Originally posted on 11/24/2010:

The best way to accept a losing night is to not put yourself in a position where you'll regret losing. It sounds contradictory, but what I'm trying to say is: only bet what you're willing to lose. Say your bankroll is $1000. If you're new to this business, don't try to hit a homerun and bet $100 on a play. Sure, it feels good when you cash that $100 play, but it'll feel a lot worse when you lose it.

Bet what you can afford to lose! Maybe your units are $20, and you have an 0-3 night. So you're down $60~ or so. Compared to your bankroll size of $1000, you can live to see another day. But if you go ahead and swing for the fences and bet $100 on each play, you have an 0-3 night, you're down $300~ and suddenly you've depleted 30% of your bankroll. You'll feel miserable.

Money management! Everyone talks about it, hardly anyone uses it, and that's why they've gotta refill their accounts all the time. Don't get in over your head. Bet small, and use the time as an opportunity to gain experience.