Everyone wants to find an easy way to win more money at the casino, poker room, sportsbook, or race track. But there aren’t many shortcuts to gambling success.
However, there are a few easy things you can do to start improving your results. I’m going to share a few of these ways with you on this page.
Here are the top three easy ways to become a better gambler. These tips deal mostly with real money casino gambling. Start using these three strategies today and you’re going to start getting better gambling results right away.
1 – Know the Numbers and Pick the Best Betting Options
I’m a mathematician, with a BS degree in mathematics, so numbers are something that I’m comfortable with. This is why I enjoy gambling so much. I can use math to help me when I gamble.
Not everyone is comfortable with math. In fact, many people hate it or are scared of it. But you have to learn some basic mathematical facts about gambling if you want to become a better gambler.
The good news is that you don’t have to have a degree in math or be some kind of genius. You just need to learn where to find the numbers you need and understand what they mean and how to use them.
The big thing that you need to learn about is the house edge. Every gambling option has a house edge when you place bets in a casino, at a sportsbook, in a poker room, or at a race track. The house edge is created a different way in each place, but these businesses take bets and make a profit.
When the business, like a casino, makes a profit, it means that most of the people gambling there are losing money.
The house edge is usually stated as a percentage, and it’s the amount of money the house makes when people place bets.
Here’s an example of the house edge:
You play a game with a house edge of 1%. You make 100 bets at $25 each on this game. This means the total amount you bet is $2,500. Over the long run, the house makes 1% on every dollar wagered on the game. In this example, you can expect to lose $25. You get this number by multiplying the $2,500 you bet times the 1% house edge.
The first thing you need to do is look at the house edge for all of the gambling options you’re considering doing. Once you know the house edge, then you can pick the ones with the lowest house edge.
By simply switching from a game with a high house edge to one with a lower house edge, you improve your chances to win and lose less money in the long run. This makes your bankroll last longer, and extends how long you can play.
2 – Only Gamble on What You Know, Never on What You Don’t Know
The single biggest mistake that you can make as an unwary gambler is making bets on things you don’t understand. This happens every day in casinos around the world, yet it doesn’t look like it’s ever going to stop.
Casinos and other gambling establishments are always looking for ways to increase their profits. This is the same as other businesses, and it isn’t bad. This is why they introduce new games and new betting opportunities.
When a casino or other gambling establishment introduces a new betting option or game, they hope it makes more money than something else they offer so they can replace low revenue and profit options with higher revenue and profit options.
In the first section you learned how important it is to know the number. When you play a new game you don’t know the numbers. You don’t know the house edge, and you don’t know the best strategy. You’re going to learn more about the importance of strategy in gambling in the next section.
The simple solution to this is to never play a game or make a bet on a gambling option that you don’t know about or don’t understand. If you simply want to gamble on something without thinking about it, you have plenty of options.
Here’s an example of how costly this mistake can be:
You see a new table game that looks interesting in the casino and sit down to try it out. You play 100 hands at $20 per hand over the course of two hours. You don’t know it at the time, but the house edge is 6% on the game.
You risk $2,000 over the two hours, and you lose $120.
You could have been playing blackjack using a strategy card over the same two hour period. You play blackjack on a table with decent rules, and the house edge is .5%. You risk the same $2,000, but you only lose $10.
By playing the game you don’t know anything about, you lose $110 more over two hours than you needed to.
Don’t fall into this trap. When you see new gambling option or find one you don’t know enough about, don’t play it. Spend some time learning about it, and then you can make an educated decision before you play.
3 – No Strategy Equals a Bad Choice
Gambling options fall into one of two broad categories. Some gambling games can be influenced by using one or more strategies, and others can’t be influenced by using strategy.
Here are some gambling options that have strategy components:
- Video Poker
- Sports Betting
- Esports Betting
- Horse Racing
Here are some gambling options that don’t have strategy components:
- Lottery Games
- Slot Machines
- Roulette (A single zero heel is better than others, but there’s no actual strategy you can use while playing to change the house edge.)
Look at the list of gambling options and see which ones are the most popular. In terms of total money gambled, lottery games and slot machines are toward the top. These are both on the no strategy list. The only gambling option that rivals these two options on the strategy list is sports betting. And most sports gamblers treat it like a slot machine, guessing and hoping for a win.
The fastest way to become a better gambler is to stop playing any game on the no strategy list. Games that don’t have a strategy component tend to have a higher house edge. Of course, if you don’t use strategy when you play the other games, it’s the same as playing a game from the non strategy list.
Pick one or two options from the list of gambling options that have a strategy component and learn as much as you can about the correct strategy.
If you want to play games that don’t have a complicated strategy, you can play craps or baccarat. If you’re willing to use a strategy card to get a low house edge, blackjack and video poker are good options.
And if you’re willing to put in extensive work on learning and using good strategies, you can have a good opportunity to win in the long run. The games that fit in this category include poker, sports gambling, and racing. Blackjack can also fit in this category if you learn how to count cards.
The bottom line is that you need to be playing games that have a strategy component, and you need to learn and use the best strategies when you gamble. Stop doing any gambling activity on the non strategy list.
If you don’t know the numbers behind the gambling activities that you participate in, and don’t know how to use the numbers, your odds of winning are low. The good news is that it’s not hard to learn the numbers you need to know. And once you learn the numbers, you can pick the right activities to bet on.
Never gamble on something that you don’t know or understand. This is how casinos and other gambling providers take advantage of gamblers. And stop playing any gambling games or making bets on anything that doesn’t have a strategy component. If you can’t use strategy to lower the house edge you shouldn’t be playing.