Good betting tips you should know before betting

1. Use a Simple Bucket Budget to Manage Your Money

Effective money management is critical to good gambling habits and while many people do commit themselves to risking no more than a certain amount of money on any gambling excursion, you can create a better budget than that. But no one wants to saddle themselves with a complicated spreadsheet they have to consult on every game.

What you want to do is rotate your money as you play. Say for example you visit your local casino with $60. You could go in with 5 $10 bills, a $50 bill and 10 singles, etc. It would be better to settle on how many tickets you want to rotate. Three is a nice modest number, so get three $20 bills.

This way you can start out with small wagers and hope to roll them up. If you run through the $20 on your first game move on to a different game.

When you get to a point where you have doubled one ticket take your money and divide it so that you always have three tickets (or four if that is how you want to play). As long as you have as many tickets as you started playing with you don’t have to stop and think about your money.

A good rule of thumb is to pull any ticket that you have doubled in value.  As long as you have at least one ticket with double value or greater you can risk playing down another ticket.

2. Look for Smaller Jackpots

Whether you are playing the slots, keno, or roulette you will see the temptation to play a game that promises a crazy payoff.  Always remember that the money for those payoffs comes from the players.

So if you are playing the slots, pick the game that pays 4,000 max credits instead of the game that pays 10,000 max credits. Your chances of winning are better with the smaller payoffs. This is due to a low variance in the game design.

If you ignore all warnings from experienced gamblers to play keno, go for a small number of picks. The safest range of picks is 3 to 5. You don’t risk as much money because you’re more likely to win something.

3. Make Smaller Bets

Some gambling advice articles suggest you should “go big or go broke”. That is terrible advice. The faster you lose your money the sooner you will be done gambling. If you just want to get out of the casino then leave immediately and save your cash. Otherwise, stretch it out by making small bets.

Unless the rules of the game make it more likely that you’ll win by betting more there is no reason to “bet more to win more”. Your chances of winning or losing are the same regardless of whether you bet $1 or $100. But you have more chances to win or lose when you bet $1 than when you bet $100.

If the prizes are proportionally the same regardless of the size of the bet then you gain nothing by betting more. You’re not just multiplying your wins you’re also multiplying your losses when make larger wagers.

Some people sneer at the idea of playing small wagers. Ignore them. If they don’t do the math and see that they can stay in the game longer with small bets that is their mistake.

You might win $1000 with a $5 bet. That is always true. And if you played a $1 bet and only won $200 you may feel like you cheated yourself by not making that larger bet. Don’t do this to yourself. What you have to think about is how many more wagers you can make with your current bankroll, assuming you never win until the last wager.

The more wagers you make the more times you should win.

4. Play the Short Odds, Not the Long Odds

It may not be as much fun to win $20 as to win $200 but the short odds tell you who most people favor in a game. When enough experienced bettors are favoring one competitor over another, that’s a signal you’re not likely to win on the long odds.

Yes, there is always that occasional event where something unexpected happens. It wouldn’t be gambling if we were never surprised. Conservative betting may produce modest wins but it produces more wins than aggressive betting, especially if you don’t like doing the research.

The same principle holds true in table games and slot games. In blackjack, for example, experienced players don’t like to be dealt a 15 or 16 in their hand. The chances of winning are less than if they are dealt an 18. And you can always hit on an 11 or less.

5. Use Time Management and Money Management Systems

You can’t change the odds and probabilities with a betting system but you can and should manage your gambling habits and budget. Too many players just walk into the casino, start gambling, and keep going without any idea of how long they will play or how much they will risk.

It’s okay to visit the ATM once, although you will save a few dollars if you withdraw your cash at your bank’s ATM. If you keep pulling money out of your accounts all night long, maybe you should take a break from gambling and come back another evening.Setting a time limit on how long you play a game is good for several reasons.

6. Play Free Games Before Playing for Money

If you are out of practice or have never played a gambling game before, look for free versions of the game online where you can practice. Many Websites now offer free games for roulette, blackjack, and slot games in a “try before you buy” spirit.

You can learn the rules of the card games without risking your money by playing free games. It’s not exactly the same experience when you play a computer but you should invest a few hours in studying how blackjack works by playing the free games with a tutorial. You can take your time looking up the probability tables on each hand.

This won’t make you an expert overnight but you’ll feel more confident when you sit down at that table with the live dealer.

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