You can win big at the casino and you don’t even have to cheat. (Or risk bodily harm from security guards) Before you start playing with a strategy in mind, remember that gambling is supposed to be fun. If you find yourself on a losing streak then it’s best to walk away and try your luck later. When you’re on a roll and have money to spare, remember these tips.
1. Calculate the Cost
You can calculate the average hourly cost of playing a casino game by the number of bets you make per hour times the size of the bets times the house edge. If you can find a way to average about $7.50 an hour, then you can count it as a trip to the movies with free drinks. Reminding yourself of this will help you to stay sane and know when to quit-whether you’re ahead or are come away with just a minimal loss.
2. Calculate the Odds
It also helps if you create your own odds before playing so that you will know how probably the outcome of a game will be. Compare the number of ways to success with the number of ways of failure. For example, if you’re rolling dice and looking for a lucky number 6, your odds are 5-1. This may even help you decide which games are worth playing.
3. Let Go of Superstitions
Accept the fact that there is no such thing as good luck. Just because you may be experiencing some short-term success does not mean that this is your destined night. Lucky streaks are either examples of dumb luck or the casino drawing you in to pay more money.
4. Play the Games that Require Skill
Instead of dwelling on luck, focus on games that require learned skill-which will vastly improve your odds. For example, you can count cards with games like Blackjack, form a strategy with video poker or out-maneuver human opponents at traditional poker tables. Even sports betting requires some skill in prediction.
5. Use Mathematics, Don’t Play Against It
You have to view casino winnings in the short term, because this is where you will ultimately make your money. If you calculate the odds of winning in the long-term, the math says that you will lose everything. Keep this in mind when the opportunity arises to double your bets and buy more chances than you can reasonably afford.
6. Use the Experience of Others
Rather than learn mistakes on your own (though taking notes is a good move) try to learn better odds from casino gambling history. For example, experts say that in craps the bets are on the outside of the table. In slot machines, the higher denomination you play, the better the payback will be. Experience is the best teacher, but education is usually free while trying your luck at the casino remains expensive!