ESTABLISH SESSION GOALS
So now that you have set your session start amount and you have decided on a betting system, you are ready to start thinking about setting goals and the action you will take when you reach those goals.
Determine Your First Goal
Deciding on what your first goal should be for a session is a little like deciding how much you will bet on each spin. The higher your goal is, the higher your risk is, primarily because the higher a goal is the longer it may take to achieve. And once again, the longer you are exposed to the game, the more likely it is that the house will get your money. Therefore, if you have a $100 session start amount and your bet start amount is $5 then setting a goal to double your money is not practical. A goal of 10-30% is achievable, however. Don’t worry if this doesn’t sound like a lot, we are not done yet.
Determine Your First Goal Action
Next you need to decide what you will do when you reach your goal. There are two basic choices. The first is the simplest. You take your money and leave the table! This is the least risky thing to do and will ensure you keep everything you won. Now some of you are probably saying, stop after winning only $30? You must be kidding. Let’s go back to our investment analogy. A broker tells you he has a great deal. He only needs your investment for half and hour or so and you will gain 30%. Will you take that or will you tell him your not interested unless you will gain 50-100%. I think you will most likely take the thirty.
The second choice you have after reaching a goal is to pocket some of the money and continue to play. After all, if you feel you are on a winning streak, you don’t want to stop. By pocketing, we mean take the money out of play for the session. Set it aside and don’t touch it again. On your first goal, you should always pocket at least the entire start amount. This protects your initial investment and allows you to use it again at another session. You should also pocket some portion of your winnings as well.
If you decide you want to continue to play, there are three more decisions you will need to make:
- What will your next goal be
- How much will you pocket when you reach the goal
- How will you adjust your betting system
There are several considerations for setting recurring goals. As we said before, the larger the goal, the greater the risk. Similar to the issues in betting systems, the higher the goals you set the higher the risk in your session. Smaller goals are easily reached but they leave less money in play after the pocket.
Here are several approaches:
- Set new goals by a fixed amount
When you reach a goal, add a fixed amount to the total bank amount to set the new goal. For instance, you could set a new goal that is $20 greater every time you reach a goal.
- Set new goals by an increasing amount
When you reach a goal, add an increasingly larger amount. So, on a first goal, you might add $20. When that goal is reached you might add $40 and then $60 and so on.
As we said before, you also need to consider how much you will bet when you reach a goal. If you are using a flat bet system, you could increase the bet amount by some factor on each goal level. If you are using a progression betting system, you may want to reset the betting back to the start amount. In any case, you will need to coordinate the bet amount with the amount left in play after pocketing.
This is the best way to allow for continued game play without risking your hard earned cash.