Conservative play

Discussion in 'Bankroll Management' started by Twistedwrench78, Dec 20, 2015.

  1. Twistedwrench78, Dec 20, 2015

    Twistedwrench78

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    So I have been trying to "grow" a starting bankroll of $100 dollars, to my goal of $1000. My play is $5 pass line with single odds then place the 6&8 for $6 if, the point is 6 or 8 then I will only place the sister number. I will let the 6&8 ride for 3 rolls, take any wins and pull them down or shut them off after the 3 rolls unless a PSO happens. If I take the place bets down I also take my odds down and wait for the point or the seven to show, then repeat on the next shooter. I do not parlay naturals or any win unless I am up at least $50. Even then, max I will go is parlay a natural 3 times and on the 6&8 $12 max.

    So far after 3 trips in 3 weeks I am up to $315 total BR. I understand that my methods are very, very conservative and I have seen many 6&8's roll after turning my action off but, so far so good. I should point out that I am a beginner with only a basic understanding of the game.

    My starting BR and loss limit for any session is $100 regardless of total BR, for now anyway, we'll see how it goes.
     
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  2. KokomoJoe4, Dec 20, 2015

    KokomoJoe4

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    Keep doing what you are doing. A 215% increase in funds is a little bit better than what you'd earn in the bank.

    Let's see, after three weeks in the bank, the $100 would look like $100.45.

    If you keep the size of your bets the same until you get to $500 or $1000, you will continue to grow the bankroll as you win, and will minimize the amount taken away when (if) you lose.
     
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  3. DeMango, Dec 20, 2015

    DeMango

    DeMango Member

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    K-joe: I want to find that bank!
     
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  4. Twistedwrench78, Dec 20, 2015

    Twistedwrench78

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    So another session this morning. $100 buy in, same strategy I laid out above and BAM, plus $87 in about 45 minutes. While I am happy with the results, I am bothered, when I am shooting and take down my bets and odds leaving just a pass line bet and proceed to crush the 6&8. I am very superstitious when it comes to reversing a decision like that and can only be happy for those who are winning at that point.

    I won't be able to play for another week due to work but will continue to read this forum looking for more info and potential changes to my strategy when I reach my goal and have more of a buffer for volatility.
     
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  5. Onautopilot, Dec 20, 2015

    Onautopilot

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    You are playing a low volatility strategy, and you will have both wins and losses, but they will probably not be large either way.

    It is a kind of a "take what it gives you" strategy. As for raising your play after getting $50 ahead, that is an increase in risk, with an increase in potential winnings, why not, if it fits your overall plan. But you will need a little more luck at that point, because you indicate your increased play involves parlaying bets several times.

    I play much the same way now, very conservative, with a increase in bets through multiple parlays or presses when I get ahead some. This does not increase your chance of having a winning session, actually it decreases is a bit, but it does give you the chance for larger wins, without a lot of initial investment.

    All strategies have a flip side, a conservative style like you play, will result in relatively equal winning and losing sessions, some modest wins, and some modest losses. A more aggressive strategy expects to enjoy a few large wins in exchange for more loss sessions.

    It all comes down to what you enjoy and expect from your session at the table....have fun and invest a little, and happy with winning a little. Or, have fun and invest a lot to win a little. Or, have fun and invest a little to win a lot.

    As Goatcabin likes to say....."You can push the balloon from any side you choose, but it pushes out the other side an equal amount. ".

    Continued good luck with your play!
     
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  6. lone irish digit, Dec 20, 2015

    lone irish digit

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    I have a tip to enhance your take home money by playing this conservative strategy...At times I use to play conservative (I would never take my odds down although I sometimes would take the place bets down after 5 rolls) and the other players who were making money from me banging out numbers would tip me more than I would win because I dressed like a homeless person. Now that my bankroll is much bigger and I bet more like a normal degenerate gambler the tips have just about dried up even though I still dress like a bum.
     
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  7. Twistedwrench78, Dec 20, 2015

    Twistedwrench78

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    Thanks for the replies and insight. I have found that making money is fun but, even when I'm not due to my conservative approach, the atmosphere around the table is very enjoyable. This last session I had a decent hand resulting in 3 points made with several numbers along the way including some hard ways. People were whooping it up, high fiving and fist bumping me and each other. The comradery that can develop around the table is fun and very amusing. I also enjoy watching the dealers do the payouts( especially to me) but also seeing mistakes they make which they usually correct on their own sometimes the players have to raise the issue. I feel as though it is part of the overall learning curve in this game and may serve me well in the future so that I know correct payouts for different wagers that I may step up to some day.
     
