Maybe I think of it in those terms because I only have the
opportunity to hit the casinos 2 or 3 times a year. So I budget a
set amount for each of those trips and fully prepare to lose it in
the name of entertainment. So while it is all my money, if the
casino has been kind enough to add to my initial money during a trip,
I will take more risk, while as my money starts to dwindle I may get
more conservative to make it last the duration of the trip. But in
the first instance I may still be saying to myself (or my friends)
that I'm trying the $5 VP with a few Bennies since I'm playing with
the house money!
My only point to this was that when people say it's always a mistake
to think of it as the casino's money, I disagree. There are times
when thinking that way can really represent something else (a larger
bankroll for a defined period of time) that allows you to rationally
change the way you play. Not exactly the same thing as pissing away
your profits just since it is "house money", as long as the house
edge on the games you're playing doesn't change.
>
> I know what you're saying, but in some situations I like to think
of
> betting my winnings as playing with the house money. For
example,
> let's say I have $500 to play with that needs to last the day.
My
> goals are to make the $500 last and have a shot at a big win
(which
I
> might define as several thousand - which is why I'm attracted to
VP
> in the first place). So let's say that early on I hit a royal
> playing quarters for $1000. Now that I'm playing with the
casino's
> money I may step up in denomination and play a $2 machine or some
STP
> or multistrike with some of the profit to go for that "big" win.
So
> while I understand that it is now my money, the fact that it is
> profit means I see it as having a bigger bankroll and having the
> chance to take more risk in a quest for more reward.
>
> SteveIn looking at the overall picture your move to "step up in
denomination" is still being based on your overall bankroll.But if you view it as the "casino's money", when would it become
yours? And if you had immediately gone home after hitting the royal
and returned a week later, are you still playing with the casino's
money?It seems prudent (in a game of risk, which is ironic) to assess
your
funds as always being your money. You then determine what and how
to
play accordingly. If you hit an early royal, as in your example,
your
personal bankroll has increased. That's the determining factor in
what you choose to do next. As far as I'm concerned, the casino
where
you won exited being a part of that equation after you were paid.
After all, over the course of the year there will no doubt be
plenty
···
--- In vpFREE@yahoogroups.com, "mikeymic" <mikeymic@...> wrote:
--- In vpFREE@yahoogroups.com, "larsonsm" <larsonsm@> wrote:
of back and forth anyway.