A Load of Craps

A Load of Craps

As admirer of casinos know, getting an edge at the craps table is extremely difficult. Indeed, without the help of lady luck, you’ll be donating a lot of money to the casino in the long run.
That doesn’t mean that you can’t fill your coffers in the short-term with some careful financial planning. By far the most sensible way of tackling the craps table is to implement a stop/loss and, importantly, a stop/win procedure.

In an effort to preserve your precious bankroll you should aim to quit the game when you’ve lost a maximum of 50% of your bankroll. In practice this would mean that if yourinitial funds totalled $1,000, you’d need to walk away from the table if you lost $500.

Taking this concept further, it’s possible to generate a stop/loss strategy based on your starting capital and the number of games you plan to play. Thus, if you have $1,000 to spare and five sessions to play, you could allow yourself a loss limit of $200 per session. Getting this number is simply a case of dividing $1,000 by 5.

If the gods happen to be smiling down upon you and the dice are rolling your way, it’s important to know when to stop. Just because you’ve won the last 10 rolls it doesn’t mean you’re going to keep on winning. Indeed, numerous players in the past have given back all their profits because they didn’t know when to quit.

To prevent this from happening, you should be prepared to walk away with your pockets full of casino chips when yourprofitsrepresent between 10% and 50% of your starting stake. Thus, if you started with $1,000 you’d need to head for the bar when you’ve won between $100 and $500.

Beating craps isn’t easy but if you follow these strict financial guidelines you can certainly make your gambling horizons a little brighter.