Casinos will want to keep you in there after you win so that they have a chance to win their money back. Experts suggest cashing out and walking away after you’ve won. Some casinos will even start offering you free things: a room for the night, meals, and gifts, in an effort to get you to stay and play. We have seen how casino slot machine secrets show that the best way to win at slot games is to combine a high RTP (best winning odds) with the best payout. With these slot machine secrets exposed, here's a list of the best slot machines to play right now. If you’re hoping to walk away with a really huge win, progressive jackpot slots are your best option. Every so often, a few lucky players walk away with life-changing sums of money, with many. Bet your entire balance on each bet. The advantage is that if you win, you win big. The downside, of course, is when you lose, you’re out of money. Betting Strategy B: Martingale. The Martingale system has you double your bet after every loss, so that the first win would recover all previous losses plus a profit equal to the original bet. The best strategy to win at blackjack is to master basic strategy, learn to count cards, and risk less than 5% of your bankroll on a single bet. Then don’t caught by the casino. What do you think?

• Best Casino Strategy To Win Money No Deposit
• Best Casino Strategy To Win Money Play
• Best Casino Strategy To Win Money Real Money

A strategy is an approach to an activity that might help you achieve your goals. It’s good to know the difference between strategy and tactics when it comes to casino gambling. I’ve tried to keep that difference in mind while putting together this list of the 10 best casino gambling strategy tips ever.

If you’re new to casino gambling, don’t just show up at the casino and start putting down money. You’ll lose cash faster than you ever thought possible. You’ll also not understand what’s going on, which means you won’t even get to have a fair amount of fun in exchange for your money.

Your best bet as a new casino gambler is to study some information about how casino gambling works before you ever set foot in the casino.

This post is a good starting point.

1 – Understand Your Goals

You can’t have a strategy for anything until you understand what your goals are. For most casino gamblers (95+), the goal is to just have some light-hearted fun and maybe win a little money in the short term. You might like the excitement of competing for a huge jackpot, or you might enjoy the challenge of getting the best odds possible playing blackjack.

Understanding your goals starts with understanding your own personality. Are you a social gambler? Do you want to chat with other people while you’re gambling? Or are you an introvert who prefers to not be bothered during your gambling activities?

Will you be satisfied with a small win here and there? Or are you willing to risk lots of losing sessions if there’s a lot of upside?

Are you an adrenaline junkie? Do you prefer laid back, relaxing activities? Do you care whether your decisions matter to your odds?

Your choice of casino game will depend largely on these factors:

• Blackjack is a great game for people who want their decisions to matter. But you’re unlikely to win a huge jackpot while playing blackjack.
• Craps is a great game for sociable gamblers who get off on adrenaline. For my money, it’s the best game in the casino, even though it doesn’t have a skill element.
• Roulette is a great game for people who are looking for something more slow-paced and relaxed. It also requires no skill, and you only need to be sociable if you want to be.
• Slot machines are good for introverts who want to go after a big jackpot. The house edge for such games is high, though. And you’ll lose more money per hour on slot machines than any other casino game.
• Video poker has many of the advantages of slot machines, but these games include a skill element to go along with their much lower house edge.

2 – Learn How the House Edge Works

You’ve probably noticed that I’ve mentioned the expression “house edge” a couple of times now. If you want to make educated decisions as a casino gambler, you need to understand how the house edge works.

The house edge is a mathematical prediction of how much you’ll lose on average per bet. It’s expressed as a percentage. If a game has a 1% house edge, the odds are that you’ll eventually lose about $1 for every $100 bet you place on that game. If it has a 5% house edge, then you’re looking at an average $5 loss per $100 in action.

All casino games have a house edge. None of the bets offer you true even odds with the casino (with the exception of the odds bet in craps). This edge happens because of the discrepancy between your payoffs and the odds of winning.

Craps is a good example. A hard way bet on 8, for example, has 10 to 1 odds of winning. On average, you’ll lose 10 times for every time you win.

But the bet only pays off at 9 to 1 odds.

The difference is where the house edge comes from. And it’s usually easy to translate this into a percentage.

