Online gambling tips you MUST know (part 2) - Acura ILX Forums ILX Club
 
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post #1 of 3 (permalink) Old 11-28-2018, 10:55 PM Thread Starter
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Online gambling tips you MUST know (part 2)


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6. Never play American roulette

Every online casino offers two different forms of roulette: American and European. The only difference between the two is that American roulette has an additional slot marked for double-zero. This extra slot increases the odds of losing every bet and results in twice the house advantage.

Always stick with European roulette. There are no other differences between the games. You will lose half as much money over the long term with European roulette.

7. Set a win limit, loss limit AND a time limit

A win limit will help you pocket your winnings and end more sessions on a winning note. A loss limit prevents you from losing obscene amounts of money. A time limit helps you avoid gambling too long and making bad decisions late at night. Choose a number for all three limits and quit whenever you hit one.

8. Understand the house advantage

You should remember that the house always has an advantage over the long term. No matter how well you play, you will always eventually give your money to the house. Yes, you may get lucky and win a bunch of money, but that requires good luck. Most days will result in losses.
Some games have a higher house advantage than others. For example, the house advantage in a game of American roulette is 5.27% while the house advantage in European roulette is just 2.7%. Stick with the games with the lowest house advantage.

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9. Keep it in perspective

This is a follow-up to tip number eight. Remember that gambling is all about having fun. The house advantage will come through over the long run and ensure that you are a profitable customer for the casino. Look at your gambling expenditures as the cost for a day of entertainment. Do not look at gambling as a way to pay the bills or dig yourself out of financial trouble.

If gambling ever consumes too much of your time or money, its time to take a break. If gambling is not fun, dont do it. The best way to keep it in perspective is to remember that gambling always has a cost associated with it. If that cost becomes too great, it is no longer fun and has lost its value for you.

10. Practice bankroll management

Bankroll management keeps you in the game longer and develops good gambling habits. No matter how much money you have, make sure every wager that you place represents a small percentage of your overall bankroll. I like to keep my bets equal to or less than 1% of my total bankroll.

Bets that account for a large chunk of your bankroll will get you in trouble fast. All it takes is a minor streak of bad luck and youll bust out in no time. Then youre left with the wonderful options of either making a new deposit or quitting.

11. Dont gamble with money you need for something else

Set aside money for gambling and consider that money gone. This should help you avoid gambling with money that you need for something else. Hope for the best but prepare for the worst. If you lose your entire bankroll, you should still have enough money to pay the bills and save for the future.

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