisions.

    We all need luck to win, but knowing how much luck for a given scenario is something I like to know.

    But having said that, I do not argue with your "milk" money analogy. :)
     
    #103
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  4. KokomoJoe4, Jan 7, 2016

    KokomoJoe4

    KokomoJoe4 Member

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    We dinosaurs don't have much use for electronic gadgetry, but if their watches start to sell, you'll be happy you held onto your shares.
     
    #104
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  5. basicstrategy777, Jan 8, 2016

    basicstrategy777

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    Basicstrategy for playing the market.

    Buy individual stocks....short the market.

    777
     
    #105
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  6. SevenOut, Jan 22, 2016

    SevenOut

    SevenOut Member

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    Having moved to Nevada part time with more Casinos within 10 miles from my Snowbird home... gives one time to observe and reflect upon the $200/$300 bankroll.

    It affords a Craps enthusiast, as myself, to play and with a profit... color up and become a spectator. None of this having to drive hours or days to play as a captive inside a Casino. Playing the "tables" is no longer a destination, but an OPTION. IF I want to shoot Craps within thirty minutes, ten minutes from my front door... I can. The caveat is... this is not for a Craps Degenerate living from day to day odd jobs at a plant nursery, as you see in Henderson and North Las Vegas.

    Even winning just enough after a Seven Out to cash out and use the profits for a 2 for 1 Buffet for a Veteran or Senior Citizen.

    Finish the Buffet... maybe step back into the action. Maybe watch. Maybe... just wander around for exercise.

    Well studied Craps Players should have already sold the majority of Stock Equities in 2015 and pay the taxes on the increased values, if you hung onto them through the big drop and the rise again... for the current drop. We built a new home in Nevada with the proceeds, thank you. Landscapers are still working on the pavers, irrigation for desert plants and working on drainage. All thank you for the big 2015 comeback on well picked stocks when times were sour and sellers dominated.

    Craps and Investing are games and a test of nerves. When Tax Free Municipal Bonds were available at Face Value and decent percentages (other than Porto Rico's)... cash flow is good. Those are the Conservative Craps System player's game. You cannot beat the system, Craps or Investing, all of the time. Both are legalized gambling. Read the fine print from a Broker... YOU are holding the chip and the Broker is the Stickman at the Craps Table accepting your wagers on the prop bets.

    Bankroll is just a number that suits your Craps Game.

    Playing a $100 or $1000 Bankroll and losing... the $100 player has no more or less advantage to leave as a winner.

    Playing with those two Bankrolls and WINNING... they both do well betting the same system that was winning with just more risk riding on the cloth.

    Craps is dancing with fate. When the game is favoring the Player... for whatever reason... you speed up pressing wagers for Pass Systems... and hope you did not wait too long into a winning session. These are conscious decisions. Not automatically predetermined after a number of shots, then increase or decrease a or any wagers.

    There are obvious poor choices of wagering. But even those can have winning sessions. As critics, we must observe and understand that even a lousy Craps Player can win, sometimes.
     
    #106
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  7. tercol58, Jan 22, 2016

    tercol58

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    I have always thought this way if $100 is 10% of bankroll for me and $1000 is for you percentage wise we will do the same play wise is a different story
     
    #107
  8. SevenOut, Jan 28, 2016

    SevenOut

    SevenOut Member

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    Anyone following Dice Influencing and Die Bias will eventually discover that there actually ARE two ways to attempt to maintain a bankroll against the Casino's HA profit machine.

    A SYSTEM of Play you are comfortable, as I am with my Full Monte $200.

    BANKROLL MANAGEMENT. Maintaining or pressing wagers earlier or later as winning rolls dictate those alternatives.

    Other than these two alternatives that you can SEE, FEEL and COUNT in your chip rack and working on the table's cloth... the rest is your imagination working against you.
     
    #108
  9. SevenOut, Oct 17, 2016

    SevenOut

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    My summation of 2015 and to date 2016 Craps results:

    2015: 16 Sessions of Play from January 15 to December 2, 2015.
    High: +$579
    Low: -$545
    End of Year: -$497

    For 2015 losses per Session varied from -$51 to the maximum of $200.

    2016: 11 Sessions of Play from January 3 to October 5, 2016
    High: + $67
    Low: -$973
    Up to October 5: -$973

    For 2016 losses per Session varied from -$12 to the maximum -$200.

    Playing $200 Bankrolls. Quit when table begins to take winnings. Play until my $200 is lost or quit with some original bankroll, of which there is not enough to cover wagers to play properly. Or, when recovering losses and quit with a smaller loss for the Session.

