Whats an ideally sized bankroll?

Discussion in 'Bankroll Management' started by JimmyS1985, Feb 24, 2011.

  1. JimmyS1985, Feb 24, 2011

    JimmyS1985

    JimmyS1985 Member

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    I limit myself to a $100 bankroll with a personal $50 loss limit. Some people would say this is too small, but Im a flat $5 DP line bettor, no odds (Sometimes I also play don't come). I like this bet, the house edge makes it feel like a safe bet and I love getting past that comeout roll since most of the time it happens, and then the odds go in my favor.

    Unfortunately, due to finances, at almost 26 I still live with my Mom who finances my food, dental and healthcare and always uses this against me if I ever consider bringing a larger bankroll. (I pay for rent, utilities, transportation and car insurance)

    One of the 5 local casinos to where I live (St. Louis) that I last played at was a $5-$2500 table. I reckon, ideally, if you wanted to do martingale you would bring $4970 and better hope u never lose 10 rounds in a row.

    Perhaps I will never get to the ideal bankroll until I can be independent of my mom financing basic necessities for me, but until then, for a $5-$2500 table, what would be ideal?
     
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  2. JimmyS1985, Feb 24, 2011

    JimmyS1985

    JimmyS1985 Member

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    Would you mind elaborating? Once I "tried" Martingale, quite unsuccesfully I might add because, for one, I could not afford to lose the large bankroll I once brought with me to a casino, and I did not bring one that was "large enough". I brought $1000 bankroll thinking that I was going to get to play on a $2-$2000 craps table, come to find out, its a weekend and the minimum is upped to $5-$2000, which took away 2 potential losses that could be recovered using Martingale ($2 and the $4 bet, as well as the lower increase of $4vs$5 of every bet doubled thereafter)

    I laid my $5 down on DP and lost, then $10, then $20, then $40, finally $80. I knew I had enough for $160 and $320, but, lets say the odds of two more losses is close to 50/50 per roll, even on the DP, I had a 1/4 chance of coming home almost completely broke and having lost almost a whole months worth of pay in a few minutes. Asides from an initial $5 win, I walked out $155 poorer that night, but I atleast salvaged 85% of the bankroll without pursuing martingale with #1, not enough money and #2, not the nerves of steel you mention from having never tried it before.

    I did this 2 1/2 years ago, and was the last time I set foot in a casino up until 4 months ago.

    If I do this ever again, I might gamble wallstreets money, but not wages earned from my job. Wallstreet sends me a $430 check every quarter for sitting on my butt, and Im gonna up it to $570 or so by next quarter, and continue adding my wages to my high dividend paying stocks until I can easily afford a martingale sized bankroll from money from wallstreet rather than my hard-earned wages.
     
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  3. Hardeight, Feb 24, 2011

    Hardeight

    Hardeight Member

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    Jimmy you giving us way too much info buddy.All you had to say is "I dont have much money"

    But to answer your question I gotta go in with at least $100 to $150 on a ten dollar table.If you are playing five dollars 60 to 75 bucks should do.
     
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  4. JimmyS1985, Feb 24, 2011

    JimmyS1985

    JimmyS1985 Member

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    Yea, but the psychological impact of "losing everything" I.E. your whole bankroll can be harder on a gambler than losing say, half. I bring $100 and lose $50 and call it quits so I atleast have a little money left in my pocket. Ive done this twice now, reached my loss limit and held to it.

    I go in expecting to lose anyways, looking at it as entertainment, but maybe thats because Ive been playing a couple of cold streaks of black jack at the last 2 times I went to the casino.
     
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  5. dustedone, Feb 24, 2011

    dustedone

    dustedone Member

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    generally, I bank roll for six hands that I am willing to loose. On a $5 min table, on the come-out I book wagers totaling $45 hand. So, six $45 hands is $270. The table min goes up so does my come-out wager and my stake.


    *foot note;
    my shooting $900/hr./the bankroll does require a stake larger than $270
     
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  6. DeMango, Mar 9, 2011

    DeMango

    DeMango Member

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    I've read "Gurus" range from 10% on the table from Patrick, to 1% on the table by Scoblete. So for a $10 bet, have a bankroll of $100 to $1000. Just repeating what I have read.
     
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  7. goatcabin, Mar 9, 2011

    goatcabin

    goatcabin Member

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    As I posted on another thread, you are playing with $50, not $100. Whom are you kidding?

