A great Pai Gow money management system will help you save a large amount of money. With a proper strategy in place, you will be able to know when to walk away or when to keep playing. It is important to remember that money management is all based on mathematics.
Managing your bankroll is an essential skill, however, you should always keep in mind that you need to spend money to make money. In this guide, we will look at how you can effectively manage your bankroll. Once you’ve completed reading this guide, you will have the sufficient skills to play Pai Gow.
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Pai Gow Bankroll Management
When you play pai gow, you need to make sure you set a money management system. This will help you walk away when you’ve reached your limit. So, whatever amount you designate for wagering during a single session is known as the bankroll. The session could be from anything from a weeklong holiday, a day, an afternoon or even an hour.
Therefore, the amount of money you set aside will depend vastly on how long the session will be. An important rule to remember is that you should never exceed the bankroll. If all is lost, you should stop all betting. Do not be tempted to go to the ATM or use your credit card to top up your bankroll.
Pai Gow Poker Strategy Betting
Betting on pai gow poker is pretty much easy and straightforward. The objective of the game is to beat the dealer who is also referred to as the banker. The game is played with a 52-card deck which includes the joker card. In pai gow poker, gamblers play with seven cards which are split into a two-card hand and a five-card hand. The better hand of the two has to be the backhand.
After bets have been made, the cards are dealt facing down. If both hands beat the dealer’s hand, then you win. In contrast, the dealer wins when his/ her hand is better than the players. If the game ends and it’s a push meaning there is a tie, then the dealer wins.
Pai Gow Money Management Mistakes
The biggest mistake that beginner players make is to exchange their entire bankroll for chips as soon as they sit on the poker table. We suggest that you take some time before exchanging your entire bankroll. You do not have to use your entire bankroll at once. The trick is to not exchange more than 40% of your bankroll. You should ensure that you keep some funds in reserve and you should prepare to use your bankroll to buy more chips if you need to.
Top Pai Gow Poker Money Management Tips
As we have mentioned a few mistakes that many beginner players may encounter, we share a few tips you can use to better manage your bankroll when you play pai gow. Below we list the top 6 tips you can use the next time you play pai gow:
1. Make Wager 1 or 2 Percent of Your Bankroll
The first and one of the most important factors to keep in mind is to ensure that bets are at least equivalent to roughly 1% or 2% of your entire bankroll. You should always anticipate an additional risk whenever you bet on multiple hands. You need to remember that although big bets might result in big wins, you are likely to witness big losses as well.
2. Use Your Funds Wisely
You should always ensure that you do not overspend. Pace yourself by placing considerable bets. You might see some losses during the first minutes of the game. Therefore, it is important that you start with reasonably smaller bets. You can consider placing bigger bets if you see that lady luck is on your side.
3. Consider How Much You Want to Win
It is important that you take into account how much you want to walk away with. Also, you need to make sure you are realistic about the amount. This means taking your bankroll, the bet size as well as casino into account. You must be practical about your gameplay.
4. Take the House Commission into Account
Whenever you play pai gow, you should always take the house commission into account. Usually, the commission will be 5%. So, before you even start playing, make sure you set aside 5% for the house commission.
5. You Will Not Always Win
Always remember that you will not win all the time. Everyone would like to win every time but that will not always be the case. The truth is, you win some, you lose some. Keep in mind that there are chances that you might lose in a particular session, however, you might win the next one.
6. Know When to Walk Away
The famous saying “winners know when to stop” could not be any fitting. You need to know when you have had enough. Never spend more than you have set aside. Once you have depleted all of the money you set in your bankroll, walk away. This will save you from a lot of trouble of risking your hard-earned money.