Bankroll Management Tips for Craps Players

Craps is a fun game to play, whether online or in a live, brick-and-mortar casino but there is always a chance to go broke. To avoid losing their money and ensure more time and more excitement on the craps table, players should learn how to manage their funds in an optimal way. This starts with setting up a proper bankroll and knowing how much to bet on each roll of the dice.

Before going further into the concept known as bankroll management, craps players should take a couple of things into consideration. First and foremost, craps is a negative expectation game, which means that even those who apply the perfect strategy are likely to lose money.

The house edge, built within the game, is impossible to overcome and the longer you play, the less likely it is to turn a profit. This is why it is important to dispel one of the most common myths in craps play and in gambling, as a whole – having a sizable bankroll cannot help players win more money. It can, however, help them minimize the expected losses.

Before setting up a bankroll, those who have chosen to play craps should also decide whether they wish to be recreational or advantage players. Most people gamble for fun and only a small fraction of them could be called professional or advantage players – in craps, in particular, this includes either some form of cheating or hunting for comps and bonuses. Everyone else on the craps table knows well that by losing money, they simply pay for the entertainment and the chance of scooping a nice profit only adds to the excitement of the game.

Craps Bankroll Management Fundamentals

How to Determine the Proper Bankroll?
Betting Units and Bankroll

Bankroll Management Tips

Bankroll management, even if done perfectly, cannot eliminate chance and bad luck in this game. It cannot prevent losing one’s entire bankroll, nor can it guarantee winnings. However, players who devise a plan and stick to it throughout their game are less likely to go broke. In fact, with little luck, a good bankroll management plan would give players more chances to make a profit while they are on the craps table.

Along with setting up a bankroll and sizing it appropriately, there are several essential steps every craps player should make before risking their money. This includes formulating a basic playing strategy, taking precautions against going broke, and taking advantage of the various bonuses and loyalty programs offered by casinos.

Good and Bad Craps Bets
Setting Time Limits
Setting up Win or Loss Limits
Setting aside Half of the Profits
Using Progressive Systems in Craps
Taking Advantage of Comp Programs