Fund management - targets

[ego]

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I find Brett Morton's "Fund Management" being very clever.
Does not just sett a limit for stop loss with win goal - it also show when to push for jackpot.
It also has built in safety net that catch before it is to late.

With all the necessary componets to define a present session.
When to start when to quit when to push or be catch by a safety net before its to late.

I will try to rap it all up with my own words with next reply.

[MuppetMan]

Look forward to it 

[ego]

PROGRESS UP THE LADDER - PLAY AND PUSH OR FALL INTO SAFETY NETS


Fund management - targets ...
It should be the core how to deal with your play during sessions.

Next i will explain this strategy in detail.

[malcop]

Hi All,

I have been playing this way for quite a while, I have posted a MM tool I created a few times on this forum but will post it again.

All you have to do is enter your Account Balance, Session Buy-In & Base Unit, and the sheet will do the rest, while you play if you update the High point cell you will see the values change as your game progresses.

I don't want to hijack EGO's thread, so that's it for now.

Thanks

malcop

[ego]

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That is great malcop - thanks for sharing.

But this fund management is a littel more complex as it involves psychology when to quit and be happy that you gain some units even if you did not reach your first win goal at happy point and end up among one of does safety nets.
It also show how to reach jackpot when you reach wins above expectation above win goals.
The most important core do is the safety nets that avoid you to continue play as the game is against you.

I will read up about the topic and post a complete playing model for Bankroll management and Money management.
I do this as no one have made a complete topic about the subject and that should be the core that each game is based upon.

[GLC]

I posted a review of Brett Morton's book a while back. 
link:://rouletteforum.cc/index.php?topic=3760.0

We talked about his money management method, but not so much response from the forum.

You are correct in emphasizing the importance of money management, but that doesn't seem to be what pulls the most chains here on the forum.

Maybe because there aren't an infinite number of ways to handle MM, we take note of it and get on with chasing the pot of gold at the end of the rainbow.
Somewhere Over the Rainbow - The Wizard of Oz (1/8) Movie CLIP (1939) HD

[ego]

You are correct in emphasizing the importance of money management, but that doesn't seem to be what pulls the most chains here on the forum.

True and strange as the money management is the "engine room" to any successfully gambler.
My point is that ain't up towards what system you use as its about how you deal and handle your money during the game that will give you success.

So when pepole discuss that all system fail in the long run - there will always be players who play does with success.

[malcop]

True and strange as the money management is the "engine room" to any successfully gambler.
My point is that ain't up towards what system you use as its about how you deal and handle your money during the game that will give you success.

So when pepole discuss that all system fail in the long run - there will always be players who play does with success.

I totaly agree with the above statement, how you manage your money is far more important than what system/method you are using.

Of course it goese without saying you also need a system/method that works as close to 50% or above, but money management is the "engin room" to an successfull gambler.

Knowing when to quit a session with either small loss or a small win or when you are up a reasonalble amount of points not throw it all away chasing a few extra points profit.

The toughest lesson I had to learn was not be greedy and accept what the table had to give me good or bad, you can't force a win so stop trying.

There are plenty of positive sessions that come along learn to recognize the positive ones and how to exploite them and forget the rest.

I for one would be more than happy to walk away from a table with just a +1 or +2 unit profit would you?

Thanks

malcop

[ego]

Now try to rap you mind around this ...

Personally i have to think in new ways as the money management is cruel with no errors.

Now what amount make me happy - i would say 50 Euro would make me feel great.
So that should be my Happy-Point.

Loss-Limit should not be more then my Happy-Point so now i have the Loss-Limit of 50 Euro.
That was easy to set up does guide lines based upon this money management strategy.

50 Loss-Limit
50 Happy-Point

Now when or if i reach Happy-Point and want to continue to next win target Gold-Top - then i can't lose it all as there is a Bottom Line Target - "safety net" - that stops me from losing it all.
I set the BTL 10 Euro as i want as much money i can get to continue for next win target and in the same time not go home with a empty wallet.

50 Loss-Limit
10 Bottom-Line-Target
50 Happy-Point

Now i don't want to rush things so i aim for 70 as Gold-Top - the second win target.

50 Loss-Limit
10 Bottom-Line Target
50 Happy-Point
70 Gold-Top

Lets assume i don't stopp at Happy-Point or stopp at Gold-Top and continue for Jackpot.
Then i can only use the money between Happy-Point and Gold-Top to grind out profits.
Then Happy-Point is my secound safety net.

50 Loss-Limit
10 Bottom-Line-Target
50 Happy-Point
70 Gold-Top
?? Jackpot

You can adjust this strategy as you feel like.
Thump of rule is that you should have Loss-Limit around the same amount as Happy-Point.
Bottom-Line-Target you can set to minimum so you have more money to fight whit as you play for next win target - if you do.

This is also a MM based upon the same principals.

100 Loss-Limit
10 Bottom-Line-Target
70 Happy-Point
100 Gold-Top
Jackpot

Conclusion is that you can skip one big or huge bankroll and go all in for a small % as noting is due to happen and you will sooner or later lose your bankroll.

This way you can base the methods or session upon your strike ratio.

Win two sessions out of three sessions
Win three sessions out of four sessions
Win four sessions out five sessions

Also know that this strategy set limits how many units you have to play with - so there is no room for any kind of sloppy or fuzzy games.

[ego]

Explore and find out your own variance ...

Lets say you cut the targets around 33% you might succeed and from that point as you gain experience tight up your game plan.
So the MM could look like this if you win more sessions then you lose.

MM with units ...

100 Loss-Limit
10 Bottom-Line-Target
50 Happy-Point
70 Gold-Top
?? Jackpot

I will from now on only test all my bet selections based upon this MM with different staking plans.
As i remember ND aim to win two session out of three - i guess he use some kind of MM to succeed with he's hit ratio.

[Robeenhuut]

I totaly agree with the above statement, how you manage your money is far more important than what system/method you are using.

Of course it goese without saying you also need a system/method that works as close to 50% or above, but money management is the "engin room" to an successfull gambler.

Knowing when to quit a session with either small loss or a small win or when you are up a reasonalble amount of points not throw it all away chasing a few extra points profit.

The toughest lesson I had to learn was not be greedy and accept what the table had to give me good or bad, you can't force a win so stop trying.

There are plenty of positive sessions that come along learn to recognize the positive ones and how to exploite them and forget the rest.

I for one would be more than happy to walk away from a table with just a +1 or +2 unit profit would you?

Thanks

malcop

Walking away with a small win or at worst only a small loss would only make you feel better.  Playing for a small win only does not increase your chances. I would love to see an evidence to the contrary. Its just more cautious approach like bringing your BR to the casino but setting only 20% stop loss. Just my opinion but i dont dismiss the importance of MM due to the fact that there is no a constant winning bet selection. And we need some hope