Is proper money management the most important gambling skill?

[onthewhat]

I say yes, basically because you have no shot at winning of you start chasing or betting over your head

This is my main problem, I got buried at casino last night. Was up like 150 and lost that on 3 hands because I started chasing, had a big hand (my 10 vs dealer 6 and doubled, ended with 13, dealer turns over 5 for 11 and gets there of course) and lost all of my profits right there, then ended up all in and buried.

You cannot win at gambling unless you have proper money management.

[Fishhead]

It sure is!!!!

[LT Profits]

It is the SECOND most important skill after identifying +EV bets. If you are not betting +EV, you will lose regardless of you money managenent.

That said, you have to be good at both to win long term.

[MrEyeball]

Anybody hear about the Bookie Buster?

Its some type of Martingale you divide your bet by 5 and seperate it 3 equal parts. if you loose you double your bets.

ex 500/5= 100x2=200


200-100-200

You bet $400 and if you loose you bet 400+500 and use the same formula if you win you bet 100.

This guy explained to me at a bar but Its just another type of chase isnt it?
He says he has made 5K doing this.. just another scam right?

[EaglesPhan36]

1. Pick Winners.
2. Money Management.
3. Enjoy the profits.

That's all you need to know IMO.

[AMBlai01]

Herman you need to stop going to the Casino....

[Justin7]

If you're playing blackjack at a Casino,
1. You had better be counting; and
2. You had better have at least 3k to play with, and that's part of a 15k roll.


No chance if you're only working with a few hundred.

[onthewhat]

I have no chance

[pavyracer]

Most important gambling skill is to be able to bet less than what you can afford to lose.

[Justin7]

Beaverball lines up!

Sadly, just $100 limits at Pinny

[tullamore]

Fading JJ's spreadsheet is the # 1 skill.