Craps Money Management

Money management is the most important, least understood, and least applied aspect of any gambling strategy. Most people enter a casino with a certain amount of money and gamble until it is gone. That isn't a money management strategy, it is a prescription for disaster. Craps players must have some kind of strategy to manage their bankroll, or it will simply disappear.

This is an extremely simplified money management strategy for a single craps session. It is geared toward the novice craps player. It won't make you rich, but it won't leave you broke either. The numbers quoted are applicable to a $5 minimum table limit.

1. Start with a $200 buy-in.

2. Separate your chips on the rail in front of you into equal $100 groups.

3. Bet from one group only and, if you exhaust that $100 group, LEAVE THE TABLE AND CASH IN YOUR CHIPS.

4. If go up $100, take the original $200 off the table and put it in your pocket. Every time you go over $100 on your rack, put the excess in your pocket. If you exhaust the $100 LEAVE THE TABLE AND CASH IN YOUR CHIPS.

Using this method, you are destined to leave with at least half your session money, if you win, you will leave with at least some of your winnings and your entire original stake.