I was reading something on-line related to 'win goals' (again) and came across this >>
Starting
Bankroll Percentage Win Goal
$ 200 20% $40
$ 400 20% $80
$ 600 20% $120
$1000 20% $200
$1500 20% $300
$2000 20% $400
$3000 10% $300
$4000 8% $320
$5000 7% $350
$6000 6% $360
"As your starting bankroll increases, the percentage return drops, because you want to get to your goal as soon as you can, then wrap up your profits".
I realize, not all of us are gonna walk in the casino with 6K but the POINT of this is what grabbed my attention. The higher your BR, your win goal PERCENT should go down(?) I'm not sure how much we talked about this (if it all) in the past. I always shot for 20% regardless of BR amount, now I'm re-thinking it.
Changing the subject a bit......I still stand behind MY previous advice. Lets say your WIN GOAL is 20% and your BR is $300 ($60). On a particular win, lets say you go OVER the $60 (we'll say $72). Keep on playing for more profit. If/when you DROP back down to $60, quit for the day. You still met your 20% win goal.
Ken
"...6K but the POINT of this is what grabbed my attention. The higher your BR, your win goal PERCENT should go down(?)"--Mr. J
The premise is with so much bankroll at stake, a bettor would want to be "safer than usual". (Wouldn't it be easier to lose $600 or even $1000 than to lose $6000?) *Also pitbosses are watching for 'overachievers'.
"On a particular win, lets say you go OVER the $60 (we'll say $72). Keep on playing for more profit."--Mr. J
Why stop at $60? To avoid compulsive gambling and risk losing the 20% profit and possibly part of your original bankroll.
"and risk losing the 20% profit and possibly part of your original bankroll" >>> True but thats not what I posted.
Its one thing if you hit 20% EXACTLY on the head.......yes, then quit.
I said, if its over 20%, keep playing for more profit and if/when it then *DROPS* back down to 20%, QUIT for the day. If somebody does not have the discipline to quit, not my problem.
Ken
"...if its over 20%, keep playing for more profit and if/when it then *DROPS* back down to 20%, QUIT for the day."--Mr. J
Table minimums may not allow such small a bet. Also, why spend valuable time chasing pennies when that energy may be better used preparing for the next session. (Watching dealers, popular numbers, etc.)
*Not that your suggestion wasn't a good idea though.
Quote from: Mr J on July 19, 2012, 07:40:06 PM
Changing the subject a bit......I still stand behind MY previous advice. Lets say your WIN GOAL is 20% and your BR is $300 ($60). On a particular win, lets say you go OVER the $60 (we'll say $72). Keep on playing for more profit. If/when you DROP back down to $60, quit for the day. You still met your 20% win goal.
Ken
what do you think about changing another table after reaching the 20% goal?
Once the 20 % win goal has been reached never give it back. Seventy percent of the people who enter a casino are ahead at one time or another and 90 % give it all back. :ok:
Speed kills and GREED kills a bankroll. :diablo:
Nuff said
Quote from: Nathan Detroit on July 22, 2012, 10:21:19 AM
Once the 20 % win goal has been reached never give it back. Seventy percent of the people who enter a casino are ahead at one time or another and 90 % give it all back. :ok:
Speed kills and GREED kills a bankroll. :diablo:
Nuff said
I agree but what if on a win, you happen to go over the 20%? Why not play with that EXTRA money and IF it drops back to the 20%, then quit.
Ken
It`s your money and your choice .If you win, there is nothing to worry about and if you lose that bet you still have your win goal and don`t have to cry about the one that got away. :ok:
N.D.
ND, one of the wiser posts Ive read :pleasantry: Agree with Ken completely( someones got to sooner or later ken??) The higher bankroll and lower percentage would lead to some very short sessions I would think. 20% is my personal goal and I just up the stakes every month as the kitty grows.
Quote from: Nathan Detroit on July 22, 2012, 10:21:19 AM
Once the 20 % win goal has been reached never give it back. Seventy percent of the people who enter a casino are ahead at one time or another and 90 % give it all back. :ok:
Speed kills and GREED kills a bankroll. :diablo:
Nuff said
im guilty of this :pleasantry:
Not being one of the 90 % is the HOLY GRAIL. :ok:
I don't know about the lowering of percentage for the winning goal. Sure you will reach it quicker. But a good goal is a good goal even though you have more money. Just sticking to the game plan and cashing out when a goal is reached is the key.