Question for the BJ Bonus Whores...

[Talk2BigSteve]

I downloaded PlanetLuck casino today and made a $100 deposit with the $100 match bonus, I have been on the best streak I have had in years, and I am just flat betting $1 chips, I am now up to $300 exactly and I exited to post this question, I have about $1000 of the required 8X let to clear ($100 deposit, $100 Bonus X 8 = $1600 in required wagers).

The Question:

Should I keep flat betting???

As it stands right now I have my $100 deposit, my $100 bonus, and $100 in winnings for a total of $300. I do not want to drop below the $200 mark because that is my deposit and my bonus amount.

What should I do??? I am trying to build back up a good bankroll to play with, since I had to make a big withdrawl last month /images/graemlins/confused.gif that crippled my NeTeller account.

Big Steve /images/graemlins/cool.gif

[sfwusc]

keep flat beating what you started betting.

You choose to bet $1 a hand. finish the WR with it.

SFWUSC

[busguy]

The question is, "Do you feel lucky Punk ??"

Seriously though it's only $600 more to play. If you stay at $1 bets you'll likely finish around $300. If you bump it up to $2 or $5 you will play it off a lot faster but will also not likely finish close to the $300 mark.

So if your cool with taking the chance of finishing closer to $200 for the opportunity of ending up at $350 - $450 then bump it up. If $300 sounds good to the "rebuilding a bankroll" plan then grind out another 600 hands at $1.

Obviously wasn't telling anything you didn't already know . . .

good luck

busguy

For what it's worth . . . I'd bump it up.

[Yobz]

Finishing it off is profitable still.
If you quit now, you will get $200
If you finish it, you will have 300 - (1000 * 0.004) = $296 or something like that (assuming a .4% HA, not sure what planet luck's is, but its not too far off)

[Yobz]

[ QUOTE ]
For what it's worth . . . I'd bump it up.

[/ QUOTE ]

I would too, but I'm the guy who does $25 bets when clearing the intercasino monthly bonus (smaller bets aren't worth it, per hour)

[Uglyowl]

Not finishing it off would be a very dumb thing to do.

[keynes1900]

You have about 600 hands left to play at about a house advantage of approx 0.85% (assuming optimal play.) Keep playing because EV of remaining bonus = 100- 1000*(0.0085) = 92.5 -- hence if you're playing even sub-optimally you will add on to your profits by finishing the bonus. You can even up those flat bets to $2 if you want to clear it quicker (the variance will increase a bit but not too much), but don't ever start using a beting system because that's always a bad idea.

[Frequitude]

Enjoy the run and keep playing. Think of it now as a $200 bonus with a ~$1000 WR. /images/graemlins/cool.gif

If you want to "lock in" your gain, stick to $1 bets...although I guess it's not really "locking in" since you got there with them.

Happy Whoring.


Oh yeah, what I would do...I'd at least bump it up to $2 bets....only sqrt(2) times more risky, but 2 times as fast. (Is this correct?)



Edit: oh yeah, finish it off...no point burning a 96 dollar bill.

[Homer]

[ QUOTE ]
Should I keep flat betting???

[/ QUOTE ]

It sounds like you really need the cash and want to minimize variance, so yes, keep betting $1/hand.

[ QUOTE ]
As it stands right now I have my $100 deposit, my $100 bonus, and $100 in winnings for a total of $300. I do not want to drop below the $200 mark because that is my deposit and my bonus amount.

[/ QUOTE ]

Why is that such an important number? Money is money. All of the $300 is yours until the casino earns it back.

[Talk2BigSteve]

[ QUOTE ]
but don't ever start using a beting system because that's always a bad idea.


[/ QUOTE ]

Someone told me one time that if you play this way you will always have a profit...

Bet #1..................2 units if you win
Bet #2 and so on....1 unit until you lose a hand then go back to 2 units until you win a hand

They said that way you are alway locking up a profit. They figured it this way 2 units on Bet #1 yeilds 4 units on a win, Bet #2+ are 1 units, so after the Bet #1 win you have your 2 units back, 1 unit in profit, and 1 unit for the next bet.

I told them they were crazy, and that it sound like something John Patrick put in his BS Blackjack Books.

Who is right me or him???

Big Steve /images/graemlins/cool.gif

[waffle]

You are right. Those systems are bunk. There are only two things that matter: 1.) House Edge 2.) How much you have bet in aggregate

[Talk2BigSteve]

[ QUOTE ]
[ QUOTE ]
Should I keep flat betting???

