The Gentlemen’s Guide to Winning at Craps
As difficult of a game that craps is, there are some ways to put you in a position to win. Like anything, you can employ sound strategies that allow for potential profit. The key is to develop a strategy that you stick to, while also being simple enough to avoid diluting your investment on each wager. Granted, there are lots of get rich quick schemes out there. In fact, many of these schemes are down-right illegal. That isn’t to imply that winning at craps is impossible, it just takes a sound approach. Below are some ways you can put yourself in a fantastic position to profit from playing at craps.
Managing your bankroll
Everyone talks about bankroll management when they discuss casino strategies. The fact is that for all of the discussion about it, you hardly ever see it being implemented when you are out on the casino floor. That is because many of the gamblers out there are treating gambling like a form of entertainment, and not an investment. For those out there willing to grind out a few dollars each session, you have to manage your bankroll to be effective in the long run. Depending on your stakes, this could mean very different things. Let’s say that you are planning on playing with $100, it is probably a good idea to apply a 50% rule and simply walk away whether or not you are up or down $50. For larger bankrolls, 20% will typically be the best practice. Let’s face it; you always want to have some leftover money to spend a bit on shopping or restaurants for that special someone.
Limit yourself to one bet
The biggest way to burn through your bankroll when playing craps is to spread yourself thin on the table. By playing too many bets, you will be playing bets that are in conflict with each. Since the odds are already in the house’s favor, all you are doing is simply cutting into your upside return. Granted, you will enjoy raking more often, but at a cost basis that is much too high. Instead, apply your strategy to one bet per throw, and when you hit, your payoff will be much better in the long run.
Stretch out of your comfort zone. Okay, so you are disciplined and stick to your strategy; with boring efficiency. For whatever reason, your profit margins don’t seem to be to the level that they need to be, or at least should be. No problem, stretch yourself a little. Use your instincts and play some hunches. If you feel the table is heating up, load up your bets a little. Don’t go crazy and over-commit, just increase your bets by an increment that makes sense. If the table has been hot for too long, perhaps it is time to play the contrary role.
This really has nothing to do with increasing your odds of winning, but it is simply the most gentlemen-like thing to do in casinos. Take time to appreciate the dealers who are keeping these games orderly and exciting…and you won’t look cheap!
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