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Money management

We hear how important it is to manage our bankroll when we go to a casino. Just what are some of the things we should do. Here are 10 simple rules you should follow to help you manage your funds:

  1. Budget your gambling funds for the entire trip, for each day and for each session.
  2. Gamble only with money you can afford to lose.
  3. Decide how much you want to spend during your gambling session. Don’t exceed your limit if you lose.
  4. Set a winning goal.
  5. When on a winning streak, increase your bets, when you’re losing, decrease your bets.
  6. Don’t play when tired or had too much to drink.
  7. Play at levels you can afford. Your bankroll should be sufficient to cover 20 bets.
  8. Keep gambling expectations reasonable. Don’t expect to make $1,000, if you start with a $100.
  9. After reviewing five consecutive plays, decide to continue or leave.

(10) Have fun, and try to quit while you’re ahead.

John Marchel's World of Casino Gambling