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Bank Roll management strategy

Discussion in 'Misc. Vegas Chat' started by Whatedsaw, Jul 15, 2021.

  1. LV_Bound

    LV_Bound VIP Whale

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    Almost identical, but for me its.
    morning slots - slow play
    evening slots- play higher denominations
    Craps - usually enough for 3 sessions.
     
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  2. Marky147

    Marky147 VIP Whale

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    Slots until I'm fed up or hungry :D
     
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  3. TrewBrew

    TrewBrew I may be right, I may be Crazy.

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    What’s the boxing saying.something along the lines “You have a plan until you get hit.”

    It turns out I think I have a plan, but in reality I do not.
     
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  4. ReTriggerMe

    ReTriggerMe VIP Whale

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    I've kinda sorta drifted away from having a bankroll. I have limits, won't withdraw funds at cashier beyond my limits.

    I used to bring an envelope with cash, and use the envelope as a bankroll and to track my performance. But I refilled the envelope if I had a lot of time left in LV. Now it's based on arrive at zero, withdraw X at cashier... round numbers... and whatever I have at any point in time, know where I stand. VIP Preferred at the cashier has made things easier, but probably riskier.

    Different form of bankroll management: I've been known to squirrel away chips in my pocket when I'm up at a table, starting with an amount that ensures I leave the table even... and then add some winnings if I continue on a good run. It's really an old, ineffective move from decades ago, so that when I color-up, and leave, when the pit boss comes by and the dealer tells him how much I cashed in, it's understated. Im probably fooling nobody... but now it's a habit.
     
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  5. SMG

    SMG VIP Whale

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    I play mainly VP and slots so what works for me is that I set an overall gambling budget for my trip based on the number of days, but I stopped doing the envelope system. The amount of time I spend gambling each day can vary and some days I may be off on a non-gambling side-trip so dividing up my bankroll in envelopes just wastes envelopes. LOL I just pull out what I think I may need for that particular day and go from there.

    As for winning, I tend to gamble more if I'm way ahead. LOL Although, I keep track of my daily wins/losses so I don't overboard. I'm in Vegas to have fun, so as long as I stick to my original budget I'm good either way. If I happen to hit some hand-pays, then I try and put some of it aside for my next trip. :headbang:
     
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  6. Whatedsaw

    Whatedsaw Tourist

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    Thank you! I think I may try to build a hybrid from all of that. I want to be able to have my fun, but my discipline for not spending it all if I hit a bad run isn’t great. The higher minimums on craps is going to take a toll. Overall, I’m just excited. It’s been a long time coming!

    Luck be a lady tonight!
     
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  7. Electroguy563

    Electroguy563 Over-Fried Gambler

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    For those of us who are low rollers and like to play Downtown, the ridiculous craps (and other table games) minimums at $15 will make us rethink and re-do our gambling budgets and strategy.

    We might have to bring more bankroll or play less. I plan to play less Downtown and play more at nicer properties.

    If I have to play $15 minimums the least I can do is play at a nicer property. Not sure how the local casinos are pricing their table games. I plan to check them out also.
     
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  8. LV_Bound

    LV_Bound VIP Whale

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    Lets say I have a $1,500 bankroll for Craps and plan to play 1-2 sessions a day with a $300 buy-in over a 4night stay.
    Normal play is on the $5 and $10 table.
    Last trip table mins were $25.
    I didn't play until the last day and figured I would play 2 sessions that day with a $500-$600 buy-in each.
    Well, I played 3 session and had a shitload of fun.
    Knowing it was the last night before flying home the next day and I had an envelope full of Craps cash it was fun and I was no where near as nervous playing at that amount.
    My betting strategy was the same, but just more money.
    Even with getting killed that first session, overall I was extremely happy I played.
     
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  9. Whatedsaw

    Whatedsaw Tourist

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    I use that quote a lot and I think it probably sums up how my brain works the best. I can't wait to see how it goes! I'll be there Monday - 4 days at CP
     
  10. KnowItAll

    KnowItAll VIP Whale

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    I make my wife hold the bankroll so if I go on tilt I have to take out a marker. We also split all handpays, I take the cash and she gets the W2G. Last trip this worked as no markers were needed. I guess it helps to pick the right seat at the table and right slot machine at the right time.
     