[/ QUOTE ]

It sounds like you really need the cash and want to minimize variance, so yes, keep betting $1/hand.

[ QUOTE ]
As it stands right now I have my $100 deposit, my $100 bonus, and $100 in winnings for a total of $300. I do not want to drop below the $200 mark because that is my deposit and my bonus amount.

[/ QUOTE ]

Why is that such an important number? Money is money. All of the $300 is yours until the casino earns it back.

[/ QUOTE ]

$100 of the $300 is a bonus, they put in your account to play with, but you have to clear it before it is available to cash out. $200 is just an important number in the fact that it is nice that I am going to cash out over 100% profit for half a day's work.

Big Steve /images/graemlins/cool.gif

[eric5148]

Betting $1 a hand is a great way to get banned. Good luck.

[Talk2BigSteve]

[ QUOTE ]
I have about $1000 of the required 8X let to clear ($100 deposit, $100 Bonus X 8 = $1600 in required wagers).


[/ QUOTE ]

It is too late for me to change this typo by editing it....

IT SHOULD READ:

I have about $1000 of the required 8X left to clear ($100 deposit, $100 Bonus X 8 = $1600 in required wagers).

It is amazing what 1 letter can do...

Just imagine if you called one of the call centers in India and at the end of the long hold and horrible customer service you were told by the CSR reading their script Thank you, for our time! instead of for your time!

Big Steve /images/graemlins/cool.gif

[Talk2BigSteve]

[ QUOTE ]
Betting $1 a hand is a great way to get banned. Good luck.

[/ QUOTE ]

Is this true??? so now that I am up should I just bet $2 a hand and flat bet that???

Big Steve /images/graemlins/cool.gif

[bholdr]

personally, i never bet less than 25$, but if you're trying to protect/build your roll, safe small bets may be smarter.

[note that the EV is the same weather you bet 1$ or 50$ (actually, the bigger the bet, the higher the long term EV will be, but ignore that little tidbit for now) the things that change are your SD and ROR. if you're willing to accept more risk to finish faster and perhaps make more money, then, by all means, you should be betting larger, if not, stick to flat bets. ]


even if you're being really conservitive with your roll, i'd bet at least 1% of your balance per hand- in your case, 3$.

[bholdr]

[ QUOTE ]
You are right. Those systems are bunk. There are only two things that matter: 1.) House Edge 2.) How much you have bet in aggregate

[/ QUOTE ]

well... it's slightly more complicated than that. the higher the bet size, the higher the ROR and SD will be, eventually, the fact that busting out lowers your overall WR (over many casinos- think long term) impacts the EV.

betting systems are bunk, however. NO MARTINGALE, EVER.

[sfwusc]

[ QUOTE ]
Betting $1 a hand is a great way to get banned. Good luck.

[/ QUOTE ]

I cleared it way back with $1 and $2 bets. I havent been back. They deposit free money that I clear and withdraw. I havent been banned. that pretty tells them I whored them, yet they dont care.

SFWUSC

[bholdr]

[ QUOTE ]
Is this true??? so now that I am up should I just bet $2 a hand and flat bet that???

[/ QUOTE ]

ignore the chance of getting banned at starluck, planetluck, your first bonus at CoN, etc... it just doesn't happen.

there has been some good advice in this thread, but some bad advice, too. make sure that you search the relavant threads over at the bonuswhores forums, for the proper info.

[keynes1900]

Firstly, all betting systems will fail -- they cannot increase your EV, and will only adjust the distribution of your results across hands. Secondly, flat betting at Planetluck won't get you banned, and besdies they don't have any worthwhile reloads.

[Reef]

[ QUOTE ]
Betting $1 a hand is a great way to get banned. Good luck.

[/ QUOTE ]

not to mention ridiculously slow

[Homer]

[ QUOTE ]
Betting $1 a hand is a great way to get banned. Good luck.

[/ QUOTE ]

You're out of your element here. There is no way he is going to get banned from *luck/Pluck for betting $1/hand.

[Homer]

[ QUOTE ]
[ QUOTE ]
Betting $1 a hand is a great way to get banned. Good luck.

[/ QUOTE ]

Is this true??? so now that I am up should I just bet $2 a hand and flat bet that???

Big Steve /images/graemlins/cool.gif

[/ QUOTE ]

No, he's wrong.

[Homer]

betting systems are bunk, however. NO MARTINGALE, EVER.

