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87. How to Manage Your Bankroll<br />

The first step in proper management of your bankroll is to budget a given<br />

amount to gamble with and then stick to that amount - win, lose or draw.<br />

This is an essential step in responsible gambling.<br />

The size of your bankroll now determines your bet unit. If you are a<br />

conservative player, your bet unit should be 1% of your bankroll. For<br />

example, with a $500 bankroll your bet unit is $5 ($500 x .01 = $5). If you<br />

are an aggressive player, 2% of your bankroll may be used as your bet unit<br />

(with a $500 bankroll, your bet unit would be $500 x .02, which is $10).<br />

The important fact to remember when establishing your bet unit is that the<br />

fewer the units, the higher the risk of bottoming out during a gaming<br />

session.<br />

At times you can have extremely wild fluctuations in your bankroll - both<br />

positive and negative. This is the price we pay to play. Knowing this, the<br />

best bet you can ever make is to walk away from the casino game when<br />

you find yourself in the positive range (i.e., a winner). The longer you play<br />

the more you increase your chance of getting closer to a negative outcome<br />

(i.e., a loser).<br />

The best advice to follow is to never play games you cannot afford,<br />

never make wagers beyond your predetermined limit, and always<br />

quit when you're ahead.<br />

Raymond Lai, http://www.101roulettewinningtips.com<br />

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