If you gamble in online casinos, the main barrier to winning frequently is the casino's edge. Simply put, the gambling edge is the percentage of advantage the gambling game has over the player. For example, check out classic online gambling games such as slots, video poker and blackjack and you'll typically see payout percentages such as 95% and 98%; that means the gambling edge is around 5% and 2% respectively.
If average gambling payouts in casinos are around 95-98%, then theoretically the 'average gambler' can expect to lose around 2-5 pence for every 1.00 wagered. However, it's not as simple as that, because there are multiple gambling factors that are likely to affect your success……
Luck
All gambling games can be played with luck, and in theory every gamblers should be able to win frequently by taking a chance. For example, when you gamble on luck games such as slots, it's all about chance. However, because the games are geared-up to offer gambling payouts of 95% plus, probability dictates that most of the cash put into the machines will be paid out in winnings. Nevertheless, not all luck gamblers get the same returns and winning wagers – and that's often due to the random nature of luck! For example, you could take a gamble on 'Lucky Jackpot Slot', and hit zero wins from 10 plays; then you leave the game and another gambler tries their luck and wins big – that's luck for you. In essence, average gambling payouts are fair and genuine, but they don't necessarily deliver average payouts to every gambler (you could do better or worse than average).
Skill
One potential way to boost your gambling chance and lower the casino's gambling advantage is to play with skill – in games such as poker, blackjack and video poker. Playing with strategy charts enables you to gamble with logic, lowering the chances of losing. Low level strategic casino gambling is enough to limit the edge to around 0.5-1%, while pro level strategy gambling can reverse the edge in favour of the gambler – for long-term profit potential.
Big gambling wins
It should be noted that average online gambling payouts also include the huge million dollar jackpot payouts. Thus, in essence – while total gambling payouts to all gamers may be 10 million per month (as an example), that could include a 1 million mega payout to a single gambler.
Staking
Your style of gambling staking can also affect your payout success in a casino. Simply put – gambling with a casual stakes approach, where you frequently change our stake level, is likely to negatively affect your gambling success. For example, let's say in 'session 1' you gamble with 5.00 per bet, and hit an above average run of luck, leaving you well up. Then, in 'session 2', you double your stake level to 10.00, but hit a fairly poor session. If you'd maintained a level 5.00 wager level, your gambling bank would still be up over the two gambling sessions, but because you raised your stakes and lost, you'd probably end up with a negative profit level!
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Online gambling can be enjoyed with anything from leisure stakes to professional wager levels, but one thing that all gambling fans desire is the power to enjoy the action for extended periods of time, on the same bankroll. For example, if you're not winning – then the best way to prevent fast gambling losses, it to use strategies that protect your bank. Check out the key tips for making your gambling budget go further…….
Gambling expenditure
Gambling traditionally has a bad wrap because of the potential for people to blow big amounts of cash – however it can also be a very affordable and low-risk form of entertainment; both in online casinos and sport betting websites. The key is to plan for your fun and set aside a maximum budget – always think about how often you'll play and what you see as value for money? For example, if you lose when gambling and spend £10 per hour, is that good value fun? Equally, how much cash are you willing to potentially lose gambling each week or month? As long as you choose a low-risk amount of disposable income (and stick to it) – online gambling can deliver endless leisure options. What's more, with skill and luck you can of course also win – but always base your gambling on fun.
Gambling budget volume
The easiest way to ensure your gambling bankroll always goes as far as possible when you're losing, is to play with a low liability per bet. Typically, gambling liability is expressed as a percentage of your bankroll, for example 1%, 5% or 10%. Many gamblers play with a dangerously high liability, meaning their bankroll can be eroded in a relatively low number of losing bets…..
100.00 x 10.00 = 10 bets
100.00 x 5.00 = 50 bets
100.00 x 1.00 = 100 bets
100.00 x 0.50 = 200 bets
100.00 x 0.10 = 1000 bets
Smart gambling advocates will often gamble with a level stake of around 0.5-2% of their gambling bank – meaning you could theoretically lose around 50 to 200 wagers in a row before you went bust and blew your gambling bankroll! Of course, because it takes extreme bad luck or bad judgement to place 50 or more straight losing bets, playing with a low bet percentage virtually guarantees to deliver a high volume of low-risk gambling. The beauty of gambling with a low relative liability is that it doesn't necessarily mean gambling with pennies – it's all dependent on the size of your bank. In addition, if you start our gambling small but manage to substantially grow your bank, your relative percentage bet size will grow too.
Stop loss gambling limits
Setting a maximum loss limit per gambling session is critical to extend your gambling entertainment. For example, if you have a monthly budget of 100.00, and plan on playing 3 x 60 minute gambling sessions per week in a casino – then you don't want to blow your budget in one losing session! So, set yourself a max loss limit per session, meaning you'll have a good chance of playing through all the sessions and finding hot winning gambles.
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