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Gambling
Systems
by
Larry Edell
Gambling
Systems is a lesson relating
to table
play that, when
used properly, will increase your winnings substantially.
You’ve
probably heard of these three gambling sytems: win/loss
goals, discipline, and comps.
Let’s take a look at all three and see how
they can benefit
your sessions, whether you play blackjack, craps or roulette.
Gambling Systems:
Discipline
At any
casino, you
should know about
money management and setting win/loss goals.
You buy in
for
$500
and have a
$200 loss limit, hit it but keep on playing anyway. Whammo--you lose
all your
money again because you have the gambling systems
knowledge, but no
discipline.
This goes
for the
winning side
also.
If you had a $200 win goal, reached it, but kept on
playing anyway, you
just might get a Whammo as well if the table turns.
When you
have
discipline, you are
making a promise with yourself to accomplish a certain goal.
In
your other
business and personal agreements, your own integrity keeps that
promise, even
if it is an unwritten one. Why not keep your agreements with yourself
when you
play table games?
Besides the
obvious
advantage of
profiting more by using proven techniques when you play, you’ll also
have
increased self-esteem and confidence because you kept your commitment
to
yourself.
You’ll make more money and feel better at the same
time.
Gambling
Systems: Win/Loss
Goals
The reason
why you
need a win goal
is because tables fluctuate.
You can be $100 up one moment
and $100 down the
next. How do you know when to stop and still leave with a profit?
Your win
goal
should
be based on
your individual session money, and should be 30% of your buy in. For
example,
if you buy in with $100 and are $30 ahead you should quit.
When you
gamble
you
need a
definite, unchangeable win goal - something you can shoot for. You
can’t just
play haphazardly and hope to win thousands from a $5 bet.
The opposite
of a
win goal is a
loss limit, and it’s also 30%.
If you buy in for $100, you
leave when you win
or lose $30. If you buy in for $500, you leave when you win or lose
$150.
You need a
loss
limit because if
you play thinking that since you brought $100, the most you can lose is
$100,
then you certainly will lose it all.
One of the
cardinal
rules of
gambling is to increase your bets while winning but decrease them while
losing.
But when many people start losing, they keep on playing as if nothing
was
different, or worse, keep increasing their bets.
Stick to
your
guns.
Set a win goal
and a loss limit. Over the long run, you’ll win more and lose less.
Gambling
Systems: Comps
When you
spend
time
gambling
online or off, you can increase your profits by at least $500 by
utilizing
comps - yet most people who play do not even have comp cards.
The first
thing
you
should
consider in applying for a comp card is your choice of casino. If you
play
craps, choose one that gives you credit for “spread” instead of “bet”.
For example,
if
you
bet $10 pass,
$12--6 & 8, and $5 field, you are counted as a $10 player in
most casinos.
But in the casinos that credit for spread, you are a $40 player.
If you play
blackjack or roulette,
play at a table that gives favorable rules and limits.
Casinos all
have
different rules
and policies. Most online casinos offer very tempting ‘new account’
bonuses. You
have to choose one yourself, based on what they can do for you.
The best way
to
find
out about a land-based
casino’s comp policies is to call them and ask for a “casino host”.
Tell him
(or her) that you are a player at another casino and want to try them
out, and
would like to have the casino rate for your first stay, which will save
you
about $30 per night at a mid-sized casino. If you gamble enough you
will end up
getting the room, food, drinks and a show for free.
This gambling system requires that you speak with the casino
host to ask how you can get a credit line. Not only will a credit line be
more
convenient, but also it will look better for you when your comps are
evaluated.
You also won’t have to worry about carrying a lot of money to and from
the
casino.
Just
before you start gambling,
find the pit boss and ask to be rated. You will also need to go to the
cashier
a few minutes before you are ready to play and ask to have your credit
activated.
Then, before you begin to bet, ask for a marker
for the amount of
your buy-in.
When
you’re gambling, break your
sessions up. You can gamble twice a day for two hours per session. For
each of
these six sessions, ask for a comp from the pit boss or floor person.
For
example, after the first session, you could ask for a meal for two at a
good
restaurant. After the second session, ask for another meal in a
different
restaurant, or tickets to tonight’s show performance.
The value of
a
good
meal or show
for two is usually at least $50, often quite a bit more. Six sessions
indicate
that you will get about $300 worth (6 x $50) of comps.
If
your comped room
would normally cost $100 a day (weekend rate for two nights), this
means that
at the end of a weekend, you will have $500 ($300 + $100 + $100) you
didn’t have
before.
These
figures are
based on an
average bet of $50. Of course if you gamble more, you’ll get more
comps. The
casino host can tell you the required levels of betting for each level
of
comps.
If you are a
$10
bettor, you can
still get comps - usually to the buffet - but you’re still getting
something
you didn’t have before. Comps are a terrific advantage to every player,
and you
should maximize your comps whenever possible.
Gambling Systems:
Conclusion
You can
leave any
casino a winner,
just by carefully utilizing disciple, win/loss limits and comps.
If
you have
discipline and stick to your win/loss limits, any small loss will be
more than
compensated for by the comps you receive.
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