Craps Money Management
Few casino games emphasize the importance of money management than in craps. Due to the nature of craps, you can win and lose money very quickly. Those who don't keep track of their money are likely to find themselves without much sooner than anticipated.
Money Management in Craps: Have a Plan
In craps, there's always something to bet on. Even if you avoid the risky proposition bets, you can always put down a come bet or place a specific number. Furthermore, unlike other casino games, the rounds in craps are indefinite. The action continues until the shooter sevens out.
Therefore, in order to protect your bankroll you should make a decision how much you are going to bet on each shooter. Remember that to play correctly you will need to place odds bets behind your pass line or come bets, so set money aside for this as well.
General Money Management: Keep Craps Your Bankroll Separate
It's vital that you keep your craps bankroll separate from money earmarked for other things. It's always tempting to pull out more money to bet on a hot shooter. Keep in mind though, that one inopportune seven could wipe the board clean. If you are foolish enough to mingle personal finances with gambling funds, this may leave you scrounging for cash to pay the rent.
Wise craps money management is the same as sound money management for gambling in general. Always gamble responsibly and only bet what you can afford to lose. Try to bring only your gambling money (plus travel/food expenses) to the casino. Leave your credit and debit cards at home and don't get any casino credit. If you lose your stake, leave. The casino will still be there when you have the funds to play again.