Learning how to win money in a Las Vegas casino isn't the hardest thing in the world to do. People win money in Vegas casinos every day, in fact.
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The only working (legal) way to make money by playing slot machines online. Some slot machines -especially online video slots with progressive jackpots- accumulate such an extremely high progressive jackpot, that the house advantage disappears. The EASIEST way to make money from sports betting!!!!! Life As a VIP High Roller At the Casino. 10 Legit Ways To Make Money And Passive Income Online - How To Make Money Online - Duration. One of the easiest ways to make MORE money online with correct sports betting picks is through line shopping. Line shopping is a strategy that is not possible with brick and mortar casinos due to logistics and has really only become popular thanks to online sportsbooks. How to Make Money in Casino Gambling. For most people, gambling is about betting your money and losing it. We lose money in casino gambling in any number of ways: because we play games that are designed to beat the player; because we play with incorrect strategy; or because we don't manage our money properly.
But the odds are against you.
That's why the casinos are still in business and make so much money. They've designed the games and payouts so that you can't win in the long run. They even have a word for the mathematical disadvantage the games offer you—it's called 'the house edge.'
The good news is that the house edge is a long-term phenomenon. Anyone can win money gambling in the short term. In fact, if they couldn't, the casinos would go out of business because no one would play there.
Some gamblers do a better job of winning money at Vegas casinos than others, though. This post looks at what they do differently so that you can do it, too.
1- Build a Gambling Bankroll
The first step to winning money in a Las Vegas casino is having a gambling bankroll. This is money that you've set aside for the purpose of gambling with. It should be money you don't need for other purposes.
The reason you need a gambling bankroll is because you can't win money without first risking money. That's how gambling works. And if you don't set aside money for this purpose, you're liable to bet money you can't afford to lose just to get into and/or stay in action.
How big a bankroll do you need?
If your goal is to stay in action forever at a negative expectation game, you need an infinitely large bankroll. Luckily, that's not the goal for most thinking people.
You should base the size of your bankroll on your goals. Which games do you want to play? How much are you planning to bet at that game? How much time do you want to spend gambling?
If you want to play blackjack for $100/hand, you need more than $200 to get in any time at the table. Lose 2 bets in a row, and you're out of action almost immediately. That's no fun. Most people want to spend more than 5 minutes at the gambling table.
With a blackjack bankroll of $200, though, you might be able to play for an hour or 2 at the $5 tables.
Frank Scoblete offers interesting bankroll management advice for gamblers who play casino games. These are usually based on what it takes to make a quick win. Some of his money management techniques are misleading, as they don't increase your probability of winning. But his bankroll management advice can help you avoid going broke before getting your fill of fun at the table.
Scoblete suggests having a bankroll of 1000 units for a casino visit, and dividing it up as follows:
- 800 units for blackjack
- 130 units for craps
- 10 units for roulette
- 10 units for baccarat
- 40 units for poker
- 1 unit for video poker
- 9 units for sports betting
According to Scoblete, this works out to this much gambling on your gaming activities:
- 4 hours a day for blackjack
- 2 hours a day for craps
- 1 hour for all the other games
Obviously, you can see that blackjack and craps are far and away his recommended games. In this respect, at least, Scoblete is on the money. These are probably the best 2 casino games you can play, especially if you can avoid the sucker bets at the craps table.
More about those in the next section…
2- Stay Away from the Sucker Bets
Some casino games offer nothing but sucker bets.
But what's that mean?
A sucker bet is a bet that only suckers make because the house edge is so much higher than it needs to be. An example of a sucker bet is the game of keno, which usually has a house edge of 15% or higher. (And I'm being generous with that number—most keno games have a house edge of 25% or more, making it marginally better than the lottery, but not by much.)
Some gamblers think American roulette is a sucker bet because of its house edge of 5.26%. If you're playing in a casino that offers both American roulette and European roulette (which has a house edge of 2.70% or 1.35% depending on the rules), American roulette is certainly a sucker bet. But if American roulette is the only option available, and if you really enjoy the game, it's not really a sucker bet.
