Breaking Your Casino Play into Sessions

Whether you’re visiting Vegas or just a local small-town casino, you always want to get the most out of your money. And this is exactly what we teach you here at BankrollManagement.org. But while it’s easy to come up with a plan for managing your casino bankroll before the fact, once you step inside the casino and start to get distracted by all the bright lights and fast action, it’s easy to lose sight of your goals and start throwing money away on impulse. It’s not your fault; this is exactly how the casino wants it to happen! So what can you do to stick to your rational, disciplined plan?

Short Sessions

One good way to get the most out of your money is to break your play down into smaller sessions and allocate a percentage of your total bankroll for each one. Say, for example, that you decide to set aside $600 for gambling for your three-day trip to Atlantic City. You would first divide your total bankroll, $600, by the number of days, 3, to find your daily limit of $200. After that, you might decide that you want to have two gambling sessions on each of those days. Divide your daily limit by 2 again which will break it down to a $100 limit for each of your 6 sessions. (2 for each day.)

Once you have figured out the number of sessions you want to have and the appropriate limit for each one, you must stick to it. In our example, if you lose $100 at the tables, you must immediately walk away. You can head to the buffet, the bar or wherever you want to go, but don’t pull out any more money for gambling no matter how unlucky you just got or you know you are “due” for a big win.

It can also help to set limits for profits in your session. For example, you might say that if you win $200 in any particular session, you must immediately stop. Then you can either add this profit to your total bankroll and recalculate your session limits, or set it aside and make sure that you have some winning to show for all your efforts. This can be even harder to do than stopping when you’re losing, but it can be very advantageous in the long run.

It’s important to know that this isn’t a strategy for winning at any particular game, just a general bankroll management strategy that will ensure that you won’t go broke on your first trip to the casino. It won’t be very fun at all if you are staying in Vegas for two days after you drop the very last of your gambling bankroll. Or even worse, you might be tempted to dip into savings or other money that you shouldn’t touch if you blow through all of your regular money on the first day.

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