Time and money management are the keys to becoming
an advantage player, for staving there, and for any
short-term approach to a casino gambling session.
I like to express these ideas as eight decisions that
a player must make prior to each gambling session.
Making these decisions will establish the discipline
that most recreational gamblers lack, but that most
winning gamblers possess:
Taken together, these eight decisions constitute a
gambling plan of action for your gambling session.
You should think about each one before leaving home
and write down the parameters of each decision. We
recommend you use a small, three-ring notewebsite.
But even if you don't write down your decisions, at
the very least think them through. Let's examine each
decision in detail.
Blinds are usually required of the player or players
to the dealer's left before cards are dealt. The most
common practice in full-size games is for the first
player to the dealer's left to post a small blind,
equal to half the low bet amount (rounded to an amount
allowed by your chip values), and the player to his
left to place a big blind, equal to the full low bet
amount. Thus, the hand begins with at least one-and-half
little bets in the pot and with at least two players
with a financial incentive to play the hand.
2. In the first betting round, action begins with
the player to the left of the big blind. That player
can either fold, call, or raise; he can't check, because
there is a bet to him. When the action goes around
the table and returns to the blinds, they also must
call the amount of the bet that comes to them to remain
in the hand. (For example, if no one raised, the little
blind would have to call the remaining half of the
little bet amount, and the big blind would be able
3. In addition, the monies from the blinds are "live,"
meaning that players paying them are given the option
to raise (provided the raising hasn't already been
capped) after the action has gone around the table
and returns to them.