Buy in and loss limit

[Dylanfreake]

To all players: (1) How do you determine the amount of your buy in ?
(2) How do you determine the amount of your loss limit ?
(3) Is your Buy in a different amount from your loss limit?

I think these three basic questions will shed light on money management issues or questions that a lot of players have.

We can all just pick a number but when having a limited bankroll, players need to determine a starting point before making their initial wager.

[wild child]

To all players: (1) How do you determine the amount of your buy in ?
(2) How do you determine the amount of your loss limit ?
(3) Is your Buy in a different amount from your loss limit?


Dylanfreak
...Strong Topic....
..........
I think these three basic questions will shed light on money management issues or questions that a lot of players have.

We can all just pick a number but when having a limited bankroll, players need to determine a starting point before making their initial wager.

>>>>>>>>>>
Honesty to one's self encircles this discussion :
Be honest
Looking for entertainment
OR
are you a serious high risk taker with the intention of consistently taking home a $ profit...
<
Those two are just reference points and open to interpretation
<<<<<<
If you play for entertainment , would you budget the price of an evening on the town ?
The price of catching a movie may by far be less than attending a professional sporting event.....
and exposure to casino gaming / gambling expense may differ related to individual experience....
.
..go at it fully knowing your Mad Money could rapidly get pissed away in search of an occasional fun evening
>>>>>>>>>>
>>>> Going into the serious hobbyist level ...
.. A number of formulas suggested have been suggested by informed sources
who strongly differ in opinion concerning various PERCENTAGES of your 100 % Bank Roll
The Bank Roll is sliced into some percentage applied to several Buy In amounts
////////////
The Buy $ amount In
is usually adjusted to address specific Wager Minimums........
=====
Various
authorities
-------------
Just for tickles and grins I suggest this sample
$10 wager minimum may require a Bank Roll of $1,500
The U S D amount is arrived at this way
Minimum wager $10 x 30 wagers = $300 Buy In ( Base ENTRANCE $amount x 30 Wagers )
$300 Buy In suggests a $1,500 Bank Roll ( Five Buy In Amounts in the face of Draw Downs)
==
The example above would more conservative were the Buy in be $500 - $600
and
the suggested Bank Roll be $3,000 - $6,000 or greater ( Five X Buy In ) minimal

Some experts / authorities may engage in strong opinions arguing about specific $amounts and % (percentages)
............................
The Loss Limit is a subject of much discussion Loss Tolerance and Discipline ( Money Management )
There is also discussion of Win Goal....and Exit Indicators......
Heavy has suggested an envelope system
\\\\
D F
there is a large amount of room for discussion on this

just me saying

w c

[heavy]

Yeah, it depends on table limits, the strategy I plan to play, and how much $$$ I have available. On a typical Vegas weekend I'll pack $2500 - $5000. I'll have an additional few '000 available via casino credit around town. I rarely get into the credit. On a 3 night stay I'm typically looking at playing 10 craps sessions. With that bankroll range I'll buy in for $300 to $500. Generally a 50% loss limit. Win goal, as I've said many times, is $160 on a $5 game. You can double that on a $10 game. I play something akin to my "envelope" strategy as far as money management is concerned. I just don't use the envelopes. But it's rare that I'll bring my entire trip bankroll into the casino when I'm playing. If I have a decent win locked up by the end of the trip - say $2K or so - I'll take HALF of that on my last morning in town and play one final session with no loss limit. Looking for an even bigger score but still guaranteeing that I leave with a win. Note that I also allow myself around $100 a day for slot prospecting.

Next year you are going to hear me talking more about mini-bac and roulette as I once again start including these games in my play. I used to play a LOT of both games but slowly gave them up for more craps. We'll test the waters on these games more in the months to come. Both will be played with separate bankrolls.

[Backstroker]

Basically agree with Irish and Heavy. I usually buy in for about 20% of my trip bankroll, with a session loss limit of around 40%. I may just take a quick stroll, check the roulette wheel for my numbers, then get right back in the game. Amazing how sometimes 20 minutes away clears your head. I do not get to play often, so I tend to get my gamble on.

[Dylanfreake]

First of all, I have a dedicated craps bankroll which I call My Total Gambling Bankroll. My Total Gambling Bankroll is only used for gambling in casinos---nothing else.

My session buy in is 4% of my Total Gambling Bankroll. 4% of my Total Gambling Bankroll is what I am willing to put at risk and lose a craps session.

My session buy in and loss limit are the same.

[wild child]

D F

For example with a T G B of ~ $15,000 x 4% your maximum Risk Capital = $600
on an excursion to a casino ......
.
Approximately what is your maximum $ amount or ( percentage ) exposed on a single wager ?
.
Is your initial wager for an amount different from subsequent wagers ?


w c

[Dylanfreake]

Right now , I am playing low ball..

I make a $10 DP and lay 1x odds------ 12(10) 15(10) 20(10) -----one loss of any kind ,due to a natural or point, per shooter. All my wagers are the same unless a craps winner is tossed on the comeout at which time the winning DP wager will be parlayed (Cowtipped). No odds layed.

However , in your example of having $600 risk capital , I would risk $50 to $60 per shooter.

I should also add that my reason for the way I play now is due to age. I am 70 years old and I know my trips to casinos are going to be limited . My gambling bankroll , I am sure will last me for the rest of my life , if I don`t go crazy in my wagering . I am not an action junkie and never have been , so the way I play suits me just fine.

I hope to play 100 t0 150 hours in casinos each year for the next 10 years , if I am able. After 80, you never know what is going to happen.

[wild child]

D F
You use an very conservative approach to our highly speculative game.
You have for many years avoided the ego ,emotion and greed factors ..........
Would you ever make a D/C or lay wager instead or in addition to the D P ?

Were your Total Gambling Bankroll grow to six figures ,
would you increase your wager while holding to the 4 % guideline ?

w c

[Dylanfreake]

Being conservative as I am and with the personality that I have , if I had a six-figured bankroll , I would play a table minimum DP and lay max odds , one loss per shooter .

If I had a six-figured bankroll , my dream way of play , would be to make a table minimum DP and lay the 4 and 10 . After the comeout take the 4 and 10 down and lay odds . Then make a place bet on the six and a place bet on the eight. When either the six or eight hit , take both down.

The above is what I call MY ULTIMATE STRATEGY.