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Money management at the machines

22 May 2018

By Frank Scoblete
Starting a Money Management Plan

FROM NANCY: How much should I set aside to play a table-game such as blackjack or craps and also on quarter slots of the more or less traditional style? I tend to go overboard when I am playing and the next day I have to ask myself “What have you done Nancy?” The answer is not usually good.

I have had winning trips but the bad trips outweigh these. I do not want to just throw my money away. I need to develop a money management plan that I can stick to. Can a person beat the casino using money management? That would be a great incentive to learn it.

FRANK RESPONDS: I have bad news for you. Money management cannot give you the edge at any game. But I do have good news for you; money management can help you keep your losses within reason and will (hopefully) stop those early morning castigations of “What did you do, Nancy?”

First things first. You must play the proper basic strategy at blackjack. Basic strategy is the computer derived play of every player hand against every dealer up card. Do not get worried. You can buy basic strategy cards at most casino gift shops so you don’t have to start memorizing huge play lists. At craps you only make the best bets – pass line with odds and come bets with odds. (You could learn the darkside of the game but most players will be frowning at you should you play this way.) Do not make more than three bets at craps. I make just one bet on other shooters; I make three bets on me.

For slots stick to the machines that are not progressive. These will usually have better returns than those progressives. Also stay away from those penny, nickel and dime machines that have multiple lines of bets. These have high house edges and you wind up betting a lot more than the face value of the machine.

OK, for blackjack I recommend having forty times your bet as your session bankroll. So if you are playing a $10 game you should have $400 behind you. If you lose this or you get tired, quit. No matter what, don’t play for than an hour or 1.5 hours per session. Give yourself a chance to breathe.

Craps should have 10 times your total bet as your session bankroll. So if you are betting three numbers just multiply the total by 10. You lose that or you play your hour to 1.5 hours then you take a break.

On slots give yourself 100 times what you are betting per spin. Slots, as you know, can have very long losing streaks. These streaks can vanish with a big win or two but you never know.

Now, when you win, put half of that money away and play with the rest of the win. If you win some more take half of the new win and put that aside. Play with the other half. You lose that half or you feel tired or “I’m finished,” then you take a break.

Try to have enough money in your trip bankroll to play the number of sessions you desire. If you are ahead, you never use the win again; you use a new bankroll.

Hopefully this will help you navigate the dangerous waters of casino play.

Visit Frank’s website at www.frankscoblete.com. Frank Scoblete’s latest books are I Am a Dice Controller: Inside the World of Advantage-Play Craps, Confessions of a Wayward Catholic and I Am a Card Counter: Inside the World of Advantage-Play Blackjack. Available from Amazon.com, Kindle, Barnes and Noble, and at bookstores.

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.

 

Gambling routines

15 May 2018
People who rarely go to casinos probably do not get themselves into a true routine. They go into the casinos, head for the slot machines or stand near a table game to see what’s going on. They could play a slot here, a video poker game there, or hit a blackjack or craps game or any one of the numerous machine games that now proliferate in the casinos. ... (read more)
 

The mesmerism of slots

8 May 2018
Next time you go to the casinos, don’t play right away. I want you to walk around the slot aisles and watch the players. That’s right. I want to propose to you an experiment that might prove a contention of mine that I am about to share with you. I think what you will find is that most players are lost in another world. ... (read more)
 

Getting the edge with comps

1 May 2018
If you think the tricks last week were, well, tricky, now we get into some serious comp-duggery, which will allow you to actually get what I call the “monetary edge” over the casino, which means that between the comps you don’t deserve and the ratings on the game that you don’t deserve, you’ll actually be getting more back from the casino then you’re shelling out at the table-game of your choice. ... (read more)

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Frank Scoblete
Frank Scoblete is the #1 best selling gaming author in America. His newest books are Slots Conquest: How to Beat the Slot Machines; Everything Casino Poker: Get the Edge at Video Poker, Texas Hold'em, Omaha Hi-Lo and Pai Gow Poker!; Beat Blackjack Now: The Easiest Way to Get the Edge; Casino Craps: Shoot to Win!; Cutting Edge Craps: Advanced Strategies for Serious Players; Casino Conquest: Beat the Casinos at Their Own Games! and The Virgin Kiss.

Frank and Casino City Times columnist Jerry "Stickman" teach private lessons in dice control. Frank's books are available at Amazon.com, in bookstores or by mail order. Call 1-800-944-0406 or write to Frank Scoblete Enterprises, PO Box 446, Malverne, NY 11565. Frank can also be reached by email at fscobe@optonline.net.

Frank Scoblete Websites:

www.goldentouchcraps.com
www.goldentouchblackjack.com

Books by Frank Scoblete:

> More Books By Frank Scoblete

Frank Scoblete
Frank Scoblete is the #1 best selling gaming author in America. His newest books are Slots Conquest: How to Beat the Slot Machines; Everything Casino Poker: Get the Edge at Video Poker, Texas Hold'em, Omaha Hi-Lo and Pai Gow Poker!; Beat Blackjack Now: The Easiest Way to Get the Edge; Casino Craps: Shoot to Win!; Cutting Edge Craps: Advanced Strategies for Serious Players; Casino Conquest: Beat the Casinos at Their Own Games! and The Virgin Kiss.

Frank and Casino City Times columnist Jerry "Stickman" teach private lessons in dice control. Frank's books are available at Amazon.com, in bookstores or by mail order. Call 1-800-944-0406 or write to Frank Scoblete Enterprises, PO Box 446, Malverne, NY 11565. Frank can also be reached by email at fscobe@optonline.net.

Frank Scoblete Websites:

www.goldentouchcraps.com
www.goldentouchblackjack.com

Books by Frank Scoblete:

Cutting Edge Craps: Advanced Strategies for Serious Players

> More Books By Frank Scoblete