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Managing Money

Everything you bet is real money and anything in front of you is your money - don't forget!

Even the most cynical gambler is still betting against the house edge.
Everything about the atmosphere in the casino is designed to part you from your money. There are no clocks to remind you how much time you're wasting, there is an endless supply of alcohol to confuse your judgement, you play with chips which seem deceptively unlike real money, and all paths lead to the casino and anything else is difficult to find.

The successful gambler must not be fooled by these distractions. Everything you bet is real money and anything in front of you is your money. Even the most cynical gambler is still betting against the house edge. Long term you just can't win. The objective of gambling should be to have fun and to stretch the bankroll as far as possible.

There are numerous ways to betting money. If you don't want to deviate far from your starting point then I would recommend flat betting. If you want a high probability of a modest win, at the cost of occasional big losses, then you should bet more after each loss until you win. If you want the opposite, an occasional big win at the cost of many small loses, then you should bet more after each win until you lose.

For those who sometimes lose too much and later regret their actions some self-constraints may be in order. I would suggest setting a specific loss point in these cases, for example $200.

Gambling is something that is easily abused in excess, so take it in moderation.

Enjoy!