Playing a bonus with Martingdale doesn't make it -EV, but it does increase SD/ROR (since your average bet size will be fairly high).

[Talk2BigSteve]

Well I had to finish $1600 in wagering to get my full cashout. I actually cleared $2,054 in total wagering.

I did some risky bets(no more than $25) but never went below the $250 mark and never quite reached the $500 mark either, and I finished right at the $400 mark with $5 and $10 bets and now I have to wait 24 hours to cashout the full $400 to NeTeller. $300 in one afternoon of bonus whoring is not bad for someone who normally plays .5/1 on Party /images/graemlins/grin.gif /images/graemlins/grin.gif /images/graemlins/grin.gif.

Big Steve /images/graemlins/cool.gif

[smoore]

You are a gambler! $25 bets clearing a bonus... geez. When I whore I bet the minimum over and over and over and over and over and over and over.....

sure, it takes a couple days (not hours) but I don't risk much. I have never been banned, I am welcome at Casino Rewards sites for bonii and I have whored a LOT of money from them.

when you build a nice bankroll check out the sticky bonii, they rock. You get to deposit $100 and then bet $200 on one blackjack hand (if you play it like I do)... then you go to $1/hand (if you win that one hand) until you clear the WR. I haven't been banned doing this either and it's an obvious whore move. Man, what a rush for a bluecollar guy like me... $200 on a hand of blackjack and I have POSITIVE EV. Yay.

[Talk2BigSteve]

Well I got bored with TV tonight, so I logged back on to PlanetLuck and convinced myself that $300 would still be good so let me play with $100.....

Well now I am up to $700 and think that $500 would be just as good to cash out with....

So now I have $200 to play with and I will keep you all updated!!!!

Big Steve /images/graemlins/cool.gif

[Talk2BigSteve]

http://www.geocities.com/talk2bigsteve/3rdUpdate.JPG

I had $995 and bet $5 and got a Blackjack!!!! $1002.50!!!!

And Still Going.....I can not believe I started this afternoon with a $100 deposit just to bonus whore here!!!!

Big Steve /images/graemlins/cool.gif

[pzhon]

[ QUOTE ]
Secondly, flat betting at Planetluck won't get you banned, and besdies they don't have any worthwhile reloads.

[/ QUOTE ]
Actually, they offer some nice reload bonuses to selected players, e.g., a $300 bonus with $10k WR. I'm not sure how I qualified, but it wasn't by flat-betting $1/hand.

[IggyWH]

I'd pull out now... you just had 1000% win so you did pretty well while being lucky. No since in wasting a bunch of that money if you hit a downswing, especially with your small roll.

[sfwusc]

Holy crap..

I thought I had a good day at the tables and whoring.

I lose.

SFWUSC

[Talk2BigSteve]

http://www.geocities.com/talk2bigsteve/4thUpdate.JPG

Go Big Steve GO!!!!

Big Steve /images/graemlins/cool.gif

[dengar]

holy jesus!

not bad for a days work.

[Talk2BigSteve]

Just hit $1500!!! Sorry no picture, my website is down for the next hour as per the host /images/graemlins/confused.gif

Big Steve /images/graemlins/cool.gif

[mmbt0ne]

Assuming this isn't Big-Steve-fools-2+2 day and I didn't get the memo, I suggest quitting ASAP. You just got rolled for 2/4, don't go blowing it on -EV games.

[fluff]

[ QUOTE ]
Just hit $1500!!! Sorry no picture, my website is down for the next hour as per the host /images/graemlins/confused.gif

Big Steve /images/graemlins/cool.gif

[/ QUOTE ]

Congratulations on your big win. I suggest you cash out, and perhaps never whore a casino again, because it seems you're lacking the discipline required.

After you finish the WR, every bet you make are just stupid -EV bets. At Starluck/Planetluck there is absolutely no good reason to continue wagering.

[awval999]

I was in your situation on Saturday night. At CoN, up to $795 with a $200 deposit.

I was flat betting $50 two hands at a time.

It doesnt seem real, I know, learn from my mistakes.
I lost all the "lucky" winnings and ended up at $404 and cashed out the bonus.

Quit while your ahead honestly, because it'll seem fun to bet $200, but not when the dealer hits blackjack twice in a row.

[Freakin]

I disagree. Someone turned off the -EV switch on BJ for the weekend. I'm up 3k already...

