Return % on Bankroll?

Discussion in 'Bankroll Management' started by Mugs050, Feb 23, 2016.

  1. Mugs050, Feb 23, 2016

    Mugs050

    Mugs050 Member

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    Obviously you expect to lose more in the long run and sometimes you can go on heaters and quadruple your money.

    However what would you feel would be a good return % on your bank roll on average. Using your system/strategy with let's say a $1000 would a 25% return ($250) be a good expected more times then not return? Would 50% be your expected return? Or are you trying to hit a home run and double your money?

    Thoughts?
     
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  2. Craps Poopshoot, Feb 25, 2016

    Craps Poopshoot

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    Most serious Grinders (those who play a low volatility/low house edge game) look for a baseline of 10% gain per session, 30% for the day. It all really depends on your bankroll, how much time you have to gamble, and your own pursuits. If you don't have to live off of your bankroll, then you are open up to take more risky bets. Those that live off the bankroll avoid risky bets like a AIDS infested five dollar crack-whore.
     
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  3. basicstrategy777, Feb 25, 2016

    basicstrategy777

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    You should have a concrete floor for your loss percentage.........you should have a goal ( not a ceiling) on your win goal. The lower your win goal the greater your chance to achieve it. Can you win 5 % of your buy in ? Easy right. You want to win 1000 dollars......buy in for 20. It's just a matter of zero's.

    If you come close to your goal , say 90% of it, don't gamble all your money to get that last 10%....be content, and either walk or play according to your pre-determined plan e.g. gamble all your winning and no more....gamble half your winnings....walk.....or some variation of this.

    This is just my opinion.

    777
     
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  4. KokomoJoe4, Feb 25, 2016

    KokomoJoe4

    KokomoJoe4 Member

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    To each his own. We all have our own ideas as to how much is enough. Why not shoot for the limit? I will do so at every opportunity, although I will grant you the opportunity doesn't present itself nearly as often as I would like.

    My best ever session turned $300 into $10450 before a $4400 loser sent me home $5750 wealthier.

    A 2000% increase wasn't too shabby, although I would have preferred turning what was a 3500% increase into a 5600%.
     
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  5. tabletop123, Feb 25, 2016

    tabletop123

    tabletop123 Member

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    Most say that 20% is a respectable return. However, i agree with Poop. 10% return is more realistic, & easier to attain. Want to win large? Then play with a large enough bankroll.
    As a matter of fact, i think i'll start settling for a $1000 win playing with a $10,000 bankroll. Its a WHOLE LOT EASIER for me to handle large sums of money in the Casinos, because I no longer EXPECT to influence the dice, therefore I bet VERY Cautiously now.

    I did NOT say that i dont TRY to influence the dice, i just dont expect much of nothing out of my attempts.
    Three sessions per day with a 10% win goal, & a huge bankroll MIGHT be the right Tonic. A 1-2 hour interim between sessions, & you are good to go.

    Actually, you'd probably need a $30,000 bankroll trying to win $1,000 on a $10,000 buy in. I'd be careful though, & NOT buy in for EXACTLY $10,000, Unless you wanna do the Driver's License, Player's Card, Social Security Number Spiel.
     
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  6. Craps Poopshoot, Feb 25, 2016

    Craps Poopshoot

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    The 2000% increases like that are RARE, though it can happen. A recreational gambler will often, 'go big or go bust' but they don't have to live off the bankroll either.
     
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  7. tabletop123, Feb 25, 2016

    tabletop123

    tabletop123 Member

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    In the Grand scheme of things, 10% is a Excellent return on your investment. What are Money Market accounts yielding these days? Around 4.9%?
     
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  8. Craps Poopshoot, Feb 25, 2016

    Craps Poopshoot

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    Try 1.11%!!!!!
     
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  9. tabletop123, Feb 25, 2016

    tabletop123

    tabletop123 Member

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    I agree Poop. If you're trying to Grind out Supplimental Income, then 10% is definitely a safer goal. Might even settle for a 5% return, considering the circumstances!
     
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  10. tabletop123, Feb 25, 2016

    tabletop123

    tabletop123 Member

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    WHAT? Are you serious? Could have sworn that i saw 3.9% at my bank (Chase) just last week. 1.11%. What the F...k was i looking at?
     
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  11. tabletop123, Feb 25, 2016

    tabletop123

    tabletop123 Member

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    Damn, just googled it! Some rates are even lower......0.8%. Now i am REALLY friggin sick!
     
