|Sunday, May 18th, 2014
This FAQ feels like a slight follow up from last week where I talked about making money. I said that gambling should be avoided in the early days of your account when lost money isn’t so easy to replace. Gambling is a big part of the game for a lot of players though. I like to gamble now and then, but there are a few tips and tricks to gambling and improving your odds of walking away with a profit. I’m sure that the casino owners will hate me for this article – but then again, if everyone follows my advice and it turns out to be wrong then maybe they will love me… who knows? This article will be broken down into three key points that will hopefully give some simple advice on how to win when gambling.
#1: Know when to walk away.
Now, this might sound obvious because you should always “walk away when you’re winning” but at what point is that? How do you know if you’re stopping at the right time? You could think about stopping and decide to carry on and end up winning even more. My advice here is to set yourself a target to be happy with before you even start gambling. Give yourself a set amount to gamble with and an amount to be happy to reach. For example, if you start with $200,000 and you would just be happy to double that then stop when you reach $400,000. Don’t reach $400,000 and keep betting.
Gambling with sense is much better than going for broke and hitting one of those massive wins that people occasionally post on the forums. Sure it is a lot more glamorous to post your $40 million win, but the odds of winning like that are very slim – it takes a lot of bets or a lot of luck to pull those off. Steady gambling is the key to making a profit and that is what players should realistically aim for.
#2: Don’t chase losses.
The biggest mistake that a gambler can make is to panic when they lose a bet. Patience is the key to making a profit. When you bet a silly amount and you lose, it can give you an instant feeling of “oh, shit… I have to win that back!” so you try another big bet to double up on your losses, but if that doesn’t work then you’re even further into the hole. Stick to proportional bets that work to a strategy.
#3: Strategy, strategy, strategy.
Strategy is vital to making a profit when gambling. I’m going to ignore Blackjack, Keno and Slots in this FAQ because I dislike all of them. I’m going to justify my reasons as follows:
- Blackjack – 50/50 chance of winning or losing. It is by far the worst casino (except for War).
- Keno – It is too random for my liking. The odds are good if you can hit those high numbers, but you can often feel like you’re simply clicking your money away without hitting anything significant.
- Slots – The same reason as Keno for the most part – except much more exaggerated. The odds are really good, but you need may need to spend a lot in order to win a lot.
This leaves Roulette and the Race Track. These two are, in my opinion, the best casinos to gamble on. They offer a range of options and allow you to be more strategic in your betting approach. When it comes to my Race Track strategy it is important to say that this isn’t “my” strategy, I didn’t invent it, but it is the strategy that someone explained and I put a bit of thought into it.
My strategy for Race Tracks is simple, you bet on a colour and keep on betting until it wins or you hit your maximum without hitting. If you hit your maximum without hitting then it is very unlucky. I’ll work through an example of betting on blue:
- Step 1: bet $1 four times*
- Step 2: bet $1,000 – if it doesn’t hit then bet $1,000 again
- Step 3: bet $2,500 – again, if it doesn’t hit then bet again
- Step 4: Bet $5,000 – etc.
*Note: if blue hits in the first four $1 bets then refresh the page and pick another colour.
The odds of blue hitting are 4/1. Four $1 bets, then two bets of each amount going from $500 or $1,000 up to $100,000 or $500,000 will greatly increase your odds of winning. My bet amounts are as follows:
$500, $1,000, $2,500, $5,000, $10,000, $25,000, $50,000, $100,000, $250,000, and $500,000.
Here is a table image to illustrate my point for betting:
Yellow isn’t worth betting on in my opinion. There isn’t much scope to play with and the return isn’t great all the way through the betting process. Black and purple are highlighted because they have two options. You could place 3 or 4 rounds of bets on black depending on how risky you want to be. The same applies for purple except the betting options are 4 or 5 bets. It can be worth using the lower number on small bets and the higher number on the big bets.
For each colour you should try the $1 bet for the pay-out/odds amount, so blue is four, red is seven, etc. It means that for pink, including the $1 bets, you have 49 bets at odds of 9/1. For green you have 61 bets at odds of 11/1. I cannot guarantee that you will always win using this method – the big bets require a lot of cash (five bets of $500,000 on green, plus all of the other amounts) so this strategy may not work for everyone.
