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Be smart, play smart, learn how to play craps the right way!  Take a look at my article titled Win-Loss Limits.  Simply go to my Free Articles page in the menu bar
above and click on the article title to start learning to play craps the right way.

I've read a lot of my colleagues' books and articles and, as best I can remember, they all say that failing to set win/loss limits is one of the worst things you can
do.  I disagree--partially.

I agree with setting loss limits.  Divide your vacation time into sessions and set firm loss limits for each session.  Without them, you could go broke the first day
and have to spend the rest of your Vegas vacation watching the fountains and sinking pirate ship 10 times a day.  Therefore, disciplined loss limits allow you to
manage your money so you don't go broke before it's time to go home.

I disagree that you should also always set win limits ("always" is the key word).  Many of my colleagues advocate quitting when your winning streak ends.  If
you're a local and can return to the table day after day without restriction, then perhaps win limits may serve some purpose.  But if you're an occasional gambler
who visits Vegas twice a year, I believe that win limits are generally inappropriate.

Suppose you start your four-day vacation by playing your first craps session.  Suppose your win/loss goal is to quit the session if you lose your $100 buy-in or if
you get $150 ahead.  Two minutes after you buy-in, the table goes berserk with a blistering hot roll.  The shooter throws for almost an hour without a 7-out.  You
interrupt your screaming, jumping up and down, hugging, and kissing to count your chips.  Holy cow, you're $900 ahead!  The shooter finally rolls a 7-out.  Now
what?  You've won six times your original win goal.  Do you quit?  If so, how long do you quit?  Do you quit altogether and not play the rest of your trip?  If you
quit, what will you do in the time that you planned to play craps?

For more valuable information about win-loss limits, go to my Articles page and click on the title
Win-Loss Limits.  Now you know!  Remember, learn how to play
craps the right way.