It’s easy to leave the casino when all your money is gone. It takes discipline to walk away when you are in the lead. Discipline and control are what separates the winners from the losers. If you don’t learn how to handle your money the casino will do it for you when they get it! Many players win while playing then bet it all back. They rationalize that they are playing with the casino money.
Once you win a bet it is your money, not the casinos money. You should treat it accordingly. Churn is the term used to explain when you replay your money. The casino is counting on you to churn your winnings because eventually they will get it all back. The house edge will slowly eat away your winnings as you replay them.
The goal to manage your money is to bet more when you are winning and less when you are losing. This is easier said than done cause you don’t know if you are on a winning or losing streak until you are done. Don’t ever borrow money or take cash advances on credit cards for gambling. The fees you use on your credit card are huge.
