"Well," says the class instructor who identifies himself only as Bill, "I can't really tell you how to win big. These are games of chance, and only the house always wins..... But," he promises the students in his weekly four-hour class at Las Vegas' Grandview Hotel, "I will give you tips to improve your chances and maybe keep you in the game longer."
Bill's parents were in the business, so he has grown up with cards and in his hands they flow and dance. He grew up with gambling too, and knows how to work the games so that he makes money. "I was thrown out of a few casinos when I was younger. They don't like it when you make too much off the house. But I soon learned to quit before it got that far. I like to be able to come back the next week."
He shrugs and grins. "You listen. I'll tell you how to get the dealer on your side. I'll tell you what you need to know."
Betting Money Management Basics
"The purpose of a good money management strategy is to increase your wins and decrease your losses," Bill begins.
"If you treat your time in a casino as entertainment, gambling money management will give you more fun because your stake will last longer."
For overall money management strategy, Bill offers his students a wide variety of tips.
Money Management Strategy#1: Learn Where to Sit
Pick your seat carefully – where a new player sits can affect the outcome, Bill claims.
* In blackjack, for example, Bill says that the dealer's right (table left) is the best spot for a good player, but the worst seat for a new player.
* Dealer left (table right) is the second worst spot for a new player.
The reason? These are decision seats. A new player's best spot is in the middle in most games.
Money Management Strategy #2: Know Where and When to Play
Bill suggests that new players skip "The Strip" in Las Vegas and instead go to the smaller, older casinos a few blocks away or in nearby towns. "You'll have just as much fun and your money will last a lot longer."
1. Frequent local casinos rather than the big names. "The locals are friendlier and have lower table rates, so they're the best place to go to learn."
2. Go mid-week in the afternoon. Play is slower, tables are emptier, dealers have more time. This is a good time to find a friendly dealer and explain that you want to learn how to play.
3. Take it easy on the alcohol. "If you're a player, if you're spending money, they'll give you free drinks. It's too easy to have too many and lose sight of your strategy" (and your money!)
Money Management Strategy #3: Use the Help Cards
Take your "cheat card" – Every casino will issue you a card with the odds and play of each game. They're legal and helpful. They're sometimes free, and usually inexpensive. Bill sells his own version for $5 per game (blackjack, craps, roulette, etc) and refers to them throughout his classes so that students learn what they're for, how they work, and when and how to use them.
"But you use them in practice and you get good with them. Other players may be pissed if you slow down the action on a hot table to fuss with your card."
Obviously, the best way not to lose money gambling is not to gamble, but most tourists are willing to take a fling; that's why they come to a casino. "If you're a recreational player," Bill concludes, "you're not here for high-stakes games. You're here to enjoy the lights, the excitement, and the emotional roller coaster of wins and losses.
SOURCE:
http://personalbudgeting.suite101.com/article.cfm/money-management-classes-for-casino-players--strategy
Bill's parents were in the business, so he has grown up with cards and in his hands they flow and dance. He grew up with gambling too, and knows how to work the games so that he makes money. "I was thrown out of a few casinos when I was younger. They don't like it when you make too much off the house. But I soon learned to quit before it got that far. I like to be able to come back the next week."
He shrugs and grins. "You listen. I'll tell you how to get the dealer on your side. I'll tell you what you need to know."
Betting Money Management Basics
"The purpose of a good money management strategy is to increase your wins and decrease your losses," Bill begins.
"If you treat your time in a casino as entertainment, gambling money management will give you more fun because your stake will last longer."
For overall money management strategy, Bill offers his students a wide variety of tips.
Money Management Strategy#1: Learn Where to Sit
Pick your seat carefully – where a new player sits can affect the outcome, Bill claims.
* In blackjack, for example, Bill says that the dealer's right (table left) is the best spot for a good player, but the worst seat for a new player.
* Dealer left (table right) is the second worst spot for a new player.
The reason? These are decision seats. A new player's best spot is in the middle in most games.
Money Management Strategy #2: Know Where and When to Play
Bill suggests that new players skip "The Strip" in Las Vegas and instead go to the smaller, older casinos a few blocks away or in nearby towns. "You'll have just as much fun and your money will last a lot longer."
1. Frequent local casinos rather than the big names. "The locals are friendlier and have lower table rates, so they're the best place to go to learn."
2. Go mid-week in the afternoon. Play is slower, tables are emptier, dealers have more time. This is a good time to find a friendly dealer and explain that you want to learn how to play.
3. Take it easy on the alcohol. "If you're a player, if you're spending money, they'll give you free drinks. It's too easy to have too many and lose sight of your strategy" (and your money!)
Money Management Strategy #3: Use the Help Cards
Take your "cheat card" – Every casino will issue you a card with the odds and play of each game. They're legal and helpful. They're sometimes free, and usually inexpensive. Bill sells his own version for $5 per game (blackjack, craps, roulette, etc) and refers to them throughout his classes so that students learn what they're for, how they work, and when and how to use them.
"But you use them in practice and you get good with them. Other players may be pissed if you slow down the action on a hot table to fuss with your card."
Obviously, the best way not to lose money gambling is not to gamble, but most tourists are willing to take a fling; that's why they come to a casino. "If you're a recreational player," Bill concludes, "you're not here for high-stakes games. You're here to enjoy the lights, the excitement, and the emotional roller coaster of wins and losses.
SOURCE:
http://personalbudgeting.suite101.com/article.cfm/money-management-classes-for-casino-players--strategy
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