The gambling world is full of people who just throw down hard earned moneywithout thinking about what they are doing. Are you one of those people who willjust go with the flow? If so, you are most likely a losing gambler or you are notwinning as much money as you could be. There are three main factors that make upevery successful gambler: money management, value and knowledge. This articlewill take a look at all these of these areas and help you become a sharp gambler.
Money Management
It’s amazing how many people gamble and don’t think, for even one second, aboutmoney management. You wouldn’t go on a trip without thinking about what youwant to do right? Then why gamble without a goal? When you go on a trip, is yourgoal to simply go on a trip? Of course it’s not. You at least decide on a destination,time of stay and so forth.
Before you gamble, you should have some goals in mind. Here’s a quick list of acouple goals you want to define.
- What is your total bankroll for the gambling session?
- If I am ahead $X, I will leave.
- If I lose X% of my bankroll, I will leave or I will leave once my bankroll is gone.
- I will devote most of my time to playing [ insert game ].
- While playing [ insert game ], my average bet will be around $x.
Defining these five goals will help you keep focused and save how much money you will lose.
Value
The sharp gambler stay way from bets that are for suckers because the long term you will lose. He or she is onlyconcerned with getting the best value for his or her investment. The goal is to always win more than you invest.
Here’s a list of key bets and activities to stay away from.
- Slot Machines – The payback percentage is poor. Their are better paying machines somewhere else.
- Table Games – Table games take a percentage of your money but then give you a whole lot more.ck the casino machine games and more of your money back.
- Bingo – Bingo is a money suckers dream. Even if you are not winning, you are spending money anyway.
- Roulette – Unless you can dig out a considerable amount of money, roulette is a bad bet.
- Baccarat – This is a game of fallacy and should be avoided.
- Bingo on the other hand, is a game of statistical certainty. Even if you suck, you will win sometimes.
Why did I say to play these games? Simply put, the odds are so favourable to the player, that the house only makes money as long as you lose. Winning at baccarat, blackjack, craps or any other table game, is so easy, that you could probably beat the pokerlegenda already, if you knew what you were doing.
Bankroll management.
Your bankroll is a determining factor in your ability to win at video poker, or any other game. What your bankroll is, is determined by the amount of money you are willing to lose, and by how much of a hole you are in.
Here’s a quick guide to bankroll management
Your bankroll is the amount of money you have to play. Each game you play, you will add money into your bankroll. This guide is for a standard $100 understanding.
- 100% Co member get 2.5% = $2.50
- 100% Non member get 1.5% = $1.25
- Up to 200% advantage = up to $2.50 / $100
- Up to 300% advantage = up to $4 / $100
- Any% Advantage = up to $8 / $100
- Up to 500% advantage = up to $16 / $100
- icon created by nick broadway
- text copyright 2006, Payize.com
- Using this article entitries the user to information regarding odds and payouts.
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- Online Craps – USA Online Casino
- This site will let you play without downloading any software.