Lock in your winnings!
I am going to talk about something today which completely transformed my casino play because it is a method that I started to use which meant that when I won at the casino, I was able to protect the money that I had already won.
This particular method is commonly used by stock market investors and it is called the ‘stop loss’ system and the best way that I can describe to you how it works is by giving you an example.
Let’s imagine that you go to a casino and give yourself $100 to play with. Now you know that this amount of money will give you a great nights entertainment and even though the last thing that you want to do is lose that money, if you do, it won’t be the end of the world and you know that it would be difficult to beat the great evening that you are about to enjoy.
Anyway, let’s say that luck is on your side and after a couple of hours play you are up to $500. Some people would say walk away whilst you are winning whist others would say carry on playing, risking all that you have to win even more.
Delaware Poker at the Delaware Park poker room in Wilmington, Delaware, offers a poker players a 25-table poker room, 20-table dedicated tournament room and tons of promotions, including freeroll poker tournaments, bonnus sweepstakes table games, bad beat jackpots and much more.
There is a better way though, especially if you feel that your luck is in and you wish to continue and that is to ‘lock in’ $400 of that profit and say to yourself if you lose the remaining $100, you will call it a day.
The best way to do this is to cash in $400 of chips to resist any temptation and then continue as before. If you carry on winning, do the same again but always remember, when you have lost that $100 you will walk away.
There are obviously variations of this technique; you could say to yourself that you will just cash in $100 so you are in effect playing with the casinos money instead of your own.
The golden rule is though, to do what you are comfortable with but one thing is for sure, when you lock in your winnings in this way you will have a big smile on your face after another great evening’s entertainment at your local casino.
Take advantage of your winning streak and ensure that you walk out of the casino in Delaware Park betting with more money than you went in with.