While lots of the gambling facts you may have picked up in Las Vegas can be useful in online gambling it's essential that you realize there are a few critical differences. But with a knowledge of the important points 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 a way to turn your gambling hobby into a profitable venture.
Critical Rules for Every Game
1. Never chase after your losses. Don't boost your bets because you're losing and want to get even; only boost your bets as part of 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 will lose more regularly than you win and the longer you play the more likely that fact is. And it's true whether you're discussing hands of blackjack, rolls of the roulette wheel or throws of the dice.
5. The key to winning is to maximise your wins and to minimize you losses.
6. Learn and memorize the odds at the particular game you have chosen to play along with the best strategies to use within an attempt to maximise your winnings at that particular game.
7. Never gamble with "dear" money; only gamble with "excess" money. Put simply, never gamble with money that you will need, or may need, to pay your everyday living expenses.
8. If you're playing against other players online this really is doubly important. The moment you start 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 with your "dear" money.
9. Set a stop loss amount and adhere 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 simply take a break. If you lose your complete first allotment, stop gambling for the day.
10. Be disciplined and prevent the gambler's demise of entering the next allotment since you feel your luck "just has to show around."
11. Plan ahead. Whenever you begin a gambling session determine the amount that you want to win (be realistic) and whenever you reach the period put the money away and walk.
12. If you are winning, draw some money occasionally from your own gambling bankroll and use it into a "do not touch" bankroll to protect that portion from further risk.
13. No money management system will ever overcome your house advantage within the long term. You will always lose more regularly than you win. The key is that you need to win more big bets and lose more small bets. interwin88
Money Management - Positive Progression Systems
14. A Positive Progression System is one in that you simply increase the amount of your bets whenever you win and decrease the amounts of your bets whenever you lose. To utilize this system 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 working together with for a specific gambling session. Like, if your session's bankroll is $100, you could make your "standard" betting unit $10.00. In this way you'd have the ability to play at least 10 betting events before running out of funds even if you lost all 10 events in a row.
16. These systems permit you to win relatively large amounts during a hot streak while helping minimize your losses during cold streaks.
17. A common example of this strategy is to incorporate one-half of the amounts you win to the next bet. Like, 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 the next 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 the next hand. Whenever you eventually lose a hand, return to your "standard" betting unit of $10.00 on the next hand and start the system all over. Needless to say in practice these increases of 50% will soon be approximate.
18. Another more difficult system is always to keep your bankroll divided into a particular number 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. Begin a system for drawing a number of the winnings from your own gambling bankroll occasionally to put it into your "do not touch" bankroll. Like, whenever you double your bankroll you could take one-half of the winnings to put into the "do not touch" bankroll. If you experience 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 that you simply increase the amount of your bets whenever you lose and decrease the amounts of your bets whenever you win. Again, to use this system properly you need to establish your "standard" betting unit.
21. The most common negative progression system is the Martingale System. Here you double the amount of your bet in the event that you lose and return to your "standard" betting unit whenever you win. Like, at blackjack in the event that you bet $10.00 and lose you'd bet $20.00 on the next hand. If you win that hand you'd then lessen your bet to the "standard" $10.00 bet for the following hand. In most gambling, the Martingale system will always fail in the long run.
22. This system can be quite 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 money occasionally from your own gambling bankroll winnings and use it into a "do not touch" bankroll.
Playing Roulette
24. American roulette is among 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% because there are fewer slots with only one "0" instead of the "0" and "00" in American roulette.
26. All bets on in American roulette give your house an edge 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 depend on the inaccurate assumption that the result of previous spins can predict future results. Unless the system is defective or fixed, each spin carries the same odds as every other spin.
28. The most popular betting system at roulette is the negative progression system referred to as Martingale (see #17). As in all other games, the Martingale found 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 higher payoff bets and hope you will get lucky.
30. Try a modified positive progression system at roulette. Divide the amount you're willing to reduce at one roulette session into 35 "standard" betting units. Pick 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 before you either win or run out of your 35 unit bankroll. If you win, bet two units on a single number and continue betting two units on that number before you either win or lose your bankroll. If you win again, disappear!
31. Roulette is a relatively slow moving game compared to other online games, so it will get you an extended time to reduce your bankroll.
32. Do not play roulette as a means to win money; the odds are too heavy in support of the house. Play roulette only as a means to own fun and pass the full time without losing a bundle quickly.
Playing Baccarat
33. Baccarat is among the easiest casino games to play and supplies a relatively low advantage to your house of just 1.06%.
34. There might be as many as 12 to 14 players at a desk, 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 much like betting heads or tails on the flip of a coin.
36. Neither banker nor player can make any decisions regarding play; the principles of the overall game stipulate what should be done with every hand and a residence "dealer" supervising the overall game will direct the play accordingly.
37. Winning bets on the gamer or the dealer both pay even money, minus a 5% commission paid either during the time of the bet or when the gamer leaves the table.
38. Winning bets on a tie usually pay 8 to 1, again minus a 5% commission.
39. In an 8-deck game, your 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 because the deck(s) is normally shuffled after each hand in baccarat.
Playing Blackjack
41. Blackjack offers among the lowest house advantages at around .60%, but expert players can actually create situations where the gamer has an advantage.
42. For the serious player there are numerous complex strategies that require time and dedication to master.
43. Never just take a seat cold at a table. Blackjack is commonly a game title of streaks, so watch a desk for a few hands to find out if it's a hot or cold table for the players.
44. A "soft" hand is a hand having an Ace that may be counted as whether 1 or an 11 in value and still keep the hand's total at 21 or less.
45. A "hard" hand is a hand having an Ace that must definitely be counted as 1 in value to be able to keep the hand's total at 21 or less.
46. A beginning or social player should adhere to the generally accepted rules of the fundamental blackjack strategy.
47. Never forget to take a card that will bust you. Always play the odds; don't let worries of a bust stop you from having a card whenever you know it's the choice with the greatest probability of success irrespective of how small that probability may be.
48. Read one of the numerous excellent books on counting cards if you are serious about blackjack and willing to spend a lot of time practicing and perfecting your play. As in most online gambling, card counting is of little value because the deck(s) is normally shuffled after each hand. In blackjack, however, with many players at a desk it may be good for that certain hand
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