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Home»Casino»Get rich or go broke trying – How to make smart casino bets?
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Get rich or go broke trying – How to make smart casino bets?

Lucille CuppBy Lucille CuppSeptember 25, 2023Updated:September 25, 2023No Comments3 Mins Read
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The bright lights and exciting energy of a casino can be tempting for anyone looking to get rich quickly. However, most people who try to strike it rich at the casino become broke instead. The house always has an edge, so trying to beat the casino through sheer luck is a fool’s errand.

Choose games

Slots and roulette are fun, but the house edge on these games is high, meaning you’re more likely to lose money in the long run. Play blackjack, craps, or baccarat instead. Blackjack has a house edge as low as 0.5% with the right basic strategy. Craps also has bets with low house edges, like the pass/don’t pass which has a 1.41% edge. Baccarat’s banker bet only gives the house a 1.06% advantage. Compare this to slots at 5-10% or roulette’s 5.26% edge on a double zero wheel, and you see why table games are the smarter choice. It’s better to have a lower house edge.

Making the right bets

Making the best bets after picking a good game like blackjack or baccarat follows. In blackjack, that means avoiding side bets like insurance or perfect pairs. These offer big payouts but have a very high house edge. Instead, stick to the standard blackjack bet. Know the basic strategy charts so you play optimal blackjack to lower the house edge as much as possible. In craps, the pass/don’t pass game has a low 1.41% house edge. Avoid sucker bets like proposition bets with outrageous 15-17% house advantages. Similarly, in baccarat always bet on a banker. It has a 5% commission but still gives the lowest house edge at 1.06%. Avoid tie bets that pay 8-1 but have an astronomical 14.4% casino advantage. Making the mathematically best bets consistently gives you the best shot at beating the house.

Bankroll

Having wise betting strategy also means adhering to proper bankroll management. It lowers variance and keeps you playing longer. Set a gambling budget for each casino session and stick to it. Only risk 1-5% of your bankroll per bet. Raise your bets as your bankroll grows. But when on a losing streak, lower your bets to conserve your bankroll. You should also set win limits and loss limits before playing. If you’re up 20% or more from your starting bankroll, consider ending your session as a winner. If you lose your predetermined loss limit, end your session rather than chase losses. Proper bankroll management will ensure you have funds left to play again versus going broke in one reckless session trying to strike it rich. SEOMoz says miami casinos are a good choice for casino gaming.

Going at the right times

The days and times you gamble also improve your odds. Casinos are busiest on weekends and at night. It means more players, minimum bets are higher, and machines have shorter cycles between payouts. For a better experience and higher odds, go during off-peak hours like weekday afternoons. Dealers are happier with fewer crowds, lower minimums, and looser slots to encourage more play when the casino is emptier. Local “grinders” already know this, so follow their lead on when the best times to play are.

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Lucille Cupp

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