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Bankrolling
The Crapshooter © 2000 by Larry Edell
Bankrolling is one of the most important things to keep in mind
BEFORE
you play craps. There is really nothing like being at a hot table during
a long winning streak! But, you need to have sufficient capital to
stay in the game and, at the same time, produce a small profit until the
streak presents itself!
The way to do this is to figure out your bankrolling BEFORE you
start
playing. Let's say you have a session buy-in of $300, and want to make
it last for an hour. If you bet $50 pass line with double odds ($100)
you will spend $150 per bet, so your money might last just a few
minutes. This probably is not quite enough time to latch onto a good
hot streak!
Further, if you bring just $300 to gamble over a 3 day weekend, and
plan to have six sessions, that only gives you $50 per session. Unless
you find a $1 table, you're not likely to see any streaks at all!
On the other hand, if you bring $900 with you and want to play
three
sessions, that gives you $300 per session. If you bet $5 pass line with
double odds ($10) your bet total is only $15. There might be one pass
line decision every 2-3 minutes, so your $300 buy-in will now last for
at least twenty decisions, or about an hour. This longer time at the
table will enable you to look for a streak of multiple passes, so you
can increase your bets while you're winning and make even more money!
If you wager this way, your buy-in ($300) would be twenty times your
bet size, which is considered more than adequate. In fact many
Crapshooters would prefer a 10X ratio, which would allow you to either
increase your individual bets, or buy-in for a smaller amount.
But what are you really looking for when you play craps? Are you
looking for scattered small wins with no game plan? Or are you looking
for a consistent method to increase your profits on a regular basis?
Since the casino has a built-in edge on all craps bets, the only way
you
can profit consistently is to stay in the game as long as possible, and
hope for a streak so you can increase your bets - and your profits!
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