Casino Gambling Information
CASINO 10 COMMANDMENTS
1. Be realistic, if you lose, expect it.
2. Don't rely on hunches. Always make the mathematically best
On the players side is the unlimited use of clairvoyance and other psychic powers.
The casinos have the mathematical odds on their side. Which one always wins
in the long run?
3. Expect your money will go up and down like a roller coaster
in the short run.
Even professional gamblers with an edge can have bad losing streaks as they
ride the ups and downs of short-run bankroll fluctuations. Likewise terrible
gamblers can do extremely well in the short run. In any form of gambling almost
anything can happen on a short-term basis.
4. In general the harder a game is to understand the smaller
the house edge is if you play it correctly.
Your best bets are the more complicated games of blackjack, craps and video
poker, assuming you play them wisely. Your worst bets are the simple games of
pure chance like keno, roulette, and the big six wheel.
5. Practice good money management.
Set limits for the maximum loss per session and for the entire trip. Don't bet
more than what you would normally spend for entertainment. Do other things besides
gamble. Don't play when you're drunk or tired.
6. Don't hedge your bets
Avoid the urge to insure against events that will cause you to lose or push
rather than win. For example never take insurance in blackjack or bet on any
craps or any seven in craps. The house edge on hedge bets is always very high.
If you are afraid of losing then don't gamble.
7. There is no system that can beat a game of pure chance.
There are plenty of charlatans promising systems that can beat games of luck
like roulette, craps and the lottery. Most systems trade a lot of small wins
for a few huge losses. In the long run it is impossible to beat the house at
games entirely of chance.
8. It pays to shop around for the best possible playing conditions.
In many games, especially blackjack and video poker the rules can vary from
one casino to another and one state to another. Know what rules are favorable
to the player and seek them out.
9. Avoid side bets and rule changes.
Among the worst bets in the casino are the $1 side bets in Let it Ride and Caribbean
Stud Poker, carrying a house edge usually well over 20%. Side bets in blackjack
and pai- gow poker are not as bad but are also to be avoided. Also avoid variations
in rules such as crapless craps and commission-free baccarat. Even with perfect
play the odds are worse than the normal rules.
10. Have fun
Don't forget that gambling is supposed to be a recreational activity. Like many
things, what is enjoyable in moderation can be disastrous in excess. If you
lose the ability to walk away from the table or machine at will then you shouldn't
play at all.