The first
rule is the most important of all rules of gambling.
Don't play with money you can't afford to lose.
This can't be repeated or stressed often enough.
No matter how skillful a player you are, no matter
how lucky you feel, if you're gambling with money
you can't afford to lose, you're asking for trouble.
And above all, don't borrow money to gamble with.
This leads to disaster. Don't ask for casino credit
if you'll have to dig into savings or use essential
money to repay the losses.
After you've decided that you can gamble with
a certain amount, play according to your gambling
bankroll. If you have $1,000, don't start betting
$100 chips and risk losing everything before you
have a chance to start a winning cycle.
The page on blackjack, craps, and baccarat deal
fully with the proper total bankroll for the game,
the single session bankroll, and the limits of
play according to the bankroll. Study these carefully
before playing any of these games for real money,
for the sections on money management are just
as important as those on correct playing strategies.
One rule
constantly stressed in these sections is not to
play with scared money, that is, money that is
insufficient for the game you're playing. If you're
at a $25 table in blackjack and have only $200,
you're undercapitalized, and you'll either have
to forgo higher bets in favorable situations or,
worse still, make foolishly high bets in the hope
of increasing your bankroll so that you can properly
play the game for correct stakes. Either move
is bad. Always play with adequate funds, or don't
play at all. Be patient. Save up until you can
properly bet what you have to in order to take
full advantage of the game you're playing.