Managing Your Money
Probably the most important thing to do when you gamble is know how to manage your money. Going into the casino to play craps with a certain amount of money and gambling until it is gone is not smart gambling. Here are some guidelines for making sure you don't have to get "broke money" for transportation home from the casino.
You may have dreams of hitting it big at the craps table and taking home enough money to pay off your mortgage, but this is rather unlikely. Many professional players say winning 10 percent to 20 percent is a really good day.
If you are winning, some experts recommend putting the amount you started with (and a little profit) aside and continuing to play with only your winnings. That way, you're guaranteed to at least break even (or better if you set aside some profit). Or, you can always stop while you're ahead and go home with the casino's money.
Even more important than having a goal for winning is having a limit for what you'll let yourself lose. Never play with money you can't afford to lose. And, some experts say that your bankroll (the amount of money you take to the casino specifically for gambling) should never be completely gone when you leave. There are a couple of reasons for this. First, the mental anguish of having "lost everything" is a lot for some players. Second, if you lose everything that usually means you're not playing smart. Set a limit for yourself of how much you can lose -- maybe half of what you take in, for example.
Some players base individual bets on how much they bring in to play. Dividing your total bankroll by 50 will give you a good rule-of-thumb amount for each bet. For example, if you bring in $250, you might bet in $5 units. If you bring in $100, you might bet in $2 units. This strategy allows you to play longer and have more chances to win.
If you know you're going to be at the craps tables twice a day for the three days, then make sure you divide your money accordingly. Don't dip into tomorrow's money today -- especially if it's because you're losing.