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Attitude and planning
Players who over-bet and play out of
their league are easily recognised, and for the main
part, warmly welcomed by the casinos. Often they are
more concerned with how many people are watching them
play rather than how much they are winning. A professional
cares only about their bankroll. At least once their
bankroll is at a healthy premium, they can place these
large bets and afford to lose them, as opposed to those
who have sadly succumb to this macho mentality, and
play recklessly with money they can often ill-afford
to lose.
Most casinos (both physical and on-line) are usually
more than happy to provide a player with credit if they
have the necessary funds to cover their potential losses.
There are definite advantages to this, but for the vast
majority of players it is inadvisable.
After losing large stakes, lines of credit make it
dangerously easy for a player to obtain ready money
that they can often ill-afford to lose. In addition,
it can limit their play to that particular game when
more favourable playing conditions may be found elsewhere.
The lure of playing beyond one’s financial limits
is difficult to ignore. Whether it be the sense of superiority
gained from placing high wagers, or being too proud
to admit that they cannot really count, it all falls
under the same fatal heading – machismo.
Naturally it is more exciting to bet £100 instead
of £5. It is this type of emotion-fuelled play
that will be the players undoing (a point which the
casinos are well aware of, hence the free alcohol).
A smart player always knows when they have reached
their playing limit. This point is often referred to
as a “stop-loss limit”. Although this limit
varies with the individual, it is usually around a third
of the player’s total playing stake for that session.
If a player consistently encounters failure at a particular
machine, and is down two thirds of their playing stake,
they would be wise to at least change machines, if not
quit the session altogether.
The same applies to winning streaks. If a player makes
a habit of quitting every time they are up two-thirds
on their original total then they will always be quitting
while they are ahead.
Before a player embarks on a game, they should always
pre-designate a point at which they should stop. Carrying
on regardless, whether on a winning or losing streak,
can often push the player into a state of mind, where
they may make foolish decisions that cost them money.
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