Other casino games, though, have multiple betting options. Some of them have a low house edge, while others have a ridiculously high edge. Craps is the best example of this kind of game. The basic bet in craps is the pass line bet, which has a house edge of 1.41%.
But the proposition bets at the craps table have house edge figures well in excess of 10%. You'd have to be a sucker to place a bet at a table that will result in 7X or 8X the losses in the same time.
How do you know which games and which bets are the sucker bets?
Just spend some time researching the house edge for various games. Baccarat, blackjack, craps, and video poker traditionally offer the best odds. Slot machines and keno are on the other end of the spectrum, offering the worst odds in the casino.
Most of the other games are somewhere in between.
Of course, unless you're an advantage player (like a card counter), all casino games have a negative expectation. This means if you play long enough, you'll eventually lose all your money. From the perspective of an advantage gambler, who only bets when he has an edge, all these casino games offer sucker bets.
But for the recreational gambler, your goal should be to get maximum game fun for the least amount of money. Your goal should also be to walk away a winner if you can.
Your best chance of doing so is to stick with the games with the best odds.
Poker games are another thing, entirely. That's a game of skill, and I encourage you to learn to play poker and play it well. Since you're competing with other poker players for their money, you don't have to worry about a house edge. You just need to be more skilled than most of the other players at the table.
Sports betting is another thing, too. The bookmakers set up the odds so that they're going to make a profit, so it's hard to get an edge, but they're not perfect. If you're better at picking winners than they are, you can get an edge over the books, too. In fact, if you're really good at handicapping, your best chance of leaving the casino with a lot of money is by putting money into action in the sports book.
3- Stick with a Strategy for the Game You're Playing
Most games have no strategy other than avoiding the worst bets at the table. Some games require you to make decisions about how to play your hand, though. The latter are the games with the best odds.
No matter which kind of game you play, you should go into it with a strategy and stick with that strategy. Ignore your hunches and psychic insights about what's going to happen next. Just make the best possible bets you can.
Roulette is a game with a simple strategy. Most casinos in Las Vegas offer what's called 'American' roulette. Every bet on that roulette game but one offers a house edge of 5.26%. Memphis tennessee casino hotels.
There's one exception:
The 5-number bet has a house edge of 7.89%. Since that's significantly more than all the other bets at the table, the best strategy is to never make that bet.
You can then decide how you want to bet on the other roulette numbers based on your tolerance for risk and your desire for a big payout. If you like frequent small wins, stick with the even-money bets. The probability of winning those bets is close to 50% (47.37%), but you only win even money.
On the other hand, if you don't mind losing for a while, you can place a single number bet. That pays off at 35 to 1, but the probability of winning that bet is only 1/38, or 2.63%.
You can also place a plethora of bets with payouts and probabilities between those 2 options.
With a game like blackjack, though, the house edge varies based on how well you play your hands. In blackjack, there's a mathematically correct move to make in every possible situation. This is called 'basic strategy.'
A player using basic strategy in blackjack only faces a house edge of 0.5% to 1%. If you ignore basic strategy and just play your hunches, you're probably giving the house an extra 3% to 4%.
That's a huge difference. If you're going to play blackjack, you should at least learn a simplified version of basic strategy to keep the house edge as low as possible
Also, even if you use perfect basic strategy in blackjack, the house still has an edge. Play long enough, and you'll lose all your money.
But when you reduce the house edge as much as possible, you increase the probability of walking away from a Las Vegas casino as a winner.
You can find detailed articles about every casino game you can imagine on this site. Those articles all cover the appropriate strategies to use for these games.
4- Quit While You're Ahead
No one can win money in a Las Vegas casino if they continue to play. Since the casino games have an edge, you're likelier to lose than win, and every bet you make brings you that much closer to the long run. The Law of Large Numbers suggests that the more trials you get involved in, the closer your actual results will mirror the mathematically expected results.
This means that if you hit a big win early in your casino visit, it's a good idea to set aside at least some of those winnings rather than gambling them all. I once won $6000 on a slot machine on my 6th spin of the reels. I immediately cashed out and set $3000 aside to make sure I could go home with a profit. (My bankroll for the entire trip was $1000, so I still had about $4000 to play with for the rest of my stay in Vegas.)
