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Golden tips for a casino gambler: 2. Limit your Loss Before There is Nothing to Limit 

January 20th, 2008

A loss limit is a sum of money that you define for yourself each time before you start playing any casino game; you realise that sum can potentially be lost, therefore you want to make sure it won’t hurt you too much – the maximum Loss Limit would be about a half of your bankroll, which means depending on how much you originally have, you can spend from as little as 50 bucks to half of that lot in a briefcase that you brought with you.

However, even in that “system” there are more sophisticated rules – when you start t play big, the rules modify slightly. If your bankroll is as much as $2000 - $2500, then a half is still the figure to stick to, however, the more money you bring – the less your Loss Limit becomes. It goes without saying that even if by some unlucky chance you run out of money it’s not a very good idea to run to the closest pawn shop or get undressed offering your stuff for minimal prices just because you think your luck is “right there” and you just need some 50 bucks or so to get back that pile of money you had half an hour ago. Not to lose the control over your money you should always plan ahead – although that doesn’t sound like something adrenalin-like, it will save you from losing your head along with all your money.