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You
should always go into a session against the casino
with the attitude that you are going to come out
ahead. The session stake is merely a loss limit,
or the maximum amount that you will lose if the
session turns sour. However, the best way to insure
that you won't lose that entire session steak is
to create "parameters of play" for any
given session. These parameters of play could be
time limits ("I will play for three hours,
and then win, lose, or draw, I'll quit playing"),
or monetary limits ("I will play until I lose
$500 or win $200"), or a combination of both
("I will play three hours or until I win $200
or lose $500whichever comes first").
The next step is to decide what your betting level
will be. Obviously, if Mr. Garner were to bet $100
per decision, no matter what game he was playing,
he would stand a good chance of losing his $500
session stake in short order. If he wanted to spend
some time at the game, he would have to bet in such
a way that no single bet could hurt him too much.
At the conclusion of this chapter you'll find a
money management proportional betting chart for
most of the current casino games. This chart is
based on Frank Scoblete's Guerrilla Gambling: How
to Beat the Casinos at Their Own Games. By betting
only a small proportional amount of your session
stake on any given decision, you assure yourself
of some staying power during a session. we believe
that most people go to a casino to enjoy at least
several hours of gaming fun. To guarantee yourself
that time, you must bet in proportion to your session
stake.
Perhaps the best advice we can give a player about
deciding when to leave a session is this-never leave
while you are winning. Say you were considering
quitting a session after winning $200. But you find
that you not only won that $200 in short order,
but the last decision has put you over that mark.
You haven't been playing very long, but should you
get up and go? I would say no. Stay, take a small
amount of that $200-plus win-say $50-and play with
that. You might find that you keep winning, which
is great! You might find that the game that you're
playing has cooled off, and you lose it. Now is
the time to quit.
Why is this our advice for those who wish to put
a monetary limit on a session? Because we believe
absolutely in limiting one's losses with an absolute
loss-limit (the session stake) but we don't believe
you should limit your potential for a big win. A
win limit should be somewhat flexible to allow for
a potential economic killing.
If you have been playing several hours and the game
has gone back and forth, and you find yourself ahead
$200-yes, the time has probably come to call it
a session. However, if you're hit with good luck
fast, this might be your big night! we'd take the
gamble by playing with a small amount of my early
win.
Employing proper money management techniques can
enhance your fun and increase your chances for profit.
Never go to a casino and "wing it." The
best players always go with a predetermined plan-it's
mind over chance. Employ techniques described in
this site and there's a good chance you'll come
home a winner.
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