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CASINO TIPS
$1 AND $2 BETS
Supposing you were playing roulette and made even-money bets on Red. Your starting bankroll is 40 dollars. You can't hope to get ahead if you wager $1 each time and collect after every win. As a smart gambler you bet bigger using your winnings, not the money you brought to the table.
This is what would happen if you're on a winning streak and you bet-back your winnings plus one dollar from your original stake in each consecutive round:
1. round: Bet $1, win $1, collect $2
2. round: Bet $2 plus $1, win $3, collect $6
3. round: Bet $6 plus $1, win $7, collect $14
4. round: Bet $14 plus $1, win $15, collect $30
5. round: Bet $30 plus $1, win $31, collect $62
6. round: Bet $62 plus $1, win $63, collect $126
Five- or six-round streaks are not uncommon, As long as you bet only one unit of your own money each round, you won't get into much trouble.
$5 AND HIGHER BETS
For table minimums of $5 and up:
1. Plunk down $40 and get eight $5 chips.
2. Make four consecutive $5 bets, win or lose. If you haven't won at least two of the four rounds, collect your remaining chips and try another table.
3. Quit and leave the table if you lose three bets in a row.
4. As long as you have more than four chips left, continue betting one unit at a time. Leave the table if you lose $20.
Once you're ahead by $10 and as long as you keep winning, increase the amount of your bet by $5 each time. As soon as you have a losing round, start back at the table minimum. Quit and take a break if you lose three times in a row.
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$1 and $2 Bets