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Casino Gambling with Mark Pilarski.
 Mark is the author of Deal Me
In, a syndicated columnist and your valuable source of casino gambling
information.
Mark Pilarski provides you with 18 years of casino gambling experience
from the other side. 18 years is how long he has worked for casinos. I
find Mark's unique insight to be interesting, entertaining and very
informative. Sit back relax, read and enjoy. You can Email
Mark Pilarski
if you have any questions.Your answer may be featured in one of his
columns.
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Casino Gambling by Mark Pilarski
The fundamentals of sound money management
Dear Mark,
The one problem I run in to every time I play blackjack is managing my
money. Would you please offer some money management tips for us novices so
we donıt part with our money so readily. I can never make it to day two of
my weekend trip to Las Vegas. Jason B.
This column, Jason, can teach you all the right bets to make, plus how to
play them, but without sound money management techniques, you can still end
up going home broke.
Money management is your life-line to getting to that second day. My goal
here is to help you make it through the weekend in lieu of hanging out in a
keno lounge, tapped out, trying to score free drinks. So, Jason, below are
some money management rules I live by when Iım out trying to score a little
from the big guys. They will work if you rigorously apply them. Otherwise, I
can tell you up front that casino security wonıt allow you to use the keno
parlor as a hooch hospice.
First, never bring your entire bankroll with you to one gambling session.
You need to have a daily gambling budget. Start by dividing your bankroll by
the number of days youıll be gambling. Now divide your daily bankroll into
the number of sessions you will be playing each day. This is now your
single-session bankroll. Donıt bet tomorrowıs money until tomorrow comes.
Set a goal of winning between 50 to 100% of a single-session bankroll.
Then set aside your original bankroll plus half your winnings. Now play with
the remainder, and continue to set aside additional winnings.
o Use a winning progressive method of betting by setting a predetermined
percentage increase for each winning bet and sticking to it. For example, I
increase my winning bets by 50% after the second win: $5, $5, $7, $10, $15,
$22, etc,. I continuously flat bet (table minimum) when losing.
Never increase your bet when losing. A double-up-to-catch-up strategy
simulates a lamb being led to slaughter.
Discipline is not only a significant part of being a successful gambler
but probably the most important element of money management. You must set
loss limits and win goals. Example: When losing half your session bankroll
(loss limits) you walk, and when doubling your money (win goals), consider
doing the same.
Identify the profitable opportunities in gambling by shopping for the best
odds, rules and playing conditions for the casino games you will be playing.
Donıt waste your time on games in which the casino has more than a 2% house
advantage.
Never gamble with money you canıt afford to lose. Need I say more?
o Credit card gambling is nothing more than a desperate measure to stay in
action. Leave your credit and bank teller cards at home so you wonıt be
tempted with the easy convenience of getting cash.
Never quit a hand when youıre on a winning streak. Why tempt fate? You
could be walking around lucky and not even know it. Magical gambling moments
do happen. Fifteen, 18, even 20 hands in a row is possible. When it ends,
make a mad dash to the cashierıs cage.
Finally, money management will not affect the house advantage, nor
guarantee that you will win more money. If the house has an advantage before
money management, it still has that same advantage even after you apply
money management techniques. What good money management principals will do,
Jason, is minimize your losses and in most cases protect your winnings.
Gambling thought of the week: "We got an education when in 1992 Wolfgang
Puck opened Spago in the Forum Shops in Caesars Palace and proved to us that
people will line up to get good food." Steve Wynn
"But, Steve, if you bring back a $3.49 prime rib dinner buffet, youıll have
lines out the casino front door and down Las Vegas Blvd." Mark Pilarski
Gambling thought: "Las Vegas is not renowned as a literary town.
In fact, the word "book" around here, 90% of the time is a verb." Deke
Castleman
Gambling thought: "Son, we are sorry about the tuition
funds...your mother and I did not know you are not supposed to split
tens..."
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