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Setting Craps Gambling Limits

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.

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More Columns By Mark Pilarski
Have a question? Ask Mark pilarski@markpilarski.com

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