bunyad domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/btcethereum/public_html/onlinegamblingdaily.com/wp-includes/functions.php on line 6114<\/img> <\/p>\n
The funny thing about successful casino gamblers is just how diverse this exclusive community can be. There are senior citizens and college seniors, businesspeople and people who have never held a steady job, casual players and their compulsive counterparts. Simply put, folks from all walks of life can work their way into the gambling world\u2019s winner\u2019s circle.<\/p>\n
But even in such an eclectic group, those who manage to consistently beat the house typically follow a similar set of personal credos. These words to live by originate from sources ranging from scripture to Shakespeare and can be traced back several centuries. But they still resonate with great gamblers to this day.<\/p>\n
One of the most oft-stated quotes of all time, it\u2019s usually delivered by parents to precocious preteen kids. This piece of advice applies to every avenue of life.<\/p>\n
With that said, casino gambling enthusiasts have the most to gain from prizing patience as the ultimate virtue. After all, when you\u2019re perpetually climbing uphill against the house\u2019s inherent edge, patiently waiting to squeeze out a profit is the only way to proceed.<\/p>\n
Let\u2019s Face Facts for a Moment:<\/span><\/p>\n Casino games<\/a> always put the player at a disadvantage. The house\u2019s edge might be small in skill games like blackjack and video poker or large in craps and keno, but that edge is ever-present. Knowing this, sensible gamblers strive to apply sound strategy and disciplined bankroll management while patiently accepting those inevitable lost wagers.<\/p>\n<\/div>\n Take a game like blackjack as the perfect example of why patience should be your priority at the casino. Players who know their basic strategy charts can whittle the house\u2019s edge down to just 0.50%, while card counters can actually flip the script to eke out a slight edge of their own.<\/p>\n Nonetheless, basic probability tells us that even the best blackjack players on the planet can expect to win 42.22% of all hands they see over the long run. Conversely, 49.10% of all hands will result in a lost wager, while the remaining 8.48% produce a push against the dealer.<\/p>\n When pushes are removed from the equation, sharp blackjack players can expect to win just 46.36% of the hands they play. In light of these cold, hard facts, the best blackjack players pride themselves on staying patient, dialing back their bet sizing, and riding out the losing streaks which are sure to arrive.<\/p>\n By doing so, these players preserve enough of their bankroll to capitalize with bigger bets the moment the deck construction turns in their favor.<\/p>\n Whether you play slots, table games, real money video poker<\/a>, or the sportsbook, success in casino gambling is predicated on the remaining patient through thick and thin.<\/p>\n When you substitute the words \u201cchip\u201d or \u201ccredit\u201d for \u201cpenny\u201d in the enduring quote above, its relevance to casino gambling becomes crystal clear.<\/p>\n Remember, the first modern casinos shifted from coins and cash as their currency of choice\u2014 replacing them with tokens, chips, and scannable vouchers\u2014for a good reason. When gamblers don\u2019t equate their wagering instruments with real money, they\u2019re that much more likely to bet above their head and chase wagers with the worst odds.<\/p>\n It\u2019s easy enough to splash a pile of $100 chips on the roulette table felt, but if they were the $100 bills that bear Ben Franklin\u2019s portrait instead, putting the precious dough at risk would be a different discussion entirely.<\/p>\n As a serious gambler, your bankroll is the foundation on which your financial future is built. And as such, every bet you win or lose is like a brick added or removed from the building. Take enough bricks out, and the whole thing comes tumbling down atop your head.<\/p>\n The most successful casino players out there know full well that avoiding <\/em>a loss is just as valuable as chasing <\/em>a win. They never dabble on those longshot side bets beckoning reckless players, and they always assess a game or wager\u2019s relative value before committing their chips. And when negative variance rears its ugly head, these players have no compunction about cashing in their last few bets and saving them to fight another day.<\/p>\n Although he wrote copiously on gambling games of his era, William Shakespeare\u2019s famous quote above is attributed to his cowardly character Falstaff.<\/p>\n Even so, casino gamblers who consistently wind up in the black know, like Falstaff did, that caution is often the wisest course of action. Rather than hope against hope by betting on the biggest long shots and luck-based bets, smart players simply stick to the wagers with the best possible odds.