Managing your money is always an important thing. This is true whether you are referring to “real life” or at the casino. Since we are a casino blog after all, let us just focus on the former. How you manage your money while playing the tables can determine whether or not you have a chance to go back and play. This is especially true if you are on a casino vacation and you have a limited number of days to spend at the tables. So what do you have to remember in order to manage your money well?
Have a daily gambling budget. Say you have 5 days of a casino vacation. I am sure that you have a certain amount of money allotted for your casino activities. If you want to be able to spend all 5 days in a casino, though, I suggest that you divide your gambling money into fixed amounts for each day. Once you have used up your money for a day, don’t touch the remainder.
Set your win goals and loss limits. For example, you can set the loss limit at half of your daily budget. If you lose half of your budget, then it is time to walk away. On the other hand, if you win double your money, then walk away. You can always come back on another day.
Don’t quit in the middle of a winning streak. Now this one is a bit controversial. I have said before that you should not push your luck. Then again, why quit while you are doing well? You never know if you could win more – long winning streaks do happen. However, the moment it ends – and believe me, it will end – you should quit and walk away.