Thursday, November 20, 2008

Winning Exit Strategy-Leave a Winner

To be a true winner at the casino you must have an exit strategy. This is the most toughest and the most important of all strategies in gambling. You can be a great poker player at the Texas Hold'em table or win thousands at the Craps table, but you are not a winner if you don't leave with more than you came with. As a matter of fact, if you lose everything you gained before you leave the casino then you are a looser. When you enter a casino the odds are against you. Even if you are a blackjack player, a game that gives you the best odds in the casino (a good player can have a 0.1 percent advantage), it means nothing if you leave with nothing. All of us who have spent some time at the casino, one time or another, left stating "man, I should have stopped while I was ahead." Here are a few steps to take in developing a exit strategy that best fit your style of play:

1. Know thyself. Are you a Type A personality? Do you normally play for the big jackpots? Do you like taking your time and staying in the game for as long as you can? Do you like playing with a lot of people around you or would you prefer being at the table or slots by yourself? These questions and questions like these you should ask yourself, and answer, before you play. Knowing who you are and your likely downfalls or shortcomings will help you develop strategies that will protect you from your own demise.
2. Set Limits and Stick to Them. You should have an overall limit on the amount of money you are willing to risk and can afford. You should decided what games, slots and denomination you would like to play before you enter the casino. For example; I have $400.00, I will play $200 at the blackjack table, initial bet $25 per hand, stop if I gain $200. If I loose the $200 I will move to Video Poker (quarter denomination) and play $100, etc... Plan you overall limit and a limit for each game, bet and winnings. This plan has to be made in detail before you enter the casino.
3. Don't get caught up in the game. Sometimes our adrenalin can get the best of us. The casino environment and the games can be so exiting we can loose control. As you play keep saying to yourself "I will not play with emotions". Say this to yourself every two minutes. Playing with emotions will guarantee that you will be a looser.
4. Set time limits. How long do I want to play this game? What time will I take a break to eat or use the facilities?
5. Envision yourself doing each and everyone of these steps. It's like a basketball player taking a free throw before he take the shot. He stands at the line and first imagine himself taking the shot and watching the ball go in the basket. Imagine yourself being a winner.

Gambling is fun but it's a lot more fun leaving a winner.

2 comments:

  1. Leaving the casino with money takes discipline.

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  2. Everybody should have a winning exit strategy. It takes strategy to win. This blog has great tips.

    ReplyDelete