Casino Money Management Tips

  • Coloring up at the Wrong Time – Be alert during winning streaks. Dealers are trained to “color up” or give high-value chips to winning players. The object is to induce the player to make larger bets on the next hand or next round. During the game players sometimes forget the true value of their chips. Later, when a session is over they realize how high some of their bets were. but then it is too late. Always remember that chips represent cold, hard cash, and not play money. So don’t let them color you up if you don’t want it.
  • Learning Money Management – Managing your money is one of the most important factors in online gambling and real world gambling strategy. Prior to each casino gambling session you should figure out what your betting unit will be and at what point you will quit. Your betting unit should generally be about 1% of your entire bankroll if you are a passive gambler and up to 2% if you intend on being a more agressive gambler.

    Planning ahead and choosing your win and loss limit will keep you from losing frequently and keep you walking away with a bigger bankroll more consistantly. Make sure your win and loss limits are reasonable and are firm, don’t alter them once you have begun, this usually leads to disaster. Once you have reached either limit you need to get up and walk away; don’t think that maybe the next hand will be your lucky break.

    It is imperative that you walk away once you have reached your win goal, the next hand could start a downward spiral that could lose all your winnings. Keep this point in your head as it is the most important. “It is better to walk away a little winner than a big loser.”

  • Tipping Dealers at Casinos – Blackjack dealers depend on tips or tokes as a big part of their salary. The mechanics of tipping are easy. We can either push a chip over to the dealer or we can place a bet for them. The second method is considered best. We tip by placing a bet in front of our own bet. If we win the hand, the dealer also wins and they get twice the amount for a tip. If we lose the hand the tip goes into the rack along with our bet. However, the dealer will still appreciated our action and will usually acknowledge it with a “thanks for the try” type comment. The tipping method will help change the psychology of the game. It is now you and the dealer against the house. We should find the game more enjoyable and maybe even get some helpful hints from the dealer instead of cold silence.
  • How to Tip at the casino – When tipping dealers at blackjack, baccarat, roulette or craps you can make a bet for them without considering table minimums. If the table minimum is $5 you can still place a one-dollar dealer tip-bet. Just put the tip-bet in a special place, depending on the game, or announce “this is for the dealer(s)” and then place the tip-bet wherever you want, again depending on the game.