If you bet $100 on 11 rolls of the dice, you’d win that bet once for $900. You’d lose the other 10 times, for $1000 in losses. That’s a net loss of $1000 – $900, or $100.

You divided $100 by 11 to find out how much you lose on average per roll. That’s $9.09.

Since we assumed $100 for our bet sizes, this means the house edge is 9.09%.

That’s relatively high, by the way. Most bets on table games have a significantly lower house edge than that. Even roulette has a house edge of only 5.26%.

3 – Manage Your Casino Gambling Bankroll

Bankroll management is easier than it sounds. Some people act like it’s the end-all, be-all of casino gambling strategy. In a sense, that’s true, too. If you gamble with money you can’t afford to lose, you’re doomed.

So there’s your first rule of casino bankroll management—set aside money for gambling that you don’t need for any other purpose. Don’t use it for any other purpose, either. This is money set aside for your gambling hobby. It’s not there to pay for buffets or tickets to a show.

You should have separate budgets for those other entertainment interests, anyway.

Why is this important?

You want to take a disciplined approach to your gambling. This means having rules that you don’t break.

You should also make sure you have enough money to get a reasonable amount of action at the games you want to play. Here are some guidelines for how many bets you need of a certain size for a trip to the casino where you’re going to do a lot of gambling:

• Blackjack –700–800 units
• Craps – 100—200 units
• Roulette—10—20 units

Of course, you can change these guidelines based on what games you prefer to play. I think the high house edge at roulette means it should be an occasional indulgence, hence the small suggested bankroll. Craps, on the other hand, is always worth a shot because of the chance of getting on a hot streak.

And of course, smart gamblers should spend most of their time playing at the blackjack tables because the odds for the player are so much better with that game than any other.

4 – Quit While You’re Ahead

You’ll find plenty of money management advice about stop loss limits and win goals. You should always remember that these kinds of arbitrary stopping points in your gambling do nothing to improve your probability of winning.

In fact, with a game where the house has an edge over you, the appropriate sized bankroll is infinite.

But if you want to walk away a winner one in a while, you should set a win goal that signals you when it’s time to quit. Depending on the size of your bankroll, this win goal might be small.

I played video poker one night and wound up winning about $40 in 15 minutes. My win goal was to double that $40 at the roulette table, and I thought since it was “house money,” I’d just bet it on black. I won and walked away from the table. I was with my dad, and he seemed impressed.

He shouldn’t have been, though, for 2 reasons:

1. That wasn’t the house’s money anymore. Once you win it, it’s your money. Gambling away all your winnings because you think the money doesn’t really belong to you is just foolish.
2. I wagered that money on some of the worst odds in the casino. I’d have been far better off putting it on a hand of blackjack or even a roll of the dice at the craps table.

5 – Leave Your Superstitions Behind

“I’m not superstitious, but I am a little stitious.”
-Michael Scott, The Office

If people’s hunches had any bearing on how games of chance played out, the casinos would go out of business—especially with the large number of so-called psychics in business today. Understand that casino gambling is a game of math and random chance. Don’t be superstitious. Your lucky ballcap has no effect on the outcomes at the roulette wheel.

The probability of winning an even-money bet on a standard American roulette wheel is always the same. There are 38 possible outcomes, and 18 of them are winning outcomes. The probability that you’ll win that bet is 18/38, which is the same thing as 9/19, which is also the same thing as 47.37%.

That number doesn’t change based on what happened on the previous spin, your gut feeling, or whether you use your left or right hand to place the bet on the table.

Any superstition you have about luck or winning at gambling should be discarded in favor of reality immediately.

If you want to win at casino gambling, find a way to get a mathematical edge over the house.

6 – Avoid the Slot Machines

The worst games in any casino are the slot machines. They have a higher house edge than any other game. They also encourage you (in dramatic fashion) to place more bets per hour than any other game. Look at the expected hourly loss for an average slot machine player:

The house edge is probably 8%–although we don’t really know what the house edge. (This is the only game in the casino where you cannot calculate the house edge.)

The number of bets per hour for the average player is 600 spins per hour.

Assume you’re betting $3/spin, and you’re putting $1800 per hour into action. If you expect to lose 8% of that, your expected hourly loss is $144.

