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Step 2:
Establish an Attainable Goal
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Almost
every gambler
that I have
ever spoken
with has had
really high
hopes right
before they
started playing.
Whether you
admit it or
not before the
action gets
going, I'll
bet you secretly
think that you
can turn that
$100 stake into
thousands.
While
it does happen (usually
to a friend whose friend's
roommate who swears by
their system) the sad
truth is that gamblers
should consider that scenario
like they do getting struck
by lightning: it's not
going to happen to them.
At least not with any
regularity to account
for all of the previous
losses.
If
you really want to be
a threat to any online
casino - or land-based
casino for that matter
- be happy accepting the
small returns based solely
on your bankroll, and
walk away once you're
ahead. It's been estimated
that at any point over
80% of the gamblers are
ahead while playing. But
the amount who walk away
a winner is much smaller,
around 7%. How many times
have you been ahead and
finished up in that 93%?
Okay,
enough preaching. So
how much should you
expect to win? While
I've seen higher, the
value many professional
gamblers suggest (myself
included) is 30% of
your initial bankroll.
30%. That's it. So let's
say you have a bankroll
of $1,000. Your goal
for that day is simple:
$300. I know it isn't
quite the stuff dreams
are made of, especially
for those of you who
want to take a shot
with a much smaller
amount, like $50 (who
wants to win $15?) but
30% is the most any
player can realistically
expect to take away
from a casino, especially
an online casino where
almost everything is
left up to statistical
chance. But remember
a win, no matter how
small, is still better
than a loss
Before
we move onto step three,
I would like to clarify
one last point to your
goals. Setting a goal
does not mean that you
walk away the second
you have hit your mark.
While that's not altogether
a bad thing (since you
have the check in the
win column at that point)
you also have to consider
that its difficult to
pull ahead and walking
away during a particularly
hot trend could be counter-productive.
Hot streaks rarely happen,
and it is in your best
interest to take advantage
of them when they do
finally make their way
over to you. The 30%
is not a rule, just
a guideline; an amount
that you should have
in the back of your
mind while playing as
it represents a logical
and reasonable win expectation.
Online
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Gambling
Quote
"Whether at Binion¹s World Series or
played for pennies around the kitchen table, poker
makes con jobs not only legal, but lucrative." James McManus
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