What Makes a Good Capital

While there is no by-the-book definition of what makes good capital, one gambling principle holds true: good capital is money that a player can afford to lose. This means that the money is specifically set aside by a player to experience the thrill of gambling, or merely extra money.

It is true that having a significant amount of capital gives a player an advantage over gamblers with less money to play with. However, having a large amount of capital is no assurance of going home with big winnings. Tragic stories stemming from gambling rooms often involve players with sizable capital, rendering them overconfident of their perceived chances of winning. In the end, they lose all the money they brought in, and some even go home with additional debt.

Gambling with money meant for living expenses is a recipe for disaster. One's lifestyle should not be downgraded to merely make room for gambling expenses. Gambling should never be seen as a means to make a living, except for casino owners, operators and other personnel employed by gambling areas.

Players are merely there to win - not earn - money. Losing money is part of the gambling experience. It is not advisable to depend on gambling as a means of increasing one's finances because the different games primarily depend on chance. True, a player's skill is a factor but, any gambling game is not devoid of risks that can frustrate even the most skilled players if Lady Luck comes into the fold and favors the opponent.

Using money that you can afford to lose enables a player to participate in gambling without feeling desperate to win. Instead the player can focus on the game and the enjoyment it brings.

Tension brought about by the pressure to win can not only interfere with one's enjoyment of the game but, with a player's decision-making as well. Desperation can impair a player's ability to view odds objectively, and perceive the favorable possibilities as inflated chances. Instead of betting intelligently, a player frantic about not losing even a cent in one's capital is more likely to go with dangerous risks.

It is worse if one gambles using borrowed money. It is not only the amount borrowed - and lost - that can bury the player in debt, but the interest as well. Using borrowed capital can only start a downward spiral, with the player continuously borrowing more capital to recover losses and pay debts.

Good capital, even if lost, should make a player feel like one still came out a winner from the gambling experience. It is because the capital brought to the gambling table has no capacity to hurt a player to begin with.

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