It is not enough to be extremely skilled at a casino game to in the long run have a chance to win over the casino and thus be able to call yourself a casino. Taking care of the gaming cash register and using it in the smartest possible way is at least as important, if not more important.
Your gaming cash register, or bankroll with another name, is the capital you have to play for. If you want to make money at the casino, you need to make sure that the cash register is kept fairly intact so that your money can be remunerated. You can compare your gaming cash register with a share account. If you do good business, you will get more money to spend on raising stock prices, dividends and so on. If you do bad business instead, the capital in your account will decrease and you will have less money to spend on investments. If you do a lot of bad business in a short period of time, then you need to do lots of good business to get back to square one at all.
The number one basic rule in money management for casino games is to defend the bankroll and not make any foolhardy choices. A typical foolhardy choice is to increase and decrease the efforts at its sole discretion. You always have the same chance of winning in each new round of play, so varying the stakes is completely ineffective. Another misconception is to start playing for higher stakes when you have a trend when you lose many rounds of play in a row. This is called “chasing losses” and it is a very safe way to lose a lot of money. Gambling is in trend and chance is just random.
If you have been this far, we can give a tip on how you can secure your bankroll from losses and at the same time make sure that you “lock in” your winnings. Sometimes you are lucky at the game table and sometimes you are unlucky – often completely independent of your skill in a particular game. When you are lucky and the money rolls in, it is wise to thank for the luck and bring home the winnings. When you are unlucky, it is smart to limit the losses. Many casinos use “floors” and “ceilings” for their bankroll. Before they start playing, they simply set a lower and an upper limit. As soon as the bankroll touches one of the two limits, just get up from the table and stop playing. What limits you should set depends on your level of risk, but an appropriate percentage can be 10 percent of the cash register.