The majority of people that gamble in casinos are losers. No surprise there. This can be witnessed by the multimillion dollar monuments to pleasure that are the nations casinos. They are constructed for one purpose and one purpose only… that is to separate the unsuspecting casino patron from their money.
Gambling generates more annual revenue than movies, spectator sports, theme parks, cruise ships and the recorded music industry combined. According to recent government statistics, casino gambling generates an estimated $40 billion dollars annually.
The part that amazes me is, it’s just as easy to win at casino gambling as it is to lose. The casino table games of craps, blackjack and baccarat (and for the most part even-money wagers on roulette) have the lowest “house percentage” found anywhere offering the player the very best opportunity to win.
But, in order to win money gambling, first and foremost, requires the intention of winning. Sounds a little simplistic doesn’t it? I constantly hear people tell me, “I went to Caesars Palace or The Sands the other day and I only lost $50, $60, $100 or $150.” Are you kidding me? It sounds like they went with the intention of losing. It’s like they had a predetermined amount in their mind that they expected to lose.
Just The Facts
With the above mentioned table games, The “house percentage” in craps “line” bets (pass line/don’t pass line) with no additional odds bets is only 1.41%. In baccarat it is 1.25% on “player” hands and 1.16% on “bank” hands. Playing blackjack, using a multi-deck “Basic Strategy,” the house advantage is non-existent. The casino has no edge over the player whatsoever.
It is my strong belief that it is just as easy for a knowledgeable player to win at casino gambling as it is for the uninformed player to lose. It has to do with intention.
3 Rules for Winning at Casino Gambling
There are three simple rules the player needs to follow to be a winner. They are:
1. Make only those bets that reduce the “house percentage” to the lowest possible amount.
2. Money management… set a strict amount that you will wager at each session of play limiting the minimum bet size to no more than 3 to 5% of that starting bankroll amount. If you happen to lose that amount, stop betting and leave the table.
3. Always leave the table when you are winning. You simple cannot go wrong walking away a winner. Always play to win and not solely for the thrill of the action. In a word, self-control.
Playing against such a low house advantage and using a money management system that provides sufficient resources, there will inevitably be a time in any session of play when you will be in the money.
You can’t be concerned with what you might have won. You will not win the chandeliers off the ceiling. Those are completely unrealistic expectations. If you always quit winners you will always have life left to fight another day and considerably more money with which to do so.
There are actual playing and betting strategies for each of these games that definitely shift the advantage to the player in any reasonably short session of play. Failure to follow this simple strategy is the reason most people lose money when gambling in casinos.
It is a far more enjoyable experience to return from a trip to the casino a winner rather than a loser and if you follow these sound principles, you really can’t help but be a winner.
By all means take advantage of their elegant rooms, fine dinning, drinks in the lounge or maybe go see a show. But play intelligently and do all these things on their dime, not yours.