$150 or $200 Bankroll?

Discussion in 'Beginner Zone' started by Grizzoola, Mar 13, 2013.

  1. Grizzoola, Mar 13, 2013

    Grizzoola

    Grizzoola Member

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    I'm debating how much cash to carry w/ me to a casino. Next mo. I plan to play 4 sessions at a casino, but have to drive there & wonder how much cash to take. Here's the question: Should I buy in for $150 or $200? Say I buy in for $200. Is it worth it, once I've lost $150 to hope that w/ the $50 left I can rebound? If I buy in for $150, I'm prepared to lose all of it. But if I buy in for $200, is it worth it to hope that the remaining $50 will bring me back? If I buy in for $200, I'm prepared to lose all of it, but I'm wondering if that last $50 is worth it.

    What's your opinion/preference?
     
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  2. kmaldona, Mar 13, 2013

    kmaldona

    kmaldona Member

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    Set a loss limit. About 50% of your session BR.

    Buy John Patricks Advanced Craps book.
     
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  3. 7Craps, Mar 14, 2013

    7Craps

    7Craps Member

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    Thanks for asking.
    Low Buy-ins, IMO, make your session bankroll as high as possible.

    No fun busting out early or hitting your stop loss too soon.
    You have fun the longer you play and may even show a profit.

    How about the player making just a pass line bet and 2x odds
    $5 pass line with 2x odds
    400 rolls max session (4 to 5 hours of play)

    $200 buy-in
    Bankroll was busted . . = 21.206% of the time ( 212065)
    Bankroll decreased . . = 52.886% of the time
    Bankroll increased . . = 46.875% of the time

    $150 buy-in
    Bankroll was busted . . = 35.526% of the time ( 355255)
    Bankroll decreased . . = 55.180% of the time
    Bankroll increased . . = 44.609% of the time

    Bust rate about 40% lower with the higher stake.
    So in this example that extra $50 makes a nice difference IMO.

    Not playiing favorites
    $5 don't pass line with 2x odds
    400 rolls (4 to 5 hours of play)

    $200 buy-in
    Bankroll was busted . . = 21.157% of the time ( 211571)
    Bankroll decreased . . = 52.279% of the time
    Bankroll increased . . = 47.468% of the time

    $150 buy-in
    Bankroll was busted . . = 35.206% of the time ( 352064)
    Bankroll decreased . . = 54.666% of the time
    Bankroll increased . . = 45.119% of the time

    Play to have fun and any net winnings is just icing on the cake
     
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  4. basicstrategy777, Mar 14, 2013

    basicstrategy777

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    It doesn't matter.

    The box has 250,000 dollars in front of him to fight you with and if he runs out , he'll get a re-fill. You have 200 dollars. Who wins this fight.

    Do what you feel comfortable doing.

    The casinos bullets are bigger and they have an inexhaustable supply. You are outgunned and outmanned. You better have a good plan, and it better not involve a protracted battle.

    777
     
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  5. Grizzoola, Mar 15, 2013

    Grizzoola

    Grizzoola Member

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    This is a good answer. Thanks. I'll go w/ $200/session. Yes, I play to have fun. If I come out either a little ahead or a little behind, that's ok w/ me.
     
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  6. 7Craps, Mar 15, 2013

    7Craps

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    Of course the less you bet, the longer you can play.
    Unless the dice favor your bets more than average, you lose more. That's gambling.

    Here is line bets with 1X odds
    Bankroll was busted . . = 6.041% of the time ( 60407)
    Bankroll decreased . . = 53.379% of the time
    Bankroll increased . . = 46.436% of the time

    Place 6&8 only for $6 each
    Bankroll was busted . . = 15.430% of the time ( 154302)
    Bankroll decreased . . = 56.815% of the time
    Bankroll increased . . = 42.871% of the time

    Good Luck
     
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  7. basicstrategy777, Mar 15, 2013

    basicstrategy777

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    After doing a careful, in depth study of the math, I can see why you decided to go with 200 instead of 150. That will probably carry you across the finish line. Good decision.


    777
     
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  8. DeMango, Mar 15, 2013

    DeMango

    DeMango Member

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    BS: Was that last post dripping with sarcasm, or is it something I ate?
     
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  9. basicstrategy777, Mar 15, 2013

    basicstrategy777

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    No foolin' you, Mr. sharpie.

    Just tryin' to help.

    I thought what I was getting at was more important than the 150/200.

    I'm sure everyone here is trying to steer people right and not trying to intentionally sabotage them.

    777
     
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  10. $nakeEye$, Mar 15, 2013

    $nakeEye$

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    Grizzoola -

    In ALL the correspondence regarding this post of yours -

    There NEVER was a mention of what your total TRIP bankroll amounts to -

    ONLY references to your session buy-ins -

    Be they $ 150 or $ 200 buy-in amounts -

    You are planning to play 4 sessions -

    I would hope - for your sake and benefit - that you have - at the min - $1K in your pocket -

    DEDICATED to wagering - NOT life expenses -

    Room, food, beverage, gasoline, tolls, etc !