You'll find some writers talking about money management and the importance of setting win goals and loss limits. An example of a win goal is someone with a $1000 bankroll who decides he'll quit once he's ahead by $200. That's a win goal of 20%.
A stop loss limit, on the other hand, is an amount of money you're willing to lose before quitting. With a $1000 bankroll and a 20% stop loss limit, a gambler would quit when his bankroll got down to $800.
Here's the thing about win goals, stop loss limits, and money management:
None of these techniques change the house edge. No matter when you walk away from the tables, unless you walk away permanently, the house edge will eventually come into play in your casino game hobby.
Yes, you should quit when you get ahead.
Or at least set aside enough winnings that you can go home a winner.
Just realize that this concept doesn't increase your chances of winning money in a Las Vegas casino in the long run. It just makes sure that you sometimes go home a winner. You'll go home a loser more often, but not as often if you occasionally quit while you're ahead.
5- Don't Be Afraid to Go Big or Go Home
The last time I visited the Winstar, I had a small bankroll of just $200.
Fastest Way To Make Money
But I also had a plan.
I was going to bet $100 on odd. We chose that because my traveling companions and I decide that we were all odd people, so that might be lucky for us. (I didn't have the heart to tell them that the odds of winning were 47.37% regardless of whether we bet on odd or even.)
That was half my total bankroll for the trip on a single bet. I wanted to go big or go home. I was going to use the other $100 to bet on craps, actually, but I was just going to stick with the $5 bets.
But it was a Saturday night at the Winstar, and they only recently started offering real roulette and real craps. Prior to this change, they generated results using playing cards instead of wheels and dice.
As a result, the tables were so crowded I couldn't get anywhere near them. I wound up playing Lightning Sevens and The Big Lebowski slot machines, instead.
I still broke even for the night, but that was all luck.
Still, there's much to be said for making one big bet instead of making lots of small bets. I've written about something called 'maximum boldness' in gambling before. The idea is that making a single big bet on a negative expectation game offers you a better probability of doubling your money than making any combination of multiple, smaller bets.
2- Stay Away from the Sucker Bets
Some casino games offer nothing but sucker bets.
But what's that mean?
A sucker bet is a bet that only suckers make because the house edge is so much higher than it needs to be. An example of a sucker bet is the game of keno, which usually has a house edge of 15% or higher. (And I'm being generous with that number—most keno games have a house edge of 25% or more, making it marginally better than the lottery, but not by much.)
Some gamblers think American roulette is a sucker bet because of its house edge of 5.26%. If you're playing in a casino that offers both American roulette and European roulette (which has a house edge of 2.70% or 1.35% depending on the rules), American roulette is certainly a sucker bet. But if American roulette is the only option available, and if you really enjoy the game, it's not really a sucker bet.
Other casino games, though, have multiple betting options. Some of them have a low house edge, while others have a ridiculously high edge. Craps is the best example of this kind of game. The basic bet in craps is the pass line bet, which has a house edge of 1.41%.
But the proposition bets at the craps table have house edge figures well in excess of 10%. You'd have to be a sucker to place a bet at a table that will result in 7X or 8X the losses in the same time.
How do you know which games and which bets are the sucker bets?
Just spend some time researching the house edge for various games. Baccarat, blackjack, craps, and video poker traditionally offer the best odds. Slot machines and keno are on the other end of the spectrum, offering the worst odds in the casino.
Most of the other games are somewhere in between.
Of course, unless you're an advantage player (like a card counter), all casino games have a negative expectation. This means if you play long enough, you'll eventually lose all your money. From the perspective of an advantage gambler, who only bets when he has an edge, all these casino games offer sucker bets.
But for the recreational gambler, your goal should be to get maximum game fun for the least amount of money. Your goal should also be to walk away a winner if you can.
Your best chance of doing so is to stick with the games with the best odds.
Poker games are another thing, entirely. That's a game of skill, and I encourage you to learn to play poker and play it well. Since you're competing with other poker players for their money, you don't have to worry about a house edge. You just need to be more skilled than most of the other players at the table.