Now let’s look at roulette, which has a house edge of 5.26%. The average number of bets you’ll place per hour at a roulette table is 100 or so, and that’s at a table that’s not busy. At a busy roulette table, you might be lucky to place 60 bets per hour.

If you’re betting $5 per spin, that’s $500 in action per hour. With a house edge of 5.26%, your expected hourly loss is only $26.30.

That’s a huge difference, and you might find that you enjoy roulette more than slot machines anyway.

Of course, the truly savvy gamblers will play blackjack and use perfect basic strategy while they do so. This reduces their house edge to just 1%. At a slow blackjack table, where you’re the only player, you’ll probably see 200 hands per hour. At $5 per hand, that’s $1000/hour in action. With a 1% house edge, you’re expected to lose $10/hour.

Finally, keep this in mind:

The house edge on slot machines might be higher than 8%. That’s just an example. Some games have a house edge of 12%, 16%, or 20%+.

Your expected hourly loss on those machines, respectively, is $216, $288, and $360.

7 – Develop Your Powers of Discernment

Some casino games offer better odds than others. Some casino games offer multiple bets, and usually, some of those bets are better than others. It’s your job as an intelligent gambler to be able to discern between good games and bad games, and to discern between good bets and bad bets.

American roulette has a house edge of 5.26%, but you can play European style roulette with a house edge of 2.70%–often at the same casino. You just need to be able to discern the difference between the 2 games.

Craps offers bets with a house edge as low as 1.41%, but it also offers bets with a house edge as high as 16.67%. You should know which bets offer reasonable or better odds and which bets offer outrageous odds.

Blackjack comes with multiple rules variations, but the biggest is the payout for a “natural.” The standard payout for a 2-card hand totaling 21 is 3 to 2. But some casinos offer a 6 to 5 payout on this hand.

And with their usual chutzpah, the casinos try to make this sound like a good deal. But if you place a $100 bet, the payout at a 3 to 2 game is $150, compared to a payout of $120 on the same bet at a 6 to 5 table.

This requires a little bit of study before visiting the casino, but frankly, it doesn’t require much.

8 – Ask for and Get the Comps You Deserve

Some people eschew the players club card. That’s a mistake. The players club card is the tool the casino uses to award you rebates and comps.

Of course, the most basic comps at most casinos is the free drink. You don’t need a players club for that.

But for all the other perks that gamblers get in exchange for their action, you need to be a member of the club. You also need to use your membership card when you’re playing.

These perks can include cash rebates, travel benefits, free hotel stays, free meals, and free show tickets.

Why do people turn down the players club card?

A lot of players are superstitious slot machine players who think that the game’s odds change when you insert the players club card.

That’s a fallacy for multiple reasons:

1. The casino has no incentive to change the odds on their slots games. They WANT you to play more. Giving you comps is how they accomplish this goal.
2. The casino knows that the best correlation to their profits is the time spent on their machines. If they can get you to spend more time on the machines trying to move up a notch on the players club hierarchy, they’re going to do it.
3. The random number generator and the payouts are what determine the payback percentage and house edge for a slot machine. The players club card doesn’t do anything for you besides track how many bets you make and at what amounts. The 2 mechanisms are entirely separate.

Most people can’t get an edge over the casino by taking advantage of the comps available. But some people (so-called “comp wizards”) do. Read Comp City by Max Rubin for an example of that kind of mindset.

9 – Learn Basic Strategy in Blackjack (And Maybe Learn to Count Cards, Too)

If you can play blackjack with perfect basic strategy, the house edge is between 0.5% and 1% at most casinos. If you just play your hunches or try to use your “card sense” to make decisions, the house edge is probably closer to 4% or 5%.

What’s basic strategy?

It’s the mathematically optimal play in every possible situation at the blackjack table. It factors in your total and the dealer’s face-up card to choose the decision that will have the highest expected value for the player. You can get a basic strategy chart in any casino gift shop.

NEVER deviate from basic strategy unless you’re counting cards and the results of that count indicate a change in strategy.

Which brings me to point #2 in this tip:

You can and should learn how to count cards in blackjack.

It’s easier than you think.

