ok so i have a 'friend' ;) that needs to make 5k to make up some losses and has a bankroll of 20k to try and do this.
It needs to be done over the space of a month, so that's about 180 per day.
Just wondering what approach/play/system any of you people would chose to do this if it was you. Obviously nothing can be guaranteed but there must be systems out there that a player would have to be very unlucky not to be able to make 180 per day from a 20k bankroll.
Any suggestions are welcome.
to play absolutely different systems with small win goals/stop loss. But absolutely not relying on betting on cold with martingale progressions. To try to use flat bets. never take to casinos all the money.
look at what Proofreader does. He testes different systems in his section. So watch and ask him what he thinks.
i would recommend 2 books u can get online, by Brett Morton and Lee Tutor, they will give u general understanding of the tactics, money management and other things u can use.
thanks for the replies iggiv.
needs........He "needs" to make five biggies.
I have not been up the mountain and I don't have the stone tablets, but in my lil' ol' opinion if you need money, the worst--absolute worst--place in Earth you could be is a casino.
Well, I didn't address the question at all, did I.
If he must do this, try the L v F system. With a labby. Works for me.
Sam
he can try working with "small" bankrolls like 300 dollars each time he is in the casino, to start with small win goals and if he is able to win then increase the bankroll gradually. But if he loses it at least he won't lose thousands. I guess a guy with no experience and lots of money is an easy target for casino...
@TwoCatSam
Yes five biggies. Sounds a lot but it's only the same ratio as trying to make 50 with a 200 bankroll...which doesn't sound that tricky....but obviously a lot less on the line on that level.
@iggiv
Sounds like a sensible approach but surely the whole point of having such a big bankroll of 20k is to be able to keep going through drawdowns where most people will bust?
don't hold your breath. never hope for a big bankroll to stand up against big downdraws. It's better to accept a small loss than to be dragged into huge downdraws which are like a snowball. Remember if u don't know where u stand, u gonna be a small fish among big sharks. They will eat u. U r not the first and not the last with the big bankroll to be lost.
Very bad idea.
thanks for the wise words iggiv. Yes to most people on this forum 20k is probably a lot of money but to casinos it's a couple of hours of takings on a busy night. I just have seen many times where the drawdown as gone to 500+ and it's bounced back to be in profit....but setting stops too tight would have been out the game.
Just can't help thinking that achieving just under 1% ROI per DAY targeting 180 with 20k is easier to achieve than 60% ROI per day targeting 180 with 300.
most of pro players advice to divide your bankroll, and the bigger it is -- to divide on more parts. It's too easy to lose it. It's not a problem to lose small bankroll. but it is a big problem to lose a big bankroll. you are like on a minefield....And there will be a day when your goal of 1% will be unachievable, just one unlucky day when u lose everything...
But something inside my mind tells me that with a right approach u won't even need a big bankroll...
:) )
i know it's weird
link:://youtu.be/vkT5dVJsnYk (link:s://:.youtube.com/watch?v=vkT5dVJsnYk)
thanks again for the reply and your expertise on this iggiv
Quote from: Le_Chiffre on Jan 19, 02:44 PM 2013
@TwoCatSam
Yes five biggies. Sounds a lot but it's only the same ratio as trying to make 50 with a 200 bankroll...which doesn't sound that tricky....but obviously a lot less on the line on that level.
So....reducing down further.......that would be like trying to make $5 with a $20 bankroll. I did that yesterday with the L v F and the S/N Excel Bot. In fact, I made $10 on a $19.00 bankroll.
I have an idea: Have your friend PayPal me the 20K and I'll give it a shot...for a modest fee, of course!
(It's humor!!)
Sam
Yes ratio of making 5 from a 20 bankroll using 0.01 chips....surely not that hard right?