    $...eE..$

    In years gone by - I have travelled to AC, NJ with no less than $5K in my pockets -

    Taking public transportation ( jitney busses ) - from casino to casino -

    AND on numerous occasions -

    I took buses from home to the casino -

    Got my fare returned in coin credits / comps -

    AND saved on the wear and tear on my auto -

    Not to mention $ saved on gas and tolls !



     
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  11. Grizzoola, Mar 15, 2013

    Grizzoola

    Grizzoola Member

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    $nake: I only respond to serious & helpful posts. So I'll respond to yours. 7Craps was very helpful. A couple others are jokers. 7Craps gave some valid percentages, I think. Basically, he's saying it doesn't make much difference, but his stats show the $200/session route would be slightly better. So, why not go w/ $200?

    To answer your post: At $200/session for 4 sessions, I'll take $800 for the trip. That's all I can afford to lose. That's my overall loss limit. I see no need to take $1K if my loss limit is $800. I doubt, based on the short experience I've had so far, that I'll lose $200 each & every session. Yes, I've lost $200 in a session, but winnings in other sessions made up for it.

    Granted, I've got more to learn, so I'm open to whatever happens this next trip. Playing on the computer, I think I've hit on a strategy where I'll lose a little & win a little. I've come out modestly ahead on my last trips (Spokane & Vegas) & I'm under no illusions this trip will be the same. I'm changing my strategy from those last trips.

    My play/session depends on how well my $200 holds out & how long I've been at the table. I quit at 2 hours, win or lose, & maybe even before, if I get tired. I play for fun. When it stops being fun, either way, I quit.

    Where I live, it takes 3 hours over 2 mountain passes to get to the only casino nearest me. I plan to go once a month if I can afford it. I enjoy craps. It's the only game for me. If you can afford to lose $5k, more power to you, and I'm not being sarcastic. Thanks for your post.
     
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  12. TheStoic, Mar 16, 2013

    TheStoic

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    There is a difference of what you can afford to lose and a "loss threshold", something I learned from when I use to play poker. In poker, sometimes a player after losing $X amount, will basically say 'fuck it' and change their playing style, which usually doesn't work. This has also happen to me a few times in craps, where I change my betting strategy which only adds to my losses.

    You may be able to afford to be down 2 days in a row, but how will that effect your mental game by day 3?

    Also, you did not mention your betting style/pattern.

    But with the limited info, I don't think it should matter if you go in with $150 or $200 bankroll. If you have that discipline to walk away, you can go in with $400, it'll make no difference. Overall, at a $5 table an extra $50 may only last you 2-3 shooters. From my own experiences and watching other players, it usually does not go well. When the table is bad, it's bad.

    I hope that helps and good luck.
     
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  13. Grizzoola, Mar 16, 2013

    Grizzoola

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    I'm going to test that out on my next trip. Unsure if you are talking about changing during a session, or between sessions. I'd like to compare strategies by playing equal times for each. On my last trip, I used one strategy the whole trip, so to compare this new strategy, I need to do the same. I did come out modestly ahead my last two trips, so we'll see w/ this next trip.
    A good question. So far, I've had win/loss sessions. Luckily, the win sessions added up to more than the loss sessions. On my first trip (one day), I had 2 loss sessions in a row, then a win session that made up for the losses & more in the final session. So, I don't know how I'll react if on the 1st day this next trip I lose all in both sessions. I won't feel good, I know that. But, maybe the 2nd day will be better. I guess that's the hope that springs eternal w/ gamblers. Of course, the reverse is true, as well: a winning day doesn't guarantee another winning day.
    Generally, I've been playing the PL & placing the 6 & 8. If the 6 or 8 is the point, I put 1x odds on it, place the other, & place either the 5 or 9. I'm toying w/ PL & 2 Come bets, exclusively, w/ 1x odds on each. On the computer, this works well, altho I've been wiped out once. I bet on the computer as I would in a live game. I prefer more numbers w/ lower payouts than 1 or 2 numbers w/ higher payouts. Also, the 6/8 pay better w/ odds than placing them: $11 vs. $7.
    When to walk away: That's why I leave if one of two things happen: I go thru my bankroll for that session, or I just get tired. I'm not expert enough yet to sense when a table is going cold or heating up. More experience should help w/ that.
    Yes, you've helped, & thanks.
     
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  14. $nakeEye$, Mar 17, 2013

    $nakeEye$

    $nakeEye$ Member

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    Grizzoola -

    NO - I can NOT afford to lose $5K - in ONE session - or numerous sessions -

    However - after serving in VietNam and being a Police Officer for 14 years -

    I am a firm believer in " having more bullets than necessary " to win the battle / skirmish -

    THAT is what I was eluding to -

    It does not hurt to have that extra $200 in your pocket - ' just in case ' -

    Personally, I would have at least 2X the expected / allowable / tolerable pre-set ' loss limit amount ' in my pocket !

    Good luck at the tables !

    Sincerely,

    $...eE..$

     
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