Systems Forum: 10/28/08

Junket King's Screen Shot - with his explanation:

What you are looking at is the summary sheet fromWin Craps.

The important stuff, as to money, is all onthe left.

First, I always start with a zero balance. That way I am sure to notice the draw downs in stark reality. At the top we see the total rolls and setting it for 55 rolls an hour it tells me how long at a real craps table this should simulate. At a busy table that number could be high but the Casino Manager's Handbook has it over 100 RPH.

Next, on the left, we see Bankroll. It shows how high I got, what my worst draw down was and it computes an average. TheAverage is useless to me.

Next comes the important part."Total number of..." Bets decided = bets which I had working and which weredecided while they worked. In the attached graphic it shows I had a deficit of -193. That's how many bets I lost vs. won. Not impressive, is it? But I was betting box numbers and only one can win at a time. When the 7 shows, all working bets get wiped out. That would be 4-5-6 locations with whatever dollar amount was on each.

Next we have "total amount of..." This is where we see how well a progression can work. Everything is in dollars. You can see that I wagered a total of $15,808. I won $10,024 and lost $8,507. Total net gain is $1517. Now we can divide the hours into the total win and calculatethat I made $63.74 per hour in this instance. What it doesn't show is that when I started I was getting hammered and my $ per hour was hovering at $28-$35 and I was ready to quit. Probably would have it if were a live table. Bottom line is while my bet wins were far exceeded by losses that by applying a progression allowed me to finish in profit.

The draw down (Bankroll: Low) in red - shows the risk I took. That's how much I would have had to dip into my buy-in. Since I use a hefty BR when playing live (or at least hefty to some low rollers) the risk (volatility in this case) is fully acceptable or within normal parameters. It takes money to make money.

Gambling is a business to some of us and we have to structure it like same. The graphic also is centered around a very conservative method. Call it a grind. Were I to use triple my normal BR, my earnings in dollars and the $ per table hour would soar. A larger BR would also allow me to play a bit looser. That would be a plus and a faster earner.

Junket King

Thanks Junket King for the Picture AND the Story.