If you are planning on gambling
in hopes of not going broke
quickly you will need to determine
how much of a bankroll you will
need in order to play comfortably.
To do this simply use the following
equation – your total
bet x number of hands (bets)
per hour x number of hours played
x casino house edge = your expected
win or loss hourly rate. This
win/loss rate is to provide
a general idea and is not a
specific calculation of what
you will lose or win. You should
at the very least be able to
sit down at the table and play
each hand for one hour.
Bankroll
Needed Will Depend on the Game
Your bankroll is going to vary
depending on the game you play
and of course the house advantage
and speed of the game. If you
were to sit down and play Let
it Ride at $5 you would lose
on average about $10.50 ($5
x 60 x 1 x .0350%) Since Let
It Ride is the only game which
allows you to pull bets back,
you won’t be letting your
first two bets ride unless you
have a pair of tens or better
or, you’re in a position
where you have favourable odds
to hit your hand. Because of
this you can easily sit down
at a table with $300 (60 times
your bet) and play comfortably
without having to worry about
losing your money quickly since
your average expected loss is
$10.50/ hour.
This will change drastically
with each game since some of
the casino games allow you to
bet at a significantly faster
rate- Craps is one of them. Slot players can spin
the reels up to 1000 times per
hour. If you were playing a
quarter 3 reel slot and placing
a max bet on each spin, your
average expected loss rate would
be $135/hr which is considerably
higher then Let It Ride.
Extending Your Bankroll
If your trip to the casino
is an extended one you will
obviously want to extend your
bankroll as long as you can
to continue to play without
dipping into any additional
funds. To do this you can follow
a few simple steps listed below;
- Don’t play heads up
against the dealer
- Cash out more frequently
at the slots and never use
the automatic spin button
- Opt for manual shuffled
table games vs. those that
use a shoe
- Choose Pai
Gow Poker and Let
it Ride over Three Card Poker or Caribbean Stud. These games
tend to take longer, meaning
less hands per hour.
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