How to be a gambling expert

Gambling has become very accessible these days – thanks to apps such as Pokerstars or Betfair. But before you start betting, it pays to get good at guessing sports scores, picking stocks, or reading poker hands. How does someone go from being average at gambling to becoming a super-gambler?

Read the odds

The first thing you need to do is understand exactly how much money you’re risking on each bet. It’s called ‘betting spread’ and this tells you how much your stake will increase or decrease if you win big. You can calculate this by multiplying the amount of money you have in play by the odds for that particular game. So if our $100 bet returns a profit of $80, then we’ll be left with $20 after the bet – so our winning percentage is 80%. If we lose everything (we are out of money), we’ll only have lost 20% of our initial stake. The higher the percentage, the more likely you are to win something back.

Be prepared

You should make sure you know all the rules of the game you’re betting on, and also whether there are any special conditions attached to any certain bets. For example, some online casinos offer bonuses for players who deposit using Bitcoin, while others may limit how many times they can wager per day. A bonus might sound appealing, but if you don’t understand what you’re doing, you could end up losing your entire stake in one day.

Avoid overspending

It’s tempting to spend every last cent once you’ve won a bit of cash, but try to resist. Remember to keep an eye on your budget, because spending too much money when you’ve just won can lead to bigger losses down the line.

Stick to your plan

Once you’ve started spending, it can be hard to stop. Don’t let yourself get carried away. Your best strategy is to set a fixed amount that you want to spend each week and stick to it. Once you reach this figure in your account, you can treat yourself to a nice dinner or buy a new gadget, whatever tickles your fancy!

Practice makes perfect

If you want to improve your chances of getting lucky, practice makes perfect. When playing blackjack or roulette, don’t simply place your bet and hope for the best. Instead, take time to study the various outcomes and strategies before placing your bet. When you’re confident that you know what the most profitable moves are, you’ll find yourself less tempted to gamble.

Gamble responsibly

 Stay within your limits. As previously mentioned, even the smallest mistake can cost you, dear, so never risk more than you can afford to lose. And remember: moderation is key! When you enjoy a few drinks, take small amounts of money off your total pool. Don’t gamble more than you normally would.

Make sure you have fun

Finally, always remember that gambling isn’t supposed to be enjoyable. This is why you shouldn’t expect to win money forever, especially if you’ve been consistently unlucky. Have fun while you still can!

Get help from friends & family

When all else fails, turn to your friends and family. They’ll probably tell you that you’re crazy, but hopefully, they’ll support you 100% without making you feel bad about it.

Start again tomorrow

No matter how good of a gambler you think you are, there will come a point where you realize that it’s not worth trying anymore. At that moment, it’s better to walk away than to throw away all your savings. Before you decide to quit, however, consider seeing a therapist or counselor. They can help you look at things rationally and give you insight into your situation.

Enjoy life

Don’t waste your time worrying about your finances. Life is short, and you deserve to live it to the fullest. Go out with your friends and get drunk as often as possible!

Play safe

Remember that you could lose your whole bankroll overnight. To avoid this from happening, ensure that you only play with your own money and always check the terms & conditions of the casino before depositing. You can do this by clicking on ‘help’ or ‘terms & conditions on the page.

Be wise – don’t follow the herd

Playing slot games is a great way to meet other people like yourself, but remember that these games aren’t designed to be fair. They’re rigged to put you onto the wrong lines, which means you’re guaranteed to lose money.

In conclusion 

Whether you choose to gamble online or offline, make sure you enjoy yourself, try to learn something new every day, and don’t forget to be wise when making decisions. The biggest lesson we should all learn from our experiences with gambling is to keep an open mind