Counting cards has less to do with memorizing the deck than it does paying attention to the cards and adding 1 or subtracting 1 from a number in your head. As the big cards (the 10s and aces) get dealt, the probability of being dealt a blackjack goes down. As the small cards (the 2s, 3s, 4s, 5s, and 6s) get dealt, the probability of being dealt a blackjack goes up.

Since a blackjack pays off at 3 to 2, you want to raise the size of your bets when your probability of getting that hand improves. You want to lower the size of your bets at other times.

To keep up with this ratio, all you do is add 1 to the count every time you see a small card and subtract 1 from the count every time you see a big card. A lot of hands will cancel each other out by having a small card and a large card in the same hand.

Then just raise your bet corresponding to how high the count is.

There’s a little more to it than this, but not much.

Becoming an expert blackjack player can lead to a lot of entertainment at the casino at a very low price. You might even be able to get an edge over the casino and become a long-term winner.

10 – Learn to Play Video Poker

Video poker is a FAR better game than slot machines, even though the games resemble each other a lot. You’ll need your discernment skills again, though, because not every video poker game offers the same odds.

If you learn how to spot the “full-pay” video poker games, you can get the house edge to less than 0.5% at video poker. Of course, you also must be able to choose the optimal holding and discarding decisions on each hand.

Best of all, you can use your slot machine club card to get rebates on the money you’re wagering.

Conclusion

Don’t go into the casino without a plan—especially if you’re a beginner to casino gambling. Instead, go in with a strategy.

This means having a bankroll along with a plan for managing that bankroll. It also means learning to choose the right games for your personality. Being able to choose the right bets at the right games to minimize your losses compared to the time you play is also a crucial skill.

Your best bet in the casino is to learn how to play blackjack and/or video poker at an expert level. You can get the house edge well below 1% at either of those games. If you want to learn card counting, you can even get an edge over the casino.

And that’s a worthwhile goal for any casino gambling strategist.

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Gambling is taking a risk of losing something of value on an unpredictable outcome. When you gamble at either an online or land based casino both you and the casino take a risk in losing something of value. The risk is greater for you because the casino only offers games that provide a statistical advantage to the casino.

However, much statutory and some case law has been devoted to ensuring that casinos and players don’t cheat each other by subtly altering the conditions of gambling games without each other’s knowledge and permission. You can, though, change the terms of the game. The casino often provides a way for you to do this.

But should you take the offer?

There are two things you need to understand before you can start improving your chances of winning when you gamble. First, you can change the outcome of a gambling game. Second, you will almost always confuse yourself if you try to do the math. These two most common of gambling mistakes help the casinos earn tens of billions of dollars every year.

How You Change the Outcome in a Gambling Game

Many casino gambling games allow and even encourage players to change the stakes, the odds, and even the percentage chances of winning. Here are a few examples of how you can change the outcome of a gambling game (almost always for the worst).

Say you are playing a slot machine game and you win a prize on a spin. A special “Gamble” button lights up. You are now prompted to play a secondary game, maybe betting on the outcome of a virtual coin toss, using the prize you just won as the stake in your new bet. This is an exciting feature. It also means you are risking the loss of what you just won on a game with a better “edge” for the casino.

Most slot games have a theoretical return to player above 75%. Games developed after 2010 usually have better than a 90% theoretical return. The RTP is an estimate of how much money would be retained by a hypothetical player who spun the reels continually for a period of several years. It’s not a realistic estimate of how much money you will win, lose, or hold on to. It’s a statistical measurement used to gauge how friendly the game is to the gambler.

In a coin toss the theoretical return to player is 50% or 1 in 2. So let’s assume you just gambled $5 on a spin in the basic slot game and that you won $10. You have doubled your money. Now the “Gamble” light activates and you are invited to take your $10 and bet it on the outcome of a coin toss. And suppose the “Gamble” feature allows you to wager on the outcome of two concurrent coin tosses. Now you have a choice: bet on 1 coin toss for a chance to double your $10 to $20 or bet on 2 concurrent coin tosses for a chance to quadruple your money.

Your chances of winning the double concurrent coin toss are 25% or 1 in 4.

