Finance, TECH

4 Simple Gambling Strategies for Beginners

Gambling, when done with care, is a good way to celebrate unpredictability and chance—things often associated with fear and sadness, more so as of late. Embracing frightening feelings and experiences helps you view them in a different light. You can use that perspective on unpredictable situations to help you cope when rough times come around.

Careful sports betting and casino play is a good time and learning experience whether you win or lose. Still, nobody gambles with losing in mind—Here are some smart gambling strategies to help you win.

1.  Set a Gambling Budget and Stick to It

The most important thing to know out of all the gambling tips out there is to set a budget for yourself, often known as a bankroll. There’s always a chance—not a small one—that you’ll lose it all, so you should prepare to. Setting aside specific gambling money is the only way you can be ready to lose all your cash.

Emptying your bankroll on a big night is a major buzzkill. Still, it’s a lot less painful than realizing what a terrible thing you’ve done the day after gambling the shirt off of your back. 

Another thing eager gamblers tend to do is turning their winnings into more gambling money. Doing that doesn’t lose any more money than you set out to spend, but you should adjust your strategy if profit is the goal. Feeding all your winnings back into the slot machine, for example, opens you up to losing those winnings.

One way to get the best of both worlds as far as that goes is by putting half or more of your winnings aside. You’ll make sure you have some leftovers to take home at the end of the day. You can put the other percentage towards extending playtime and won’t feel as bad if you lose it with reserved winnings in your pocket.

2. Use Smart Sports Gambling Strategies

Sports betting is one of the most accessible kinds of gambling around, making it one of the top choices for bettors. There’s always something going on and it’s easy to get caught up in all the energy surrounding big sports events like the World Cup and the Super Bowl.

If you’re a casual fan and aren’t familiar with the teams that are playing or their records, it’s wise to hold off on betting. Following your gut based on nothing save for what you want to happen can add injury to insult, so to speak, if your side loses and you lose money on the wager.

That’s not to say that you have to be a sports expert to bet on games. What it does mean is that you should do lots of research if you aren’t up-to-date on the teams in question.

There are some ways to gather information apart from the knowledge you can get from watching games. Sporting organizations like the NFL and NBA list stats online, and so do media outlets like ESPN and CBS Sports. You can also watch sports gambling shows on TV or online, and listen to sports radio and podcast segments.

Don’t take anyone’s tip as rock-solid advice and never assume that the information you have guarantees a win. You never know what might happen or change over the course of a match.

3. Take It Easy—You Have All the Time in the World

A gamble casinos themselves take is that you’ll get excited and spend all of your money in a short time. The more you spend and the faster you spend it, the more they profit. Bright colors, flashing lights, festive music, and the speed of visuals such as rolling dice, a roulette wheel, and slot machines all push you in that direction.

All of these hallmarks carried over from brick and mortar casinos to their online counterparts, but don’t be fooled! The biggest factor that leads to reckless spending in a physical casino is the limited time you have there. You can’t visit all the time, and some casinos limit your time on the floor if you win a lot.

That limitation isn’t an issue with online casinos: Even if an individual site limits your time or winnings, there are endless ways to win money gambling online. Doing things like rushing and placing larger and larger wagers or spinning the slots 500 times an hour is a good way to run out of money in little time.

The internet and online gambling sites aren’t going anywhere, so you can always come back. Place a few bets or play a couple of games here and there, but don’t get sucked in and fall prey to rapid gambling. Slowing down doesn’t guarantee you’ll win more, but it ups your chances by giving you more time to think and make informed decisions.

4. Don’t Play Poker Like You’re on TV

Watching poker games on TV is a blast and is a fun way to learn more about a complicated sport. Yet, like so many things, the average person’s poker game doesn’t work as it does on TV. Some programs focus on game highlights and make a big deal out of the most exciting moments, like bluffs.

Bluffing isn’t as common as TV poker and fictional games lead you to believe. Players who bluff less tend to have more success when they do bluff and may lead to bigger winnings when you aren’t.

Live a More Comfortable, Easier Life

Now that you know these handy gambling strategies, you know how to maximize your chances of winning. Like everyone, you want your life to be as comfortable and easy as possible—That’s why you’re here, reading these tips!

If this article left you itching for more insider knowledge, worry not. Click on any of our many other great articles for more must-have lifestyle information and advice.