tough, smart player who uses the strategy outlined
earlier in this page is in a winning position. He's
giving the house only a minimal advantage on any bet,
and a short winning steak can bring him a lot of their
cash. To make his bets correctly, he must go through
a complete cycle of betting one pass-line wager with
double odds and then two come bets established, both
with double odds.
Your bankroll for any one session should permit you
to complete seven to ten cycles of betting. If you're
betting $2 ~ on the pass line and taking double odds,
you will invest about $20 on a full cycle of betting.
Therefore, you should have at 3east $140 with you
at the table to withstand a run of bad luck.
To reverse the situation, if you bring $150 to the
craps table, you'd be foolish to bet more than $2
on your pass-line bet and risk the chance of losing
your bankroll quickly after a few runs of cold dice.
If you're betting $5 and taking double odds, You're
in danger of being tapped out before you can get a
Winning streak going or before that inevitable hot
roll comes Along.
This isn't to say that the player should expect to
lose, but losses do occur and dice run cold, and the
right bettor should be prepared for this situation.
A player betting with $5 chips at a double odds table
will need approximately $100 for a complete cycle
of pass line and two come bets. Therefore, he should
have at least $700 with him at the table, insuring
that he won't be wiped out by a run of bad luck. If
a player needs $700 for a single session of play,
his total bankroll should be at least $5,000, or seven
times the single table bankroll.
And a player betting at a single odds table, if he's
a $5 player betting $15 (three units) on the pass
line and come bets, backing up all bets with maximum
odds, will also need about $100 for one complete cycle,
so the single and double odds table require the player
to have approximately the same amount of cash available.
These figures may seem high to someone who hasn't
had experience at the craps tables, but if you want
a lot of action for a few days, you'll need reserves
like those mentioned to overcome the times when you're
going to encounter bad streaks at the tables.
Again, this is not to suggest that all you're going
to do is lose your money. But having these reserves
will enable you to be around when the hot rolls develop
and will give you plenty of breathing space so that
you can retain your self control and not be forced
to make wild and foolish bets in an attempt to recoup
in poker can rank amateurs compete against world class
poker players and sometimes get lucky and win. This
is not true in any other form of competition. You
cannot expect to get lucky playing golf against the
likes of Tiger Woods or survive in the ring against
Riddick Bowe or Lennox Lewis. In fact, you wouldn't
even be allowed on the course or in the ring! But
anyone with the money can sit down with Chris Ferguson,
Annie Duke, or Andy Glazer-and maybe get lucky and
Do not start out playing with more money than you
can comfortably afford to lose and be realistic. If
you lose your bankroll, you'll be out of action. This
is sometimes called "Gambler's Ruin." That
won't allow you to put in the hours necessary to improve
your play and you won't be able to build up a sufficient
bankroll to play higher. You're on the sidelines.