| Be smart, play smart, learn the right way
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| | winning session, then what? Sit at the
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| to play craps!
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| | bar drinking beer watching everyone else
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| I've read a lot of my colleagues' books
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| | have fun at the craps table? No way! Like
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| and articles and, as best I can remember,
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| | you, I'm a knowledgeable player who
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| they all say that failing to set win/loss
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| | understands and accepts that I'm likely
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| limits is one of the worst things you can
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| | to lose by the time I check out of the
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| do. I disagree--partially.
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| | hotel, but that's okay with me. It's
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| I agree with setting loss limits. Divide
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| | pointless for me to quit after getting
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| your vacation time into sessions and set
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| | $900 ahead. If money were my motivation,
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| firm loss limits for each session.
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| | I wouldn't have spent $1,200 for two
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| Without them, you could go broke the
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| | airplane tickets to Vegas, $700 for a
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| first day and have to spend the rest of
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| | hotel room, $500 (maybe more) for food,
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| your Vegas vacation watching the
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| | $500 for my wife's massages, and $1,000
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| fountains and sinking pirate ship 10
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| | (probably more) for my wife's shopping
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| times a day. Therefore, disciplined loss
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| | spree. It doesn't add up. If all I care
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| limits allow you to manage your money so
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| | about is money, I would have saved tons
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| you don't go broke before it's time to go
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| | of it by staying home. As long as I'm
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| home.
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| | winning, I'm playing. The only time I
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| I disagree that you should also always
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| | stop is after I've lost my buy-in money
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| set win limits ("always" is the key
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| | for a particular session. Then, when it's
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| word). Many of my colleagues advocate
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| | time to start the next session, I drop
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| quitting when your winning streak ends.
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| | another buy-in allotment on the table and
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| If you're a local and can return to the
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| | start having fun again.
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| table day after day without restriction,
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| | However, win limits may be suitable for
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| then perhaps win limits may serve some
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| | non-gamblers who rarely play. Suppose you
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| purpose. But if you're an occasional
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| | visit Vegas to attend a convention.
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| gambler who visits Vegas twice a year, I
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| | You've never gambled, you don't know how
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| believe that win limits are generally
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| | to gamble, you think it's a silly waste
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| inappropriate.
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| | of money, or it just isn't fun for you.
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| Suppose you start your four-day vacation
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| | Your friend talks you into going down to
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| by playing your first craps session.
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| | the casino to play craps. You don't want
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| Suppose your win/loss goal is to quit the
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| | to go, but your friend won't take no for
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| session if you lose your $100 buy-in or
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| | an answer, so you reluctantly say, "Okay,
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| if you get $150 ahead. Two minutes after
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| | but only for an hour." Your friend has
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| you buy-in, the table goes berserk with a
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| | the mojo working in high gear, rolling
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| blistering hot roll. The shooter throws
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| | number after number. You don't have a
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| for almost an hour without a 7-out. You
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| | clue what you're doing as you mirror your
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| interrupt your screaming, jumping up and
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| | friend's bets. All you know is that the
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| down, hugging, and kissing to count your
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| | dealer keeps giving you green chips and
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| chips. Holy cow, you're $900 ahead! The
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| | you keep stuffing them in your pocket.
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| shooter finally rolls a 7-out. Now what?
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| | The streak finally ends after 20 minutes
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| You've won six times your original win
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| | and you find yourself $300 ahead. You
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| goal. Do you quit? If so, how long do you
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| | tell your friend, "I'm taking my money
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| quit? Do you quit altogether and not play
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| | and running." Rather than staying for the
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| the rest of your trip? If you quit, what
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| | remainder of the hour that you said you'd
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| will you do in the time that you planned
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| | play, you reached a comfortable win
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| to play craps?
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| | amount and decided to quit before losing
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| That's the dilemma you face if you're
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| | it all. For this type of non gambler, a
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| only an occasional gambler, which most of
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| | win limit makes good sense.
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| us are. Personally, I keep playing. Why?
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| | If you don't want to lose your shirt, you
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| I came to Vegas to play craps. I didn't
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| | must learn the secret to craps. Don't
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| come to exercise in fancy spas, or go
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| | fall for bogus winning systems or
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| shopping, or sight-see, or eat at fancy
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| | ridiculous dice-setting claims. Be smart.
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| restaurants, or look at boring water
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| | Play smart. Learn the secret to craps.
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| fountains, or ogle half-naked pirates, or
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| | Now you know! Remember, learn the right
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| do anything else but gamble. So, why quit
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| | way to play craps.
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| when I'm ahead? If I quit after a $900
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|
