Quote:
Originally Posted by
quahaug
The thing I have not gotten an answer to and what I don't understand is when does a +ev player take money out of his bankroll to pay bills and such. I want to know if your on the dark side of variance, say 10% down on your bankroll do you still take money out to pay the mortgage which would further deplete your funds so you have to make back even more to be even?, or do you only spend winnings above and beyond your bankroll? I get Mickeys deal. He makes positive every day but a vp grinder or card counter has those swings to the negative.
Different APs do it different ways. I'm talking about professional APs, at least. APs tend to have plenty of extra money to cover for their expenses. It's not like we're playing off of high 4-figure or low 5-figure bankrolls. What's $2k in monthly expenses when you have a $100k+ roll?
I usually deposit $5k to $15k in the bank whenever my checking account gets a little low.
If I offerred you 1.5-to-1 on a fair coin flip, your $100 to my $150, for as long as you wanted.....I'm gonna take a wild stab in the dark and say you're going to want to flip the coin as quickly as possible. Sure, you might lose $50 after the first three flips, but you'd be a fool to suggest you'd continue to lose another $5,000 over the next 300 flips.