Casinos are designed to make money from their guests. The house edge will ensure in the long run that the house (casino) always wins! So this means that the longer you play, the more likely you are to actually lose money.
The interesting thing is that it can go either way with gambling. There is no exact outcome that is set.
There are casinos that sometimes lose money in the short term because there are gamblers who win (a lot of) money. But the common thread is that players leave more money in total than they brought to the casino.
So the biggest challenge for a player is to have the right time to leave the casino with a profit. The casino does not know in advance what the outcome of a casino game you are playing will be. You can lose or win and there is little they can do about it.
What you can do as a player is to increase your chances of winning. In this article we will give you some tools to better understand this phenomenon.
LOW BET
A mistake many gamblers make is betting more than the minimum bet. This is true for both slots and table games. The higher your bet, the faster you lose money. If there is no extra chance of winning with a high bet, there is no reason to bet more than the minimum bet.
In most cases, the house edge remains the same no matter how high you bet. You are just as likely to double your bet in Blackjack with a $5 bet as with a $50 bet. You are kidding yourself by saying that you can make more money with higher bets. The truth is that you will run out of money faster.
A casino also wants you to have fun, so you come back next time. The reason there is a maximum table (bet) is so that the casino can pay players if they bet high. Binions Horseshoe Casino in downtown Las Vegas did not have this maximum rule in the past and so each player could bet whatever they wanted.
PLAY WITH BONUS MONEY
In casinos, you can sometimes play with bonus money like match & play vouchers. Most Las Vegas casinos have coupon books that give you an edge over the casino. In Las Vegas we regularly do a coupon tour. And it is a day where we always make a profit because we have so many coupons. So there are additional opportunities to get free gambling money through MyVegas and many other apps.
In online gambling, a player can fully indulge in deposit bonuses and other bonuses. And with low bets and careful play, you can gain an edge over time.
EARN BACK THE LOST MONEY
Many players think that a bad run should be followed by a good run. And that is expected. Most systems also assume this, which forces you to bet more to win back the money you lost. In reality, you lose your money more and more and faster.
The Martingale system is a famous example. With low bets you have a better chance of winning your money back than if you bet higher. And this has to do with the fact that you will probably run out of money before luck is on your side.
We understand better than anyone that sometimes a bigger bet is fun to place and you want to milk the good run. You might therefore agree with yourself to bet a maximum of 5% of your bankroll at a time. Let’s say you start with €200, then you bet €10 at a time and when your bankroll is €100, then only €5. But when you are at €400 you can bet €20. Make good agreements with yourself on how far you play and set your limits.
KNOWING THE PAYOUT PERCENTAGE
Players generally have no idea about the payout percentage of many casino games. They often say that you should play Punto Banco or Blackjack because the house edge is much lower than, for example, slots.
They are right, but you have to know exactly how to play. If you make bad decisions at the blackjack table, the house edge increases rapidly. Play 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 everything they can to keep you longer so that you do not win at the casino. They take care of you with drinks, snacks and distractions. Do not fall into this trap and make sure you are fresh while playing. And know what time it is and take regular breaks.
Falling in love with a slot machine is not a useful move and walking away to take a break. And trying something else is better.
MAKE SURE YOU HAVE SMALL BILLS IN YOUR WALLET
A helpful tip is to have small bills or casino vouchers with you when you visit the casino. If you put a $20 bill in a slot machine or at the roulette table you can easily accept that loss than if you only had $100 bills.
When you hand over your chips and/or casino vouchers to the cashier, it pays to ask for these small denominations as well. And when you get back to the room, we all know what it feels like to have another bet. And with a large account, you just don’t want to do that.
Remember that the casino always wins and you can’t make a career out of gambling, gambling is not a profit and certainly not a way to earn extra income. If you think so, then a tip is the best.
Stop visiting casinos and/or unregister. Gambling can be seen as entertainment and if you are willing to pay for it then that is a choice we make ourselves.