They honestly believe they are supposed to lose in a casino. That's because they never learned to win. Think of all the times you went to a casino and were ahead two or three hundred dollars. You believe it is your lucky day, and want to cash in big! Victory dulls your thinking and you start increasing your bets, and turn into a different player. You reason that you are playing with the casino's money, so why not splurge? Well, throw out that theory!
When you win, it's your money. It doesn't belong to the casino anymore. What causes this sudden switch in tactics? This sudden increase in betting? Money! You now have more money sitting in front of you, and you lose all control.
Remember the emphasis I placed on the bankroll? I said the whole day started with the percentage of win placed on the amount of money you brought to battle. I suggested the decision of how much you wanted to win was based on your starting cache. That is why you make the decision early. It eliminates the chance you will make crazy bets when you are caught up in the excitement of the game.
Money does funny things to people. So does the lack of it. I firmly believe people gamble out of need. Needs differ in amounts, but the ultimate purpose is the same. That is why so many of my lectures are devoted to making people aware of the proper first steps to winning.
Senior citizens I teach are very easy to convince. They want extra dollars to provide them with luxuries they normally can't afford. Their bankrolls are usually small. So they are easy to convince that to go for small percentage returns on a consistent basis is the proper approach.
Many of them begin with $200 as their bankroll. And it is a scared $200. They are terrified at the thought of losing. That is why they are receptive to control tactics. You've seen players with $100 chips and stacks of $25 chips and it is very easy to be jealous. Some of these players bet amounts on a single hand that you would be content to win for the entire day.
But their method of betting is so slipshod and erratic that the bankroll they possess, though quite large, is not enough to make them win automatically. They don't know how to use their money wisely.
When I ask people how much they would be content to win on a given day, they say they don't have any idea. I get the same answer when I ask what their loss limit is. People tell me they never thought about it.
Well, if you are fortunate to have a big bankroll, you have the beginning of what could be a succession of winning days.
Treat that bankroll with great respect. As long as, you have a bankroll, you will be able to compete, to stay in the game. Since I stress the importance of the bankroll, I also give you methods to protect it.
First of all, you don't want to lose the bulk of your bankroll at the first table, so you split it into tree separate and equal sessions. A session consists of one third of your starting bankroll. Always divide your starting capital into these separate sessions. If you take $600 to the casino, each session will begin with $200. If you bring $900, each session will be $300. If $300 is all you can afford, then $100 is the amount of each session. Take an average figure of $600. That is the amount that best fits the $5 bettor, which most people are.
After splitting the $600 into three sessions, you make your way to the first table with $200. The remaining $400 is kept aside.
You don't have to guess what value table to sit at. The bankroll tells you. To sit at any table, the preferred amount to have is 40 times the minimum bet allowed. So, for a $5 table, this would be $200 which, multiplied by three sessions, translates into a $600 starting bankroll. The smallest amount you can take to a table is 30 times the minimum bet. That's $150 for a $5 table, and $450 for the starting bankroll.
Anything less than 30 times the table minimum is unacceptable for a session. Ever see the guy who brings a $10 bill to the $5 table? Where is he going? He either gets enough to play sensibly, or doesn't play at all. This guy is trying to hold down his losses, but chances are he'll get wiped out. The small amount of playing money will soon cause him to play scared and affect his Basic Strategy moves.
If you visit the casino with a $300 bankroll, your sessions will consist of $100 each. Since that is only 20 times the amount of a $5 minimum bet, the $5 table is not for you. You must go to a $3 table. If there is none available, go to another casino if you can't find an empty seat at one of the $3 tables, don't play. It's that simple.
These rules apply to all players. If you want to play at a $10 table, you should have $400 per session, and $1,200 overall.
|
TABLE
MINIMUM
|
SUGGESTED
SESSION
|
ACCEPTABLE
SESSION
|
SUGGESTED
BANKROLL
|
ACCEPTABLE
BANKROLL
|
|
$3.00
|
$120 (40x)
|
$90 (30x)
|
$360
|
$270
|
|
$5.00
|
$200 (4ox)
|
$150 (30x)
|
$600
|
$450
|
|
$10.00
|
W (40x)
|
$300 (30x)
|
$1200
|
$900
|
|
$25.00
|
$1000 (40x)
|
$750 (30x)
|
$3000
|
$2250
|
|
$100-00
|
$4000 (40x)
|
$3000 (30x)
|
$12000
|
$9000
|
If you don't have the minimum bankroll, wait until you do before going to a casino. Your sessions must consist of no less than 30 times the table minimum.
Many people ask me if it is acceptable to bring $200to a casino, and only play two sessions. It is impossible for them to scrape together the additional amount.
I tell them if they play only two sessions, they are depriving themselves of an extra session. Often, it takes until this third session to find a hot table. You are bending the rules because of a personal drawback. If you don't have all of the BIG 4‑don't play.
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