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| by julia | July 24, 2007
There is one major financial benefit from teaming up with other Blackjack casino players. When two or more players combine their bankrolls, with the agreement that the team will share all wins and mutually absorb all losses, then each member of the team may size his bets as if the team bankroll were his alone. When more than one player works from a common bankroll, the effect on fluctuation is the same as if one player were simply playing that many more hands.
Team members should not play at the same table, unless absolutely necessary, such as for a depth-charging strategy. If team members play at the same table, then they all must size their bets the same as if one player were playing multiple simultaneous hands, and won't reap the full benefit of their combined bankrolls.
If you join a team, you must trust the other guys, and you should all test and drill each other. Never team up with a Blackjack online casino player whose abilities or honesty you question.
Accounting
All financial considerations must be worked out, on paper, before you start playing. Dividing wins and losses can be difficult when various team members contribute different amounts of money to the team bankroll, play this or that many hours, sometimes at different stakes, and win and lose Diffenet amount of money To keep the bookkeeping simple, you would be wise to separate each player's contributions according to investment in the team bank, hours played, and win/loss record.
Say you have a six-member team, with three members making no contribution, two members contributing $5,000 each, and one member contributing $10,000. On one ledger, list each player's bankroll contribution. Small teams usually agree that investors as a whole will receive about 50% of the total team win. If the team doubles its $20,000 bank, then automatically 50%, or $10,000, would be divided proportionately among the three contributors to the team bankroll. The contributor who put in twice as much money would take twice as much of the investors' share of the win.
If the team were to suffer a $10,000 loss, these three bankroll contributors would have to absorb the entire loss, in proportion to their respective contributions. It is because these team members are putting their personal money at risk that they enjoy such a sizable proportion of the win. On teams with banks in excess of $250,000, the investment share is usually more than 50%. There is no precise formula; each team negotiates an arrangement that seems fair to all involved.
A second ledger is kept with the total hours played by each player.
The time contribution is usually worth between 25 and 50% of the team's win. If the team wins $20,000, that will be divided up according to how many hours each team member played. You may have a six-member team, where one member contributes to the bankroll but does not play, while five members play various numbers of hours. In this case, only those who put in time at the tables would take a portion of that money, equal to the proportion of total team hours each member spent at the tables.
A third ledger records the total wins and losses of each individual player. The personal win contribution of all Blackjack players is worth the remaining percentage of the total win. Players who have logged a net loss would take none of this share based on individual win. Those players who have won money for the team divide up their portions of the total win based on what they personally won. Some teams either reward nor penalize players for wins/losses, considering these short-term results due more to statistical fluctuations than skill. They worry about losing good players who may abandon a team once they are personally too far in the red to be likely to benefit from a win share. Other teams feel it is always good to reward winners, as this may encourage players to strive for excellence.
Team members should not play at the same table, unless absolutely necessary, such as for a depth-charging strategy. If team members play at the same table, then they all must size their bets the same as if one player were playing multiple simultaneous hands, and won't reap the full benefit of their combined bankrolls.
If you join a team, you must trust the other guys, and you should all test and drill each other. Never team up with a Blackjack online casino player whose abilities or honesty you question.
Accounting
All financial considerations must be worked out, on paper, before you start playing. Dividing wins and losses can be difficult when various team members contribute different amounts of money to the team bankroll, play this or that many hours, sometimes at different stakes, and win and lose Diffenet amount of money To keep the bookkeeping simple, you would be wise to separate each player's contributions according to investment in the team bank, hours played, and win/loss record.
Say you have a six-member team, with three members making no contribution, two members contributing $5,000 each, and one member contributing $10,000. On one ledger, list each player's bankroll contribution. Small teams usually agree that investors as a whole will receive about 50% of the total team win. If the team doubles its $20,000 bank, then automatically 50%, or $10,000, would be divided proportionately among the three contributors to the team bankroll. The contributor who put in twice as much money would take twice as much of the investors' share of the win.
If the team were to suffer a $10,000 loss, these three bankroll contributors would have to absorb the entire loss, in proportion to their respective contributions. It is because these team members are putting their personal money at risk that they enjoy such a sizable proportion of the win. On teams with banks in excess of $250,000, the investment share is usually more than 50%. There is no precise formula; each team negotiates an arrangement that seems fair to all involved.
A second ledger is kept with the total hours played by each player.
The time contribution is usually worth between 25 and 50% of the team's win. If the team wins $20,000, that will be divided up according to how many hours each team member played. You may have a six-member team, where one member contributes to the bankroll but does not play, while five members play various numbers of hours. In this case, only those who put in time at the tables would take a portion of that money, equal to the proportion of total team hours each member spent at the tables.
A third ledger records the total wins and losses of each individual player. The personal win contribution of all Blackjack players is worth the remaining percentage of the total win. Players who have logged a net loss would take none of this share based on individual win. Those players who have won money for the team divide up their portions of the total win based on what they personally won. Some teams either reward nor penalize players for wins/losses, considering these short-term results due more to statistical fluctuations than skill. They worry about losing good players who may abandon a team once they are personally too far in the red to be likely to benefit from a win share. Other teams feel it is always good to reward winners, as this may encourage players to strive for excellence.
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