Blog

Little Wins

Before you walk into any casino and before you walk up to any craps table you must know how much you want to win before you start.  It must be a specific, realistic and attainable goal based on the size of your bankroll and buy-in.

I was fortunate to be at an event in Phoenix, Arizona where Sharon Lechter was the quest speaker.  During her presentation, Ms. Lechter made the statement "little wins is what it's all about."  This struck home with me because I teach people who play craps to be satisfied with the "little wins."

Here is why it's important to keep everything in perspective.  Let's say you have a $ 1,000 bankroll and you nuy-in for $ 100.  Your goal should be to win 20% of the buy-in or $ 20 within one hour or less.  Now $ 20 might not seem like a lot of money, but if you played for three (3) hours (taking breaks in between, of course), you would win $ 60 for the day.  If you played only 10 days per month, you earn $ 600 for the month.  Again, if your initial bankroll started at ,000 and you made $ 600 in one month that is a 60% return on your money in one month.  Little wins do add up.  How many people would like to earn 6% on their money in one year let alone in a month?

If you have a larger bankroll and can buy-in for $ 1,000 your goal to make 20% in an hour or less would be $ 200.  If you play 2 to 3 hours per day you would earn $ 400 to $ 600 per day.  Playing 10 days per month equals $ 4,000 to ,000 per month.  Same percentage, just a larger buy-in.  But for many of you I am certain $ 4,000 to $ 6,000 per month sounds a lot more exciting than $ 600 per month.