Do you have a plan for winning when you visit a casino? If not, most probably you will not be able make your stay long in casino. So it is important for you to have a plan before you can make a winning in casino.

No one likes losing their hard earned money. Therefore, when you are in a casino, winning is all that matters. You need to put in your best effort towards winning at the table.

So, now let me share with you 5 tips that can help you to stay longer in casino and go home as a happy man:

1. Determine how much money you wish to spend. If you never set the amount of money you are going to spend in the casino, you will definitely overspend. So decide how long you plan to stay and divide your money accordingly. For example, if you plan to stay in the casino for 6 hours, you can divide your money accordingly by the hours. Then determine a maximum amount that you are willing to lose and do not bet beyond it.

2. Plan your casino trip. If you fail to plan, you plan to fail. Before visiting a casino, you should plan your trip. Call them up and enquire about available ticket promotions or entertainment options. When you are on a gambling trip, you should not stick to only one casino. Check if there is any neighboring casino around the area. If there is, call them up and ask the same questions.

Click to continue »

Playing roulette in a casino is fantastic fun for me - I just love everything about it - the atmosphere, lights, free drinks and I even win money quite often. I love to gamble but I am very conservative in my gambling - I know that casinos don’t get rich if the odds weren’t in their favour. So when I hear someone talking about the next roulette secret I am always suspicious.

The fact is when I hear or read on the internet about the latest roulette gambling method that can’t lose - I usually find it’s based on either the Martingale system or the Monte Carlo fallacy.

Monte Carlo Fallacy

The Monte Carlo Fallacy or as it’s also known - the gamblers fallacy is simply incredible in that it is survived so many years and still believed by many people. I think the problem is that on the surface it’s so plausible and this is why it ends up being the basis of so many roulette secrets. The idea behind it is that any deviation from the mean will be counterbalanced by an opposite deviation. This means in English that if I spun a roulette wheel 10 times and it came up red each time - you would be expecting black to come up next to equal out the averages. The simple fact is that after 10 red spins (if we ignore the 0s) the likelihood of red coming up is still 50/50. Sure the probability of getting 11 reds in a row is very high but by the time you’ve rolled 10 - the next one is still 50/50. Passed events do not affect future events in a random game like roulette.

The gamblers fallacy is often why people sit for hours marking little cards in casinos studying passed events like how many odds, evens and reds etc have come up. So next time you see 6 black spins on roulette and contemplate putting your title deeds on red for the next spin - remember you are still taking a 50/50 guess.

Click to continue »

Here are the ten most common types of roulette system, and why you should beware of them:

1. Progressive betting system: The most common of all. Lose on the first bet? Just double it and double again until you win. That’s all well and good but eventually you will hit the table limit, or your own wallet’s limit, and then you are bust.
2. Pure chance: Wait for five reds then bet on black! Does not work.
3. Number patterns: These systems rely on tiny discrepancies in the roulette wheel, or in the case of online casinos, in the roulette software, which cause numbers to come up in patterns. The idea is to write down the last ten spins and then use a formula to calculate the most likely number to come next. Unfortunately wheels are now so closely measured that you have a higher chance of being hit by a meteorite than of making money from this.
4. Wheel measuring devices: A number of electronic devices are on sale that apparently measure the roulette wheel and determine where it will stop. The problem with these is that first they do not work and secondly if you are ever spotted trying to use one you will be kicked out of the casino and will be very lucky if you avoid prosecution.
5. “Free” systems: All the free roulette systems on the internet rely on one factor. When you use the system you will first sign up to their recommended casino, for which the kind author gets handsomely rewarded. Avoid free systems and instead choose a system which works in any casino.
6. Martingale: This system is one of the oldest, and probably the most simple. It relies on you doubling your bet so that each win cancels out the previous losses. As per number 1 this will cause you to go bust in the end.
7. Complex rules: Some systems are so complex that they are almost impossible to model mathematically. While this makes them difficult to disprove it unfortunately doesn’t overcome the fact that they can’t beat the house edge.
8. Roulette Software: Complex roulette software can record each winning number and suggest the next one for you. In effect these software packages are simply doing what one of the above systems is doing. No more no less. Don’t expect any more success than by doing the guessing yourself.
9. Magic number: Often touted as the way to make money from the bookies machine, this system re-lies on the fact that once a certain number comes up it is always followed by another one in a strict pattern. This is clearly ludicrous and if it were ever the case would be fixed immediately.
10. Cheating(!): Finally, the best and worst of all. Yes, cheating can help you win but 1) it is practically impossible to do at roulette, and 2) you will be prosecuted for trying.

Click to continue »

Sports arbitrage traders also make another common mistake of not keeping an eye on price fluctuations.

Yes, you are in a guaranteed gambling position however you still need to ensure that you keep an eye on bookmaker prices. In sports, betting and gambling causes situations and odds to change on a dime.

It would be a mistake to take for granted the fact that the published price you see at one point will be the same price you find at the time of the event. Watch your bookmakers for price fluctuations otherwise your outcome in sports arbitrage betting could change without you even knowing it.

Click to continue »