While gamblers know that a luck-based game doesn’t abide by any rules they understand, they also tend to be quite superstitious. They believe that if you sit behind a certain desk, on a certain chair, while wearing that exact pair of socks, your odds of winning are somehow greater. Most of the time, this is utter nonsense; however, it does show one’s innate desire to create any edge. For those who are ready for the next step, there are some gambling tips that actually work.
1. Stick to a strategy
This is important because the lack of consistency might be bad for your mental state. Have you ever played at a roulette table? You bet four times on 25 for the ball to stop on 25 the second you change your bet. While there’s no guarantee that such a thing will happen, it’s quite possible.
Once you adopt a strategy, you’ll no longer risk finding yourself in this situation. The thing is that the idea that some numbers win more often than others is just preposterous. If that were the case, it would be due to something with the mechanism or the game machine/table layout. In other words, it wouldn’t be so for every machine/game out there. The majority of modern gambling strategies are quite simple and easy to learn.
2. Playing for fun
Playing for fun is the only way to play. Gambling is luck-based and inconsistent. So, if you expect to pay your college tuition, rent, or utilities this way, it will not happen. Gambling is not a source of income; it’s a form of entertainment. The reason you’re not making money has nothing to do with luck; it was never designed to help you make money.
This is also a great way of determining if you should be gambling. Are you having fun? If the answer is no, then you should quit. Any monetary gain you make this way is uncertain, and for many people, it won’t make up for all the money they’ve spent there.
3. Don’t think about cheating
There are a lot of good ways to increase your odds of succeeding. For instance, when playing slot machines, the longer you play, the higher your odds of making a profit are. So, a good strategy would be to break down your bets to a minimal amount and try to prolong the game for as much as possible.
Some people think about finding a way to trick the machine. They look up how to cheat a slot machine with a magnet on the casino review sites such as AskGamblers and try to find out. The truth is that you can’t, not really. Sure, early on, you could use a magnet to try and cheat the mechanism, but the manufacturers have figured this out and installed safety measures. The same goes for cheat codes, cell phones, and various software devices.
If anything, this is a great way to get thrown out of a casino, even blacklisted. This is something that you need to avoid at all costs.
4. Abide by investing principles
If you know anything about investing, you’ll see many principles you can apply to gambling. How? Well, first of all, you shouldn’t invest more than you can afford to. Second, the risk is proportional to the reward. The payoff of betting on the exact number at a roulette table is huge, but the chance of guessing it is quite low. Picking odd/even numbers or colors will lead to a much smaller gain, but the chance of guessing right will also be higher.
Another thing you should do is set stop orders. Try to automate your decision-making. For instance, it might be time to withdraw whenever you win 6% or 7% of your total net value. You might want to back off whenever you lose 2-3% of your total net value (of your gambling budget). This principle is not as easy to stick by, but it’s quite viable from a financial perspective.
5. Don’t chase lost money
There’s a common theory amongst gamblers that the universe has to be in equilibrium to function. The so-called positivity bias fuels this. The thing is that just because you’ve lost money doesn’t mean you’ll get it back. You can, but you probably won’t. Either way, it’s not like there’s some mystical force that will tip the scales either way. Although they won’t admit it, this is what most gamblers believe deep down.
Chasing lost money is like trying to catch a porcelain plate that has just slipped from your hand. Chances are that, by trying to catch it, you’ll end up breaking far more than if you were just to let it fall. To make the long story short, treat lost money like it is – lost. Otherwise, you risk becoming a problem gambler.
6. Don’t play when you’re feeling down
Playing when you’re stressed or depressed is, generally, a horrible idea. You see, when you’re under mental strain, you won’t be able to make good decisions. Your judgment will be clouded; no matter how luck-based games are, your decision-making is crucial in making a difference. You can choose to quit, keep playing, or change your strategy. Each of these decisions can change the course of the evening.
Also, playing when you’re feeling ecstatic can have the opposite effect. In these moments, you feel invincible, making you more prone to risk-taking. Just because you feel invincible, it doesn’t mean that you are. The result might end up being far less pleasant than you would expect. Try to keep your head cool regardless if you’re winning or losing. Otherwise, you might have a problem.
Whether or not gambling tricks work mostly depends on what you expect. You’re out of luck if you want a trick to win every time. However, sticking to the above-listed six principles is bound to work if you want more consistency, reliability, and fun. Most importantly, some games are more skill-based. In a game like poker, you have a skill ceiling; by learning and practicing, you can increase your odds. With purely luck-based games, all you need to do is enter cool-headed and manage your expectations.