Money Management is a term that is bantered about in the Gambling Industry, but is largely misunderstood. The concept is very popular in trading, and has found its way into the arsenals of sports bettors.
Here’s a bold statement: Money Management Can’t Help You! You say, “You must be kidding! I’m sure that’s the concept of money management.” Really? Let me ask you these questions: Will Money Management Make a Winning Out of a Winning Proposition? Will Money Management Turn into a Positive One? Will MM make a smart wager out of a sucker bet? link vào cmd368
These questions are NO! If you’re placing a losing bet, MM will make you a winner! All casino games are designed to make you a loser in the long run … ALL of them. So, if you could use the common MM strategies perfectly, you might be able to last a little longer, but you’ll still lose the long run. Let me take this one step further … What if you were to enter the Gamblers’ Utopia; “The First Zero-Advantage Casino”? You’ve Found A Casino That Has Removed The House Benefits Of The Games. Now, what would MM do for you? Nothing … you’d only break even in the long run!
So, what good is MM? You’ll be able to play longer! And assuming you don’t alter your optimum play, you’ll therefore get more comps! The best advice I can give you about MM is this: Open a bank account for your gambling bankroll. Putting as much money into it as you can without putting ANY strain on your life. Continuing putting money into the account on a monthly basis. After accumulating a good deal of money in the account (400 times your normal bet at a table game, and / or 10,000 times your slot machine bet). Example: If you are a $ 10 bettor at the tables, then you need to have at least $ 4,000 in your account. If you play 25 ¢ slots, and you insert 3 coins at a time, you need $ 7,500 in your gambling bankroll.
Hang on The good stuff’s coming … Leave the money there, gain interest … and get a line of credit at your casino equal to your betting session amount (one-tenth of your bankroll). This way, you’re gambling on the casino’s interest-free loan using it, and your money is still in the account gaining interest. Now it is REALLY GETTING FUN … Calculate the house advantage is your favorite game, and bet LESS than the amount you will earn (PLUS your monthly deposits). So, if you are playing blackjack at a house advantage of .05%, you expect to lose one bet every two hours. A $ 10 bettor would expect to lose about $ 20 every 4 hours of play. Multiply that by the number of times you go to the casino in a month. Example: If you go twice a week, you’ll lose $ 40 per week or about $ 160 per month. Therefore, make sure that the interest you accumulate plus the amount of PLUS you deposit each month is MORE than $ 160. And, for a cushion, round it up to $ 200.
If you win, put the winnings PLUS into your monthly deposit. Continue until you double your bankroll, and then double your bets. (And double your deposits too). During the winning session, quit while you’re ahead, or put half your winnings aside and continue playing with the ONLY remaining half. Never bet money you need! Scared money NEVER wins! That’s not just saying – it’s scientifically proven … when you need the money, or you’re afraid to lose it, you alter your bets and your strategies to the point where you neglect the benefits.
Hi, I’m Buzz B Berkeley, and I want to tell you a little about myself; I’ve been a gambler, dealer, lecturer, promoter, author and producer. I’ve been teaching gambling for many years, and collecting gambling resources all the while. I’ve put them all together on my Gamblers’ website. If you have the same passion for gambling, sign up for my FREE Newsletter at Buzz On Gambling. You are invited to post on his blog while you are there. If you’re into sports betting, you should use MUST: [http://www.ultimatesportsbetsystem.com]
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