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Wednesday, June 3, 2020

Strategic Gambling

Peter Niven suggests some of the best gambling strategies that punters can use to counter “the house always winning”

“The house always wins” – it’s a phrase you hear often when any discussion of gambling comes up. And there is truth in the saying – each casino game does allow a casino to make revenue. Having said that, gambling is also one of the most social and thrilling experiences around. Especially when you do hit that incredible win. So, are there strategies you can use to swing the odds in your favour?

 

Some of the best gambling strategies I think you should use are:

 

Understanding RTP and house edge

Every casino game has a return to player (RTP). This is the theoretical percentage of returns a player will receive back over time. The higher the RTP – the more you can expect to receive back. By choosing games with a higher return – you can, in theory, see more returns in the long run.

 

House edge is the casino’s statistical advantage on a gambling game. This is how much they expect to make from a gambling game. Let’s say we have a slot with a return of 95%: The casino should expect to receive 5% back in revenue over a long play session.

 

Keep in mind that RTP is a volatile statistic – and over short periods can be much higher (if you land a big win) or much, much lower.

 

Choose table games

Blackjack, roulette and baccarat have the highest returns of any casino game. In fact, some forms of blackjack have less than 1% house edge – as long as you are playing the optimal strategy. Of course, these aren’t the most showy games around. And minus some rare occasions such as when a casino punter bet $35,000 on a single roulette spin and won $3.5 million in 2017 – they don’t pay out life-changing sums of cash. But these are the best choices if you want to stay in the game and receive the best returns.

 

Be careful of slots

Online slots are truly hard to ignore as they are flashy, boast the biggest prizes and usually have the highest production values of any casino game. However, they are also a money hole. You can plough hundreds into one of the thousands of slot games and not see anything back. It’s fair to say that of all casino entertainment – slots boast the highest house edge. Of course, when these slots do eventually pay, they can be mega cash sums – especially if we’re talking jackpot. But in any case, the wise gambler steers clear of slot machines.

 

Peter Niven is a gambling enthusiast with a particular aversion to slot machines.

 

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