The Top 10 Winning Online Gambling Decisions
This article deals with decisions you
make every time you gamble at an online casino.
Decisions that make or break your success...Know and understand them, and you'll
be well placed to gamble successfully. Ignore them at your peril.
Gambling is not just about having fun...it's got to be about winning too.
To do that, you need to do a little preparation before you start.
1st Key Decision:
Choose your casino
wisely
Be sure to shop around first. Make
sure you choose a casino that will not only give you the best deal on bonuses
and comps, but will also rate your play to maximize your comps.
Try and establish a good relationship with your the online casino and
make sure you understand their legal terms, obligations and do enough research
to make sure they are reputable.
2nd Key Decision:
Select your game and choose your strategy
Your have the highest odds of winning at
craps, roulette, blackjack and baccarat...For all of these games, with the
exception of roulette, the house percentage against you is about 1%, which is
much lower than it is on the slot machines or other casino-friendly table games.
Tips for Craps: Make
one or two come bets or just stick to pass line bets with double odds.
As an alternative to the come bets, you could place the 6 and 8.
Don't let yourself be tempted to play
the high house percentage proposition bets in the middle of the craps table
layout. If you succumb to temptation, you're
likely to quickly dissipate any winnings you might have accumulated!
Tips for Baccarat: Baccarat
is a simple game. You either bet on the banker's hand or the player's hand
and the rules are set by the house. Make sure that you keep a score card
and record any losses or wins. Look for patterns - streaky or choppy, then
you can bet on whether or not these patterns will stop or continue.
Tip for Blackjack Players:
Take the time to l earn the basic strategy for playing each hand against
any dealer's up-card...you'll find it in most blackjack books, a blackjack card or
on the internet.
3rd Key Decision:
Bankroll and Betting Unit
Apply the principles of budgeting to
your bankroll. Manage your online casino account. Decide how much
risk you want to take and size your bankroll accordingly.
Generally speaking, a 200 unit bankroll is a good betting unit. So, for example,
if you're playing with a $2000 bankroll, your basic betting unit would be
$2000 divided by 200 or $10. Obviously, more aggressive gamblers
would use 100 units or less.
The principle is: the more units
you divide your bankroll into, the lower your risk of losing; the fewer units,
the higher your risk of losing.
4th Key Decision:
Create a schedule of casino play and other gambling activities
Make an effort to schedule your casino
playing sessions around other activities...since you're playing from home,
structure your time efficiently - both your starting and your ending time.
And stick to your schedule!
5th Key Decision:
Don't lose your perspective
Keep a clear and cool head. Don't
rush into a game. Rather, take time to review your gambling objectives and strategies.
6th Key Decision:
Select your game
Don't let your game selection be made on
an ad hoc basis. Look at various promotions and bonuses and choose
the game with the best odds.
7th Key Decision:
Knowing when to increase your bet size
Make this decision with your head and
not with your heart. Don't let your emotions interfere with making an
intelligent bet. Don't let yourself bet up too bet up too heavily on a
winning streak (especially if you're playing craps) or chase losses.
You need to place your bets with a
carefully thought out plan in the heat of battle.
Following is a sensible betting strategy:
Bet up on a series of wins as follows:
Conservative Progression:
1-1-2-2-3-3-4-4-5-5-6-6
Aggressive Progression:
1-1-2-2-2-4-4-4-8-8-8.
In each case, increase your bet to the
next unit level in the series on successive wins on even money bets:
blackjack, craps pass line, baccarat, or roulette outside bets.
On a loss, revert to a one-unit bet and start over.
Study these progressions and you will come to appreciate their value in
not only accumulating profits on a winning streak, but also protecting these
profits.
How far do you go in each of these
progressions Make this decision
before you start play, not in the heat of battle.
Notice that each progression gets you a 12-unit profit after six
successive wins. Not too shabby!
These winning streaks do happen, but I suggest you pick a reasonable
level to reach, and then back off to a one-unit bet.
If you find yourself in choppy
back-and-forth game, play a mild up-as-you-lose progression, e.g.
1-2-4, reverting to a one-unit bet on any win or after losing three in a
row.
8th Key Decision:
Know when to leave the table
Have a strategy in place, setting out
the set of circumstances in which you will walk away from a game.
A stop-loss strategy: Decide how many betting units
you will lose before withdrawing from a game.
Generally, six is a good number, but no more than ten. For example, if
your betting unit is $20, leave the game if you're down $120, and look for
a better game.
You'll value every unit you don't lose,
every unit you save, because it's evidence that you've cut your losses short.
A stop-win
strategy: Use a trailing stop loss to make this
decision. Once you've accumulated
winnings of, say, half of your buy-in amount, divide your chips into three even
piles and only bet off one pile. Use the chips you win to keep the three
piles even. When you lose, only
wager the chips from one pile and once that pile is finished, leave the game
with the other two piles (representing your buy-in and your win).
9th Key Decision: Document
your results
Use a pocket notebook to record your
losses and wins, and mark down comments about your game play that may assist you
later on. It's a useful exercise, and can make for interesting
post-play analysis.
10th Key Decision:
Know when to end the session
Here are two sensible reasons to
terminate your gambling session:
1. You are tired.
Your fatigue is affecting both your judgment and your game.
2. You have reached the limit of your optimal session time (normally
around 90 minutes) and need a break to help you keep perspective.
Be honest with yourself. If you're
tired or need to rest, take a break and give your self a chance to assess the
situation.
If you take these 10 key decisions
seriously, you'll be increasing your odds. Disciplined play, in line with
a clear strategy and plan of action, will give you the best chance of
ending your online gambling session as a winner!
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