Your Casino Bankroll

All it takes is a complete realization that every single solitary decision is based on the money you have to gamble.

 

Read that sentence again ‑ 10 times. I\'m not telling you to hock the family jewels and play above your means. I\'m telling you to play within the boundaries of the amount of money you bring to battle.

 

Your Bankroll could be $5000, $1000, $500, $200 or $50. Whatever the amount ‑ it keys your every decision for that day.

  This is how you start:   1. Set amount of your win goal   2. Set amount of your loss limit   3. Set the size of your bets   4. Decide what table minimum you should compete at 5. Decide what to tip the cocktail waitress  

The first 4 of the above are based on the amount you bring to the casino. The last one is based on how you must want to impress the lovely lady who strikes your fancy, but that\'s another story. From now on you will abide by the following regula­tions:

  a. Never bet down to your last dollar   b. Have a pre‑set win goal set up in your mind   c. Play at the lowest minimum table that coincides with your bankroll  

d. Never ‑ ever ‑ leave the casino a loser on the days when you get ahead an amount which is a decent percentage of your star­ting bankroll.

 

All of these explanations will be laid out in detail in the sections on Bankroll, Money Management and Discipline. Right now just zero in on the thought that whatever your bankroll, all monetary decisions will have been automatically set up, based on that amount.

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