The Real Secret to Profitable Gambling

There is one thing and one thing only that will keep any player from constantly losing hope of making a profit. It is not luck; it is not a magic trick and it is not a mystical ritual.

Gambling has been around in various forms for hundreds of years and is a huge source of income for a multitude of casinos, government agencies, bars, clubs, and other organizations. The reason these organizations make such lucrative income is not so much the large number of people who gamble, but the high percentage of these people who fail to learn the secret they need to know to have any chance of making a profit. .

The usual approach to gambling goes something like this: you go to the race track and hear a stranger tell a friend that a particular horse is ready to win, so you put ten dollars on it. Result: the horse loses. Or you go to the casino and put fifty dollars into a slot machine UFABET because you think it is your “lucky” machine. Result: you walk away with fifty dollars less if you are lucky. In most cases, you will have spent even more because you have the added cost of drinks, and you may have been so caught up in your attempts to win that you actually put more than sixty or seventy dollars into the slot machine.

So what is the secret you need to change your gaming situation? The secret is this, “Education”. While there are always people who don’t try to educate themselves to a point where they can make informed decisions, casinos and bookmakers will always make very lucrative profits from the fools who walk through their doors day and night.

As an example, let’s say we play heads or tails with a coin and I offer to pay you $ 1.80 per dollar bet each time you choose the correct outcome. A typical player might think that’s good enough and try to pick more winning picks than he loses in the mistaken belief that they can make a profit. An educated player, on the other hand, would see the truth, which is that the odds of picking any outcome here are 50/50; so more than a hundred spins on average you would win fifty times. The reality is that with a 50/50 game, if you spend a hundred dollars and win fifty of those at $ 1.80, your total return is $ 90 or a loss of 10%.

The above situation is not uncommon in many casino games. Slots, for example, have a house edge of up to twenty percent (meaning the casino always makes up to twenty percent of winnings on all money that is put into the slot machine) and yet , players continue to throw their money at slots despite the fact that the more they play, the more they will lose.

To improve your overall chances of getting ahead when you play, start with some of these tips:

Play games where you have an edge or the house edge is very low, and
Games in which you have some options on the outcome (for example, in slots, you have no influence since the machine is programmed).
Learn to spot the games where the house has a big advantage and stay away from them.
Never bet based on a tip, a lucky number, a favorite color, etc.