While many of the gambling facts you might have found in Las Vegas could be useful in online gambling it's essential that you realize there are some critical differences. But with a knowledge of the facts surrounding your chosen game, and armed with some gambling tips from experienced online players, you will see online gambling not just a fascinating and exciting adventure bit also an opportunity to turn your gambling hobby in to a profitable venture.
Critical Rules for Every Game
1. Never chase after your losses. Don't increase your bets because you're losing and need to get even; only increase your bets within 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 referring to hands of blackjack, rolls of the roulette wheel or throws of the dice.
5. The important thing to winning is to maximise your wins and to minimize you losses.
6. Learn and memorize the odds at this game you have chosen to play along with the best strategies to use in an effort to maximise your winnings at that one 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 for your everyday living expenses.
8. If you're playing against other players online this is doubly important. The moment you begin gambling with "dear" money one other player will sense your heightened stress and play accordingly - often bullying you out of a bet because they know you're more tentative together with your "dear" money.
9. Set an end loss amount and stick to it. Divide your total gambling bankroll into four separate amounts. Divide each of those amounts into four smaller amounts. If you lose among the smaller amounts, change tables or games or just take a break. If you lose your complete first allotment, stop gambling for the day.
10. Be disciplined and avoid the gambler's demise of starting your following allotment because you feel like your luck "just has to show around."
11. Plan ahead. Once you take up a gambling session determine the quantity that you want to win (be realistic) and when you reach that time put the money away and walk.
12. When you're winning, draw some money occasionally from your own gambling bankroll and put it in to a "do not touch" bankroll to guard that portion from further risk.
13. No money management system will ever overcome the house advantage within the long term. You'll always lose more frequently than you win. The important thing is that you should 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 when you win and decrease the levels of your bets when you lose. To utilize this technique properly you should begin a "standard" betting unit.
15. Your "standard" betting unit should be considered a comfortable percentage of the gambling bankroll that you will be working together with for a specific gambling session. As an example, if your session's bankroll is $100, you may make your "standard" betting unit $10.00. In this way you'd be able to play at least 10 betting events before running out of funds even though you lost all 10 events in a row.
16. These systems enable you to win relatively huge amounts during a warm streak while helping minimize your losses during cold streaks.
17. A common example with this strategy is to add one-half of the amounts you win to your following bet. As an example, at blackjack in the event that you win a hand together with your "standard" betting unit of $10.00 you'd add $5.00 to the bet on the following hand for a complete 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 the following hand. Once you eventually lose a hand, go back to your "standard" betting unit of $10.00 on the following hand and start the machine all over. Of course used these increases of 50% will undoubtedly be approximate.
18. Another harder system would be to always keep your bankroll divided into a specific quantity 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 own gambling bankroll occasionally to place it into your "do not touch" bankroll. As an example, when you double your bankroll you may take one-half of the winnings to place to the "do not touch" bankroll. If you experience an extended winning streak employing 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 when you lose and decrease the levels of your bets when you win. Again, to utilize this technique properly you should 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 go back to your "standard" betting unit when you win. As an example, at blackjack in the event that you bet $10.00 and lose you'd bet $20.00 on the following hand. If you win that hand you'd then lessen your bet to the "standard" $10.00 bet for these hand. In every gambling, the Martingale system will always fail in the long run.
22. This technique can be quite frustrating because during a warm 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 money occasionally from your own gambling bankroll winnings and put it in to a "do not touch" bankroll.
Playing Roulette
24. American roulette is among the worst casino games that you can play because the house advantage under standard rules is 5.26% or higher.
25. European roulette offers a lower house advantage under standard rules of 2.7% since there are fewer slots with only one "0" in place of the "0" and "00" in American roulette.
26. All bets on in American roulette give the house a bonus of 5.26% with one exception: the "0", "00", 1, 2, 3 combination bet gives the house a much bigger 7.89% advantage.
27. All roulette betting systems depend on the inaccurate assumption that caused by previous spins can predict future results. Unless the machine is defective or fixed, each spin carries exactly the same odds as every other spin.
28. Typically the most popular 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 just for amusement but to win money you should take a shot at the bigger payoff bets and hope you will get lucky.
30. Try a modified positive progression system at roulette. Divide the quantity you're willing to get rid of at one roulette session into 35 "standard" betting units. Select one number and bet one unit on that number (must be at least equal to the table minimum bet). Continue playing one unit on that same number until you either win or run from the 35 unit bankroll. If you win, bet two units on a single number and continue betting two units on that number until you either win or lose your bankroll. If you win again, walk away!
31. Roulette is really a relatively slow moving game compared to other online games, so it should take you a longer time to get rid of your bankroll.
32. Do not play roulette as a way to win money; the odds are overweight in favor of the house. Play roulette only as a way to own fun and pass the time without losing a fortune quickly.
Playing Baccarat
33. Baccarat is among the easiest casino games to play and offers a relatively low advantage to the house of just 1.06%.
34. There could be as many as 12 to 14 players at a dining table, with the role as dealer passed across the table much since 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 may make any decisions regarding play; the principles of the game stipulate what must certanly be done 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. Within an 8-deck game, the house advantage is slightly less for a "banker bet" and dramatically higher for a "tie bet", so it seems most logical to bet only on the banker.
40. As in most online gambling, card counting is meaningless as the deck(s) is usually shuffled after each turn in baccarat.
Playing Blackjack
41. Blackjack offers among the lowest house advantages at around .60%, but expert players can create situations where the player has an advantage.
42. For the serious player there are numerous complex strategies that want time and dedication to master. interwin88
43. Never just sit back cold at a table. Blackjack is commonly a casino game of streaks, so watch a dining table for a few hands to ascertain when it is a warm or cold table for the players.
44. A "soft" hand is really a hand by having an Ace which can be counted as either a 1 or an 11 in value and still keep consitently the hand's total at 21 or less.
45. A "hard" hand is really a hand by having an Ace that must definitely be counted as 1 in value in order to keep consitently the hand's total at 21 or less.
46. A beginning or social player should stick to the generally accepted rules of the fundamental blackjack strategy.
47. Never hesitate to take a card that might bust you. Always play the odds; don't let driving a car of a bust stop you from taking a card when you know it's the option with the greatest probability of success no matter how small that probability may be.
48. Read one of the numerous excellent books on counting cards if you are intent on blackjack and willing to invest lots of time practicing and perfecting your play. As in most online gambling, card counting is of little value as the deck(s) is usually shuffled after each hand. In blackjack, however, with many players at a dining table it might be good for this 1 hand
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