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Managing Yor Bankroll in Craps

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Regardless of what game you are playing, being able to manage your money is a vital skill when you are gambling. The number one rule is that you should never bet more than you can afford to lose. The number two rule is don’t bet any money that would cause you to feel distressed if you lost it. This depends on your personality. Some people can have thousands of dollars and still be distressed if they lose twenty. Others might be able to bet all but enough to cover their basic bills and still not give it another thought.

When you are gambling, your goal should be to have a good time. If it is not fun, you shouldn’t be doing it. When deciding how much you should bet, think about how much a fun evening is worth to you. If you don’t make any money at all gambling, how much is the evening worth to you?

Once you have decided how much money to bring with you to the casino, you need to decide how much to bet at one time. The easiest way to do this is to divide your entire bankroll by fifty. For example, if your bankroll is $100, you shouldn’t bet more than $2 at a time. If you want to make $5 bets, you need at least $250.

That will give you enough money to survive a dry spell or catch a hot roll. If you are able to double your money, you’re doing great. Once you do, you should quit. If you’re a right bettor and there’s a hot roll, you should leave once it ends. They don’t come along often, so that’s a good time to stop for the night.

The opposite is true if you are betting wrong. If there is a cold spell, you should leave the table when the cold spell ends.

You should always set a loss limit before you go into a casino. Decide how much you can afford to lose, and stick to that limit. Never dip into money that was not designated in advance for gambling. Once you have lost the money you had set aside for playing, it’s time to leave the casino. You can always play again another day.
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