Discussion in 'Misc. Vegas Chat' started by sco5123, Feb 7, 2014.
In an average session, what do you consider a good enough win to cash out or leave a table?
That's a good question.
I don't really know how to answer that. At tables I guess if I double my buy in, I leave OR if I was down so bad and Im back to my buy in Ill leave.
Slots on the other hand, Its so easy to put in $20 after $20, I lose track sometimes so I don't really know when a win's a win there. I will, however, cash out if I hit something that I know what over what I put in, like a $400 and above hit. That's just a random number.
I do tell myself that If I double my $20/$50 that Ill cash out and stick a new one in if I want to keep playing. That almost NEVER happens.
If I can cash out with 50-100% of my initial buy-in, it's a win for that session.
For instance, buy-in for $100. Cash out $150-200, it's a win.
If I'm down a lot, breaking even is a win.
For a table session, I would say If I leave with 50% or more of my initial buy-in, its a win.
For a slot or VP session, I base a win on how many cocktails I got for the amount I lost in the machine, Since I rarely win on these things and barely ever throw more than $40 bucks into one of these things at a time. I pretty much only play slots or VP when I'm wasting time waiting on someone or want to get off my feet.
For a trip, I count a win as paying for the entire trip. Anything beyond that is a bonus.
I roll SO LOW!
Sometimes I play a little game where I try to win a particular gift shop trinket. So whatever over and above the amount I started with is profit and I quit when I won the money to pay for the trinket. Can I afford the trinket without doing this? Yes. Is this silly? Yes. Do I enjoy it? Yes. I consider a good win to be $20 and over my initial buy in. I think the most I've ever won is $200. I'm easy to please.
LOL. I do this as well! Its pretty embarassing, but I "won" one of those stupid globes that opens up and you can stash your booze inside. I was drunk, and I thought it was James Bond cool. . . .the wife did not. Its like adult Chuck E. Cheese, redeem your skee ball tickets for a kazoo!
I have to at least double my buy in. Normally it's more like 3-4 times though.
That is a wonderful idea to play towards something no matter how small. Wow! Where I would have thought a $5 win is not substantial enough to stop, now I might play just enough to win $5 and then use it to purchase something sweet (after having played with a goal in mind). This turns gaming into a lot of fun because it's mixed with buying gifts for myself. As you can tell, I am not much of a player...I am also easy to please! Thanks Lola.
This applies to table games. If I've played 3+ hours then a win is getting my buy in back plus a buffet or coffee shop comp. If I'm up 3X buy in on a short session less than an hour thats a win. But always wait until the table cools off.
My problem is when I've doubled my buy in after 20 minutes I don't want to quit. I've come to gamble usually give it back plus some.
If I buy in for $200, I have no problem walking when I'm at $600-$800 (including buy in).
Since my gambling is pretty well confined to a 2-3 hours at the end of the day, after business meetings. I generally sit at a ad-top VP machine and start it off with $200 in. I usually play at the .50 DDB level. If I hit something 400 and above early, I'll keep playing until I get my couple hours worth or play it down to my initial buy-in. If, after an hour or so, I hit something over that level. I cash out. I have no problem cashing out after an hour, but up a $100 or hopefully more... I'm cool with that. I play for entertainment and I don't like stuffing hundy after hundy into a machine... though I've certainly done my share of that.
Most astute gamblers know that in addition to having a loss limit you need to have a win limit. Know when to walk away. But that's certainly easier said than done. You're playing craps, having a great time, a hot shooter finishes and you're up a few hundred. Time to color up. Not so fast! You're on VACATION, you've flown hundreds/thousands of miles, you've looked forward to this trip for months and you're here to gamble damn it. So you keep playing.
As Tom said it's especially hard to stop if you get that hot shooter right away. "Hell, I've only been at the table for 20 minutes, I don't want to quit already!".
I rarely play at the local Indian casino but it's only 15 minutes from me. It's easy to quit when ahead and go home. I can come back anytime and play again. Not so in Vegas.
Theres no such thing as a win limit. If im up 3-4x then ill make a stack of chips that im willing to give back. if i keep winning then ill add wins to my "keep stack" and some to my "give back stack" for making larger bets or playing longer. Once I lose my "give back stack" then im done....usually
I do the exact same thing when playing blackjack.
I've had plenty of craps and baccarat sessions where I'd buy in for $200 on craps and be up 10x my buy in. The more you win you just keep adjusting the 2 stacks and adjusting your losses based on what you want to give back. I typically do a 70/30 keep/give back split.
This will probably seem silly to most people, but we have a 25% goal on every VP game we start. If we start with a $20, we cash out when we hit $25 (or more), and then start over with a new $20. If we start with $40, cash out at $50 ... if we start with $100, cash out at $125 ....
We have been doing this for many years, and it helps us salt away the profits as we play through each day. Many people would laugh at what we do, but then again, many people will put money in, and just keep playing it until it's gone, and then start over with no profits. Yes, we lose some of those "small" sessions, but in the end, we still have a pocketful of TITO tickets to ease the losses.
Just our method ... to each, their own.
I have adopted this on my last 4 or 5 trips as well. I have found it works well, especially if you aren't bankrolling a ton. I get ahead, cash out, squirrel the TITO away for later, and cash it at the end of the day/or trip. I like to call it "hit and run" style gambling. Granted, I probably won't hit any jackpots anytime soon doing this, but it guarantees that I leave up.
Our limit is only based on if we're enjoying playing. We play slots. We sit down, put in a $100 each and as long as we're enjoying the game, we keep playing. We could be up, down or even or we may put in more money. We leave when it's not fun anymore.
Why would you set a loss limit at anything else than your total buy-in? - so long as your buy-in isn't your total bankroll for that evening.
Say you buy in for $100 but you want your loss limit to be $50, why not just buy in with $50?
As for a win limit I do this also; The more you win you just keep adjusting the 2 stacks and adjusting your losses based on what you want to give back. I typically do a 70/30 keep/give back split.
That is not the way I roll.
I am at the craps table for entertainment. I do not leave after I have won a particular amount. If a table is hot, why leave it? I leave after I have played as long as I had planned to play. Or until the money in the rack is gone - whichever is sooner.
When I play and I start with my typical $300 buy in, I will go up and down. If I go up enough - usually if I have $500 in my rack - I start putting green chips in my pocket. I never take any chips out of my pocket. The more I win, the more green chips I stash. At some point, I either reach the point that the table starts going cold, or my time is up, or my chips in the rack are gone. At that point, I walk to the cage and empty out my pockets and go home. Or go have dinner. Or just do something else for a while
And if I cash in anything, I consider it a winning session. I was willing to lose the $300 - anything above $0 is a win. If I was not willing to lose the $300, I would not have bought in with it.
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