Minimum Knowledge for Betting at a Casino

casino betting knowledgeBefore you decide to wager money on any game, you first need to know some basic rules. These tips are essential knowledge to have a good expectation of what you will face when you are trying to win money.

The Least You Need To Know About Slots

Slot machines date back to the late 1800’s. They didn’t become popular until the 1940’s. In the 1990’s, with the gambling development boom including river boats and Indian reservations, they became a huge hit. Now, slot machines have evolved into sleek machines that are controlled by a computer chip.

On the old machines with just three reels, your chances of hitting a jackpot were 1 in 8,000. Now, with the new technology, your chances of hitting a jackpot are almost unthinkable.

Most of the slots you will play are scheduled to pay back somewhere between 75-99% of the money you play. Because of the randomness put forth into these machines, you will find that your short-term results will vary quite a bit.

You should also know that if the machine you are playing on has more than one payline, you will most likely have to put in an extra coin or bill for each extra payline to be eligible to win on the other lines.

If you want to play a slot machine with several paylines, a flat top, or a progressive with a big difference in payouts for the number of coins played, again, don’t forget to put in the extra cash folks.

The Least You Need To Know About Roulette

Every time you have the choice, stick with the European wheel. It only has one 00.

Never place a 5 number bet, it has the worst odds on the table folks.

If you see someone betting big and winning big, get in on the action and do as they do. They just might know something that you don’t.

For the best in excitement, place your entire bet straight-up on the number, as a substitute for putting them all over the table.

The bet thing as far as betting goes in roulette is that the house is an even-money outside bet whenever surrender is allowed.

Don’t press your luck at roulette. When you have reach your limit of excitement it is time to move on.

If you really have a love for this casino game. If it is your absolute favorite game ever. Save you money and head to Monte Carlo to play. Remember the European wheel?

The Least You Need To Know About Baccarat

American baccarat consists of two different forms of the game. Full-scale, and more formal is baccarat. Then there is Mini-baccarat, known as the less formal version of the game. These games are played by the same basic rules, but mini-baccarat is recommended if you are not willing to bet huge amounts of money.

As a baccarat player, you only have one decision to make – what and how much you want to bet. Both you and the banker have hands that will be played out by the rules of the game.

In Baccarat, the house has only a small advantage. 1.36% on player bets and 1.17% on banker bets.

The Least You Need To Know About Blackjack

When playing blackjack you want to beat the dealer without going over 21. You can and will learn what the house rules are in blackjack games by reading the rules right on the table or even asking the dealer.

Dealers must play according to the house rules, not you. This is where you have the advantage in blackjack.

If you are dealt a natural, turn your cards so all can see and be happy!

Getting insurance (or even money) allows you to insure your natural against your dealer getting a possible natural. Please do not get sucked into this. It is not recommended that any player purchase insurance.

When splitting a pair, you are making your hand two new separate hands, each hand has a bet equal to your original bet you placed at the beginning of the hand.

If you double down, you are actually doubling your bet and your hand gets one additional card.

The Least You Need To Know About Blackjack Strategy

When playing blackjack, basic strategy will match you to the casino, mostly when you are playing a single deck game. Keep in mind that if multiple decks are in play, the house will still have a slight advantage though.

For the most part, the common player who isn’t using a strategy gives the house a 2-3% advantage.

If you are a savvy player, you will definitely take advantage of all kinds of favorable conditions and stay away from the unfavorable ones.

You should always keep in mind that even when you are playing under the best conditions, you can still lose.

This game is fun to play and you should treat it as just that. Players may win big or lose big.

The Least You Need To Know About Craps

Craps is definitely one of the fastest and most exciting of all casino games. Even though dice are thrown by one person at a time, betting on the outcome is very exciting and it is a group effort. You will often see a hot roller leading the pack before each throw of the dice. You can hear it from a distance when someone is having a streak of luck throwing the dice. Check it out.

You will see that the same shooter throws the dice until they roll a seven.

The best thing for right bettors is to bet on come and pass bets, with full odds on both of these bets.

The best thing for a wrong bettor is to place bets on don’t pass and don’t come bets, with full odds on both of these bets.

You should also know that center bets are only good for the house.

The Theory and Logic of Successful Gambling

How Much You Win Isn’t Important, It’s How Little You Lose
Let’s go to the first part of the Theory of the Little Three and see how it ties in with our gambling days. Theory, in my opinion, is a person’s take on how to accomplish something. Each theory might reach the same conclusion, or it may be completely different than another person’s theory.

People run for public office with an opinion on how to run the country or state or town. They spew their theories all over TV, the newspapers, seminars, etc., and people listen and decide which theory is best for them.

A typical politician may offer his opinion on how to run a state, cut taxes, work four days a week, no charge for garbage, etc., etc. He gets elected, and his theories change as soon as he gets into office.

Taxes are raised, you work six days a week for less, and you deliver your own garbage to the dump and pay to deposit it.
Theories or opinions are passed on to others, who then decide whether to believe them or not. I have a theory on how to gamble, how to play and how to bet. This differs completely from the other so-called experts who pan me constantly in magazines, lectures, and on the Web-site newsgroups.

But these theories work for me, and so I throw them out to you. When it comes to money management and discipline, my ideas are very, very conservative. You may not like them. That’s OK, go write your own book.

I’m not trying to drive these messages down your throat; I’m only asking you to give them a shot. How can they hurt you? They are all geared to cutting losses and quitting with small but consistent profits. You don’t have to like medicine to realize it might help you.

Here is my favorite phrase, and it will be mentioned over and over again. Memorize it, so you can skip over it next time around:

“It doesn’t matter how much you win that’s important. It matters how little you lose!”

That’s one of my theories!

Everything To Do With Gambling Has A Logical Explanation

This is an easy explanation. If you got kids, you’ll understand better. Did you ever sit down and try to explain something logically to your son or daughter?

No, Johnny, you can’t have the car tonight. You’re only twelve and you need a license.
Mary, I don’t think it’s a good idea to eat a quart of ice cream at each meal. You’re already a little chunky at 323 lbs.
No, dear, it doesn’t seem like a good idea to be going the wrong way on this one-way street. That truck coming at us seems pretty big.
Cathy, I think you’re making a mistake having dates with four different boys for your Junior Prom.
Dear, I think you’re making a mistake painting your car with water paint, and I think orange is a tad loud.
The answers all seem to stress logic in what appear to be actions by people who think it’s natural to do the things they are doing.

In gambling, I try to give you a logical look at things. A guy will come to me and say he’s a financial genius because he found a bank that will give him 7 percent on his $1,000 for one year, “Boy, I can really build my nest-egg with that $70.”

Then he’ll go to the casino with $1,000 and without knowing diddely-dang about craps, he will try to double his money in one day. Everything to do with gambling has a logical explanation.