Part 2 is now available for your viewing pleasure!
This time, I took my winnings to the felt and tried to run it up a little more, while also protecting the winnings. Those of you who have read my prior writings know that I absolutely hate being up big and then losing it all.
Before I hit the craps table, I mentally ramped myself down by playing small-medium stakes blackjack. If you ever find that you’re unable to dial down your betting after making large bets, sometimes it’s helpful to step away for a little bit (maybe go eat lunch, dinner or have a snack), then play another game and bet smaller.
This was my plan of attack at the craps table:
- Stop-loss if my winnings dropped to $20,000
- Stop at win of $40,000
- Push win to $50,000, depending on my mood
Stop and don’t read if you don’t want to know the result…
I ran the bankroll to over $40,000 relatively quickly. You’ll see how I did it in the video.
After I ran it up to my goal, I contemplated trying to run it to $50,000 because I had that goal in mind while I was eating dinner. However, it’s one thing to make a plan, it’s another to execute. As I looked at the chips and counted them, I thought to myself, I already an up ‘this much’, an extra $10,000 win would be less meaningful to me than a $10,000 loss.
Als0, since I was up $40,000 at that point, if the dice ran cold, my stop-loss at $20,000 meant that I already gave myself psychological permission to continue playing to $20,000. So in my mind, I was risking a $10,000 gain against a very probable and realistic $20,000 dump back to the table.
When playing a highly volatile game, as I was playing, luck can turn on a dime. So, I decided to pack up my winnings and played low stakes blackjack at the Golden Nugget in Lake Charles.
I spent the next two days playing blackjack at the Golden Nugget, where I won $860. At one time, I was up $1800+ playing blackjack (not including the BJ win at Isle of Capri), but then on the last day I hit a shoe from hell. I won two hands in the entire shoe, and there were times the deck became ten rich, which caused me to increase me bet.
On the final blackjack hand, I was up around $1100, and I had a set a loss limit of $1000 on my win. The deck was 10 rich, meaning it was in my favor, so I bet out $125. I received a split hand and ended up losing both hands, bringing me below my stop-loss.
I took my remaining $860 of the $1800 and tipped the dealer $60 for the day’s entertainment. Sometimes, even when the odds are in your favor, the gambling gods do not cooperate.
Overall, it was a hella fun and profitable trip.
On a side note, in the video, you will see an example of how the put bet, after it’s made, is no different from come+odds. Near the end, I take down my odds, but the flat is contracted to stay up.