This makes it sound so easy. Everytime I hear about a strategy, I have to remind myself that if it were full proof, then the casino's would pull it.
It's not about being "fool proof." It's about managing your bankroll, playing smart and setting limits.
Yeah, if you're there for 2-3 days and are dreaming of hitting the Mega-Bucks, holding the dice for 2 hours or finding that one-in-a-million blackjack table where you win 98% of your hands, then you are going to make bigger bets and stay longer than you should.
But, if you walk up to a craps table with a $250 budget, don't pull more money out when that's gone thinking the next shooter will win it all back for you.
Same for slots. Put $100 in a machne and play the max bet (hopefully you picked a $2 or $3 max bet machine). When you have more than you started with, think about a good stopping point. If you were down and now are even, probably a good idea to take your refund and pick another machine. Staying at the same machine just guarantees you'll eventually lose your initial buy-in and everything you won chasing jackpots.
Blackjack requires you to pick a table where you can afford at least 10 times the minimum bet which is about what you can hope to play on for an hour. So, a $25 table needs a minimum $250 buy-in. When that buy-in is gone, take a break or pick a better table. Leave the wallet in your pocket -- no additional buy-ins (except for that 4-way split with double-downs that always seems to happen on your last hand!

). I once watched a woman dump over $40K at a blackjack table in Binion's. I had played next to her for a couple of hours, and the next time she asked for a marker, I left for breakfast. When I finished eating, i saw a loud crowd around her table. In the 45 minutes I was gone, she'd won back over $40K playing max bet ($500). It took her 7 hours to lose it, and less than an hour to win it back. I gave her an attaboy as I walked by, but i kept walking. i didn't want to see if she was okay with winning all that money back, or if she thought her streak would get her another $40K. I know what the odds were, and streaks don't last.
Imagine if that lady had set a limit of losing $250 each hour. She would have been down $1750. Then when the streak hit, she'd be up $38,250 or more -- not just breaking even after a $40K losing marathon.
I've walked into a blackjack game where the dealer could not win a hand -- busted more times than got beat by the players. I bought in for $200 and walked away with over $1800 in about 30 minutes. As soon as a new dealer came in and I lost 2 hands, I cashed out and went to bed. That's happened several times. It's best when it happens your first day gambling. Then you're not so eager to lose it as quickly the rest of the trip thinking you have to win it all back.
I do enjoy the games, but my limits keep me from losing more than I intended. My worst losses were gambling with someone I'm on vacation with, and they are winning. So, I stay in the game longer than I should have just to be sociable and also to make sure i don't get blamed for the table turning bad when i left. It's tough sometimes to stick to your "rules" when gambling with others, so it's best to play at lower limit tables where you can avoid big losses.
I don't normally come back from Vegas down. I either break even or at least win enough to recoup the cost of the trip. I had my shot at the "millions", and I kept tabs on my spending.
Luck is an undeniable element in gaming, no matter what "professionals" say. If I'm winning on slots, i'm losing on table games. So I stick to what's working until it doesn't. I've lost $1000 in a day on table games, and won it all back on a $1 Wheel of Fortune machine. I've also won $300 playing BJ, lost it in the slots, and went right back to the same table and won it all back again.
As I said, i took my younger daughter for her 21st birthday. We ate at the Hard Rock, and after, I handed her $200 and said go find a machine you like.
15 minutes later, she found me looking all confused. She asked, "Is this real -- like dollars?" She showed me a cash-out ticket for over $2100!
Yeah, it's better to be lucky than good!