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Money management
Money management is a method to increase your enjoyment from
gambling by essentially maximizing your playing time. It is not a
system to beat the casino. After all most casino bets have a negative
expectation. You can't beat the casino with a money management system,
but you will have more fun gambling if you take into account the basics
of money management.
Money management tips
A lot of the tips we discuss in this section are very intuitive and
obvious. You are using them everyday in every money decision you make,
from doing your grocery shopping's to buying a new car. However, you
might be surprised that a lot of people forget about common sense
when they're playing at a casino. So don't underestimate the advice
we are giving you here. Read carefully and actually start using these
tips on your next gambling trip or online gambling session. Bookmark
this page and read it again in a couple of months, and you will learn
to appreciate the value of common sense.
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Set a gambling budget
Approach gambling like any other form of entertainment.
When you take a vacation you probably know beforehand how much
spending money you have. It should be the same with gambling.
Set a gambling budget before you start playing and quit if you
reach that limit.
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Set a winning goal
Don't expect to become a millionaire overnight. Set a reasonable
winning goal, for example half of your initial budget. If you
are fortunate to reach your goal, stop playing and collect your
winnings.
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Have some fun outside the casino
Especially in places like Vegas or Atlantic City there are lots
of other ways to have some fun, besides gambling. Remember you're
on a vacation. Get some rest! If you're in Vegas rent a car
and go see the Hoover Dam or the Red Rock Canyon. If you're
in Atlantic City explore the ocean and beaches. You get the
picture.
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Play smaller sessions
Don't gamble all your money away in just one session. Plan a
couple of smaller sessions, each with it's own gambling budget
and winning goal. You will find you can play longer, and between
sessions you have plenty of time to have some fun outside the
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So these are the basics of money management. It all comes down to
planning your gambling sessions *before* you start playing, and to
stick with the plan. Treat gambling as just any other form
of entertainment. You pay some money to get a couple hours of entertainment.
You expect to lose, and if you win it's a bonus.
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