Eric: How to determine the stop loss level for leaving casino?
Your initial account is $ 1000, if your account reach $ 6000 at 3 pm, of course, you want to keep play until turning into losing position, does anyone have any suggestions on how to determine your stop loss level making you leave casino? If you leave casino with $ 2500, you still make $ 1500 net profit for today.
But it will not be good to leave casino with $ 50 for taxi, you turn your profit into losing position $ 950 for today.
Thanks in advance for any suggestions
Answers and Views:
Answer by Dopey Dinosaur
Thing is, if you lose on your very first spin you’re already in a losing position. If anyone profited $ 5000 in a few hours they’d be foolish not to leave and risk that money!
Gambling is just entertainment, think of your losses as the cost of enjoyment. The only way you can be assured not to lose anything is not to go.
Answer by kissstarrIf I started with $ 1000, I probably would have walked away long before I got up to $ 6000. I probably would have walked away at $ 2000 (doubled my money). Then maybe started again with $ 1000 and see how it goes. Even if I lost the 2nd time down to $ 0, I would still have my original money, so that is a win in my book!!!!Answer by FAH-Q
30% you win a thousand put a grand in your pocket…..never ever quit a hot streak…..but if you drop down to $ 700 bucks infront of you maybe a couple more bets….losing streak continues you gotta pack it in…always stop a losing streak….Answer by pdq
You received some good advice from some folks above. The last thing you said was, “Thanks in advance for any suggestions”, so I have a suggestion.
I will suggest that it’s always good to think about how to handle your bankroll. That’s exactly what you’re doing, so great. STILL, I am worried about your attitude. Just reading into how you speak, I worry that you feel this bankroll management will somehow allow you to BEAT the casinos.
You need to understand that bankroll management alone can NOT overcome the advantage the casino games have over you. You WILL lose more than you win over time.
The only people this is NOT true for are people who are EXPERT card counters and profitable poker players.
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