Just a shame paypals fees are so high otherwise that sounds good Sam lol ;)
Le
If I may be serious for a moment. Again, I'm not trying to sell bots for Stef and Nick, but this thing I'm doing sure seems to work. Is it the "Holy Grail"? No, because that does not exist. It does seem to be way to make a percentage of bankroll without losing the bankroll.
Time will tell.
I'm going to pull a Johnlegend here and predict I will be making 50 Euro per day with this program (and my use of the Labby) by June 1st, 2013.
Sam
Cover zero.
@Sam
what bankroll are you going to be using to make the 50 per day target and what is your overall target or are you planning on doing it indefinitely?
Do you think 5k from 20k is achievable with your system in the space of a month with a low risk?
there is no "low risk" about taking 20k to casino unless you're a millionaire of course. A few mistakes which can easily happen, and u r done. U gotta realize that. That's why they divide big bankrolls into small. Because a bad day can happen any day. A bad moment can happen any moment, and there could be a chain of those bad moments which will lead u to total disaster.
And longer you play -- there are more chances that u encounter this chain of events really SOON. Something u consider impossible. Like they say "20 reds in the row? Give me a break". And then u see 25 reds in a row though nobody saw it before. And what is the relief for ya that You can claim for entering into Guinnes record if u lost your 20k? (it's only an example, i am not saying u gonna play on sleeping black, just a small example what u can encounter).
just stop and think about it....
in my opinion You have a totally wrong approach.
ok iggiv, so are you saying the best way is to set stops of about 400, then one day i may make 500 in a session, then next day i hit the 400 stop loss so I'm net +100 for two days. then the next day i make another 500. then the day after i hit my stop again and now im up +200 for 4 days and so on? Seems like a slow but good approach, much like financial investing. trouble is what happens if every day i keep on getting stopped out as it's too tight and never lock in any profits. i would be down 1600 for 4 days.
Le
I haven't figured out the bankroll yet. I want to inch upwards to the amount I need. I am poor at math, so I have to think long and hard before I post.
In a month, using this method, one could easily earn 5K off 20K. Like iggiv says, it would be done with small chunks of the 20K and a goal of about $75 per day profit would be in order.
Tell you what, I'll use $20 and make $5 and screen shot my before and after balances. I'll keep track of exactly how far down I go into the penny bankroll.
It will be fun!
Later today.
Sam
listen up.
buy those 2 books by Lee Tutor and Brett Morton. It's a small investment for a guy with 20 K. Get down on them,
sit with them for some time, read them and understand what the authors say. after that buy RX if u did not buy it yet, another small investment. Make your virtual bankroll 500 or 1000 units. Aim for 5 or 10%. Play virtually with
German or any other real spin data. Do it for some time till u see that u get those 5% regularly, and it makes more than u lose. Then take to casino this amount of money (500 or 1000). No more than this. and start playing with it.
If u can make 5-10% regularly (with proper stop loss and overcoming your losses) then within a few months
u will double or even triple your bankroll. So u can take to casino bigger amount of money now. If u lost it (or part of it), then u lost it. At least u did not lose 20k.
look man, i am not giving u exact amounts. i am not an expert in the field, certainly not Lee Tutor or Bret Morton. I suggest u go with them. They wrote bestselling books, u can get your hands on those books within 5 minutes.
This is low investment with extremely low risk but possible big profits. Thats all i can advice. But never ever ever
take 20K to the casino if u did not make in casinos 100k before. That's a road to disaster.
Quote from: Le_Chiffre on Jan 20, 09:58 AM 2013
ok iggiv, so are you saying best way is to set stops of about 400, then one day i may make 500 in a session, then next day i hit the 400 stop-loss so I'm net +100 for two days. then the next day i make another 500. then the day after i hit my stop again and now I'm up +200 for 4 days and so on? Seems like a slow but good approach, much like financial investing. trouble is what happens if every day i keep on getting stopped out as it's too tight and never lock in any profits. i would be down 1600 for 4 days.
thanks Sam
thanks iggiv