I’ve been gambling for several decades and have read my fair share of gambling tips. Some tips are good and some don’t do much to help. But 1 thing that I’ve found is that most gamblers don’t really seem interested in improving their results by finding good tips.
Instead, they just keep doing what they’ve been doing, which is losing. I don’t know about you, but I don’t like to lose.
Here’s a list of 5 gambling tips that most gamblers refuse to use. But you can take advantage of these tips and improve your gambling results.
1 – Return to Player Percentage or House Edge?
The first thing to know is that most gamblers don’t know what a return to player number or what a house edge is. So just by learning what these things are and how they influence your gambling wins and losses you’re ahead of most gamblers.
Return to player percentage is the percentage of money a gambling game returns over time based on the total amount wagered against the game.
The house edge is the percentage of all of the money wagered against a game over time that the game or activity keeps as a profit.
I know this can be a little bit confusing, but take your time and read the 2 definitions again. You can see that the return to player percentage and the house edge is directly linked. If you add the house edge percentage and the return to player percentage together they equal 100%.
But these numbers are useful beyond being related. If you have either of these numbers you can determine how much a game costs you to play. All you need is either the house edge or return to player percentage and how much you’re going to bet on something in total.
You get to decide how long the amount of time is that you want to use, but the most common time is an hour. I always figure out how much I’m going to risk in an hour because this is an easy to work with metric.
The way to determine how much it costs to participate in a gambling activity is to multiply the house edge times the amount of money you’re risking. If you don’t have the house edge, simply subtract the return to player percentage from 100% to get the house edge.
For example, if you’re gambling and the activity has a return to player percentage of 98% and you’re risking $200 every hour, here’s how to determine your expected losses. 100% – 98% = a house edge of 2%.
2% X $200 = $4.00
You need to run these numbers for every gambling activity that you plan to participate in. This is going to help you quickly find the best activities and avoid the worst activities.
2 – Why Are You Doing Things You Can’t Win?
If you followed the advice in the last section you can quickly see that most gambling activities are set up to cost you money. In fact, the way that most gamblers operate they have no real chance to make money in the long run.
The best that most gamblers can hope for is to play games and do things that have a low house edge. And this is a good place to start.
Gambling activities that have a low house edge tend to require some work beyond just playing the games. You need to use strategy when you play some games, and these games are usually the ones that have the best odds. But they only have the best odds when you use strategy.
The best gambling activities for gamblers who don’t know how to find an edge are blackjack, video poker, and baccarat. All of these games require at least a small amount of strategy in order to play with a low house edge, but the strategies are easily accessible.
If you’re serious about being the best gambler you can be, there are some extra steps you can take. You’re going to learn what these steps are in the rest of this article.
And the good news is that when you follow the right stapes, you have a chance to turn the tables on the gambling houses and play with an edge instead of playing against an edge.
3 – Control Everything That You Can
Even though most gamblers never look at it this way, gambling is about control. Most gamblers give control over everything to the casino, sportsbook, or poker room. But you don’t have to do things the same way as every other gambler does.
While there are some things that are beyond your control, there are still plenty of things you have control over. Control starts with you. You can control what you do to prepare to gamble, what gambling activities you choose to participate in, and what kind of comps or rewards or bonuses you get when you play.
This starts with education. You need to learn what activities give you the best chance to win, and you need to learn how to maximize your returns. If this means learning all about rules and strategies, then this is what you need to do.
You also need to learn about bonuses and comp programs so you can get some of your losses back in some form and/or build your bankroll.
The other important thing you can control is your mindset and emotions. You need to make gambling decisions based on facts and not emotions. And sadly, fun is low on the list of requirements if you really want to have a chance to win.
4 – How to Find the Edge You Need
You’ve learned many things that you need to know in this article if you want to find an edge. When you play with an edge you get a return over 100%. You probably know by this point that this is hard to do. But it’s not impossible.
You can find ways to gamble with an edge, even if it looks like it’s impossible. Knowing this is possible is the first step. The second step is learning exactly how to do it. And the casinos and gambling houses don’t want you to figure this out.
In the next section you’re going to learn about the 3 big opportunities that gamblers have. Each of these 3 opportunities has a realistic path to gambling with an edge. I warn you that it’s going to take time and effort, but if you’re willing to do what you need to do you can gamble with an edge.
5 – The 3 Big Opportunities for Gamblers
The gambling activities listed in this section aren’t the only ones that you can participate in with an edge. But these 3 are the best ones to consider at this point. Once you learn how to gamble with an edge using at least 1 of these 3 activities you can start looking for other profitable opportunities.
You have to do a lot of work to learn all of the winning strategies at the poker table, but once you master certain strategies you can make a long term profit.
Gambling on sports – Gambling on sports is challenging, but there are some experts who can win enough of their sports bets to make a profit.
Start by learning how to handicap sporting events and then learn how to find the best betting lines. This takes a lot of work, but the effort is worth it once you start winning.
I know that most gamblers don’t use tips like the ones included in this article. And I also know that if you use these tips you have a better chance of winning than most gamblers.
Don’t make the same mistakes that losing gamblers make. Take advantage of good tips and tactics when you find them.
Finding the best gambling options starts with return to player numbers and the house edge. These numbers tell you what you can and can’t win. Take control of everything you can when you gamble, and learn how to truly find an edge. Look at the big 3 for the best opportunities.