Hello everybody,
I played some blackjack and Roulette and won from 50 to 1005. I did this several times but then I come to a point where I lost all.
What is the best to do? Pay out but how much?
Or play with it?
I don't know.
I love to hear your advice and comments
Hex
Well you are new in gambling if you win and then lose you will end up with huge minus on your credit card, so take my advice, do not gamling ever in your life.
VLS published a money management system that I think he called the 50% system or 50/50 system. I found several posts in the past where I referenced it but the thread is now deleted. It calls for you to break you bankroll up into 4 "banks", your present bank and 3 backup bankrolls in case you bust out. As I recall, you broke earnings up into 50%. You can keep 50% and the other 50% was added back into your banks, 25% into your current bankroll and the other 25% split between the 3 remaining. They grew slowly, your current bankroll grew quickly, and you kept profit in your pocket while planning for the eventual busts. When you busted the current bankroll, you would start with one of your 3 spares and the 25% that was split between the 3 went exclusively to growing the third bank back to meet the other 2 until they were even, then split again.
I will continue trying to find it because he was so much more eloquent and I don't remember it precisely but it was the finest money management anything I have seen in my years following this forum.
Hello hexfex82
My best advice is, if you’re purely gambling for fun then accept it for what it is, which is a fun roller coaster ride.
If you’re serious and playing systematically, then be mindful that there is always the compounding possibility of losses. Because of this fact, you should never set out to recover any drawdowns all at once.
Thanks God.
Good Morning All.
My advice is to first play and test your systems with RX and MPR. meantime you can play at your casino for fun with limited bankroll and strict stoploss, also learn winkel's extended fib progression.
Love and Light
SugTips
I read the content. It is very useful. Can be used in daily life.
I have to say that Colbster and Taotie are giving you some of THE BEST advises . We all learned those in a hard way :)
Also, many people have watched and read, but so far they have not brought what they should. Maybe there is still some useful information.