While poker and a few casino games may have an element of skill, gambling, as a whole, is based on luck. In gambling, nobody can predict the outcome of your next wager. However, there are some simple thumb rules, and applying them you can marginalize the risk of big losses and in turn magnify your winning probabilities. These are:
1. Budget your money
The more you play, the more you win. Efficient budgeting ensures that. Buy multiple small bill tickets and start playing. As soon as you win, you may buy another ticket. If you can keep the same number of tickets you initially started with you can happily continue.
2. Aim low
When playing games like slots, keno, roulette, always remember that higher rewards come with lesser winning probabilities. Rather play for the smaller numbers and you have better winning probabilities.
3. In Roulette, stick to outside bets
The wagers that offer odds equal your probabilistic chances of winning, the house doesn’t want you to have one. They want the odds to pay less. Inside bets pay higher than outside bets in roulette. However, the winning probability of an outsider bet is much better. As long as you keep your bet smaller, you can try different positions and you can play for much longer.
4. Keep it simple
If you don’t understand all the complicated betting options, most likely you will end up on the losing side. Those wagering options are designed to favor the house. Instead simpler bets give you a higher chance to win with some rewards, though the reward may not look fascinating.
5. Know the game
A lot of house rules you may be unaware of or you may not have the full knowledge of the game. For example, many progressive slot games require playing the maximum bet to hit the jackpot regardless of getting the top combination. It’s always wiser to go through paytables and rules for better clarity. Gambling without knowledge or understanding could get you into deep trouble.
6. Good betting system is a myth
The fun of gamble lies within its uncertainty and surprise elements. Someone might advise you about a guaranteed betting system, but it doesn’t work as it commits. Rather than putting your money on a betting system, opt for a systematic approach. Stick to your pre-decided wager amount per game and the total money you want to risk.
Gambling could be addictive and casinos are designed to lure you so that you keep going. All days are not lucky days. If a game is not working out for you, don’t spend much time and change the game. Take a break in between to clear your thoughts to make better decisions. Most importantly, predetermine the time, money you want to spend and stick to that.
If you are a rookie or a bit rusty, don’t jump straight into money gambling. Learn rules, play the free online versions of those games and card games you may practice with friends. Learn different tips and tricks. With practice, you will feel more confident while dealing with money with a live opponent.
9. Sometimes, the cheaper the better
Many people gamble for fun and they mostly play slots. To attract the crowd, slot games are made to look flashy and attractive with the promise of lots of bonuses. But, before you put your money on these excitingly branded games, spend some time to decide if you really want to go for it. As long as you are winning it may sound fun but otherwise, you are paying far more for those fancy games like ’adult arcade games’ than an actual arcade game.
10. Split money in Blackjack
When you are playing blackjack, instead of going all out and spending all your money at a go, it is advisable to hold some money. Splitting gives you better-winning chances, but you need money to cover the additional bet. Playing at a lower minimum table allows you to play for longer even when you are running low at your fund, and therefore enhance your winning chances.
Risking your money in the hope of making more money is the integral essence of gambling. Yet there are both wise and foolish choices you can make while gambling. The key point is to play longer to win more. When putting smaller bets the prize is less too, but it reduces the risk factor.
Also, if you are not gambling just for fun, get well informed and well-practiced about the game you want to play.