Dear
Mark,
My goal when I play craps is to win $1,000 with a
$100 buy-in. Do you feel this is impractical? Skip
R.
Bellying up to a crap
table with $100 and expecting to win $1,000 is, at
best, unrealistic. Personally, I believe it’s
downright wacky. Odds-on you will lose your C-note
long before you win a grand.
Skip, you need to set reasonable win goals, like 50%
of your original stake, not 1000% on your money. Far
too many players keep upping the ante on what they
want to win. This columnist recommends having predetermined
loss limits and “realistic” win goals.
It takes internal fortitude
to take a small win and run. I’m not asking
you to quit while you are on an eventful winning
streak, but true winners know how to quit when they
are ahead. They don’t risk it all to achieve
too lofty a reward.
Dear Mark,
Is there a specific time when a gambler should get
up and walk away from a table when winning? Wayne
D.
The two hardest times
to leave a casino are when you’re ahead or
when you’re behind. That, Wayne, is why all
gamblers should set loss limits and win goals. Though
your question lacked precise information, like how
much you bet, how long, which games, where, etc.,
setting specific win goals such as doubling your
money, AND STICKING TO THEM, is the correct money
management strategy when it comes to bidding your
farewells.
