Patience is a Virtue
Staying disciplined will help you win
Let’s forget about making any New Year’s resolutions. Let’s call it a change in overall philosophy.
New Year’s resolutions are associated with whims and fantasies. Those of us who are challenged at the waistline pledge to cut out the donuts and lose weight. That lasts about a week; two if we’re lucky.
But managing our investments at the casino doesn’t have to be a cavalier promise. Instead, it’s serious business that could have an impact on the bottom line for years to come.
CONSERVING YOUR BANK ROLL
Consistency is a much better approach than waiting for that hot run at the blackjack table or hoping the next shooter is the one who goes on the roll at the crap table.
Play conservatively by dividing your bankroll - the amount you bring into the casino - into three different sessions. Whether that amount is $300 or $3,000 depends on what you can afford to lose. By dividing your bankroll into three separate session amounts, you can maximize your play and be in a position to take advantage when a table gets hot.
If you have a $300 session (one-third) of your bank roll, you should never wager more than 10 percent of what you have in any one hand. That does not mean you can’t increase your bet. Your wagering amount goes up as you win - but it never increases when you lose.
That’s probably just the opposite of the way you play when at the table. Many players lose their discipline when things start to go the wrong way. They want to “double-up and catch-up” even if they logically understand the right way to play.
We are here to tell you once again that patience is one of the greatest gambling virtues there is. If you hit a cold streak, take your money and walk away for 15 minutes. There’s no law against leaving the table without losing all your money.
Then come back and try again. Keep your bankroll in mind and don’t reach for that plastic in your wallet. Stay patient and just wait for the tide to turn.
Comments
This article will help many gamblers. The only thing I would ad is have a Winners Bank200 to help you stay disciplined.
The Winners Bank200 was featured in The Playbook's Market Place section back in their first issue (September 2007).
http://www.theplaybookpub.com/marketplace/2007/09/winnersbank200/
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