Moola Management

Moola Management

You may have heard of money management, or bankroll management, but have you heard of Moola Management?

Take a penny double it, double it again, and do this 30 times and you will win $10,000,000! Sounds simple, but you’ll need to win 30 times in a row for that to happen. Unless you manage your moola correctly. Putting together a string of 30 wins in a row is very hard. Putting together a string of 2 or 3 wins in a row is easier.

To start with, you’ll want to take your free penny and play until you have 10 pennies. Now you’re ready to start your climb to the top. Having 10 pennies will allow you to play ten 1 penny games. It will also allow you to lose 10 games in a row without going bankrupt. Losing 10 straight games is called a patch of bad luck. It’s just as hard to lose ten straight games as it is to win ten straight games. This is called a cushion, and it is good to have one.

The next thing you want to do is take 1 penny and play a game with it. The choice of game is up to you. If you lose that’s okay. You still have 9 pennies left. If you win, play a game for 2 pennies. If you lose you’ll still have 9 pennies because you are playing with your winnings from last round. If you win again, you will now have 13 pennies. Bank the 3 pennies and start again and play with 1 penny.

In this way you will slowly start to climb the ladder. When you have 20 pennies you can move up a level and start playing for 2 pennies, because you now have a cushion that allows you to lose 10 games in a row at 2 pennies each.

Move up another level when you reach 40 pennies, etc...

This is a very conservative way to the top and you may want to change the tactics to suit your personality, say by going for 3 in a row before you bank instead of 2. Or by having a larger or smaller cushion before you move up a level. You may want to play risky at the low end and more conservative at the higher levels. That’s fine. It’s really up to you to find what works for you. Your personality and how good you are at the games will determine your strategy.

There are two very important things you should remember.
1. Always have a cushion.
2. It’s harder to win 30 straight games than it is to win 2 or 3 in a row.

At times you may feel like you’re moving up too slowly. Don’t worry, when you switch from playing for pennies to playing for dollars things will get more exciting. On your good days you will be very happy, and on your bad days you will be glad you have a cushion. After all, tomorrow is another day.