Casinos are designed to make money from their guests. The house edge ensures that the house (casino) always wins in the long run! So this means that the longer you play, the greater the chance that you will actually lose money.
The interesting thing is that gambling can go either way. There is no exact outcome that is fixed.
There are casinos that sometimes lose money in the short term because there are players who win (a lot of) money. But the common thread is that overall, players leave more money behind than they brought into the casino.
So the biggest challenge for a player is to find the right time to leave the casino with a win. The casino does not know in advance what the outcome of any casino game you play will be. You can lose or win, and there is little they can do about it.
As a player, you can increase your chances of winning. In this article, we provide you with some tools to help you better understand this phenomenon.
LOW STAKE
One mistake many players make is placing a bet higher than the minimum bet. And this applies to both slots and table games. The higher your bet, the faster you lose money. If there is no additional chance of winning with a high bet, there is no additional reason to bet more than the minimum bet.
In most cases, the house edge stays the same no matter how much you bet. You are just as likely to double your bet at blackjack by betting $5 or $50. It is self-deception to say that you can make more money by betting higher. The truth is that you will run out of money faster.
A casino also wants you to simply have a good time so you’ll come back next time. The reason there is a table (bet) maximum is so the casino can pay out players when they bet big. At Binions Horseshoe Casino in downtown Las Vegas, this maximum rule did not exist in the past and so each player could bet whatever he or she wanted.
PLAY WITH BONUS MONEY
Casinos sometimes allow you to play with bonus money such as Match & Play vouchers. Most casinos in Las Vegas have coupon books that give you an edge over the casino. In Las Vegas, we regularly go on a coupon spree. And on that day, we always make a profit because we have so many vouchers. In addition, there are additional ways to get free gambling money through MyVegas and many other apps.
When gambling online, a player can fully enjoy deposit bonuses and other bonuses. And with low stakes and conservative play, you can gain an advantage over time.
WIN BACK LOST MONEY
Many players believe that a bad run should be followed by a good run. And that is what is expected. Most systems assume this too, which results in you having to bet more to win back your lost money. In reality, you just lose your money faster and faster.
A famous example of this is the Martingale system. When you bet low, you have a better chance of winning your money back than when you bet high. And that’s because you’re likely to run out of money before luck is on your side.
We understand better than anyone that sometimes it’s fun to place a bigger bet and you want to take advantage of a good run. You could then agree with yourself to bet a maximum of 5% of your balance at a time. Let’s say you start with €200, then bet €10 at a time and when your balance is at €100 then only €5. But when you’re at €400 you can bet €20. Make good agreements with yourself about where you play and set your limits.
KNOWLEDGE OF THE PAYOUT PERCENTAGE
Players generally have no idea about the payout percentage of many casino games. They often say you should play Punto Banco or Blackjack because the house edge is much lower than on slots, for example.
You are right, but you have to know exactly how to play the game. If you make bad decisions at the blackjack table, the house edge will quickly increase. Play the games you like and see if similar casino games have better payout percentages.
Play relaxed and keep an eye on the time
Casinos will do anything to keep you in the casino longer so you don’t win at the casino. They take good care of you with drinks, snacks and distractions. Don’t fall into this trap and make sure you are fresh when you play. And know what time it is and take regular breaks.
Falling in love with a slot machine and then walking away to take a break is not a helpful move. And trying something else is better.
Make sure you have small bills in your wallet
A useful tip is that when you visit a casino, you can have small bills or casino coupons with you. If you put a $20 bill into a slot machine or at the roulette table, you can accept that loss more easily than if you only had $100 bills.
When you hand over your chips and/or casino vouchers to the cashier, it’s also convenient to ask for small denominations for them. And when you go back into the room, we all know what it’s like to take another gamble. And with a big bill, you don’t really want to do that.
Remember that the casino always wins and you can’t make a career out of gambling. Gambling is not a way to make money and certainly not a way to earn extra income. If you think so, then one piece of advice is best.
Stop visiting casinos and/or opt out. Gambling can be considered entertainment and if you are willing to pay money for it, then that is a decision we make ourselves.