While most of the gambling facts you might have acquired in Las Vegas can be useful in online gambling it's important that you realize there are some critical differences. But with a familiarity with the important points surrounding your chosen game, and armed with some gambling tips from experienced online players, you will find online gambling not really a fascinating and exciting adventure bit also a way to turn your gambling hobby into a profitable venture.
Critical Rules for Every Game
1. Never chase after your losses. Don't increase your bets because you're losing and would like to get even; only increase your bets included in a pre-determined strategy.
2. Don't gamble at any game that you don't understand. Learn it first.
3. Don't gamble and drink at the same. It's hard enough to win at gambling even without dulled senses.
Money Management - General Guidelines
4. You'll lose more frequently than you win and the longer you play the much more likely that fact is. And it's true whether you're speaing frankly about hands of blackjack, rolls of the roulette wheel or throws of the dice.
5. The key to winning is to increase your wins and to minimize you losses.
6. Learn and memorize the odds at this game you have chosen to play as well as the best strategies to use in an effort to increase your winnings at that specific game.
7. Never gamble with "dear" money; only gamble with "excess" money. Quite simply, never gamble with money that you will need, or may require, to pay your everyday living expenses.
8. If you're playing against other players online this really is doubly important. When you start gambling with "dear" money another player will sense your heightened stress and play accordingly - often bullying you out of a bet because they know you're more tentative with your "dear" money.
9. Set an end loss amount and stay glued to it. Divide your total gambling bankroll into four separate amounts. Divide each of those amounts into four smaller amounts. If you lose one of the smaller amounts, change tables or games or simply take a break. If you lose your whole first allotment, stop gambling for the day.
10. Be disciplined and avoid the gambler's demise of going into the next allotment when you feel your luck "just has to show around."
11. Plan ahead. When you start a gambling session determine the amount that you want to win (be realistic) and whenever you reach that time put the amount of money away and walk.
12. If you are winning, draw some cash occasionally from your gambling bankroll and use it into a "do not touch" bankroll to safeguard that portion from further risk.
13. No money management system will ever overcome your house advantage within the long term. You'll always lose more frequently than you win. The key is that you need to win more big bets and lose more small bets.
Money Management - Positive Progression Systems
14. A Positive Progression System is one in which you increase the amount of your bets whenever you win and decrease the levels of your bets whenever you lose. To use this method properly you need to set up a "standard" betting unit.
15. Your "standard" betting unit should be a comfortable percentage of the gambling bankroll that you will be dealing with for a specific gambling session. For instance, if your session's bankroll is $100, you could make your "standard" betting unit $10.00. This way you'd have the ability to play at the least 10 betting events before running out of funds even if you lost all 10 events in a row.
16. These systems enable you to win relatively large amounts during a hot streak while assisting to minimize your losses during cold streaks. interwin88
17. A common example of this strategy is to add one-half of the amounts you win to the next bet. For instance, at blackjack in the event that you win a hand with your "standard" betting unit of $10.00 you'd add $5.00 to the bet on another hand for an overall total bet of $15.00. If you win that hand you'd add $7.50 to the $15.00 for a bet of $22.50 on another hand. When you eventually lose a hand, come back to your "standard" betting unit of $10.00 on another hand and start the system all over. Obviously used these increases of 50% will undoubtedly be approximate.
18. Another more difficult system is always to continue to keep your bankroll split into a certain amount of units and then bet one unit on each event. As you win, your total bankroll becomes bigger so each unit will grow and you'll be betting larger amounts. As you lose, your units, and bets, become smaller.
19. Set up a system for drawing a few of the winnings from your gambling bankroll occasionally to place it into your "do not touch" bankroll. For instance, whenever you double your bankroll you could take one-half of the winnings to place into the "do not touch" bankroll. If you feel a lengthy winning streak using a Positive Progression System the winnings can grow dramatically.
Money Management - Negative Progression Systems
20. A Negative Progression System is one in which you increase the amount of your bets whenever you lose and decrease the levels of your bets whenever you win. Again, to use this method properly you need to establish your "standard" betting unit.
21. The most frequent negative progression system could be the Martingale System. Here you double the amount of your bet in the event that you lose and come back to your "standard" betting unit whenever you win. For instance, at blackjack in the event that you bet $10.00 and lose you'd bet $20.00 on another hand. If you win that hand you'd then lower your bet to the "standard" $10.00 bet for these hand. In most gambling, the Martingale system will always fail in the long run.
