Know the Odds
This may seem like basic advice, but you’d be surprised how many people actually think they have an edge over the House. Regardless of how good you are, or how much experience you have, or what technique you use, the casinos have been at this for a lot longer than you have. The odds are stacked in their favor, and while you may win in the short term, you will eventually lose. Knowing this can keep help keep your head clear.
Take What You can Lose
I used to be asked which machine paid out the most often in the casino, and my answer was always the same; “The one with the letters A-T-M on the front.” When you decide to go to the casino, you must assume that you are going to lose, and treat it as such. Take no more than that amount in cash. Leave your checkbook and credit cards in the room or at home. When you have played through the cash in your pocket, leave.
Know When to Quit
The casinos love to quote the old adage, “A winner never quits and a quitter never wins,” but the opposite is true when it comes to gambling. My wife and I have a standing rule: we play only what we intended to play before we arrived we reach double the amount we came in with (or greater), we cash out and leave. Just as small losses add up quickly, so do small wins. We go to the casino to eat about once every two months or so, and when we go, we usually bring a little extra cash
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