Look for Smaller Jackpots
Whether you are playing the slots, keno, or roulette you will see the temptation to play a game that promises a crazy payoff. Always remember that the money for those payoffs comes from the players.
So if you are playing the slots, pick the game that pays 4,000 max credits instead of the game that pays 10,000 max credits. Your chances of winning are better with the smaller payoffs. This is due to a low variance in the game design.
If you ignore all warnings from experienced gamblers to play keno, go for a small number of picks. The safest range of picks is 3 to 5. You don’t risk as much money because you’re more likely to win something.
Make Smaller Bets
Some gambling advice articles suggest you should “go big or go broke”. That is terrible advice. The faster you lose your money the sooner you will be done gambling. If you just want to get out of the casino then leave immediately and save your cash. Otherwise, stretch it out by making small bets.
Unless the rules of the game make it more likely that you’ll win by betting more there is no reason to “bet more to win more”. Your chances of winning or losing are the same regardless of whether you bet $1 or $100. But you have more chances to win or lose when you bet $1 than when you bet $100.
If the prizes are proportionally the same regardless of the size of the bet then you gain nothing by betting more. You’re not just multiplying your wins you’re also multiplying your losses when make larger wagers.
Some people sneer at the idea of playing small wagers. Ignore them. If they don’t do the math and see that they can stay in the game longer with small bets that is their mistake.
You might win $1000 with a $5 bet. That is always true. And if you played a $1 bet and only won $200 you may feel like you cheated yourself by not making that larger bet. Don’t do this to yourself. What you have to think about is how many more wagers you can make with your current bankroll, assuming you never win until the last wager.
The more wagers you make the more times you should win.
Play the Short Odds, Not the Long Odds
It may not be as much fun to win $20 as to win $200 but the short odds tell you who most people favor in a game. When enough experienced bettors are favoring one competitor over another, that’s a signal you’re not likely to win on the long odds.
Yes, there is always that occasional event where something unexpected happens. It wouldn’t be gambling if we were never surprised. Conservative betting may produce modest wins but it produces more wins than aggressive betting, especially if you don’t like doing the research.
The same principle holds true in table games and slot games. In blackjack, for example, experienced players don’t like to be dealt a 15 or 16 in their hand. The chances of winning are less than if they are dealt an 18. And you can always hit on an 11 or less.
Only Play Outside Bets in Roulette
There is a romantic notion that if you wait long enough your number will come in and then you’ll get your money back. This idea comes from too many people playing roulette the wrong way. The odds on a single number bet are 35 to 1. That’s a nice payoff but the chances of guessing a single number are worse (either 1 in 37 on European style tables or 1 in 38 on American style tables).
Casinos don’t like to offer wagers where the odds (pay off) equal your probabilistic chances of winning. They want the odds to pay less. That is how they lock in the “house edge”.
Outside bets in roulette pay less than inside bets but their chances of paying anything are much, much better. The closer your probabilistic chance of winning gets to 50% the more fair the game becomes to you. You’ll find that people have different opinions on where you should place your outside bets but as long as you keep your bets modest you can try different positions and form your own opinions. Your money will last longer this way.
Play Free Games Before Playing for Money
Play Free Games Before Playing for Money
If you are out of practice or have never played a gambling game before, look for free versions of the game online where you can practice. Many Websites now offer free games for roulette, blackjack, and slot games in a “try before you buy” spirit.
You can learn the rules of the card games without risking your money by playing free games. It’s not exactly the same experience when you play a computer but you should invest a few hours in studying how blackjack works by playing the free games with a tutorial. You can take your time looking up the probability tables on each hand.
This won’t make you an expert overnight but you’ll feel more confident when you sit down at that table with the live dealer.
Most people play the slots and modern slot games offer a lot of fun options instead of just more bells and whistles. But beware the exciting branding on the new games. Before sit in that new full sound cabinet look at how much it will cost you to play the game. Watch someone else play it for a while. How much are they winning or losing?
If you play the game for the entertainment experience you want to monitor how much money you are winning or losing. If you can manage it, you just may be able to play a fun game without spending much money. But remember that no matter how much those bonus games play like “adult arcade games” you are paying far more per spin than you would pay for a turn at a real arcade game.
Hence, if you have a choice between a 25 cent minimum bet and a $10 minimum bet you may get more enjoyment from the 25 cent minimum game. Of course the newest games have higher wagering minimums. Just use good judgment when choosing an entertaining game to play.
If You Think You’re Addicted to Gambling Get Help Immediately!