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Many of the people that play craps online or in casinos will just keep on playing until they lose all of their money. It doesn’t matter if they are $100 ahead or even $500 ahead - they just keep on playing. These people have no win goal.
The reason why you need a win goal is because tables fluctuate. You can be $100 up one moment and $100 down the next. How do you know when to stop and still leave with a profit?
Your win goal should be based on your individual session money, and should be 30% of your buy in. For example if you buy in with $100 and are $30 ahead you should quit .Leave the table and go to your room, or have lunch. Then an hour or so later, buy in with your $130 ($100 plus $30) and quit when you’ve won $39. Be precise. Be disciplined. Follow the plan! Set a win goal and stick to it!
If you keep on playing until you lose all of your money you will do exactly that.
When you play craps you need a definite, unchangeable win goal - something you can (excuse the pun) shoot for. You can't just play haphazardly and hope to win thousands from a $5 bet on a monster roll.
The opposite of a win goal is a loss limit, and it’s also 30% - very easy to remember! If you buy in for $100, you leave when you win or lose $30. If you buy in for $500 you leave when you win or lose $150.
You need a loss limit because if you play thinking that you brought $100 so the most you can lose is $100, then you certainly will lose it all. Some people bring $500 to a casino actually expecting to lose everything. It doesn’t bother them because it was Aextra money that they could afford to spend on entertainment. So they break it up into five sessions of $100 each and just keep on playing until it's all gone.
Now, wouldn’t it be better to come home with $350 rather than nothing? This is what you would still have with five losing sessions and a 30% loss limit. With your $500 split into five $100 sessions, you could lose a maximum of $30 (30% of $100) per session, or a maximum of $150 ($30 x 5) for all five sessions.
One of the cardinal rules of craps is to increase your bets while winning but decrease them while losing. But when many people start losing, they keep on playing as if nothing was different, or worse, they keep increasing their bets.
Don't do it! You need a loss limit, and you need to stick to it.
This article is one of the easiest to read, but the hardest one to use. It goes against the grain of every crapshooter who hopes for that huge roll where he can turn $5 into $50,000. But really, how often does that happen? I know, you have a buddy who knows someone who held the dice for three hours and the casino went broke. Everyone knows someone who knows someone who did this. But we're talking about your own money here. The same money you use for rent, food and your children's shoes.
It is not a disgrace to only win $150. Or even $50. You can always lie to your friends about it. But when it comes to your own hard earned cash, you’ve got to protect it.
Go into a casino or internet session expecting to win Aonly $30 on a $100 buy in. Stop when you reach it. If you're losing, quit when you lose $30. Remember, in five $100 sessions the very most you can lose is $150.
You can, however, win more than $150, because your buy-in increases on each win, even though you have the same win limit! If you win $30 on a $100 buy-in, then your next buy in is $130 ($30 plus $100). So now, instead of a $30 win goal you have a $39 (30% of $130) one! If you win that, your third buy in is $130 plus $39 or $169. Now, your goal is 30% of $169 or $51. Your fourth winning buy in would be $169 plus $51, or $220. 30% of $220 is $66. So now, your fifth and final buy-in would be for $286 ($220 plus $66). 30% of that is $86, which is your fifth and last win goal.
If you win five straight $100 sessions you’ll win $30 + $39 + $51 + $66 + $86, or $272. If you lose.
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