Good statisticians know there are ways to beat the casino and increase their chances of winning.
A wise player at the casino will be aware of these pockets of advantage play. His aims are clear to him as well. Only some players at a casino are looking for a way to beat the odds. The best players will limit their losses as much as possible.
Some basic guidelines for making informed decisions in a casino are as follows:
Get Familiar with the House Edge and Why It Matters
A mathematical concept known as “the house edge” is based on the odds in favor of the casino. It is the percentage that each bet is predicted to lose over time. It’s an average over a lengthy period, so it doesn’t reflect how things are going.
For illustration, consider the following:
If you play blackjack according to the ideal fundamental strategy, the house edge is roughly 0.5%. This equates to a loss of 50 cents every hand when staking $100.
Bets of $100 on a single hand of blackjack can only result in one of a handful of possible outcomes.
- You lose $100
- You win $100
- Both you and your opponent end up with a draw.
- You bet $200 and end up losing $400.
- You’ve doubled your money, now $200 ahead.
- Blackjack pays $150. (or natural)
You can understand my argument, even though other possibilities include splitting your hand.
Throughout playing hundreds of thousands of hands, you may expect to lose, on average, 50 cents per hand.
Find Out Which Games Have the Highest Win Probability
Regarding odds (and the resulting house edge), some games beat others. The savviest gamblers always play at the tables that provide them with the best odds.
Two games are worth mastering for the vast majority of players:
- Video poker
If you play an ideal blackjack strategy at optimal table conditions, the house edge is only 0.5 percent. The house edge in blackjack is only about 2%, even if you need help understanding fundamental strategy, depending on how many mistakes you make.
The house edge in video poker games is usually between 1% and 2%. The lowest potential house edge in Jacks or Better is 0.46% when using the optimal pay table. Deuces Wild is even better, with some variants giving you an advantage over the house.
Using the players’ club to its maximum potential will help you cut the casino’s edge even further. The casino will give you a rebate on some activities if you expect to lose a particular amount every hour. You should expect them to only calculate this based on the hours you’ve lost.
Get Familiar with the Games That Have the Worst Odds
If you want to become a good gambler, avoiding bad bets is equally essential. And if you look closely enough, you’ll unearth some real gems.
In Keno, for instance, the house enjoys a 25% advantage. That’s a loss of 25 cents for every dollar spent. You won’t find anything in a casino that comes close to the house edge of 50% that you’d find in a state lottery, but this comes pretty close. You should avoid keno like the plague as I do.
One stake at the American roulette table is even worse than the others, but the game is top-rated despite its poor chances.
The house edge for all the other bets on an American roulette table is 5.26%, which isn’t the best or worst of the casino’s offerings.
Bets shouldn’t be placed on a choice that is that much worse than the other options on the table. That’s absurd.
Learn the Fallacies Behind Betting Systems
For a betting strategy to work, you must adjust your wager size depending on previous wagers’ outcomes. The idea is to capitalize on run-good or run-bad situations.
I won’t argue against the reality of hot and cold streaks. In a random game, streaks of this nature are to be expected.
But it’s always completely random when such a run will start and stop.
It’s like that old saying about how you must live your life backward to comprehend it fully.
These blotches are merely discernible patterns when viewed in hindsight.
The Martingale system, demonstrated here, is one such example:
You place a wager with an even money reward, such as a roulette bet on black or red.
If you take a loss, you must make another wager, but this time it must be double the sum of the first wager.
Your goal is to display a one-unit profit at the end of each progression, with the expectation that you will finally win.
The difficulty with this strategy and other betting systems is that you can quickly run out of money before you recover from a losing streak that requires you to double your bet.
Benefit From Casino Bonuses and Promotions
Playing at an online casino like betshah.com makes it possible to take advantage of the casino’s bonuses, which are the most straightforward kind of casino advertising. Upon registering and completing your first deposit at an online casino, you will receive a certain number of free chips to use for gameplay.
Let’s have a look at a concrete illustration of this in action:
At “Casino ABC,” you get to play. The welcome bonus is 200% up to a maximum of $200 if you make your first deposit today.
When you deposit, the casino doubles your money (from $100 to $200).
Promotions can also be found in traditional brick-and-mortar casinos. Examples include free dinners and theater tickets. However, participation in a players club was a common requirement.
For an oversimplified explanation of how much you will be rewarded, consider the following:
They work out the average hourly loss you might expect from your game. Then, in the form of refunds and freebies, they’ll give you credit for 40% of the losses you’re counting on.
If a casino offers a deal that allows you to get more play for your money, you should take advantage of it.
Keep a Disciplined Approach
Bets are intended to be entertaining.
However, when visiting casinos, you should still exercise self-control.
And I don’t mean “disciplined” because someone trains for a marathon. Gambling should be fun, not a challenge.
However, you should at least be aware of your risk tolerance. Perhaps more so than any other factor, managing one’s bankroll is essential.
Decide how much you can afford to lose before heading to the casino. That sum serves as your starting capital.
Choose a betting amount before entering the casino. You can use that to create separate bankrolls for each gambling session.
For illustration, consider the following:
You’ve also settled on a daily playtime schedule of two sessions of 2.5 hours each. During each of those sessions, you’ll have a $250 bankroll.
Your session ends when you lose the $250 you brought with you. This keeps you busy and your wallet full, so you don’t have to worry about running out of money before you return home.
It’s essential to keep in mind that the odds are stacked against you when you play these games.
If you want to become an advantage gambler, focus nearly exclusively on games in which you have an advantage. Instead, put your faith in your advantage of gambling strategies and disregard your gut instincts.