You would have a better chance to keep your $10 prize and just spin again on the basic game. By taking the “Gamble” challenge you improve the casino’s chances of winning your next bet. It’s like paying $5 for a quarter of pie at one restaurant and then paying another $10 for an eighth of a pie at a different restaurant. Are you really getting a better piece of pie at the second restaurant?

In the game of blackjack if the dealer offers you insurance most experts tell you not to take it. Why? Because you are betting that you will lose your basic wager. The chances of being correct (that the dealer has a blackjack) on your insurance bet are worse than the chances that you can beat the dealer’s hand (your original wager).

The bottom line here is that casinos will sometimes offer you ways to change your stakes and your chances of winning to their own benefit. If you want to win at gambling, don’t take the deal behind door number 2. Stick to your original game and be consistent. Let someone else win the goat.

How to Confuse Yourself at Any Gambling Game

There is a certain idea among gambling experts that comparing the “house edge” in various gambling games helps you to make informed choices. The edge is a theoretical return to the casino, the complementary percentage for the theoretical return to player. In other words, in every form of gambling, there is only a 100% allocation of money. Gambling does not generate new wealth; all gambling does is pool wealth between the bettors and redistribute that wealth between the bettors (and sometimes also a middle man).

In the 1-on-1 game of blackjack there are only 2 bettors in your game: you and the casino. The casino is willing to pay up to the full amount of your bet if you win. It’s an even money match up, and that is really what makes blackjack so profitable for a casino. They risk less per round than they do with, say, roulette or a slot game. But if you have been reading blackjack tutorials you should know by now that the house edge is lower in blackjack than in other games, and therefore you have the best chance of winning in blackjack.

In fact, the dealer has a better chance of coming out ahead because at a busy table the dealer is playing multiple hands at once by the most conservative of rules. In other words, the casino is taking less risk per round in blackjack than the players while at the same time multiplying its chances of winning.

Players make mistakes when playing blackjack. Blackjack dealers don’t have to make hard decisions. In fact, by always going last the dealer often doesn’t have to make any choices at all. The players make most of the decisions in blackjack. And yet blackjack remains profitable for the casinos. The casinos are profiting from player mistakes.

Players make several types of gambling mistakes. One of the most common mistakes is to confuse the probability of winning with the theoretical return to player. The probability of winning is limited to the next round of play. The theoretical return to player is an estimate of what all the players of a game will collectively receive over the life of a specific game (or an arbitrarily large number of rounds in the game).

The rule of thumb is that the more rounds played for a given game the more the actual results of that game will average out close to the theoretical return to player (or the house edge).

But what are the chances of your drawing a natural blackjack on the next deal? What are the chances that the dealer will not win against you on the next deal? These are probabilities that can be computed on the basis of how many cards are left in the shoe, less the cards that have already been played. Those probabilities change as more cards are played but they rarely if ever line up with the theoretical return to player.

The mistake players make is assuming that the house only has a 2.5% chance of winning the next round. The dealer’s chance of winning that next hand can be as high as 100% and as low as 0%. The house edge is always irrelevant with respect to any individual round played on any gambling game from keno to slots to blackjack to baccarat.

When you gamble, it’s nice to know how much money the house is expected to retain over the next 30 days but that won’t help you predict how much you win or lose in any of the next 10 rounds of play.

Expert gamblers like to calculate probabilities but probabilities do not predict the next round’s outcome. The roulette wheel always has a 1 in 37 or 1 in 38 chance of landing on any given number. The chance that the ball will land on number “7” 100 times in a row remains 1 in 37 or 1 in 38. That never changes (allowing for truly random spins, although the laws of physics mandate that the spins won’t be completely random).

On the other hand, what is the expected probability of a random spin of the roulette wheel producing “7” 100 times in a row? This is where you multiply your individual spin probability (1/3x) by itself the number of times in a row (100 in this case). The expected probability of the wheel hitting “7” 100 times in a row is 1.51296e-157 (a very, very small number). But that low probability has no bearing on the probability of the next spin.

This is the dichotomy of probability theory, where you are dealing with large sequences of independent events. The expected probability does not mean you cannot or will not see the unlikely outcome. In this hypothetical example, we are simply computing how many possible outcomes there are and assuming the chances of producing the same result 100 times in a row are equivalent to a certain percentage of those possible outcomes.

