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What Warren Buffett Can Teach You About Casinos

There is a vast difference between casual gaming, whether online or at the brick-and-mortar casinos, and becoming what one would call a high roller. Casual gamers can play for free. They can take the time to learn the basics of the games they choose to play, and focus on fun. And that sense of fun does not have to go away when one starts playing for money, but it cannot be the overshadowing aspect of the gaming experience.

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After all, things get a little more complicated when money enters into the equation. Taking that $100 and raising another $100 might seem like a good idea when you are playing for fun, but when the losses get a little more real, so does the daring. The first thing you need to realize before becoming a high roller is that you will lose. Losing is a part of the game, and it is how you manage those losses that will determine whether or not you will become a winner.

High roller casinos are a place where you can make an impact, but first, you will have to keep these things in mind:

1. Know thy game: All high roller casinos feature a variety of ways for you to make money. In fact, some places have more than 150 games for you to choose from. Trying to become a master of all of them will make you a master of none, and as such, the chances of becoming a high roller are greatly reduced. It is best for you to experiment until you can find something that is easy to play and understand, and that makes you feel comfortable. Comfort is such a huge essential when it comes to playing the games, and the more of it you can deliver to yourself, the better off you will become.

2. Develop a budget: Determine your bankroll early, and do not deviate from it. That is the quickest way to lose money. If you can afford $1,000, then leave it at that. Thinking it will just take you one more hand or turn of the slot or roll of the roulette ball to break even can cause you to lose even bigger. And the more that happens, the worse toll it can take on your personal life, your job, and your family.

3. Maintain a steady pace: When there is a 1% house edge, playing $100 in one hour sets expectations of a $1 loss per hour. Keep things such as this in mind when you are setting your bankroll and placing your bets. Winning and losing are staples of any casino game, online or otherwise, and how you manage those wins and losses determines, ultimately, how you will end up at the end of the evening.

4. Control the emotional aspect of your game: A losing streak can wreak havoc on your confidence and your capabilities, whether at a poker table or roulette wheel. By the same token, an extended winning streak can create feelings of overconfidence that may lead to bigger losses down the road. It is important to keep your cool when playing the high roller casinos if you expect to show that you belong.

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