Originally Posted by LarryS View Post
Ok just a mental exersize.....what is the difference between(and please dont tell me you cant fit 100k in your wallet...because thats not the point)

1- you walk into a casino with 100k in your wallet,and plan to have a lloss limit of 12k.

2- you walk into the casino with 8k cash and have 4 k available via atm as needed...... and you cannot lose more than 12k by your prior arrangement off what you bring coupled with what you can extract from an ATM;

in the second example arent you preplaning a loss limit by determining how much you bring, and knowing how much an atm will give you.

isnt the result of 1 and 2 exactly the same? Except in number 1...if u have poor discipline you can lose alot more.
No it isn't. May seem the same. Maybe even the effect is the same. But one is a compromise position based on safety concerns (carrying funds) and one is a voodoo 'wisdom' that goes against, AP mathematics.

The compromise 'safety' thing is actually complicated in my situation because I utilize a chip inventory as some casinos in my rotation. There have been times I actually have enough funds (by number), but don't actually have nothing useful at casino xyz that I am heading to next. That is a "chip inventory" management failure. It's happened a few times, but my "chip inventory manager" has gotten better as time has gone on.