Craps Money Management
Money management is an integral part of any
successful gambling method, and this goes for craps as well. First
of all, you should never play with money you can't afford to lose,
or that would cause you financial or emotional discomfort if you
lost it. Gambling should be a fun thing, and exciting, but it can't
be that if you're too emotionally involved. If that's the case, do
something else, but don't gamble.
But, if you can handle the action, then
divide your bankroll by fifty and that should be your unit for
betting purposes. In other words, if you bring $50 to the table,
don't bet more than $1 as your basic unit. With $100, this means $2
bets. Only if you have at least $250 should you be betting $5 at a
time.
This is conservative, but will allow you to
stay at a craps table for a long time, and may allow you to catch a
hot roll, if you're a right player, or a long cold table, if you're
betting wrong.
Try to double your money, and if you do
that, quit. That's a good win in craps. If you can't do that, and
you find you're winning $50 when you brought $100 to the table, and
it's choppy, going nowhere, leave. Another good time to leave is at
the end of a hot roll, if you're a right bettor. Hot rolls don't
come often.
Or, conversely, if you're betting wrong,
and the dice are ice cold, with only craps and point numbers coming
out on the come-out, and then 7s killing the point numbers time
after time, leave when the dice start to turn, when 7s and 11s begin
to show on the come-out and a point is repeated.
What if you're losing? Set a limit to your
losses. The best way is to play with a bankroll you can afford to
lose in that session of play. If you lose your one-session bankroll,
leave the table. Above all, don't reach in for money after you've
lost what you had in the rails.
The first loss is the cheapest. There'll be
other games, other times. There'll always be time for more action at
craps. Don't make the mistake of taking a terrible loss at one
table. That's not the way smart gamblers handle losses.
Leave a winner if possible. A small win is
better than any loss. You can't go wrong leaving a winner, remember
that. Let's win!
Think you are ready to play?