The best outcome is to hit the colour on the first bet after an increase. For example, if you make it to $100,000 betting on blue, the first bet will give a profit of $212,000 from a $400,000 win. The second bet only returns $112,000 from a $400,000 win. The point is that it is still a profit.
My strategy for Roulette is much more cautious. No one has ever given me this strategy – I started using it for myself. I’ve only ever told a few people about it and they have not really liked it because of how cautious it is. It isn’t a very glamorous approach to Roulette. Lots of players love to hit those numbers for the 36x pay-out. Personally, I don’t like the risk of aiming for numbers. If I gamble then I want to walk away with more money than I started with. That is my only goal.
In Roulette I favour a strategy of betting on two out of three columns or two out of three rows. This strategy is slightly risky because if you win then then your profit is 50% of your initial bet (total) but if you lose then you need to win two bets to win back the amount you had lost. However, what you want to look for are patterns. My first step of a Roulette gambling session is to place ten $1 bets on red or black (or anything really – it’s not important). The next step is to analyse these bets. Here is an example:
The obvious pattern there is lots of black numbers hitting – however, betting on colours is unpredictable. That isn’t to say that you shouldn’t do it but I won’t be covering it specifically in this FAQ. Looking at columns, the first eight bets were all from the same column. Freaky? Nope. It is a pattern. All of the numbers are also in the first two rows. The third row hasn’t been touched in ten bets. That says two things to me: firstly, a run like those ten bets without hitting the third row should mean that I bet on the first two rows after a number or repeats, and secondly, the third row will probably be hit soon. A good bet would be to cover one of either row one or two and then row three.
The best way to go is to use $1 bets if you aren’t sure what to bet on. If you think you should bet on column one and two but you don’t feel completely sure about it then try a $1 bet. If it wins then you were right and if it loses then you haven’t lost much. Roulette can be slightly unpredictable, the trick is to lose your $1 bets and win when you put money down. When I wrote my previous FAQ I thought about including a section on gambling to make money, but I felt that it was worthy of its own article, I decided to try out my theory for Roulette. I started with $1 million chips (a bit much for a test, but oh well) I played some testing bets and switched between $50,000 and $100,000 split bets, mixed in with some $1 bets. After 15 minutes I cashed out with $1.7 million chips. That might not necessarily seem like a huge increase and you aren’t going to be the richest man or woman on Bootleggers with an extra $700,000 chips. My point is, and the point of my strategies are, that you can make a steady profit if you gamble the right way and don’t go all out in two or three bets.
When I played for 15 minutes and win $700,000 from $1 million, I could’ve put $1 million onto black and doubled up within 5 seconds – or I could’ve lost it all in 5 seconds. If you want to gamble and win then the best way to do this is to use a strategy. Casinos make profit from players that don’t know what they’re doing and simply take a chance on being lucky with a few huge bets.
A side note (possibly for the future – and to verify that I did notice it) on those ten Roulette bets is that two numbers came out twice, one of them right after the other. If you play Roulette on a regular basis then you might also notice that numbers often repeat. Predicting which number can be tricky, but there is definitely a strategy there – I’m just not going to write about it today. It may be a part two of this FAQ for the future if I can do some research on it.
In conclusion, this FAQ might seem like the gamblers guide to being boring, but the aim is to illustrate how to make a profit and win when you gamble. Slow and steady wins the race – and it applies exactly the same way to gambling. Put some thought into it, pick a strategy and try to make it work. Test things out before you plough your money straight into it. Obviously my strategy require a certain amount for the max bet when it comes to Race Tracks, but you can tailor the system to fit into any max bet. Think of an overall profit rather than one big pay-out. If a player has $200,000 to gamble with and opts to try to hit a number on Roulette with $10,000 bets, then they have 20 bets to win $360,000 and the overall profit will depend on how many of those $10,000 bets it takes to hit. However, if they play it slow and go for small profit over a higher number of bets then they might actually walk away with more money.
Finally, I’d like to apologise if any casino holders lose money because of this article and on the other side of that I’d like to apologise to any players that lose money because of this article. It seems like I’m in a no-win situation if anyone actually follows this FAQ – but oh well. I enjoyed writing it at least…
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