Royal Panda roulette

Author Topic: Bankroll Management  (Read 755 times)

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scepticus

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Bankroll Management
« on: September 04, 2017, 12:01:13 AM »

                      BANKROLL   MANAGEMENT
Much has been said and written about Bankroll Management without specifically saying how much money is actually needed.
Ever since I read a book on Horse Racing ( in the UK  ) I always considered it to be a 20th  or 5%. Later I found that is the amount used by Professional Gamblers . On any Bet you bet no more than 5% of your Bankroll  . No exceptions .
Now this is a Long Term Bankroll and not a Session Bankroll.
When your Bankroll has doubled you then double your bet and continue doing that until you reach a level that you are happy with.
In Poker there is a guy called Chris Ferguson who started in Low Stakes Poker Tournaments . He stuck religiously to 2% of his Bankroll until he reached $10,000 and became a Professional Poker Player.  As he was already rich  his reason for keeping to 2% was to prove the effectiveness of having a carefully considered Bankroll in avoiding going Broke .
Perhaps we could all learn from Chris .


 
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MrPerfect.

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Re: Bankroll Management
« Reply #1 on: September 04, 2017, 04:11:36 AM »
It's a very sensitive issue for roulette ...
    To manage bankroll need to know edge you will have in play session. To know it for sure is impossible,  unless you know how to see future.
  Good thing is that edge can be estimated if player is familiar with math modeling. It will be however always curve fitting and perfect betting plan is impossible to device for this very reason.
   However, some heuristics can be created to different cases. Playing with 5 % edge optimally will require very different strategy then playing with 20%, if player can get 40% bank management becomes very easy and with 60% no management is required - just hummer them till they close a table.
 
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dobbelsteen

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Re: Bankroll Management
« Reply #2 on: September 04, 2017, 07:47:29 AM »
My goal of every casino visit is a profit of 2% of the sum of all me bets. The hits on the ECs give an average profit of about 10% and the hits of the game of the dices 20%. The no hits and specially the zero decrease the final  profit. My initial balance is 500 euros.
 
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MrPerfect.

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Re: Bankroll Management
« Reply #3 on: September 04, 2017, 12:58:42 PM »
What's you problem with zero anyway? Just because it's green??? On 10 profiles l collected so far zero was positive on one only. Rest of roulettes it was a negative number, so coming up less then 1/37.. it's just one more number, how it can affect you that "specially"?
 
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Sputnik

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Re: Bankroll Management
« Reply #4 on: September 04, 2017, 02:11:11 PM »


Scepticus i will add some information and material to this topic later tonight or tomorrow.

Cheers
 
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dobbelsteen

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Re: Bankroll Management
« Reply #5 on: September 04, 2017, 02:21:38 PM »
The zero is not a particular number. I wager mostly on the ECs ,dozens and streets. The zero is not a part of these wagers and that is the reason the zero is always a loss. Nothing less or more.
 
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mr j

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Re: Bankroll Management
« Reply #6 on: September 04, 2017, 02:23:55 PM »
specially the zero 

Again with the zero(s). Geeeez. If the 0 hit or the 32 hit....a loss is a loss. You guys and the zeros.

Ken
 

mr j

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Re: Bankroll Management
« Reply #7 on: September 04, 2017, 02:28:30 PM »
....but *ANY* number not bet on is "not a part of these wagers". Let me ask this >> lets say you were betting on the first two dozens. The first spin is a 35. Second spin is a 0.

Both of them you lose. Will you feel worse (different) because the 0 hit as opposed to the 35?

Ken
« Last Edit: September 04, 2017, 06:09:05 PM by kav »
 

scepticus

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Re: Bankroll Management
« Reply #8 on: September 04, 2017, 03:39:50 PM »

Ken
You misunderstand Dobbelsteen. When betting dozens 1 and 2 he covers them by putting 3 chips on :Low and 1 chip on the sixline 19 / 24. If zero wins he gets half his stake on  Low  back. Had he bet Dozens 1 and 2  as dozens he would have lost 4 chips ,He has saved One and a Half chips Still a loss but less of a loss so I agree with Dobbelsteen here,  Don't you ?
Every little helps !
 
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MrPerfect.

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Re: Bankroll Management
« Reply #9 on: September 04, 2017, 04:14:01 PM »
Wasn't it a Dobbelsteen himself that stated prejudice of no hits " especially zero" ?  Looks like it is required to be a system player to understand another system player.
 

mr j

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Re: Bankroll Management
« Reply #10 on: September 04, 2017, 04:23:44 PM »
Scepticus,
As in the En Prison rule? If I missed that in the thread, my mistake.

Ken
« Last Edit: September 04, 2017, 06:08:47 PM by kav »
 
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scepticus

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Re: Bankroll Management
« Reply #11 on: September 04, 2017, 04:54:03 PM »

Lots of misunderstanding in this forum Ken !
En Prison is slightly different  from Half- Money back.
In Half-Back you must now put a half stake  on to make it a valid bet of the minimum stake.. If you have no more money to put on you can not bet,
In En- Prison your bet is held in prison until next spin with the same stake left on.. But if your method dictates that you change the EC then you have a decision to make. 
You are in the unfortunate position  in the US of not having either option. In Europe we have the option so the only understanding needed is experience .Simple.
 

mr j

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Re: Bankroll Management
« Reply #12 on: September 04, 2017, 05:40:35 PM »

 the only understanding needed is experience

No, the only understanding I need is that I dont have that here in the U.S. If we did have it, I STILL would not bet on the outside.

So my question, is that what was implied regarding getting half your "low" bet back if the 0 hit? You are correct though....I dont (should not) participate in single 0 wheel talk. 

Ken

 
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mr j

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Re: Bankroll Management
« Reply #13 on: September 04, 2017, 06:33:05 PM »
@Kav >> "Guys, please do not quote a post if it is immediately above yours" << Your words.

You EDITED my posts AGAIN. I quoted Scepticus. He was not above me, MrPerfect was.

Ken
 

scepticus

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Re: Bankroll Management
« Reply #14 on: September 04, 2017, 08:00:05 PM »

In the UK , Ken, we only lose half our stake when betting an EC if zero wins. Don't ask WHY . I asked the relevant authourities . And they didn't know !
It is not held " En Prison " .In Europe some do and some don't.
 
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