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
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
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