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  11. Colesc15

    Colesc15 VIP Whale

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    I go with 2k a day for slots, so each day I take 2k out of the safe. Been a number of times I've had to go into the next day's budget by dinner time. Lol. I generally have an "emergency gambling budget" as backup if things go extremely poorly n
     
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  12. dmr

    dmr Registered Abuser

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    Outa my league fer shure!
     
  13. rm22

    rm22 High-Roller

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    I have an amount that i usually spend per day, whether craps or slots. Just bring entire amount in my 'LV wallet' that i bring to all trips. Take what i will play w.for the day and leave rest in the safe. If i have won at the table i put it in the safe w.my other funds.
     
  14. mdee

    mdee VIP Whale

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    Budgeting for 2 can be a challenge.
    After 37 trips I have a good idea of how much is needed on a daily basis.
    I like to think of it as several sessions per day. She burns through it faster
    than I do. By the end of the night I usually hand over the rest of that days
    budget to her and I go to the room. She earns the majority of comps too!
     
    December 2021
  15. Necrochaos

    Necrochaos VIP Whale

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    We divide our bankroll over trip days. This trip we have $400 per day. If we hit something big we meet up and split that win (I’m the saver).

    At the end of the day we split whatever is left from the day. That money is added to the next days bankroll.

    We also don’t bring all the money with us. I take out money as we need it for the next days 1k at a time. On some trips we haven’t had to take out some of our bankroll as we had enough roll over.

    When we get back the winnings go in the bank to start the bankroll for the next trip.
     
  16. YukonSloMo

    YukonSloMo High-Roller

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    We have a set daily amount.
     
  17. joespoolhall

    joespoolhall VIP Whale

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    Never have budgeted. I play passline/odds bet craps at $5-10 PL which usually yields plus or minus a $100 a trip. I only play a couple hours a day though. Quarter VP might yield any other losses every trip, but again, I only play that a couple of hours a day. I only bring about a $1000 cash that's only for gamble and tips. If I need more I can go to a credit union machine, but have only done that once in the last 20 years. Most trips I come home with $4-500 cash.
     
  18. Vegas24_7

    Vegas24_7 Degenerate

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    On the past trips observed in the last few years, I've brought around $10K to $30K each time. I usually stay 3 to 4 days. I do multiple sessions daily buying in for around $5k and will quit the session if I'm up around 20% to 40% (1K to 2K). This is basically a hit and run technique. So rather than budgeting or doing the envelope technique, I rely more heavily on money management when gambling and using discipline to quit while ahead (and to go to a different table if the cards are really bad). The idea is that these small wins add up to big ones and pads your bank roll through out your trip.

    There are some drawbacks to this such as having very short gambling sessions where you can hit win targets in less than 10 mins (hard to leave the table so fast when just getting started) or the opposite when all hell breaks loose and you have a bad variance event losing a large chunk of the buy-in right off the bat. The strategy I use above also employs the choice of bet sizes where I can achieve my win target within 10 bets or less. So if I'm trying to win $2k, my bets need to be at least $200 per hand and 10 wins will allows me to hit this target. This is more likely achievable than the guy who tries to win $1000 betting $10 a hand..... Also note that you want to choose a buy-in amount that is at least twice the amount of your win goal. This helps a lot with variance so you can survive any rollercoaster downs before it goes back up again. Hence $5k buy-in to win $1k to $2k is my standard goal.

    The above it of course more applicable to table games rather than slots. I have no comments on slots as I don't play them. But I would think that the winning 20% to 40% of buy-in and then quitting should still have some merit? Not sure if other slot players out there can confirm.
     
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  19. Whatedsaw

    Whatedsaw Tourist

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    It’s obvious that essentially we all have our own systems and budgets to work with. Do you chase the streak or go one more roll, I’m getting giddy. It’s part of the thrill and hopefully my strategy keeps me engaged and having a good time. Plenty of distractions to keep me busy! I’ll report back after I get “punched in the face.” Hopefully I can hang in a few extra rounds ;)
     
  20. NPLV

    NPLV VIP Whale

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    Envelope system has been great for me.
     
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