Sports betting is another thing, too. The bookmakers set up the odds so that they're going to make a profit, so it's hard to get an edge, but they're not perfect. If you're better at picking winners than they are, you can get an edge over the books, too. In fact, if you're really good at handicapping, your best chance of leaving the casino with a lot of money is by putting money into action in the sports book.
3- Stick with a Strategy for the Game You're Playing
Most games have no strategy other than avoiding the worst bets at the table. Some games require you to make decisions about how to play your hand, though. The latter are the games with the best odds.
No matter which kind of game you play, you should go into it with a strategy and stick with that strategy. Ignore your hunches and psychic insights about what's going to happen next. Just make the best possible bets you can.
Roulette is a game with a simple strategy. Most casinos in Las Vegas offer what's called 'American' roulette. Every bet on that roulette game but one offers a house edge of 5.26%. Memphis tennessee casino hotels.
There's one exception:
The 5-number bet has a house edge of 7.89%. Since that's significantly more than all the other bets at the table, the best strategy is to never make that bet.
You can then decide how you want to bet on the other roulette numbers based on your tolerance for risk and your desire for a big payout. If you like frequent small wins, stick with the even-money bets. The probability of winning those bets is close to 50% (47.37%), but you only win even money.
On the other hand, if you don't mind losing for a while, you can place a single number bet. That pays off at 35 to 1, but the probability of winning that bet is only 1/38, or 2.63%.
You can also place a plethora of bets with payouts and probabilities between those 2 options.
With a game like blackjack, though, the house edge varies based on how well you play your hands. In blackjack, there's a mathematically correct move to make in every possible situation. This is called 'basic strategy.'
A player using basic strategy in blackjack only faces a house edge of 0.5% to 1%. If you ignore basic strategy and just play your hunches, you're probably giving the house an extra 3% to 4%.
That's a huge difference. If you're going to play blackjack, you should at least learn a simplified version of basic strategy to keep the house edge as low as possible
Also, even if you use perfect basic strategy in blackjack, the house still has an edge. Play long enough, and you'll lose all your money.
But when you reduce the house edge as much as possible, you increase the probability of walking away from a Las Vegas casino as a winner.
You can find detailed articles about every casino game you can imagine on this site. Those articles all cover the appropriate strategies to use for these games.
4- Quit While You're Ahead
No one can win money in a Las Vegas casino if they continue to play. Since the casino games have an edge, you're likelier to lose than win, and every bet you make brings you that much closer to the long run. The Law of Large Numbers suggests that the more trials you get involved in, the closer your actual results will mirror the mathematically expected results.
This means that if you hit a big win early in your casino visit, it's a good idea to set aside at least some of those winnings rather than gambling them all. I once won $6000 on a slot machine on my 6th spin of the reels. I immediately cashed out and set $3000 aside to make sure I could go home with a profit. (My bankroll for the entire trip was $1000, so I still had about $4000 to play with for the rest of my stay in Vegas.)
You'll find some writers talking about money management and the importance of setting win goals and loss limits. An example of a win goal is someone with a $1000 bankroll who decides he'll quit once he's ahead by $200. That's a win goal of 20%.
A stop loss limit, on the other hand, is an amount of money you're willing to lose before quitting. With a $1000 bankroll and a 20% stop loss limit, a gambler would quit when his bankroll got down to $800.
Here's the thing about win goals, stop loss limits, and money management:
None of these techniques change the house edge. No matter when you walk away from the tables, unless you walk away permanently, the house edge will eventually come into play in your casino game hobby.
Yes, you should quit when you get ahead.
Or at least set aside enough winnings that you can go home a winner.
Just realize that this concept doesn't increase your chances of winning money in a Las Vegas casino in the long run. It just makes sure that you sometimes go home a winner. You'll go home a loser more often, but not as often if you occasionally quit while you're ahead.
5- Don't Be Afraid to Go Big or Go Home
The last time I visited the Winstar, I had a small bankroll of just $200.
Fastest Way To Make Money
But I also had a plan.
I was going to bet $100 on odd. We chose that because my traveling companions and I decide that we were all odd people, so that might be lucky for us. (I didn't have the heart to tell them that the odds of winning were 47.37% regardless of whether we bet on odd or even.)
