"House's Money"
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House's Money...You hear this term a lot in the casino, but just when is it House's money and when is it yours ? Not long ago a player at the table was ahead about $50.
He had 7-7 and the dealer had a face. He said "I probably shouldn't do this", But...and he split them.
He lost both hands and just smiled and said, "Oh well, it was House's money". Once you place a bet in the betting circle and the first card hits the table, that bet is in Limbo. It is no longer yours, as you can't pick it up and it is not yet the casinos. Now if you win that bet, is it "your" money or do you consider it "house's" money ? Or is it all just semantics. Do you play more
"loose" when you are ahead ? Use the "casinos money" to get more of, the casinos money.....
Think about it and reply. You will not be graded. Just interested in what you think. :wink: -
Good question, Midnite. I don't see the dealers setting aside the bets the House wins in some special section called "Players' Money". When I'm ahead, I'm aware of how much, but I consider every one of those chips mine. Nobody's going to stop me if I scoop them all up and take them to the cage to cash out. And just because I'm ahead is no reason to do something boneheaded like splitting 7's against 10 up. But it can be the comfort zone for placing larger bets.
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That is why I use a strong betting progression and do away with all that "Oooo0ooooOh! I feel "luckY" this hand, why dont I bet my entire $1000 winnings the next hand?!" bull.... Noncounters who do that have no idea \/\/haD
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Any money I win from the house, on a session per session basis, goes home with me. In my usual progression, ie not counting, I bring enough money to play a certain number of sessions (this is just for convienence Fred, I know its all one big session :wink:), I risk that sessions money and when I reach a certain win goal, that win money AND the original session stake go in my left pocket to go home. Of course when I hit a certain loss limit, which is the session stake itself, there is no money to put in my pocket. When I start a new session I get a new session stake out of the right pocket and start over. I see this as a money mangement technique in that without counting you are playing at an inherent disadvantage so you have to have some element of control to stay out of blackjack tilt and lose everything. When I'm through playing I can quickly see how I did for the day because I know how many session stakes I bought and the difference between that and the total in my left pocket is my win or loss for the day. Once it goes in my left pocket it is going home, period.
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Desert Dog said:Good question, Midnite. I don't see the dealers setting aside the bets the House wins in some special section called "Players' Money". When I'm ahead, I'm aware of how much, but I consider every one of those chips mine. Nobody's going to stop me if I scoop them all up and take them to the cage to cash out. And just because I'm ahead is no reason to do something boneheaded like splitting 7's against 10 up. But it can be the comfort zone for placing larger bets.
My feelings exactly. Once the chips are on my side of the table, it's MY money, not the house's money. Sometimes I'll up my average bet if I'm winning (like go to a $25 min. table - I'd play them all the time if I had the bankroll for it), but that's the only deviation I'll make. I certainly wouldn't ever do stupid things with the $ just because it's winnings and not money I brought with me. -
It is sad to see someone call thier own money, "houses money". a friend of mine does this, and I cant get it through his thick skull that he should be using the expression "my winnings" to keep the thought process on the right track. However, one day in Vegas, he was up and I was down, and I played on his ingorance and got him to buy me a nice meal and other things :wink: using the "houses money". 8)
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Same as many others. I never use my winnings to play stupid. But, perhaps because I am new a progression and simple counting player, I will up my bets when the time is right AND I am winning. When I'm at even money or losing I stick to minimum bets and straight basic strategy.
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I will up my bets when the time is right AND I am winning. When I'm at even money or losing I stick to minimum bets and straight basic strategy
Never bad to be a little conservative, D, but when the -right time- arrives, that shoe went from a small house advantage to YOUR advantage, you should capitalize. I went through the same thing, and I found it helped give me confidence in my "simpler methods" combined with strict BS of course, if I made mental note of when it was the "right time," and what my results were by the end of that right time. -
Jedi, this Padawon hopes the force will be with her more often than not!
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hehehhh, funny D. Would you like to burrow C3PO? he keeps count on 6 tables at the same time! :lol:
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To me if the money is in front of me on the table or even in my pocket it is my money. Never the house's money. When I win it it becomes mine. I continue playing the same way I always do.
Charles
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