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Old 04-08-2014, 10:21 AM
 
322 posts, read 565,130 times
Reputation: 314
OP, I've been a professional advantage player for many, many years. To second & third what some of the others have already said, it clearly would be a huge mistake for you to move to LV and attempt to become a full time pro in your current situation. From your posts it is clear to us with experience and understanding of advantage play that it is a virtual certainty you will go bust if you attempt such a career move now. I'm sorry to be a Debbie Downer, but it is what it is.

First, you simply do not understand the math/statistics needed to be a professional AP. For example, we know that from your presenting a recently win streak as evidence of your ability to play a winning game that you do not understand standard deviation and variance. The results you expressed are far too small of a sample size to be meaningful to any significant degree of certainty.

Second, $20k is not near enough bankroll to go full time pro. The fact that you want to attempt going pro with only a $20k bankroll is further evidence that you don't understand the math and the statistical amount of risk involved. That simply is not enough to assure you can ride out a losing streak, which is certain to occur at some point, and yet allow for enough betting to generate sufficient earnings over a long run avg for a decent living. I'm not sure if this applies to your particular case, but a common related mistake many make is that they claim to have say $20k in bankroll, but what they really mean is that they have $20k cash on hand. If you have to pay living expenses out of that, you don't actually have $20k available as bankroll for gambling. Another mistake is some will say they have $20k in bankroll, and start betting accordingly, but then panic to the point of abandoning the original plan once they have lost say $10-15K of the original. If you aren't prepared and willing to lose the entire $20k without a flinch, then you aren't playing with a $20k bankroll even though that may be the cash you have on hand. If you can't handle the emotions and are going bail out or substantially change/limit your play after losing say $15k of the $20k due to those emotions, then mathematically you actually have a $15k bankroll. Also it's easy to say "I'm going to stick to the plan all the way to the end" in the beginning, but it's completely different to stick it out once the pressure hits. I've seen many failures by people that honestly thought they could handle the pressure, and you may not know if you can handle the pressure until you are actually in that situation.

Lastly, and perhaps most importantly, is your admitted lack of self discipline. Highly successful APs do not get emotional over big losses (or wins), or at least are able to keep their emotions under control to the point that it does not change their play. You admit losing discipline and "chasing" losses. APs understand the edge they have, the amount of variance to expect, and the amount of bankroll they need to play within a known amount of risk they are willing to accept. They play like robots no matter how much they have recently won or lost in the short run. They only care about making good bets, and are completely uncaring about the actual outcomes of those individual bets.

Professional AP can be a great career for many, but if you want to give it a go, you really need to learn more about statistics/math, build a bigger bankroll, and work on your self control/emotions before you attempt going pro. Having a bigger bankroll will likely help on being able to emotionally withstand the losing streaks as well as financially withstanding them.
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Old 04-08-2014, 02:42 PM
 
Location: Under a bridge
2,420 posts, read 3,847,289 times
Reputation: 2496
Quote:
Originally Posted by ramkobe View Post
I do stop by Primm often when I'm too tired to drive to Vegas. But it's a dump and the employees suck. But hey they give me free room and meals so not all that bad.
The casinos at state line are certainly not as nice and busy as the casinos on the strip and Whiskey Pete's IMO is the worst of the three. Of the three I prefer Buffalo Bill's. I like the 1800s/Western/mining theme. Anyway, the reason my friend goes to Primm is to bet and he's comfortable there. It works for him. For others it may not.

-Cheers.
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Old 04-09-2014, 12:05 AM
 
861 posts, read 1,335,242 times
Reputation: 941
I dropped $1000 tonight.

I am feeling depressed and thinking about betting $2000 next to get it all back.

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Old 04-09-2014, 06:34 AM
 
9,855 posts, read 10,409,326 times
Reputation: 2881
Quote:
Originally Posted by ramkobe View Post
I dropped $1000 tonight.

I am feeling depressed and thinking about betting $2000 next to get it all back.

That's a good plan.........said no one ever.
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Old 04-09-2014, 07:11 AM
 
2,180 posts, read 4,535,283 times
Reputation: 1087
martingale would be proud.
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Old 04-09-2014, 09:46 AM
 
11,175 posts, read 16,008,375 times
Reputation: 29925
Given the OP's other posts in this forum, I'm amazed that anyone takes anything he writes seriously.
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Old 04-09-2014, 09:51 AM
 
3,598 posts, read 4,946,956 times
Reputation: 3169
This kid has problems that can't be fixed here.
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Old 04-09-2014, 10:08 AM
 
322 posts, read 565,130 times
Reputation: 314
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Old 04-09-2014, 10:37 AM
 
2,180 posts, read 4,535,283 times
Reputation: 1087
I think it was a way for someone to drag out the degens and expose them.
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Old 04-09-2014, 02:35 PM
 
15,822 posts, read 14,463,105 times
Reputation: 11892
The mere fact that you're thinking like that means that you don't think like a pro. A pro knows the statistics, has a strategy, translates the strategy to a plan, and sticks to the plan. The fact that a particular bet, or even set of bets, didn't work out, doesn't change anything. They also wouldn't get emotionally invested.

You need to think a lot more about what you're doing.

Quote:
Originally Posted by ramkobe View Post
I dropped $1000 tonight.

I am feeling depressed and thinking about betting $2000 next to get it all back.

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