Gambling Takes Patience

Gambling can be a fun and exciting form of entertainment, and you can win some real money. The most important thing to remember about gambling is that it is a game of chance, and the odds favor the house, that is how the hotels in Vegas can afford to spend so much money on crazy stuff like scale models of the Eiffel tower. So, don’t gamble what you cannot afford to lose. That being said, there are gaming strategies that can give you an edge, make you more likely to win, and if nothing else make your casino dollars last a lot longer.

There is no surefire way to beat the house, if there was, the casinos would quickly change the rules or else go broke. All games favor the house, but sometimes the margins are slim. In time, the house will take in more than it pays out, but you have the opportunity to walk out with some winnings.

One of the biggest keys is patience. If you sit down, bet all your money on one hand and lose, that’s it. Start by figuring out your bankroll. This is how much money you can afford to lose, and this is how you should think of it. If you are going on a casino vacation, just think of it as money you are spending on entertainment. Whatever your bankroll is, you should bet around 1% of it per bet. So if you have $500 to play with, you should be playing no more than $5 per hand. If you are playing slot machines (which is really not a good idea, because your odds of winning are low), you should play even less per bet.

Blackjack is one card game that has slim margins for the house. If you are playing blackjack, use something called basic blackjack strategy. You can find it online by doing a Google search. It is a way to play the game so that your odds of winning are very close to 50%.

There are some basic betting systems. One is to increase your bet with each loss, so that you cover your last loss. If you start with a $1 bet and lose, your next bet is $2 and then $4, and the $8. When you win, you go back to $1. Using this strategy, you will cover your loses. The problem with this strategy is that if you have a losing streak, you may not have enough to double your bet or you may hit a table limit, so at some point you may have to cut your loss.

A second betting system, is based on the theory that wins come in streaks, so if you bet $1 and win, bet $2 on your next hand and $3 on your next and so on… If you get to $5 and win, go back to $1 bets. If you lose, go back to $1 bets. Over time, you will hopefully benefit from a few streaks and come out ahead.

Of course, know when to walk away when you are up, because of you don’t you will ultimately give all your winnings back. You can practice your betting system, at home with computer casino games, or just by flipping a coin and betting on the outcome. Good luck!