Here are some more great card counting questions (and answers) I wanted to share with you guys. Remember, get involved on the forum, as that’s the best way to network with other card counters!
Q1: Should My Friend and I Team Up?
Hi I recently started practicing card counting about 3 months ago with a good friend of mine. We are starting to feel confident enough to go to the casino but we are not sure how to manage our bankroll. Would it be better to combine our money or have separate bankrolls?
Do you and your friend trust each other completely? I mean, do you trust each other’s honesty and integrity, playing ability, decision making, ability to bet properly (even when losing or getting heat), etc? If not, don’t consider combining bankrolls. If YES, then it might be worth talking about what it would look like to partner. I would try something out first, like pooling your money and each playing 50 hours (at separate tables, obviously), then reevaluating if it’s working out well or not.
In regards to how much money to bring, I would bring at least 20 big bets to a casino. The more money you bring, though, the less likely you will be to run out of money if you hit a losing streak. But before you bet any serious money, I would play at least 20-50 hours with a “training bankroll”, where you’re betting much smaller as you get comfortable playing in a casino.You don’t want to play the same table (unless it’s just for practice, to see if you both have the same running count). Other than that, playing tables with better rules or penetration are preferable.
Q2: How Large of a Bankroll Do I Need?
One very important question: My goal is to make $500 per day or more. What kind of bankroll requirement do I need to clear this, assuming a 5-6 day per week. $2500-3000 per week?
First off, you can’t just go out there and win $500/day. All you can do is generate EV. Some days you win, somedays you lose. But, let’s say you want to generate $500 in EV in a 6 hour day, you’d need to generate roughly $80/hr of EV. If you were playing at 10% Risk of Ruin (which is as high as I’d recommend for someone trying to play fulltime), you’d need a $20K bankroll*. I know that sounds like a lot of money, but you’re talking about trying to make $10K/month, so it would take some capitol. *Better yet would be if you had $30K, so you could keep RoR at 3-4%.
The beauty of card counting is that you can start relatively small, and if you don’t spend the money, you can grow your bankroll into something that you can make serious money with. You just need to perfect the craft and have patience. *And if you anyone still thinks card counting will get you rich instantly
, read my post about it here
. So if you’re growing a bankroll, be patient, perfect your game, and enjoy having the advantage. It might sound insurmountable, but we grew six-figure bankrolls from only a couple thousand dollars, as have many others out there.
Q3: Why do I Tend to Lose Big at High Counts?
I been noticing though that when the count gets high, I’m losing at my top bet which therefore is wiping out my bankroll.
Those high counts are when you are going to win big and lose big. Let’s say that your top bet is out at a true 5. Remember, the count goes up about .5% per true count, so at a true 5, you have about a 2% advantage. So even though you should win more hands at a true 5 over the long haul, you’re still going to lose 48% of the time. There will be times when you’re slowly winning at low counts, then you lose a couple big bets that wipe out your winnings. Other times, you’ll be slowly losing, then you win a few big bets that make up for those losses. But regardless, you have to trust the math, bet accordingly, and not get nearsighted.
One thing I can’t fail to mention is that this is all assuming you are playing, counting, and betting perfectly. We’ve taught loads of people how to play perfect blackjack, but it doesn’t happen overnight. And it doesn’t happen without training like a jedi! So before you blame the system or blame it on bad luck, make sure YOU’RE not the problem!
Author: Colin Jones