Entering the casino part II

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Entering the casino

By John Patrick

You've been to the casinos before, haven't you? Do you ever set limits for yourself and then stick to them? I doubt it! Discipline will turn your game around. Very few people set reasonable limits.

Very few people win money in casinos and wind up taking it home with them. There is a connection.

A $450 bankroll is approximately what 70% of the people take to a casino. I have given you a 20% win figure. This is fair and realistic. Since there are so many people in this bankroll range, there are bound to be differences in opinion.

A small group of people will be content to win anything, and so a percentage win of 10% (or $45) would be plenty for them. There is nothing wrong with setting this low amount, and you should be able to hit it quite often.

You may turn up your nose at a 10% return on $450 because it sounds so small. Well, do a little arithmetic. Assume this $450 bankroll, with many 10% wins, will soon grow, within four or five months, into a healthy starting bankroll of $2,000. Continuing to look for a 10% return, you are now picking up a profit of $200 every time you win. All of a sudden, that size ,return looks good. Now the 10% is based on a $2,000 bankroll, and since the dollar return is higher, you overlook it being a low percentage profit.

Your total winnings increased because your bankroll increased. The percentage stayed the same, but now you are happy with the results.

To repeat: You have a small bankroll of $450. this is all you can put together. Yet, you are unwilling to accept a $45 profit. However, when that bankroll increases to $2,000 and the money return is greater although it is still only 10% you are satisfied. Carefully analyze the situation and you should admit that your attitude doesn't make sense.

If I gave you $100 and told you to go to a casino and win $10, you'd say it would be a snap. And it would be. But, you would be unhappy with a mere $10 profit. Would you be happy to win $200 a trip? You bet you would. Well, wait until you have a $2,000 bankroll, and go for the same 10% profit. You would then have $200.

Am I reaching you?

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