Unfortunately (even semi-) random events have a way of defying the probabilities. But if someone offers you 100-to-1 odds that a roulette wheel will land on “7” 100 times in a row, verify their ability to pay and take the wager. They lose as soon as a different result turns up before the 100^TH spin.

The bottom line here is simple: don’t try to do the math like an expert. Random chance will always eventually prove the experts wrong.

What You Must Do to Improve Your Chances of Winning

Here are a few basic rules for improving your chances of winning when you gamble.

1. Stop second-guessing yourself.

Every casino game offers you a fair chance of winning. The games, when played fairly and legally, pay prizes that correspond to the expected probabilities of given outcomes, although casinos will hold back a little bit extra in most games to ensure they make some money. Hence, in roulette, the most you can win is 36-to-1 instead of 37-to-1 or 38-to-1.

The odds are always stacked against you. But random chance favors the fool, as the old saying goes. You just cannot guarantee you are the fool upon whom random chance showers its favors.

2. Take the least possible risk.

In a hypothetical game where you win 100 rounds out of 100 rounds, you will kick yourself if you only wager $5 on each round for the chance to win $5 instead of wagering $100 on each round for the chance to win $10,000 on each round.

In reality, positive thinking doesn’t work when you gamble. The more you assume you could win the more you are likely to lose when you do lose.

Risking less does mean you win less per round but that’s okay.

3. Manage your money so that you play as many rounds as possible.

You are more likely to win back $100 in wagers if you divide them into twenty $5 wagers than if you divide them into five $20 wagers.

Instead of playing numbers games (which is second guessing yourself) or assuming you will win a certain number of times (which is taking more than the least possible risk) you should assume you are going to lose more rounds than you win. When you play slots or even a modest keno game (like a 5-pick) you can still come out ahead when you play more rounds with small wagers than fewer rounds with large wagers.

But how does playing conservatively work in blackjack, when the average prize is an even money bet? If you lose only 49% of the rounds in blackjack you lose. Okay, smart guy, you know you need to double down a few times. Instead of playing numbers games and assuming you can lose X number of hands and double down on Y hands, just accept that once in a while you’ll have to double down to improve your chances in blackjack.

When should you double down? The experts agree that if the dealer is showing a 5 or 6 and you have an ace and anything less than a 7.

You don’t need to double a lot as long as you can double enough to come out ahead.

4. Don’t try to win big.

That’s the real fun in gambling, though, isn’t it? You want to win the jackpot, hit the long odds, and outwit the dealer at every hand.

Going for the big win is the worst possible way to gamble. You may not be playing all-or-nothing but you are playing too much.

Still, you can adjust the amount of your wagers upward if you are doing well. Just keep them proportionate to your bankroll.

5. Use a consistent percentage ceiling in your wager to bankroll ratio.

Although it is prudent to limit your initial wagers to 5% of your original bankroll, at some point you may double or triple your money. Does it make sense to continue playing by the original 5% measure?

Most gamblers will feel confident enough to increase their wagers. But while it’s usually good advice to ignore all betting systems when you gamble (because each has its flaws), you can set a limit of “5% of your current bankroll down to half”, meaning you gamble with $5 bets until you lose half the money you came in with.

If you double your money then you can double your wagers as long as you don’t go above 5%.

Five percent is not a magic number. You can set the percentage at 1%, 5%, 15%, or even 20%. You should be consistent about not going above your percentage. You still have the flexibility of making larger wagers if you roll up your money.

6. Divide Your Bankroll At Certain Split Points.

This technique works best in land-based casinos, especially when you can put your money into tickets that are easy to carry around. A split point is a multiple of your bankroll. Say you begin gambling with $200 and you roll that up to $400 at the craps table. Now take half your money and put $200 of it into a ticket.

You can continue playing craps with the remaining $200 or you can try another game. When you roll up your second $200 to $400 again you split the money into another ticket plus money to play with.

After you have 3 or 4 tickets you can rotate them. Never play a ticket all the way down. Leave at least a few dollars on it so you can leave the casino with some money (and a little dignity).

