There are a number of ways for a player to begin building up his/her initial bankroll. He/she may save every extra dollar/euro/pound and so on, which he/she expects to receive. He/she may start a second job or come to an agreement with his/her boss to work overtime for additional pay. There may be someone who has a trust in him/her and may want to share the risk for a portion of the profit. People, who intend to make a contribution to someone’s initial bankroll, need to be aware of the high risk such an investment carries and that losses could occur at any time. On the other hand, a player may trust in his/her own luck and make a small initial deposit. History has shown that players who started with a few hundred dollars, eventually managed to bolster their bankroll to several tens of thousands.
The case with partnerships
In order to build up an initial bankroll, a player may enter a partnership. Such an effort offers the advantage of using a joint bankroll. With such a bankroll, one is able to play to the same level of risk with two players as he/she would do with one. This way a player is able to participate in a larger number of hands within a shorter time stretch than he/she would do, if he/she played all by himself/herself.
However, if partners are to get the most out of their joint bankroll, they need to attend different blackjack tables. If they play at one and the same table, they will be exposed to a higher risk than if they play separately. Beside that partners need to have some skill in their play and to be familiar with proper game selection, their effort must be based on trust.
In case a player enters a partnership with another person, it is not strictly necessary for that person to know the art of card counting. That person may simply observe the player’s game from a distance and join in as soon as he/she receives a prearranged signal from the player, which would mean the count has become favorable. He/she may play using a predetermined bet until the player provides him/her with a signal that the count is not in their favor. Let us not forget that all these actions must be taken in a way, which will not generate suspicion among the pit crew at the casino.
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What about team play?
If a player intends to join a particular team, he/she is required to have a bit of experience in playing and card counting. In case he/she is completely unfamiliar with blackjack practice, he/she will probably not know where to find a team. Among the most proper ways for one to introduce himself/herself to people who are in charge of team management is to join a specialized forum on the web. As soon as he/she has earned some trust and has learnt about some of the teams, the player may take it a step further and arrange to meet some of the members of that forum.
A player, willing to join a particular team, will usually encounter stern entry standards. He/she may expect to be tested, so that his/her skill level is determined. The player will probably be asked to sign an agreement, in which a variety of conditions are named, including the methods of payment and the specific types of games he/she is expected to take part in. In case the player indeed manages to join a team, he/she will be under constant suspicion until he/she proves that he/she is trustworthy.
One method of building up a bankroll a player should avoid at all costs – going into debt with a banking institution or other type of credit entity, or borrowing money from relatives and friends.
Securing the trip bankroll
Risk of ruin may also include prospects such as bankroll theft and bankroll confiscation by legal authorities.
Card counters, by necessity, carry not that large amount of cash. For example, a trip bankroll may be as large as a few thousand US dollars. But even amounts such as these can be quite a hit for a pickpocket. Thus, in order to protect himself/herself from theft, one needs to take certain measures.
In order to safeguard his/her bankroll against theft, one may use traveler’s checks during his/her travel to a particular gambling location. However, he/she needs to keep in mind that upon arrival he/she may be requested to show his/her ID at the cashier cage to cash the check. If one does not wish to be recognized as a card counter, he/she will probably keep his/her identity private. In addition, after the check has been cashed, one will again find himself/herself in possession of plenty of cash.
Risk of Ruin and Standard Deviation
Building up and Securing the Bankroll
Approaches Utilized by a Card Counter
Making a Proper Selection of a Game
Appropriate Games
To avoid having that much cash on himself/herself during a travel, a player may arrange for a line of credit with the particular casino before the trip. In this case he/she will be requested to fill in a credit application and subject his/her bank accounts to review.
In case one makes up his/her mind to travel with cash and plans a stay at a hotel, then using a safe-deposit box is recommended. In most of the cases, a player can arrange such a matter at the cashier’s cage or at the front desk. One should keep most of the cash in the safe-deposit box and have on him/her just a sufficient amount for a short-term play session.
One should also keep in mind that potential thieves may, at times, inhabit the area around the cashier’s cage, lying in wait for somebody to cash in a large amount of chips or coins. In case a player has to take a large amount of cash out of the cage, he/she should not leave the casino premises at once. Instead, he/she may drink a cup of aromatic coffee, or have a meal, or simply pay a visit to the restroom. This way he/she is more likely to discourage thieves to wait for him/her to leave the establishment, while at the same time, they are more likely to focus on the next potential ”target”.
In case a player has driven himself/herself to the casino, he/she should use valet parking. There is no guarantee that someone will not try to mug him/her even in locations as lit as Las Vegas and especially in parking garages.
Some resourceful players have come up with the idea to carry a so called ”give-up wallet”. It is just a decoy wallet, where one should put several dollars, perhaps a few photos and a few expired credit cards, which have been axed in half and put in the slots in a way that only the top half is visible. This way, if pickpocketed, the player can give up the decoy wallet and keep the genuine one.
Legal confiscation of cash is another possibility. Legal authorities in the US are quite vigilant of suspicious individuals (drug dealers or even terrorists), who tend to be in possession of huge amounts of cash. Anyone who is carrying cash amounts equal to or exceeding USD 10 000 is a subject to legal confiscation of his/her money by US authorities. If that has been the case, the player may have to endure heavy legal fees, in order to get back what has been confiscated.
A possible solution to the above mentioned matter is to carry traveler’s checks or to wire money ahead.
