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Category: Money Management

Money Management 101

How to handle and protect your precious casino bankroll By Bill Burton   The term “money management” can take on a multitude of meanings for different people. When I was a kid, for instance, my parents wanted to instill the value of money and teach me to be responsible by giving me a weekly allowance.  […]

Are You Going Overboard on casino?

10 Signs you may be gambling too much in Casino by Frank Scoblete   Drinking, eating, running and gambling all have one thing in common:  You can get so hooked on them that they become obsessive negative endeavors instead of positively fun ones. Obviously, a glass or two of wine at dinner and a cocktail […]

How Does It Pay? Payback percentage

Understanding payback percentages By Frank Legato   “Payback percentage” is one of the most misunderstood terms in the casino industry. Many players think it means how much of the money they put in a game that will come back to them in jackpots. Others think that the casino has a switch somewhere that officials can […]

The Tax Man Cometh

Strategies to help you keep more of what you win by Basil Nestor   Gambling income is taxed like regular income, so you may owe substantial money unless you can prove that your gambling activities generated an offsetting loss. It’s spring…which means get ready to pay gambling taxes! Gambling taxes, you say? Yes, you must […]

Risk Of Ruin – Blackjack

What are the chances of you doubling your blackjack bankroll vs. busting out? by Henry Tamburin   Do you think the probability of doubling your bankroll would increase or decrease if you decreased your starting bankroll, say, from $200 to $100? Or what if you started with a bigger bankroll? Do you think that would […]

After The Jackpot Slot Games

The dream of every slot player—winning a life-changing jackpot—can turn into a financial nightmare if you don’t manage your money properly. Here are some tips to prepare you for hitting the big one. By Ted Oglesby   In the October issue of Strictly Slots, Bill Burton wrote a very interesting article about how easy it […]

Double Or Nothing Bankroll

What’s the fastest way to double your bankroll, when you’re willing to risk losing it all?   If you or I really wanted to go about this risky business, what would we play? To start with, you’d want to avoid any multi-part bets. We’re looking for a game that allows us to put all of […]

Found Money Is Often Lost – Jackpot

How prepared are you to win a life-altering jackpot? By Bill Burton   I’m sure many of you have read about athletes who signed multi-million dollar contracts right out of school, only to wind up broke after their playing careers ended. They essentially won the equivalent of a life-changing jackpot, but squandered it due to […]

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