    (2015) The most won at one Session was $525.00 at the Sandia Casino January 15, 2015 outside of Albuquerque, NM in 2015. ($200 Bankroll with 10X Odds table)

    (2016) The most won at one Session was $190.00 at Railroad Pass, Clark County, Nevada January 5, 2016. ($200 Bankroll with 2X Odds table)

    The more you play... the more you pay.

    These are written in my vehicle's gas log book and faithfully recorded as to when, where, win/loss and net win/loss. I know what I am doing. Played when traveling through New Mexico and Nevada. It is not entertaining when you lose. The memory of the big wins fades quickly, like the Bankroll.

    I had been on a strict $200 Bankroll Loss per... MONTH. I lose, $200... I quit for the month. If I am up for the month... I play as long as I have positive Bankroll. This is entertainment for myself. I hate to lose. It takes restraint. I do NOT return to the Craps Table to... get back to EVEN. Never.

    My log book is a reminder that you can always recall the wins and find it easy to forget the losses.
     
    #109
    Last edited: Oct 17, 2016
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  10. TheOtherBigRed, Oct 23, 2016

    TheOtherBigRed

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    My personal unwritten rules include increasing frequency of play only when I'm up for the quarter. This spring I played up to three times a week from my original stake for that period. I was always just positive enough and I didn't run out my original $200 buy-in until June.

    This month I broke 2 of my rules, and as such have imposed an ban on further play until January (except for a vacation that was already planned).
     
    #110
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  11. TheOtherBigRed, Oct 23, 2016

    TheOtherBigRed

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    Also, a belated welcome back SevenOut. I've missed your posts.
     
    #111
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  12. SevenOut, Oct 29, 2016

    SevenOut

    SevenOut Member

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    Thank you, TOBR. Also KJ4... good to see survivors from 2015 still on board.

    Closer to 'rising from the dead' is closer to the truth. It is close to Halloween.
     
    #112
  13. SevenOut, Nov 21, 2016

    SevenOut

    SevenOut Member

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    I have made $243 at Club Fortune Casino on south Boulder Highway, Henderson, Nevada with a $100 Bankroll after two visits. Both times I commented to the dealers 'how easy making money shooting craps was...'. as I colored up and cashed out.

    Play the same System but with HALF of the Place Bets, $1 Hardway 6 and 8, while still playing 2X to 4X odds on the Pass Line.

    When on a $200 or $300 Bankroll System of Play and playing aggressive... getting whipped. Playing $100 Bankroll game... and winning.

    If that does not get you confused... consider how I feel.
     
    #113
  14. KokomoJoe4, Nov 21, 2016

    KokomoJoe4

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    Don't argue with success. Keep on going in with only one Ben Franklin.
     
    #114
  15. SevenOut, Nov 26, 2016

    SevenOut

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    Again, November 25th at the Palazzo, Las Vegas, Nevada using the same System and a little different strategy on a 10 and 4 as point. But that would take too much time to describe.

    With a $200 buy in I played at two $10 tables, leaving with $75 cash and kept $3 as one dollar chips for my Casino visit chip stash on our window sill. A total of $78 winnings within twenty minutes and QUIT. My Hit & Run when ahead. Left almost $60 on the table working, when I quit.

    For a Strip Casino... the first table had a dealer that even the Stickman was correcting MY end dealer on payouts. When an outcome was 5, I gave the dealer my $34 inside Place Bet wagers. He returns $2 to me. The puck was on the SIX. My mistake... I thought.

    The stickman noticed this end dealer had the SIX as point... but the point was the FIVE. This was after the second roll of the dice it was noticed. The dice were being tossed to the other end of the table. The end dealer then moved the puck to the Five and wanted my $2 back... which I returned.

    The outcome on the next roll WAS a FIVE and he was getting ready to PAY the Front Line as a winner, and not as a Place Bet!

    After that session was finished... I gathered my chips and moved to another $10 table.

    The Stickman called dice outcomes so lightly... even the dealers had no clue.

    After playing at the second table for ten minutes or so... the Pit Boss walked over to me and said "we owe you Ten Dollars" after I colored out. I thanked the Pit Boss and should have asked 'where were these two $5 chips'? Sometimes you take what is owed and keep quiet.

    ... and no. They do not give out cancelled dice. Does not hurt to ask, but I have yet to find many Casinos giving Craps Players some souvenirs.
     
    #115
    Last edited: Nov 26, 2016
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  16. Twelve4s, Apr 2, 2017

    Twelve4s

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    This thread deserves another visit....
     
    #116