22. This method can be extremely frustrating because during a hot streak you're winning only your "standard" betting unit. And during cold streaks you're continually losing bigger and bigger amounts.
23. Remember, draw some cash occasionally from your gambling bankroll winnings and use it into a "do not touch" bankroll.
Playing Roulette
24. American roulette is one of the worst casino games that you can play because your house advantage under standard rules is 5.26% or higher.
25. European roulette supplies a lower house advantage under standard rules of 2.7% since there are fewer slots with just one "0" instead of the "0" and "00" in American roulette.
26. All bets on in American roulette give your house an advantage of 5.26% with one exception: the "0", "00", 1, 2, 3 combination bet gives your house a bigger 7.89% advantage.
27. All roulette betting systems rely on the inaccurate assumption that the consequence of previous spins can predict future results. Unless the system is defective or fixed, each spin carries exactly the same odds as every other spin.
28. The most used betting system at roulette could be the negative progression system known as Martingale (see #17). As in other games, the Martingale utilized in roulette will always fail in the long run.
29. Due to the heavy house advantage if you are playing not merely for amusement but to win money you might as well take a shot at the larger payoff bets and hope that you will get lucky.
30. Try a modified positive progression system at roulette. Divide the amount you're willing to get rid of at one roulette session into 35 "standard" betting units. Choose one number and bet one unit on that number (must be at the least equal to the table minimum bet). Continue playing one unit on that same number before you either win or run from your 35 unit bankroll. If you win, bet two units on the same number and continue betting two units on that number before you either win or lose your bankroll. If you win again, walk away!
31. Roulette is a relatively slow moving game compared to other online games, so it will get you an extended time to get rid of your bankroll.
32. Do not play roulette as a means to win money; the chances are fat and only the house. Play roulette only as a means to own fun and pass enough time without losing a fortune quickly.
Playing Baccarat
33. Baccarat is one of the easiest casino games to play and supplies a relatively low advantage to your house of just 1.06%.
34. There might be as much as 12 to 14 players at a dining table, with the role as dealer passed round the table much whilst the dice are passed around a craps table.
35. All players may bet on each hand and the bets are either on the "player", on the "dealer" or on a tie. With the exception of the tie bet, baccarat is significantly like betting heads or tails on the flip of a coin.
36. Neither banker nor player could make any decisions regarding play; the rules of the game stipulate what must be finished with every hand and a home "dealer" supervising the game will direct the play accordingly.
37. Winning bets on the player or the dealer both pay even money, minus a 5% commission paid either during the time of the bet or when the player leaves the table.
38. Winning bets on a tie usually pay 8 to 1, again minus a 5% commission.
39. In a 8-deck game, your house advantage is slightly less for a "banker bet" and dramatically higher for a "tie bet", so it appears most logical to bet only on the banker.
40. As in all online gambling, card counting is meaningless as the deck(s) is usually shuffled after each and every turn in baccarat.
Playing Blackjack
41. Blackjack offers one of the lowest house advantages at around .60%, but expert players can in fact create situations where the player posseses an advantage.
42. For the serious player there are many complex strategies that need time and dedication to master.
43. Never just sit down cold at a table. Blackjack tends to be a game title of streaks, so watch a dining table for a couple hands to find out when it is a hot or cold table for the players.
44. A "soft" hand is a hand by having an Ace that can be counted as whether 1 or an 11 in value and still keep carefully the hand's total at 21 or less.
45. A "hard" hand is a hand by having an Ace that must definitely be counted as 1 in value in order to keep carefully the hand's total at 21 or less.
46. A beginning or social player should stay glued to the generally accepted rules of the fundamental blackjack strategy.
47. Never be afraid to take a card that could bust you. Always play the odds; don't let the fear of a bust prevent you from having a card whenever you know it's the choice with the highest possibility of success irrespective of how small that probability may be.
48. Read one of many excellent books on counting cards if you are seriously interested in blackjack and willing to pay lots of time practicing and perfecting your play. As in all online gambling, card counting is of little value as the deck(s) is usually shuffled after each and every hand. In blackjack, however, with many players at a dining table it might be good for that one hand
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