Money Managment

Be alert during winning streaks. Dealers are trained to “color up” or give high-value chips to winning players. The object is to induce the player to make larger bets on the next hand or next round. During the game players sometimes forget the true value of their chips.

Coloring up at the Wrong Time – Casino Dealers trying to trick you!

Later, when a session is over they realize how high some of their bets were. but then it is too late. Always remember that chips represent cold, hard cash, and not play money. So don’t let them color you up if you don’t want it.

Learning Casino Money Management

Managing your money is one of the most important factors in online gambling and real world gambling strategy. Prior to each casino gambling session you should figure out what your betting unit will be and at what point you will quit. Your betting unit should generally be about 1% of your entire bankroll if you are a passive gambler and up to 2% if you intend on being a more agressive gambler.
slots money management
Planning ahead and choosing your win and loss limit will keep you from losing frequently and keep you walking away with a bigger bankroll more consistantly. Make sure your win and loss limits are reasonable and are firm, don’t alter them once you have begun, this usually leads to disaster. Once you have reached either limit you need to get up and walk away; don’t think that maybe the next hand will be your lucky break.

It is imperative that you walk away once you have reached your win goal, the next hand could start a downward spiral that could lose all your winnings. Keep this point in your head as it is the most important. “It is better to walk away a little winner than a big loser.”

Tipping Casino Dealers

Blackjack dealers depend on tips or tokes as a big part of their salary. The mechanics of tipping are easy. We can either push a chip over to the dealer or we can place a bet for them. The second method is considered best. We tip by placing a bet in front of our own bet. If we win the hand, the dealer also wins and they get twice the amount for a tip. If we lose the hand the tip goes into the rack along with our bet. However, the dealer will still appreciated our action and will usually acknowledge it with a “thanks for the try” type comment. The tipping method will help change the psychology of the game. It is now you and the dealer against the house. We should find the game more enjoyable and maybe even get some helpful hints from the dealer instead of cold silence.

How to Tip at Casinos

When tipping dealers at blackjack, baccarat, roulette or craps you can make a bet for them without considering table minimums. If the table minimum is $5 you can still place a one-dollar dealer tip-bet. Just put the tip-bet in a special place, depending on the game, or announce “this is for the dealer(s)” and then place the tip-bet wherever you want, again depending on the game.

When is it Time to Double your Bets at the Casinos

“Double up to catch up.” How many times have be heard that expression? Over the years we have come to believe that maybe the casinos made up that saying. Think about it. Their idea (the casinos) is to put up more money when we are losing! I don’t think that is the best way to win at blackjack or any other game in the casino. What we do when we find ourselves playing against a cold deck or shoe is to reduce our bet to the lowest possible amount and wait. Then, when thee deck changes and it starts to get “hot” for us we increase our bet. When we’re ahead we “double up,” not the other way around.

Staying in the Game

You can be a great blackjack card counter, but if you get barred, all that knowledge is wasted. To help prevent getting thrown out consider the following. Don’t play for more then one hour in any one casino. Don’t jump your bets after a win; let it ride and double the next bet. Then double again if the count continues to go up. Try not to be the biggest bettor at the table. Sit in a seat that gives you a direct view of the table without moving your head. Never leave the square in front of you empty. Smile! Don’t look so serious that you attract the attention of management. Try to fit in with the crowd as just another tourist. The main idea is never to attract attention to yourself. Work on your game and work on staying in the game.

Record Keeping

When playing blackjack, or any other game for that matter, try and keep records of your visits. Recording the casino, shift, number of players and number of decks used in blackjack. For slots record the number of the machine players, amount of time played and amount of coins you started with. The amount won or lost will help you plan future trips. You might be surprised to find your records might state you have won over the long haul when you thought you lost at that specific casino. The records will help analyze your game. It might tell you how you do in a single or shoe games. It might reinforce that some casino slots are losers then others. Review this data before each trip and see if it doesn’t help.

Leaving the Casino a Winner

When playing blackjack or any other casino game, you should establish a “stop-loss” method to your money management system. This is similar to a Wall Street stock investor. Say you bought a stock at $25 that moved up to $35. You tell your stock broker to sell if it drops back to $30. What you have done is put in a stop-loss order. Then if the stock does go down the broker will automatically sell at $30. You should do the same thing with your winnings. Weather it is blackjack, craps, roulette, or even online slots, the same principle applies. For example, you are ahead with $500 after starting with $250 and you set a stop-loss at $400. If you start to lose you stop playing altogether at $400. This will allow you to leave with a profit instead of giving it all back to the house.

Progressive Casino Betting

Correct money management will improve your overall casino betting results, so notice should be taken of the professional betting systems and strategies below.

You will find a couple that you like but before you put them into practice for real money, we suggest you visit one of the online casino’s to try it out for free and be sure you are happy with the results prior to gambling.

  • “Martingale” – the simplest and widest-used systems, and one you may already have heard of or used in the past. Begin your session with a fixed bet and whenever you lose, double your bet. Continue your doubling until you win a hand and you will recoup all lost bets in one hand. Then begin again with your initial fixed bet. There are two problems with this system; You need a large pot of money in case your losing streak is a long one; Casino’s have a wager limit (the maximum bet) that will stop a player increasing their bets indefinitely
  • “Reverse Martingale” – simply the reverse of the above system. Begin your session with a fixed bet and whenever you win, double your bet.
  • “D’Alembert” – named after the eighteenth century theorist Jean d’Alembert. He reasoned that if a fair coin landed on heads for a long run, that tails was more probable. In his system, you raise your bet by a fixed amount if you lose and lower it by a fixed amount, if you win. It may look like this in practice: bet 1, lose and bet 2, win and bet 1, lose and bet 2, lose and bet 3, lose again, bet 4, win, bet 3, ad infinitum.
  • “Reverse D’Alembert” – the reverse of the “D’Alembert” system. This system adds or subtracts a fixed sum depending on whether the previous bet was a win or loss. Adds the sum for a winner and subtracts the sum for a loser.

Begin with an initial fixed bet. Each time you win your wager you will increase the current bet by that initial amount. Every time you lose you will bet the current amount minus the initial fixed bet. As long as you are winning you will continue to raise your bets and when you start losing you will bet the same bets but in a descending order.