can remember several instances of making good use
of our reserves. Once, on a trip to Lake Tahoe, We
brought $1,500 with us. The first night there We lost
$600, the next morning another $250. If We had been
playing with scared money and had only brought about
$1,000, between meals, room, and carfare We might
have had only a few dollars left, packed it all in,
and gone back to San Francisco.
But We still had about $650 in reserve, and my luck
finally turned. Within a day We was even; by the end
of my stay I left Tahoe with $1,000 more than We had
WeI had a similar experience in Vegas, visiting the
city one time to meet some friends who were due the
next day. We arrived on a Thursday night, and by midnight
We had dropped close to $900 of my $1,500. But my
reserves again pulled me through. By the time my pals
came, We had a big smile on my face and a wallet loaded
with casino banknotes.
To summarize the formula for successful money management:
Your total bankroll should be 7 to 10 times the
The single bankroll should be 50 times the minimum
bet to be played at the table.
If losing 40 times the minimum, or 40 units, pack
away the remaining 10 units unless the deck is favorable
and get away from the table.
If you've lost a1150 units, leave the table and
never, never reach into your pocket for more money
the end of a tournament, the players in the money
are (or should be) acutely aware of how much money
they stand to make with each ladder climb. While this
is a financially prudent approach, it nonetheless
creates an opportunity for the aware and alert player.
notice that a player has gone into a holding pattern,
refusing to play a hand until someone has been knocked
out, you can take advantage of the situation by raising
this player's blind with any two cards.