    Understand that, when you play don't come, you are accepting additional expected loss, whereas if you lay odds behind your DP you are not. OTOH, because you lay the long end of the odds and increase the variance, your risk of busting your $50 is higher. You will win more with good luck by laying odds instead of betting DC.

    Playing with $50, even on a $5 table, you are considerably handicapped.

    In general, you cannot determine your "ideal" bankroll unless you understand what your goal(s) is (are). If you define how long you want to play, what bets you want to make and what your acceptable "risk of ruin" is, you can decide on a bankroll by calculation or simulation.
    Cheers,
    Alan Shank
    Woodland, CA
     
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  8. basicstrategy777, Mar 10, 2011

    basicstrategy777

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    Although do-able I think it is difficult to play craps with 100 bucks.

    I think I would take the 100 and put it all in the field....parlay it twice than bet 100 bucks a pop till you lose.

    If it works, you will have more breathing room to play and a better chance of coming out ahead.

    Whats the worse that can happen ?


    777
     
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  9. tercol58, Mar 10, 2011

    tercol58

    tercol58 Member

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    I usally take a 100 I play myself or some other shooter playing the pass line with odds and the 6.8 if I don't get lucky quick I leave. I never get rich if thats what you mean but have a little fun
     
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  10. basicstrategy777, Mar 10, 2011

    basicstrategy777

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    I did not mean to look down on people that buy in for 100 dollars to play craps, it is just that they have so much to overcome and have zero room for 'error'; So much has to go right. Look at what is on front of the box...this is part of what you are up against.

    I guess if you are enjoying yourself.....this is the most important thing ; and hey, you could get lucky. I once parlayed 200 into 2000....it does happen.

    777
     
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  11. tercol58, Mar 10, 2011

    tercol58

    tercol58 Member

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    Not offended just cheap guess you could say I am not much of a gambler maybe a very conservative gambler
     
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  12. goatcabin, Mar 10, 2011

    goatcabin

    goatcabin Member

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    Even more difficult with $50, which is what JimmyS is actually dealing with.

    If you're going to put it all in one basket, why not pick a bet with a better chance of winning? The pass line has a .4929 probability of winning, compared to .4444 for the Field. Or, you could make a lay bet on 4, with a .6667 probability of winning. As to parlaying twice, the probability of three pass wins in a row is about .12, comapred to about .09 for Field. Of course, in the Field there's always the chance of a 2 or 12. It's variance vs. HA.

    The worst that can happen is he loses his whole bankroll on one roll of the dice - game over, fun over.
    Cheers,
    Alan Shank
    Woodland, CA
     
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  13. basicstrategy777, Mar 10, 2011

    basicstrategy777

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    better to live one day like a lion than 100 years like a sheep.

    777
     
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  14. tercol58, Mar 10, 2011

    tercol58

    tercol58 Member

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    OK I will let you know if I come home with my lions tail between my legs and whimpering
     
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  15. DeMango, Mar 11, 2011

    DeMango

    DeMango Member

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    Have a dedicated gambling account and pay yourself everypayday. When the account hits a few grand then go for it, playing no more than 10% each roll.
     
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  16. goatcabin, Mar 11, 2011

    goatcabin

    goatcabin Member

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    10% of a few grand each roll?
    Oh, another "lion".
    Cheers,
    Alan Shank
    Woodland, CA
     
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  17. tercol58, Mar 11, 2011

    tercol58

    tercol58 Member

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    Kinda the same as what I do I have no bankroll but if I got a spare 100 MAYBE I take my chances at the craps table. To me if I don't get lucky with that first 100 and had a 1k bankroll with me I would likely blow a lot more than I intended
     
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  18. DeMango, Mar 12, 2011

    DeMango

    DeMango Member

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    Lion???
     
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  19. goatcabin, Mar 12, 2011

    goatcabin

    goatcabin Member

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    Sorry, DeMango, I was referring to this post:

    "better to live one day like a lion than 100 years like a sheep.

    777"

    Cheers,
    Alan Shank
    Woodland, CA
     
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  20. DeMango, Mar 20, 2011

    DeMango

    DeMango Member

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    Thanks Alan, I didn't look back one page...

    I wonder if these folks who talk about going to a $5 or $10 craps table with $100 are serious? Why don't they just mail the casino a check, it will save them the gas money! Now that's positive ev!!
     
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