Freakin

[Talk2BigSteve]

http://www.geocities.com/talk2bigsteve/6thUpdate.JPG

Yes I should pull my money out, but I have set limits, just like I stated earlier. My loss limit is now $1500 if I drop to that I am gone. If I get to $2500, then my loss limit is $2000. etc.

Big Steve /images/graemlins/cool.gif

[Talk2BigSteve]

[ QUOTE ]
I was in your situation on Saturday night. At CoN, up to $795 with a $200 deposit.

I was flat betting $50 two hands at a time.

It doesnt seem real, I know, learn from my mistakes.
I lost all the "lucky" winnings and ended up at $404 and cashed out the bonus.

Quit while your ahead honestly, because it'll seem fun to bet $200, but not when the dealer hits blackjack twice in a row.

[/ QUOTE ]

The most I have bet is $50 a hand, if I had $795 my loss limit would be $500 and my goal would have been $1000, when I got to $1000 it would have been $750, now that I am at $2000 I have given myself a $500+/- for each level. Every $500 I hit I get up go smoke a cigarette and grab a glass of diet coke and sit back down.

Big Steve /images/graemlins/cool.gif

[splashpot]

I guess setting limits is fine...just as long as you understand that statistically you are losing money with every bet you make.

[IggyWH]

Am I the only one that both laughed and was disturbed at the subject line of this thread?

[Freakin]

[ QUOTE ]
Am I the only one that both laughed and was disturbed at the subject line of this thread?

[/ QUOTE ]

lmao, vnh, iggy.

Freakin

[Talk2BigSteve]

[ QUOTE ]
I guess setting limits is fine...just as long as you understand that statistically you are losing money with every bet you make.

[/ QUOTE ]

Yep I totally understand that I am in a -EV environment especially since it is a Dealer Hit Soft 17 game. That is part of the reason I have set limits. Now that I am at $2000 they are as follows:

$2000~~~>>> -$500
$2500~~~>>> -$500
$3000~~~>>> -$500
$3500~~~>>> -$500
$4000~~~>>> -$1000
$5000~~~GO THE [censored] HOME AND NEVER COME BACK!!!!!

Big Steve /images/graemlins/cool.gif

[Talk2BigSteve]

Not at all /images/graemlins/grin.gif I was like I am playing BJ not [censored] someone, Give me a break!!!

Big Steve /images/graemlins/cool.gif

[IggyWH]

Probably more amusing to me than others since I read the strip club story...

[awval999]

I hope you can stick to those limits...

It's real easy to try to Martingale your losses.

Good luck.

P.S. I still think you should cash out.

[Talk2BigSteve]

http://www.geocities.com/talk2bigsteve/7thUpdate.JPG

Woo Hoo Big Money No Whammys!!!!

Big Steve /images/graemlins/cool.gif

[mmbt0ne]

/images/graemlins/shocked.gif

[dengar]

What have your typical bets been since hitting 1000?

Also congrats again man.

[edfurlong]

Huh.

[Talk2BigSteve]

OK I am going to bed... The Highest I got was $3865 and then I dropped down to $3500 and I made one Max Bet of $200 and lost that. So I am done with $3300 for the day and I am cashing out. It was fun!!!

Big Steve /images/graemlins/cool.gif

[steaknshake925]

holy [censored]

[edfurlong]

I see bad things in your future.

[Talk2BigSteve]

Why is that??? I have already hit the cashout button I left $300 on the site and am taking $3000 to Neteller.

Big Steve /images/graemlins/cool.gif

[uw_madtown]

[ QUOTE ]
Why is that??? I have already hit the cashout button I left $300 on the site and am taking $3000 to Neteller.

Big Steve /images/graemlins/cool.gif

[/ QUOTE ]

As long as you stick to this, you're fine. If you lose that $300 and redeposit, I too see bad things...

[Frequitude]

Sweet Jesus. Now I see how this thread grew so big over night...and I thought I was happy popping my whoring cherry at CON with +$250 in game play before bonuses. This is unreal...

congratufukinlations! Happy whoring. Hit up those stickies now!!! No $100/$30 bonuses for you!

[Talk2BigSteve]

[ QUOTE ]
What have your typical bets been since hitting 1000?

Also congrats again man.

[/ QUOTE ]

After hitting $1000 my bets were anywhere from $10 to $50 and if I got to $50 and hit a BJ and then also won the next hand, I would do 1 bet for $75.

Big Steve /images/graemlins/cool.gif

[Hojglad]

Holy [censored]. Wow. That is incredible. Go buy a lottery ticket. Oh, btw, don't be surprised if you lose like 600BB doing your next poker bonus.

