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Roulette-focused => Money management => Topic started by: MrJ on Nov 24, 10:27 PM 2010

Title: A win goal is fine but lets not forget the TIME put in
Post by: MrJ on Nov 24, 10:27 PM 2010
Been wanting to do this thread for a while. A win goal is fine, meet it and QUIT for the day. A win goal can be a couple different things. Perhaps its 20% of your BR....or 20% of your buy in (?) as we discussed in the past OR its a dollar amount. Sometimes for me its 1K or as low as $500, whatever. My point being, the longer you are playing, I STRONGLY ADVISE you adjust your goal, I will give a couple TRUE examples.

I walked in with a win goal of 1K playing XXX method. Up down up down for 10 hours!! Finally, I was getting very tired and only had a profit of $150 but I left. Was it the 1K I had wanted? No but you have to use some common sense. Another one....again, I was playing for hours and in the hole for $800 (est). I claw my way back to minus $100 and LEFT. You can not be ROCK SOLID with your win goal !! Its my opinion, the LONGER you are playing, your win goal must slowly drop. What I do: I write down the time I started to play. As each hour passes, I lower my win goal a bit.

Ken
Title: Re: A win goal is fine but lets not forget the TIME put in
Post by: hamsup_sotong on Nov 25, 12:00 AM 2010
great advice ken and i concur  :thumbsup: :thumbsup:

sometimes when we chase the proverbial last win( to break even/to hit the target), especially after a long up and down session, it never comes. Better to run away, take whats given and fight another day, when the nerves are not as frazzled.

Cheers
hamsup
Title: Re: A win goal is fine but lets not forget the TIME put in
Post by: chrisbis on Nov 25, 02:16 AM 2010
Most splendid advice Ken, and tho I can see your a B & M player mostly,

this same notional caution does transcend itself well to playing on line.

There are plenty of "self" governing rules, as to how and where, one plays the Roulette game,

but I guess the two most important ones are>>

1. Don't play when your tired.

2. Know when to quit. (whether that's ahead of your start position, or near to your own Stop-Loss position)

Setting targets (Goals) is an absolute must, In total agreement with you Ken.  :thumbsup:

(tho target setting only comes from many hours playing experience, and mistake making a plenty!!)  :o