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Craps Money Guide
Second only to winning is the ability to manage your money. While it's everyone's burning desire to leave the casino a big winner, more likely than not, you'll leave with a slight loss. The casinos have gone to quite a bit of trouble to ensure that this happens. That's why the house always has an advantage over the player. Fortunately, craps offers the best possible house edge, if you combine the Pass/Don't Pass and Come/Don't Come bets with the Odds bets.
But that's not all there is to winning. Winning requires discipline and a proper mental attitude. If you can leverage your bets with the Odds bets, manage your money and maintain your head through the orchestrated chaos we call craps, you'll have a great time and give yourself the best odds to walk away with some extra money.
Money Management Made Simple
There are many successful money management schemes. Pick one that works for you, and abide by it. Use several in combination if you like. Do whatever ensures that you keep your losses to a minimum or walk away with some of the money that you won during the course of a session at the craps table. Be brutal with yourself. You're doing battle with the casino gods whose sole purpose is to part you from your money.
Craps is a lively game for several reasons. Among them is the fact that fortunes can be made and lost in no time flat.
- If you should somehow make a killing (we're talking big money), and it's not something that you routinely pull off when you visit a casino, get the heck out of Dodge. Don't waste a minute longer. Don't set an artificial stop loss. Just get out of there. Who cares if the airline ticket is non-refundable? Run; don't walk, as fast as you can, and don't look back.
- Establish a bankroll, and stick to it. When your bankroll is gone, you should be too. You are smart enough to know that you shouldn't bet with money that you can't afford to lose. -Nuf said!
- If you're winning, put away at least half your winnings, and play only with your original stake. Once the original stake is gone, you still walk away with some money. You can also use this technique in reverse: place your original stake out to the side and only gamble with your winnings.
- Divide your stake by 50. That way, you can probably enjoy yourself for hours. For example, if you bring $100, bet no more than $2 per round.
Craps Money-Stretching Strategy
Assume that you start with a stake of $200, and you want to make that money last as long as possible.
- Divide the $200 into two piles of $100 each.
- Play with only one pile, and find a table with a $2 minimum.
- If you win $100, take the $200 off the table and cash in the chips. Put the $200 away somewhere.
- If you lose, play only with the $100 until it's gone. Stop playing at the table and cash in your chips. Without chips, you can't play at least not right away. Save the remaining $100 until after you've taken a break.
When you walk away with some money in your pocket, you will have had a good time at the craps table.
Play with Your Head Screwed on Right
Craps is fast-paced and lively, requiring concentration and fast reflexes amidst the chaos. Play craps only when you're up to the task. Your energy level is likely to affect your play, and your play most certainly will affect your mental attitude. It's a slippery slope. Make sure that you?re on firm ground when you approach the craps table. If you're not, you might want to consider another less lively game or find another form of entertainment until you're up to the craziness that is the favorite of the rowdy crowd craps!