When you gamble online it makes some sense to shift money from the game balance back to your main account. As long as you have money in your game account you should be good. It helps you to stay focused on conservative betting if you take money out of the game when you get ahead of your original bankroll.

7. Play with Casino Bonus Money Whenever Possible

Land-based casinos may not offer you signup bonuses but many online casinos do. Play conservatively with the casino bonus money to increase your chances of fulfilling your wagering requirement with just the bonus money. While that won’t always happen the longer you can delay putting your own money into the game the better the chances you’ll start winning.

You can try this strategy with the “no deposit” welcome bonuses some casinos offer but they do limit how much credit they extend to you. You have more bonus money to work with when you accept a deposit match bonus.

8. Stick to the Basic Game.

Best Casino Strategy To Win Money No Deposit

Whether you play slots, craps, roulette, or blackjack the less complicated you make your game the less likely you’ll place dumb bets.

The casino is counting you to make dumb bets. You should count on the casino to be less than generous with its odds on the best most likely to pay off.

There are few progressive wagers that are worth the money. The more you throw into a round the harder it will be to recover from a loss.

In craps bet on Pass or Don’t Pass and play the odds but keep it simple.

In blackjack bide your time and don’t split every time you get a pair of cards of the same value. Should you really split two 5 cards when you’re showing 10 on the table? Should you split two tens? Two nines? You have three options: play the basic game, double down, or split. On some tables you may be able to surrender if you don’t like the dealer’s cards but look at the strength of your cards first and your options for splitting second.

9. Assume the free games are more generous than the paid games.

When you have a chance to “try before you buy” at an online casino the free game just may be slightly more generous than the paid version. There are several reasons why this might happen. If you can check the theoretical return to player for a free game and the paid version, look for differences.

Does the free game run on a different server? The different server may be using a different random number generator, a different random seed number, or a different estimated percentage for the theoretical return to player. Variations in all these things can affect the randomness of the outcome of the game.

10. Play low variance games.

Sad to say, but the less volatility there is in the prize to wager ratio of a game the more likely it will pay you prizes. Volatility is an important measure for a casino because it needs to know how much cash to keep on hand. But you need to know how long you may have to play a game before you win a nice prize. That is where the variance comes into play.

Think of variance as “how much any random outcome of a game varies from the average expected outcome”. There is a relationship between variance and volatility (in fact, some gambling writers use these terms interchangeably). The casino cares more about the volatility and the player cares more about the variance.

How do you judge variance? It comes down to how long you can play the game with your initial bankroll. A low variance game has a tendency to take less of your money.

Hence, as noted above, you can affect the variance of the game in a limited way by playing conservatively and ignoring the extra bets the house offers.

Conclusion

Think of gambling as an endurance race between the bettors. Whoever can go more rounds wins the most money, unless random chance steps in and hands a big win to the individual gambler. Then gambling is more about who has the most self-discipline. The casino is playing a numbers game and just has to be there with enough cash on hand to keep the games going. The player has to have the wisdom and the self-discipline to walk away with the cash.

Harvard Medical School published a trove of data about online gamblers that was collected from 2005 to 2007 by an online casino (Bwin). Researchers who studied the data concluded that about 11% of gamblers were likely to win and that winners were more likely to play less frequently. Subsequently, researchers from the University of Michigan and the University of Connecticut compared that analysis to their own analysis of data from a Native American casino’s database. The second study found that about 13.5% of the land-based gamblers were winners.

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The good news for most gamblers is that fewer than 5% of them contribute about 50% of the casino’s net revenue, and about 10% contribute 80% of the casino’s revenue, so most gamblers are not big losers. That means approximately 80% of gamblers share the burden of about 20% of the casino’s net revenue between themselves. Given that most people cannot lose enough money (for lack of wealth) to drop into the lower 10% (the Big Losers) changing how one gambles increases an individual’s chances of moving into the upper 10%.

Gamblers with little wealth to lose should still learn to make better choices. You cannot guarantee you will win but you can always cut your losses short or take fewer risks. Gambling is more fun when it is just entertainment. If your losses amount to no more than what you would spend on other types of entertainment such as concerts and travel, then have fun.

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