Save Your Money

CINDY: We just took a look on Sunday at saving money while you play, a truly conservative money-management system that helps you actually create a bank you can take with you after you finish a session; whether you win or lose that session.

ABBY: Now, all games are different. Some games give one-to-one payouts on certain bets and some games will give more than one-to-one and some games will have many different types of rather large payouts.

CINDY: But in each you can reduce the hit on your bankroll by using a few very simple methods.

ABBY: What we want for our play is something very simple. We don’t want to lose everything we bring with us to the casino. We know that as a casino player you win some and lose some but the devastating loss, those trips that are ultimate and total losses, are emotionally crippling for many players. They have been for me, that’s for sure.

CINDY: Now to craps, a truly exciting game. You have a legion of craps bets you can make. The great thing about craps is the excitement you get during many sessions, except for one thing – most of the bets offered are not so hot. The house edges are big, bigger, and ridiculous.

ABBY: Payouts can be large but the irony is this; you pay for the payouts by losing far more money on them over time than you do on the better bets. Make a pass-line bet and back it with odds and you have a decent chance of coming out ahead. Bet on the hardways or on those one-roll bets and you are asking for wipe-out time if things go south. And things will go south many times.

CINDY: We recommend that you only make the pass-line bet, the come bet or placing the 6 or 8 as the only bets you make as a rightside bettor. For pass line or come bets try to get the odds as high as you can afford since this is a good bet in the scheme of things.

ABBY: When you finish a decision and it is a win, you place the entire win in your “bank.” This is now considered saved money. That bank is not touched for the rest of the game or trip.

CINDY: A “decision” is the final amount you have once the shooter sevens-out. If you were betting $100 and you are up $150 at the seven-out, you take that $50 and bank it. You lost the original $100 but you have a $50 profit and that profit is now yours to keep. It is not bet again during the rest of your session.

ABBY: In fact, bring enough money with you so that any win after a seven-out means you will never go home broke. You may have a losing trip but it can never be devastating.

CINDY: You can apply this formula to blackjack and just about all the other games. You bank your wins and not touch that money. This “bank” is yours to take home and will be used on future trips.

ABBY: Now, in all games, if you suffer three losses in a row, you sit out two or three decisions or go to another table. The idea here is to stop a long losing streak. Does sitting out some decisions or moving to another table actually do this? No. These games are random but stepping away from the action gives you time to get settled emotionally. Once settled, you go back and apply this formula again.

CINDY: Now, yes, you could sit out two or three rounds and (bam!) those rounds hit the numbers or out come the cards you wanted, but that’s the way it is. Sitting out at this table also means you are sitting out on every game being played in the casino at that moment.

ABBY: It is a truism in casino playing that things go back and forth. We can’t escape that but we want to reduce the “zapper” and be a bug in an electric field.

This article is provided by the Frank Scoblete Network. Melissa A. Kaplan is the network's managing editor. If you would like to use this article on your website, please contact Casino City Press, the exclusive web syndication outlet for the Frank Scoblete Network. To contact Frank, please e-mail him at fscobe@optonline.net.