Beyond 20%?

[mr j]

My yearly advice regarding when to quit AFTER achieving 20%.

I believe in quitting for the day after reaching a 20% win goal of your BR but thats not what my post is mainly about.

We'll make the numbers simple....a 1K BR. So at +$200, done!!

We'll say you are currently at +$175 (not a long effort in doing so, thats PART B).

You get a nice hit and are now at +260. Done for the day? I say no. The goal was and still is $200 (20%). Play on with that EXTRA $60, you could get a few more hits. Continue playing until (if it happens) you drop back down to +$200...then DONE for the day!! The people that have issues are the people that let themselves continue playing!!

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PART B >> (all of my information is CASINO related and for inside numbers, regardless of unit size).....you have to factor in TIME. So I have a 20% WG. After around 6 hours of play, I slowly drop that WG percent. Example being, after 7 hours or so, I will drop my WG to around 10-12%.

You MUST put a price tag on your time, sleeping, job and all other personal things going on in your life. After playing for 10 hours straight, you still gonna shoot for 20%? Dont be dumb with this game. Be smart, play smart....you're already doing battle against 2.7%/5.26%.

Ken

[slpcorner]

20%??  Hell, I'm happy if I can make over 2% per day consistently.

I have much to learn it seems....

[mr j]

So lets say 2% is your standard? Again, is that 2% the same for 2 hours of play compared 8 hours?

The reason why I think 2% is too low, lets say its now six hours into your play, what are you gonna drop that to?

.5% net?

Ken

[kav]

20%??  Hell, I'm happy if I can make over 2% per day consistently.

I have much to learn it seems....

Just for your information I agree with you spl.
One is free to set a Win target percentage as high or low as one likes. But higher WT in most cases means more risky play. Better stay safe.

[kav]

We'll say you are currently at +$175 (not a long effort in doing so, thats PART B).

You get a nice hit and are now at +260. Done for the day? I say no. The goal was and still is $200 (20%). Play on with that EXTRA $60, you could get a few more hits. Continue playing until (if it happens) you drop back down to +$200...then DONE for the day!! The people that have issues are the people that let themselves continue playing!!

Ken,
Thanks for sharing this.
So far this is exactly the way I played most of my years.
However I'm not very happy with the results of this concept. Most times I lose the extra $60 instead of increasing more my profit. What I hate most is leaving the table after a loss (the last chips of that $60). I would be much better I didn't do that last losing bets with my "extra" winning chips.
So my advice, which I deeply believe is this:
Leave after a win.

[Jesper]

Increasing the bankroll with 20% (often) make anybody rather rich rather fast.  I think 20% is a bit optimistic (and still ore?). If we enlarge the bankroll after winning often by 20%, it will skyrocket in short time.

[slpcorner]

So lets say 2% is your standard? Again, is that 2% the same for 2 hours of play compared 8 hours?

The reason why I think 2% is too low, lets say its now six hours into your play, what are you gonna drop that to?

.5% net?

Ken

So what this really shows me is that it has been waaayyy too long since I've actually sat at a real table - I've been playing online lately - and my sessions are generally hit and run. Usually no more than 30 minutes. 

But sure - If I'm sitting at a real table and I'm up 20% - then yes, by all means it's probably wise to cash out and go do something else for a while.

[dobbelsteen]

Bankroll is a relative argument for measuring the succes. The profit percentages of the bet or the sum of the bets is the only true measure for succes.Make a difference between  a start amount and a BR.

For example start a session with 500 units. You bet 100 units on Red. Red hits and you have 100 units profit. The win percentage is 100% and the start amount is incresed with 20%.

[mr j]

OMG you guys. Let me ask this instead (I dont think I want to know).....what dollar amount are you "happy with" for a net profit?

Ken

[Reyth]

I have enjoyed using a .5 profit, 1.0 stop loss model where most commonly 250 units is the profit amount.

[scepticus]

I think what  Ken  is saying is that you need to make your betting WORTHWHILE. You need to make enough to cover your expenses - at least  -which is why he takes a large bankroll.
That is his view and is entitled to it. I think most of us feel  differently.
Different strokes for different folks.