There
are many controversies in casino gaming, including which
games to play, how to play them, and for how long they
should be played. There are so many "gaming experts"
out there-geniuses, liars, madmen (depends on who you
talk to)-that it is a wonder that the casino industry
keeps making such enormous profits.
There is also the oldest of gaming controversies concerning
whether you should risk your money on the vicissitudes
of fortune. Should the tax-paying citizens of our wonderful
country be allowed to risk their money on games of chance?
People and politicians have lined up on either side
of this controversy. Since you're reading this book,
there's a good chance that you've philosophically decided:
It's our money! We can do what we want with it.
You might be a more aggressive and less cowardly player
than we are. The fear of losing a large portion of your
bankroll during a short period of play may not upset
you as much as it does me. Perhaps you have nerves of
steel. If this is the case, your money management principles
may differ greatly from mine.
However, we believe that more people are on the conservative
side than are on the nerves-of-steel side of the temperament
scale. Most people see those gaming chips for what they
are-money-often hard-earned, that could be lost on the
next roll of the dice, the next flip of the card, or
the next pull of the handle.
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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