Banking strategy provided below is for casino gambling while playing the slot machines but this strategy also works for any game in the establishment as long as you make a few adjustments in your approach in regards to how your chosen game pays back.
In other words if you are playing the slots then please keep in mind that they are games designed to pay back a large sum but only as the odds allow, therefore less often than say a game of baccarat which basically is a flip of the coin. In that game you can expect to average winning just under or over 50% of the time. The conclusion to take away is sometimes it takes a lot of wagers before you hit a big win on the slot machine. Betting big may be a great rush but it will also quickly eat up your bankroll.
Loss Limits For Your Bankroll
Loss limits are the core to this banking strategy and probably should be whenever discussing bankroll.
My version of using loss limits only comes into play when you are ahead. In my opinion there is no need to have a loss limit assigned to your stake money. It should be money you fully planned on losing. Gambling is not now nor will it ever be a means of income with exception to poker and even then … the best lose fortunes all the time but with their talent they are usually able to recover before falling so far out of orbit that they need another source to stake them.
This strategy does 3 things for you. It allows for a time period where you can bet much bigger than is your norm without any feelings of guilt, then if you fail to capitalize on the first part you will have a secondary offensive to launch and finally it will in the last effort, reset, if you will, to your original deposit.
Say you started out with $50 and hit a win which catapulted your bankroll to $200.
Install a loss limit of 25% so if you get down to $150 then you should stop betting quite as aggressively and not as much in amounts.
If you still fall and get down to $100 then think of the next $50 as your last because the actual last should be saved for another time. Lets face it, if you couldn’t do anything with the first $150, odds are good you just weren’t meant to win that day, so settle for breaking even and having a stake for the next day you want to play.