[Delphin]

[ QUOTE ]
Talk2BigSteve
addict

Reged: 10/03/04
Posts: 556
Loc: Meridian, MS, Exit Stage Right...

[/ QUOTE ]

Congrats on the win. I thought I was lucky when I finished my planetluck bonus at +$50 on top of the +$100 bonus.

FWIW, my strategy for clearing BJ bonuses is to increase my bet amount when I'm up by a certain amount. I start with $1 and if I go up $20 then I increase to $2, if I am up $50 I increase to $5, etc. If I end up even again I go back to $1 bets. The main reason I do this is that I don't want to play 1600 hands if I can avoid it.

[Homer]

[ QUOTE ]
I disagree. Someone turned off the -EV switch on BJ for the weekend. I'm up 3k already...

[/ QUOTE ]

I broke even, including CoN happy hours and many others that I won't mention here (I'm sure you know which ones I'm talking about). /images/graemlins/frown.gif

[smoore]

In f'ing credible. 'grats.

[TxBuckeye]

[ QUOTE ]
You have about 600 hands left to play at about a house advantage of approx 0.85% (assuming optimal play.)

[/ QUOTE ]
Where do you get .85% at BJ? It should be around .50% using optimal strategy.

[Talk2BigSteve]

OK the cashout for $3K just hit my Neteller account, I am having them send me a check for $2K and I am keeping $1K there for Poker Bonii whoring, which I need because I still think I suck at poker even with a 1.76BB/100 win rate over 50K hands at .5/1 at Party, I know it is good to be in the black but I also know I should have at least double that winrate at .5/1 IMHO and the opinion of others.

I want to be the first to admit that what I did last night was EXTREMELY FOOLISH!!!!!

Regardless of the fact that I had a $3200 profit for the day, I know better than to go crazy like that on blackjack, I live 30 minutes from the closest casino. I have friends that have lost everything trying to do what I did last night at the local B&M.

I said in an earlier post that if I had reach $5000 I would have quit, but honestly I do not know that I would have, because then $7500 would have looked good and so on, and that is not the attitude I need to have towards gambling. Poker is a Skill!.....8 deck BJ, Dealer Hits Soft 17, Surrender, Double after Split, Deck shuffled after 10% penatration, is definately not SKILL!

To all those that said I should quit or pull out, I should have listen then, I had more of a chance of ending with $0 than I did of ending with $3300, I was lucky, nothing more than that.

Thanks for trying to look out for me, you do not know how much I appreciate it.

I am taking some time off for the month of May to spend some of this money but more importantly to rethink what it is I want out of poker and gambling, I know last night was blackjack, but Risky and Foolish, are not 2 words I want to describe my poker game, I also don't want to make shitty calls just because of the I have a slim chance to win this hand, but if I lose I still have all this blackjack money!! mentality /images/graemlins/confused.gif. I will pop back on here occasionally but it will not be a daily thing like it has been here lately.

I really need some time to think.

Thank you.

Big Steve /images/graemlins/cool.gif

[Nomad84]

FWIW, just winning the $100 in $600 of wagering at $1/hand was about a 1 in 10,000 event (around 3.8 sigma, I believe). I think you are probably making a good move in taking a few days off to get over the big win. If you do more casinos in the future, you're best plan of action is to flat bet the whole way. If you can afford to bet $200 on a single hand (I suspect you really can't) then you can afford to flat bet higher than $1, but pick a bet size and stick to it. I started at $2/hand for my first few bonuses. After I built up a little bit of a bankroll, I went up to $5. Now, I bet $10/hand. I will probably stay at $10 for a while since it still gives me $100+ hourly rates. I don't know what is the best bet size for you, but since you just won over $3k, $5/hand should be a very safe number. Just pick a bet that you are comfortable with and stick to it. And don't play past the WR. Good luck! (as if you need it...)

[handsome]

[ QUOTE ]

Congratulations on your big win. I suggest you cash out, and perhaps never whore a casino again, because it seems you're lacking the discipline required.

After you finish the WR, every bet you make are just stupid -EV bets. At Starluck/Planetluck there is absolutely no good reason to continue wagering.

[/ QUOTE ]

Big Steve, you are a complete and utter idiot. But congrats.

[axioma]

"Well I got bored with TV tonight, so I logged back on to PlanetLuck and convinced myself that $300 would still be good so let me play with $100....."

and people question how sites make any money from the bonuses they offer...