How to Manage Your Money at a Gambling Casino
Part of the Casino Gambling For Dummies Cheat Sheet
Successful casino gamblers understand the math and odds behind the games, but discipline with money is also critical. Managing your money at a casino requires self-control. Use these tips to keep yourself in the safe zone:
Never borrow money while gambling. Chances are good that you’ll lose it, making a bad situation even worse.
Only bet what you can afford to lose. Gambling with money you’re scared to lose is neither enjoyable nor wise.
Set and stick to a budget. Write it on your forehead if you have to, but no matter what, when you hit that number, leave the casino.
Avoid ATM machines or lines of credit. Using credit is a really easy way to get financially overextended while gambling.
Limit your playing time. Taking a break keeps your mind sharp.
Hotel rooms have beds — use them. When you only gamble a few times a year, it’s tempting to play marathon sessions. But your body and your bankroll aren’t built to handle the casino’s pulsating 24/7 schedule, so make sure you sleep and rest.
Don’t drink and gamble. If the casino serves drinks for free, you should be very suspicious.
Remember the law of gravity — what goes up must come down. Casino profits soar when players get greedy. Quitting with a small win is far better than losing your shirt.
Don’t play any game you don’t understand. One of the fastest ways to burn through your cash is to jump into a game where the rules or strategies confuse you.
Never lie about your wins or losses. If you find yourself deluding a person or several people in your life about your gambling, take pause and reevaluate your gambling.