<\/p>\n As the world\u2019s largest wide area progressive slot network, the Megabucks game by IGT<\/a> seeds its massive jackpot at $10 million. And for the low, low price of only $3 a spin, you too can take your shot pocketing that enormous eight-figure prize.<\/p>\n<\/div>\n Thus, millions of tourists and locals alike line up each and every year to try their hand at Megabuck\u2019s classic single pay line jackpot. But here\u2019s the rub\u2026<\/p>\n Landing the elusive \u201cMegabucks\u201d jackpot symbol on just one of the machine\u2019s three reels requires beating odds of 1 in 368. You\u2019ll need to hit it on all three reels to win the big bucks though, and the equation (1\/368)3 comes to overall jackpot odds of 1 in 49,836,032.<\/p>\n Your odds of being struck by lightning in your lifetime are roughly 1 in 500,000, so winning the Megabucks top prize is somehow 100 times worse<\/em> than that.<\/p>\n It may be tempting to take a shot at ultimate long shots like Megabucks, but the best gamblers know having the discretion to abstain will keep their bankroll alive \u2013 just like Falstaff did in the Bard\u2019s timeless tale.<\/p>\n Best known for testing two prospective mothers by directing them to cut a contested baby in two, King Solomon was widely known as the \u201cWisest King of Israel\u201d during biblical times. And one of his words of wisdom has survived three millennia to give gamblers a lesson in bankroll management.<\/p>\n Solomon\u2019s advice holds that having a bird in hand is worth hunting for two hiding in the bush. Put in casino parlance, preserving your winnings and locking up a profit is better than putting it back on the table in hopes of doubling up.<\/p>\n For Example:<\/span><\/p>\n Let\u2019s say you like to try your luck on the roulette wheel<\/a> by betting on single numbers and their juicy 35 to 1 payout. These bets incur a steep 5.26% house edge, and with a scant win probability of only 2.70%, you\u2019ll lose a single number wager 9.7 out of every 10 spins.<\/p>\n<\/div>\n Of course, with a huge 35 to 1 payout on the line, it only takes a single fortunate bounce of the ball to turn a few bucks into a bundle.<\/p>\n Imagine you just turned a modest $10 bet on the Black 17 (my go to roulette number by the way) into a tidy $350 payout. You now have a bird in hand as Solomon would say, and a big bird at that.<\/p>\n Now, you have two choices\u2026 You can keep playing against those poor odds and almost microscopic win probability, hoping to get lucky again and bag another bird. Or you can follow Solomon\u2019s sage advice and walk away from the table without any further risk to the bird you\u2019ve already caged.<\/p>\n The wisest gamblers know to take their caged birds directly to the cashier\u2019s cage and cash them in straightaway. When they don\u2019t, grasping for that second bird can easily cause the first to slip away \u2013 leaving you with nothing at all.<\/p>\n I\u2019ve used the word \u201cluck\u201d here and there on this page, but when I do so, I\u2019m referring to the colloquial phrase all gamblers use to describe short-term variance.<\/p>\n Players aren\u2019t any luckier than one another, and machines can\u2019t go from lucky to unlucky overnight. And as the ancient Roman philosopher Seneca once observed, what most of us deem to be \u201cgood luck\u201d is nothing more than a combination of more tangible factors like skill and opportunity.<\/p>\n Put another way: We all make our own luck. Unless you remain willing to improve your strategic knowledge, expand your skill set, and study the underlying statistical data, you\u2019ll forever be at the mercy of the short-term variance known as luck.<\/p>\n As you can see, relying on a motto to live by is hardly a modern invention. A thousand years before the advent of the modern calendar, wise men and women have sought to provide their people with words which might serve as guideposts along their personal journey.<\/p>\n Today, gamblers who ply their trade online or on the casino floor can still learn much from the maxims listed above. By heeding the advice found here, I hope your gambling results steadily improve, while the enjoyment you derive out of playing increases in kind.<\/p>\n <\/img> <\/p>\n Michael Stevens <\/p>\n Michael Stevens has been researching and writing topics involving the gambling industry for well over a decade now and is considered an expert on all things casino and sports betting. Michael has been writing for GamblingSites.org since early 2016. …<\/p>\n View all posts by Michael Stevens<\/a> <\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/div>\n\n 2 \u2013 \u201cA Penny Saved Is a Penny Earned\u201d<\/h2>\n
3 \u2013 \u201cThe Better Part of Valour Is Discretion\u201d<\/h2>\n
The Iconic Slot Machine Game Megabucks Puts This Rule of Thumb Into Perspective<\/h3>\n
4 \u2013 \u201cA Bird in the Hand Is Worth Two in the Bush\u201d<\/h2>\n
5 \u2013 \u201cLuck Is When Skill and Opportunity Come Together\u201d<\/h2>\n
Conclusion<\/h2>\n