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  12. tabletop123, Feb 25, 2016

    tabletop123

    tabletop123 Member

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    I need to invest in Medical Marijuana. Friggin guys are going from Rags to Riches in that Industry!
     
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  13. basicstrategy777, Feb 25, 2016

    basicstrategy777

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    I can get you 3% no tax on earnings, guaranteed for 5 years. ( not kidding ).


    Now that 1% you are quoting is an annual percentage rate. If you doubled you craps money in 1 hour that's 100% in one hour. That's 2400% in a day.....thats a big number in 365 days. Your annual percentage rate at the craps table blows everything else outta the water. They should have a craps table at the bank and give customers the option....." I'll give you 1 % per year or..... "

    Koko....what you wrote in post # 4 must have been one hell-of-a-ride. That's a great story....your ticker must have been in over-drive. What a great day. You're one ballsey somonabitch.

    777
     
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  14. KokomoJoe4, Feb 25, 2016

    KokomoJoe4

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    I'm not hurting for money but am too cheap to play with thousands of dollars, unless it's money just taken from the middle of the table.

    I enjoy the challenge of trying to convert meager winnings into major ones.

    Profits are starting to dwindle, but I'm still ahead of the game by a few K. If/when the money starts coming out of the pocket rather than the safe, I'll probably play a little less frequently, but I'll still play.

    Been thinking about developing a method of play on the DC, but this never gets any further than the drawing board, since I'm always thinking today is the day for a bunch of progressive winners.
     
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  15. Onautopilot, Feb 25, 2016

    Onautopilot

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    For me, it is always a utility thing, how much is the money in my rack worth to me at that moment in time. One day I might be very happy with a small win, other days I might push the envelope a bit more.

    I really do not set a loss or win goal for most of my sessions, unless I am playing one of my progressive / regressive "schemes".....on those sessions, my win goal is usually 10% of bankroll, and loss limit is 100% of bankroll. (A pre-commitment to the scheme).

    My philosophy is, if I have a good win, take it and spend it on something fun, enjoy spending, or sharing that good fortune. If I lose, it is money I had designated for entertainment, and I don't dwell on it much.

    This makes the wins sweeter, and the losses tolerable....it's not so much about the numbers, as it is about the enjoyment of the game for me.
     
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  16. Grizzoola, Feb 25, 2016

    Grizzoola

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    Instead of a money market fund for ready money, I use an intermediate-term bond fund, which returns about 2.5%. You can write checks on it, too. Only thing is, each withdrawal is a taxable event.
     
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  17. wonko33, Feb 25, 2016

    wonko33

    wonko33 Member

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    Right now, when I start to play I do not have a loss stop, it is the whole bankroll

    As I play I adjust the stop amount,

    let's say I put 500$ down if things go poorly I might walk with some of it left if I am not having fun but I am fine with it being gone.

    If things go well I increase my stop money-

    Let's say I hit 700$ in the rack then I decide I will walk if it comes down to 600$
    If it goes up to 800$ in the rack then I decide to walk if it comes back down to 700$ etc

    That way I have scenarios to walk away with a win but do not cap my maximum possible win.

    Just something I'm experimenting with
     
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  18. wonko33, Feb 25, 2016

    wonko33

    wonko33 Member

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    forget medical, invest in WA or CO
     
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  19. Onautopilot, Feb 25, 2016

    Onautopilot

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    I invest my money in beer, women, and craps.....the returns on the last two can be very lucrative, and enjoyable at times, other times, I might wish I had of put more of it in my .07% savings account.

    Real estate served me well as an investment early on, but now that I am retired, I don't invest in anything that doesn't have a 1 day return expectation....at my age, today is where it's at! :)
     
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  20. The Midnight Skulker, Feb 25, 2016

    The Midnight Skulker

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    Speaking of utility, here is an excerpt from an e-mail I sent to Al Krigman about five years ago in response to a column he published on the subject.

    I contend utility is dynamic. IOW the utility to a player of a given financial position (in terms of profit/loss) can change over time depending on how long the session has been and how that financial position was reached. For example, suppose a player has doubled his/her bankroll. I contend that the utility that player attaches to that situation will be different under each of the following conditions.
    • The player has played for 30 minutes, catching the streak of the ages.
    • The player has played for 3 hours, accumulating profits at a somewhat steady rate.
    • The player has played for 3 hours, overcoming steady losses incurred during the first two.
     
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