I cover this topic in virtually every craps seminar I do. Why? Because every player I know needs to be reminded of the Seven Deadly Sins early and often – and that includes me. What are the Seven Deadly Sins of Craps? Take a look and then think about how many of them you’re guilty of.
1. Betting when you don’t have an advantage. Players who wager on every shooter who touches the dice are driven by false hopes and unreal expectations. A random stroke of good fortune can make things even worse – reinforcing the player’s mistakes and leading him to repeat them in the future. Be content to win consistently on your own hands and the hands of qualified shooters you trust. Anything else is just gambling.
2. Playing with an insufficient bankroll. You see it everyday – players stepping up to the table, buying in for $100, then putting the entire stake into action. The player has about as much chance of winning as a gang-banger armed with a cap pistol shooting it out with the police. If you are an advantage player you should size your wagers according to two things – your bankroll and your positive expectation. If you are betting beyond that you are just asking for trouble. And if you’re buying in for $100 you’d better be playing a $1 game.
3. Failing to maintain discipline. I define discipline as how you manage your emotions at the table. For some players, losses are a catalyst that triggers irrational actions. They lose control of their emotions and stay too long at the table. They double up after losing in an effort to “get back” in the game. They just know that “things have to turn around” eventually. But hanging around and trying to get even is the gambler’s curse. Instead of increasing your bets in an effort to recoup your losses all at once, view your play as Lance Armstrong did the Tour de France. You’re not going to win every leg of the race; it’s the overall final decision that counts.
4. Impatience. In our eagerness to play, it is not uncommon for crapshooters to believe they see something that isn’t really there. It may be a Don’t trend or a streak on the sixes and eights. Or you may think another shooter at the table is tossing with an edge and you mistakenly try to capitalize on it. Relax. The game isn’t going anywhere. Don’t play just to get in the action. Wait until you know you are playing with an advantage – then strike.
5. Failing to set objectives. It is amazing how many players step up to the table without a win objective or loss limit in mind. Refusing to properly and intelligently approach theses aspects of the game will set you up to fail. There’s an old Management by Objectives theory that applies quite well to what we do every day in the casinos. “What gets measured gets done.”
6. Listening to bad betting advice. The Internet and gaming magazines are chock full of unscrupulous individuals who will provide you with a ‘sure win’ betting strategy in exchange for a few of your hard earned bucks. These people range from high-end system sellers to self-proclaimed best selling authors. Save your money for the tables. Still unconvinced? Virtually every system on the market is available on-line in one form or another for free. There’s nothing new in the world of craps betting except the packaging. Remember, don’t spend good money on bad books. Just stick to betting the lowest vig bets on advantage shooters and you’ll do fine.
7. Playing a hunch and other superstitious claptrap. Let’s face it. In craps, hunches are a dime a dozen and superstitions are bad luck. If you are going to place money in action or take money out of action – at least have a valid reason for doing so. That means you put money into action when you have an edge – and you take it down when you don’t.