Author Topic: The Cost of a Win.  (Read 2123 times)

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MickyP

The Cost of a Win.
« on: March 18, 2018, 06:58:50 AM »
"A win is a win."
A win is walking out of the casino with more money in your pocket than you walked in with. It sounds good but is it right to presume this to be "winning"?
Is the cost of your time calculated into your winnings? How much is your time worth? The value of your time can be measured per hour (normal working conditions) and it can be measured per spin played. Your unit value can be seen as your remuneration scale. Lol... Many players are comfortable with minimum wage.
Your thoughts?
 

cht

Re: The Cost of a Win.
« Reply #1 on: March 18, 2018, 08:40:30 AM »
Forumers are hobbyist gamblers visit b&m like tourist not job.
 

MickyP

Re: The Cost of a Win.
« Reply #2 on: March 18, 2018, 09:00:47 AM »
Bold statement but incorrect.
 

MickyP

Re: The Cost of a Win.
« Reply #3 on: March 18, 2018, 10:07:07 AM »
Why do players use the smallest chip value to start their play?
Bankroll is the main reason.
If you have a solid method you can build your bankroll and play with higher value chips. This will reduce play to reach your win goal. Starting with minimum every day makes no sense.
 

Dane

Re: The Cost of a Win.
« Reply #4 on: March 18, 2018, 10:49:05 AM »
Yes,  bankroll is the main reason. Never bet more than you can afford to lose.
If you have a solid method you can build your bankroll and play with higher value chips.
And higher and higher!
The Danish Hans Christian Andersen was born in Odense (my favorite Casino is in Odense,  by the way). Please read THE WOMAN WITH THE EGGS.
The woman dreamt of building a fortune.
Your methods might be as solid as her eggs ;D
 

Re: The Cost of a Win.
« Reply #5 on: March 18, 2018, 10:55:40 AM »
Playing guitar is one my hobbies  ;D   A good friend did gave me some golden advise he said:  If you want knowledge about something you have to visit forums. There you can find people who know their stuff.

It was one of the best advise somebody could gave me. I am now a very profitable forex price action trader. And i am making good money now with roulette. All of that thanks to forums.  :)

Thanks Kav and Reyth for this great forum i am learning a lot.

Micky,

Just like trading i look at roulette from a investing point of view. So i look how much my ROI ( Return of Investment ) is per hour i play.  I like to spend less than an hour playing roulette live B&M online.

For me playing almost an hour daily is the right amount. So i can spend the rest of my time with other activities i like.

 
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MrPerfect.

Re: The Cost of a Win.
« Reply #6 on: March 18, 2018, 11:02:17 AM »
If you got a solid method, you need no bankroll.
   Thing is... to play properly folks spend years to learn. It's like to take a uni course.  If you start to abuse on huge takes, your life of a player will be short. Most play local casino 2-3 days a week, sometimes more often, few live next do to it.. being banned is hussle.
   On other hand, you always can put up bets when things are good... in few hits you can rase your bet 5-10 times initial unit.
   Example... 1unit (10 numbers)-36 units...2 units (10 numbers) -72 units... 5 units ( 10 numbers)- 180 units... 10 units (10 numbers)- 360 units....
    You just invested 10 units to get 448 units... if your unit is 1 gbp, you earned a week of work in 4 spins.
   You can continue this level up as long as you please..  often you can arrive half table limit in 1 hour!!! So why use bankroll?
   On other hand... you need to be as under radar as you can.... so you can start with 10 units per number, but that is just require session bankroll, not "master bankroll".  Rarely more then 200 bets per number are required ..  most often 80 units is enough for most common situations. It's natural stop/ loss as well if you did something wrong.
   After all how much per year you wanna earn and for how many casinos you wanna spread your action, especially if you are individual player...
 
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Scarface

Re: The Cost of a Win.
« Reply #7 on: March 18, 2018, 02:22:07 PM »
I drive 2 hours to local casino, and normally play low. I play for at least 6 hours.   If I can walk out with 200-500 I'm happy.  But often times, if I'm up a little at the end of the day, I'll make a few long shot wagers with the winnings...I'll either win big or break even before leaving

Pretty much play a grind system to get up a little.  Then with winnings, throw a few bets on singles for 20 a piece.  Only do this with casinos money
« Last Edit: March 18, 2018, 02:25:04 PM by Scarface »
 
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MickyP

Re: The Cost of a Win.
« Reply #8 on: March 18, 2018, 02:34:53 PM »
In a normal job, what do you get paid per hour? The idea behind this thread is to determine how much your time is worth relative to set win goals.
 

mr j

Re: The Cost of a Win.
« Reply #9 on: March 18, 2018, 03:05:51 PM »
I drive 2 hours to local casino, and normally play low. I play for at least 6 hours.   If I can walk out with 200-500 I'm happy.   

Much much much much much RESPECT!!!!!!!!!!!!!!!!!!!!!

Ken
 
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leowls

Re: The Cost of a Win.
« Reply #10 on: March 19, 2018, 12:40:52 AM »
In a normal job, what do you get paid per hour? The idea behind this thread is to determine how much your time is worth relative to set win goals.

It depends on one's expenses. For someone who spends little, a small win is quite a profit for him. The notion to start small is to protect your bankroll. Imagine in a war, you send in the pawns first and the queen last no matter how good your tactic is.
« Last Edit: March 19, 2018, 12:46:14 AM by leowls »
 
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Reyth

Re: The Cost of a Win.
« Reply #11 on: March 19, 2018, 12:58:49 AM »
There is an aggressive Queen opening (Napoleon):

 

leowls

Re: The Cost of a Win.
« Reply #12 on: March 19, 2018, 01:02:54 AM »
Awesome, but one tactic alone cannot destroy a shape-shifting enemy like the roulette.  Just when we have thought we have found a way to defeat it, it changes into another form and attack us in a different way.
 
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MickyP

Re: The Cost of a Win.
« Reply #13 on: March 19, 2018, 06:22:47 AM »
Nice train of thought.

Leowls, I agree, each to his own. For a player who wants to make money from roulette this is an important calculation to make or do players walk in and play blind without any parameters to work with?

I know big wins do happen but not on a consistent basis. Playing a method that gives a good consistency of wins will more than likely keep you within your parameters and the odds of you reaching your win goal are greatly improved.

Here is an example of what I mean about the value of time.
If your regular job pays you 10 dollars an hour or 80 dollars a day (just a simple example; don't freak out) and you live comfortably on this income; your casino play time should mirror this at least. Add the costs of a casino visit; travel, food etc, let's say an extra 20 dollars. You need to make 100 dollars on your casino visit to justify your investment.
Remember; you have put in many hours of research, testing methods and so on to qualify yourself as competent enough to reach your goal. It's what you do with your winnings that will ultimately see you move up from that level. Save/reinvest gives you the means to go up. Spending keeps you on the same level or bust.
 
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leowls

Re: The Cost of a Win.
« Reply #14 on: March 19, 2018, 09:31:40 AM »
Yes I wholeheartedly agree with you on this. One should save up his winnings so he can gradually increase his bankroll or bet size little by little. But woe to me because I need to pay $100 to enter the casinos here! Therefore I 'll have to hit $200 per day as $100 profit is my current aim.
 
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