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  8. tabletop123, Dec 20, 2015

    tabletop123

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    Good luck, & continued success. If you are truly enjoying yourself, that's what matters. HOWEVER, I want the exact opposite of what you described. I'd prefer an empty table, no fist pumping, & a "going to a funeral " type setting.

    The quieter, & the less chaotic, means that I'll be at the Cashier's Cage (win or lose) in ROUGHLY 20-30 minutes. When I hear the crew say "Well, he certainly was in a hurry wasn't he? ", I KNOW that I've done things "JUST RIGHT ". lol.
     
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  9. bleeckerboy, Dec 20, 2015

    bleeckerboy

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    I wouldn't take down my odds either. there is no vig attached to them so in theory your losses and wins with the odds should balance out over the long run. If you want to be able to take bets down, place the point instead of betting the line when you are not rolling.
     
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  10. KokomoJoe4, Dec 20, 2015

    KokomoJoe4

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    +1 ^5. All of my best sessions are within minutes of the 40 minute range, with big increases until seeing a loser. Have never in my life left after a winning bet.
     
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  11. Twistedwrench78, Dec 20, 2015

    Twistedwrench78

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    A funeral type setting, that is funny.
     
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  12. Twistedwrench78, Dec 20, 2015

    Twistedwrench78

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    See, this is why I love this forum. Such a simple thing to do, placing the point. As a rookie I've always felt, that I have to play the passline( I know I don't have to). It was the first thing that an old Vietnam vet showed me when I walked up to the table for the first time.
     
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  13. KokomoJoe4, Dec 20, 2015

    KokomoJoe4

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    Don't now much about you Twisted but you are obviously someone who plans to play a good bit.

    Although my play is slowing quite a bit the past 6-9 months, for the last 11 or so years I've played 1 to 3 times per week every week.

    Like you, I prefer very conservative play at the start. For me, this means one wager, almost always a Come or Pass bet. Parlay every come out winner, and use odds when a point comes out.

    Sure, it's easier to see a winner when you're on more than one number, but it's also possible to lose it all at one time.

    Once ahead by $75 or better (which obviously does not even happen many a time), I'm putting out all of the winnings on a single wager, something like 25/50 with double odds, or more often 10/60 since my casino has 10x odds.

    Sure, you can (and often do) lose it all on one roll, but if you keep progressing very aggressively, you can quickly make a nice buck starting with a minimal amount. Give this a try if it appeals to you.

    Haven't been doing too well recently, but due to five or six very nice wins over the years, I'm still playing with money coming out of the safe rather than the pocket.
     
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  14. tabletop123, Dec 20, 2015

    tabletop123

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    Yeah, first thing the dealers will tell you too. Place the minimum on the Passline, & put your entire bankroll on the odds bet, because its a free bet with no house edge. Only thing free in the Casino is. .......Feel ""FREE" to leave the table when you're out OF money!
     
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  15. Twistedwrench78, Dec 20, 2015

    Twistedwrench78

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    Doing a big bet once I am up does sound intriguing. This is something I will look into after I grow my BR to my first goal of $1000. Till then I'm just gonna take little bites out of the house where ever I can.
     
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  16. Settingcanthurt, Dec 20, 2015

    Settingcanthurt

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    If I have learned anything from the posters on this board it's one thing. The dice are random.
    So that being said and you yourself said you saw plenty of 6/8 go by while you were out of action.
    Down after 3, 4, ,5 does not change the randomness of the dice. You just didn't lose those bets and pocketed it. Point being if the dice are random, taking down the bets means nothing except you are not playing. The dice were going to do whatever it is they do.
     
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  17. Settingcanthurt, Dec 20, 2015

    Settingcanthurt

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    Thats living baby but eventually ya gots to resupply.
    I sell houses and do the same thing. can live off cash for a year. Not work, but eventually, ya gots to resupply.
     
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  18. KokomoJoe4, Dec 21, 2015

    KokomoJoe4

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    So far so good, but the supply is definitely dwindling.

    Of course the hope is another big winner before the stash disappears completely. Keeping the losers small is the key, because you can easily convince yourself to keep playing with the easy come easy go funds.
     
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  19. Twistedwrench78, Dec 21, 2015

    Twistedwrench78

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    Good luck!
     
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  20. Twistedwrench78, Dec 21, 2015

    Twistedwrench78

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    Went to the casino today. Arrived bout 10:30am and had some steak and eggs before hitting the table. Bought in for $100, used my same play and bout 30 minutes later I'm up $75. Hit a bad streak of PSO and dropped to $90, thought about leaving when I got back to $100 but got greedy when I did get back to $100 and ended going back and forth until the inevitable happened, going broke. Total loss today was $100. I have a vacation day tomorrow so I'll go try again. It was a 4 hour battle.
     
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