Craps Money Management

The basics of money management are easy enough. The hard part is discipline. First is the money itself. Don't bring a couple of thousand to the table if you can't afford to lose it.

Bring an amount that you are comfortable to lose. I always make sure that I have enough to pay my bills before I leave for the casino, then I bring an amount that will cover gaming and cash expenses for my trip.

Planning how you'll use your money is next. I like to have at least 2 sessions at the craps table a day. Sometimes I'll gamble in the afternoon and again at night or gamble twice at night. I'll divvy up my money accordingly.

Play only that amount for that session. Don't go into your pocket for more. If you are losing, don't play down to your last dollar. Always leave the table with at least a few dollars. Saving some money from a couple of losing sessions will give you something towards another try at the tables. When winning, always put your starting stake plus a little profit on the side. You can play with what's left. If you continue to win, keep adding to your profit. If you start to lose, walk away when you have nothing left but your profit and starting stake.

Discipline is key here. If you lose, you lose. Don't let anger get the best of you. Don't feel like you have to even the score. You need the ability to walk away from the table whether you're there for 5 minutes of 5 hours. Sometimes you'll win right off the bat, so you put some profit on the side and then the table changes and you start to lose. Now you leave. Be grateful that you won and just leave. Don't feel that because you are there for a short while that you have to continue to play. The tables aren't going anywhere and there's nothing worse than continuing to play and winding up being a loser for that session.

See the Craps Pit database under betting systems for more specific methods.