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Locking Up Your Winnings: A Casino Strategy

In order for one to have a proper approach in playing at a casino, one should treat the casino itself as a large game. That is why the best strategy for a night of gambling is not one that is focused on a single game, but on the whole gambling session itself.

A valuable strategy in a casino is locking up a win. To lock up a win, one needs to set a limit as to how much one is willing to re-gamble out of your current winnings.

Locking up a win is easy if you follow three steps: have a goal, split the pot, and walk away.

1. Have a goal

Instead of playing aimlessly at the tables or machines, try to have a goal as to how much you want to win. Of course, one must make a realistic aim: you can't expect to win 300% of your bet that easily.

Set up two goals: one lower than your original bankroll, and one that you expect when the odds favor you. The former will be used in case you are on a losing streak, and will be called your loss limit. The latter will be in case you win, and will be your win goal.

2. Split the pot

In the instance that you do win, do not re-gamble all of your winnings. Split the pot in such a way that you get to keep your planned win goal. You may then freely re-gamble the excess. If the amount you won is less than or just equivalent to your win goal, try to keep an amount higher than your loss limit. By doing this, you make sure that you leave the casino with at least your original bankroll in your pocket.

3. Walk away

This means walking out of the casino while you still have your winnings. We have to admit that it is much easier to leave when one has lost all of their money than while on a winning streak. But always remember: casino games always have a negative expectation, which means that most of the time you are going to lose.

It would be best if one has the mindset of beating the casino instead of just winning a game. By doing that, you would not fall easily into the trap of returning that hard-earned cash you have just won to the house. Lock up your winnings so that you do go home a real winner in the larger game that is the casino. Just remember: set a goal, split the pot, and walk away.