How to Become a Better Gambler Than Any of Your Friends

The first step in gambling better than your friends in the casino is to understand from the outset that you’re not going to figure out a sure thing. The number of people who are temperamentally able to hit the casinos are a tiny percentage indeed.

And making money at poker is easier than making money at casino gambling. Sure, you could do it, but most people don’t want to do it badly enough.

It would be easy to say that gambling in a casino doesn’t have much to do with money, but that would be obtuse. Let’s face it. When it comes to casino gambling, money is the point.

Well, that and the entertainment value that you get in exchange for your money.

Too many casino gamblers take a lackadaisical attitude toward their money. That’s not a recipe for success in any casino, no matter how you define “success.”

When you’re playing a casino game – unless you’re an advantage gambler – you’re going to be facing a game with a mathematical edge. And that edge favors the casino – not you.

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No matter how well you play, you’ll eventually lose all your money playing casino games – if you play long enough.

Your goal should be to compare the amount of money you’re estimated to lose playing a game with the amount of entertainment value you’re getting from that game.

One rough way to measure a good bet versus a bad bet is to look at the house edge. Everything else being equal, the higher the house edge is, the worse the bet is for you.

For example, if you’re playing blackjack with perfect basic strategy, the house edge is possibly less than 0.5%.

This means that in the long run, if you bet $100 per hand on blackjack, you’ll lose an average of 50 cents per hand. That’s the AVERAGE, though. In the short run, you’ll be up some of the time and down some of the time.

To project how much it’s going to cost you to play a particular casino game, you need more information than just the house edge. You also need to know how many bets you’re going to place per hour and how much you’re going to risk on each bet.

For example, when playing blackjack at a table with a pair of other players, you might see 90 hands per hour.

A roulette table might play much more slowly, though – you might only see 45 hands per hour.

In conclusion you just need to pay attention to your money and how much entertainment you’re getting in exchange for it.

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