EPISODE 100---------David Medansky--- “Walk Away Craps “ ---”Craps: Playing for the Money”

David Medansky--- “Walk Away Craps “ ---”Craps: Playing for the Money”

David Medansky is a practicing attorney who has studied a number of "games of chance" for more than 20 years. Medansky has worked with several professional gamblers to help develop his techniques and philosophy, and goes to casinos on a regular basis to refine his skills. Medansky shares his techniques at public and private events and personally teaches the game of craps on a full size craps table obtained from the MGM Grand Casino in Las Vegas.

Playing craps professionally requires you to avoid distractions, maintain mental discipline, adhere to precise rules and techniques, and to control your emotions. The greatest reward as a professional player is the freedom to “work” your own hours and to be your own boss. Playing craps as a business avoids typical problems and/or costs. For example, it requires no accountants, bookkeepers or attorneys to operate. You will have no collection problems with receivables, no inventory, no advertising, no “customers” and no employees, which means you do not need to contribute to employee benefits or taxes. Playing craps as a business requires no insurance, licenses, dues or registration. There are no “competitors” playing craps professionally. If anything, you have a commonality with other players at the craps table - to take money from the casino, not each other. Caveat: Playing Craps is Gambling! There are no fool proof systems, strategies or methods. You will not get rich overnight. There will be times when you will lose money. How you handle these loses will determine if you will be successful or not. Success requires a lot of patience.
All of this sounds great right? Wrong. Here are some problems with the logic.  First, unless you live in Las Vegas, Laughlin or Reno, Nevada or you need to live in a geographical area where the local casinos operate craps tables. So there is a cost and expense to travel to Vegas to play craps.
Second, you will not win on every shooter. So you need to have a large enough bankroll to withstand some losses. An adequate bankroll is $3,500 of money you can afford to lose. Having an adequate bankroll is a must to ensure you have a proper psychological attitude. Herein is the problem because most people play not to lose instead of playing to win. Third, the majority of people who play craps do not have the discipline to stick with a betting strategy or to be satisfied with earning $200 per day, let alone per hour. Greed has turned many winners into losers. Fourth you need to have a betting strategy wherein you can make $25 on each shooter while minimizing your risk of loss. So you need to understand the basics of the game and then some. There are many different betting strategies that will allow you to win $25 on a shooter. Some are better than others. Again, the method I use is very simple and unique.
129 Pages Paper bound