Page 26 - March 2013 • Southern California Gaming Guide

Bill Burton: About Gambling
MIanaging Your Casino Bankroll
f we were all as rich as Warren Bu et, we probably wouldn’t have to worry too much about money. However, most of us do not have the luxury of an unlimited supply of cash, so we must make the most of what we have. is means we have to budget, and limit the money we spend
Your Casino Bankroll
When you head to the casino to play, take only the money for that gambling session that you planned. If you are going to play table games, do not buy in for the full amount you have for that session. Instead, buy in for half or less. We have all had times where we just couldn’t win at a particular table. By buying in for less than your full session amount, it will give you a good breaking point. Instead of reaching in your pocket for more money, take a break or change tables.
If you are a slot player, play only small denomination bills in the machine. If you have $100 for your playing session, don’t put a $100 bill into the machine. Instead, it’s better to get ve $20 bills and use them to play, one at a time. If you don’t have any luck with your rst $20, take a break or switch machines.
By using less than the full amount of money you allocated for your playing session, it will force you to stop and think. is will help you slow down and not get caught up in a playing frenzy. It is sort of a forced discipline to keep you on your budget.
When You Win
When you win and get ahead during your playing session, don’t forget to lock up a pro t. Take some of your winnings and set them aside to bring home. ere is nothing worse than winning money at the casino and then playing it all back. Some players feel that when they win, they are playing with the casino’s money. However, once you win, it becomes your money.
Have fun!
Until next time, remember: “Luck comes and goes... Knowledge Stays Forever.”
Bill Burton is the author of 1000 Best Casino Gambling Secrets and Get the Edge at Low Limit Texas Hold’em available online at billburton.com. Burton is also an instructor for Golden Touch Craps: thecrapsclub.com.
to stay within our budget.
I have always been a strong advocate for discipline and bankroll management when visiting the casino.
e money you spend gambling should be considered entertainment, and you should never take money to the casino that you can’t a ord to lose. If you do come home a winner you should
local talent or karaoke, or gol ng on some of the best golf courses around. Planning other activities will make it less likely that you succumb to the temptation to bet more and play longer than you had planned.
If you’re at the casino for a few days, divide the money you plan to spend gambling
be happy, but the reality is
that many players will lose
money when they play. You
know this up front, and take
your chances. at’s why
the money you gamble with
should be money that you
budget for entertainment. visiting the casino. The money To make sure you stay
by the number of days you will be there. is is your daily bankroll. You will not gamble with any money other than that day’s bankroll. Next, decide how many playing sessions you want to play each day, and divide your daily bankroll by the number of sessions to get your session bankroll.
WelcometoFantasy World
Most of us have good intentions about sticking to our budgets, but there are always those temptations that sneak up on us unexpectedly. is seems
within your entertainment budget there are some things you can do before you go, as well as when you are at the casino.
Have a Plan
you spend gambling should be considered entertainment, and you should never take money to the casino that you can’t afford to lose.”
Before you visit a casino,
make decisions about how
much time and how much
money you want to spend
gambling. If you went to the beach for a vacation, you would not spend all your time in water. Likewise, when you go to a casino, you are not going to spend all your time in the casino playing. Plan other activities in addition to gambling. Some may include going to a show, having a nice meal, enjoying some of the great casino lounges and
to happen more often in the casino, because when we walk throughthecasinodoors,weenterasortoffantasyworld. e excitement of the sights and sounds and the general
atmosphere helps to add to that feeling. Many people get caught up in the excitement. When this happens, it is easy to get carried away and gamble more than you should.
“I have always been a strong advocate for discipline and bankroll management when
PAGE 26
SOUTHERN CALIFORNIA GAMING GUIDE
MARCH 2013