Saturday, April 19, 2008

Stick with 50:50 percent gains or losses


Let's face it...a lot of money management tips are hard to remember, especially in the heat of battle. So, the best is the simplest strategy. Quit gambling when you are double or halved your bankroll for each game. Gather at least an outline of what you want to play and how much you want to proportionate to each games. If you are scared of poker tables, but you want to play, then plan to devote just a slice of your bankroll to the game. But if you decide to wager more on the poker tables, then plan to wager less on another game.

Whatever you do, keep your overall bankroll the same, no matter how you decide to divide it. And then play the games as much as you like until you have won or lost 50 percent of that original bankroll. Just count the bankroll not what you win from the house. For example if you come in with $200 to spend on the blackjack tables, then play till you have won approx $300 or you are reduced to $100. Then walk away, come back later or the next day. If you go back to blackjack, then play the new $300 like it was $200. Put that extra +$100 into your pocket! If you were not so lucky, play the $100 like its $100 because that was what left of your original bankroll.

Keep going that way. If you double your money during at least one session of play, then at most you lose is $100. If you come out ahead a few times, then you are a winner. If you lose everyday, then the most you lost is $200, the amount you decided in advance you could lose, if lady luck decides not to grace her presence. It's a simple strategy, easier said than done, but using this then gambling will be fun, win or lose. Always remember : if gambling stops being fun, then stop gambling!

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