That was half my total bankroll for the trip on a single bet. I wanted to go big or go home. I was going to use the other $100 to bet on craps, actually, but I was just going to stick with the $5 bets.
But it was a Saturday night at the Winstar, and they only recently started offering real roulette and real craps. Prior to this change, they generated results using playing cards instead of wheels and dice.
As a result, the tables were so crowded I couldn't get anywhere near them. I wound up playing Lightning Sevens and The Big Lebowski slot machines, instead.
I still broke even for the night, but that was all luck.
Still, there's much to be said for making one big bet instead of making lots of small bets. I've written about something called 'maximum boldness' in gambling before. The idea is that making a single big bet on a negative expectation game offers you a better probability of doubling your money than making any combination of multiple, smaller bets.
This is because of the Law of Large Numbers, which I think I've already mentioned.
Here's the easiest way to understand it, though:
You goal is to make $1000 on a single bet in roulette. You choose black (or any other even number.) You have 2 possible outcomes:
- You could win $1000.
- You could lose $1000.
Possibility #2 is more likely, but those are still the only 2 possibilities.
Now suppose you make 2 bets of $500 each. Here are the possible outcomes:
- You could win both bets, for a $1000 profit.
- You could win bet #1 and lose bet #2, which results in you breaking even.
- You could win bet #2 and lose bet #1, which also results in you breaking even.
- You could lose both bets, for a $1000 loss.
The likelihood of these events varies, but you're more likely to lose both bets than you are to win both bets. That's obvious. But you also have 2 other possibilities which are also pretty likely.
And obviously, the more bets you make, the more possibilities are out there. Suppose you make 4 bets of $250 each:
- You could win all 4, doubling your money.
- You could win 3 and lose 1, which would result in a profit.
- You could win 1 and lose 3, which would result in a loss.
- You could win 2 bets and lose 2 bets, which could happen in multiple ways, and you'd break even.
- You could lose all 4 bets.
The reason casinos make money is because they're in it for the long run.
Wanna beat the casinos?
Decide to get happy with wins in the short run.
6- Spend Some Time Doing Other Things in Las Vegas, Too
It's hard to win money on any kind of gambling if you're tired or bored. Gambling is supposed to be fun. If you're gambling compulsively to the point where you're uninterested in any other activity, you're in trouble.
Luckily, in Las Vegas, you can find lots of things to do. Heck, just walking around Downtown or the Las Vegas Strip can be loads of fun. There are free shows right on The Strip, too—the water fountains at the Bellagio and the pirate show at the Mirage cost you nothing. You can even go see circus acts at Circus Circus.
Spend some of your entertainment money on other forms of entertainment. Think about hitting a couple of the cool museums in town. Whether you like organized crime or nuclear experiments, Las Vegas has a museum to help educate you about it.
And you won't find a better selection of shows anywhere on the planet.
The number and variety of bars and nightclubs is staggering. So is the number of restaurants.
Don't just gamble.
Enjoy some of what else Vegas has to offer.
7- Learn How to Play Poker, Please
If I could convince you of one thing, it's this:
If you want to win money in a Las Vegas casino, stay away from the 'casino games' entirely and play poker.
Not all Vegas casinos have cardrooms, but find one that does. Learn how to play poker and learn how to play the game well.
The skill element is what sets poker apart from the other games. The casinos take a 5% cut of every pot, which means you can't just sit down and break even.
But it takes less study and effort than you might think to become a break-even poker player. With a little effort, you can make a long-term profit at the Texas holdem tables.
90% of poker players don't profit, but that means 10% of the players do. That's a bigger percentage of Vegas winners than you'll find playing slot machines, I promise you.
Conclusion
Anyone can come home after winning some money in Las Vegas. People do it every day. It's easier to pull off if you stick with the games offering better bets.
Of course, learning the right strategies for the games you're playing helps, too. Being able to distinguish between good and bad bets is one critical skill. But in games like blackjack and video poker, you must be able to make the decisions offering the best expected value, too.
Finally, if you really want to win money in Las Vegas casinos in the long run, become a solid poker player.
Every gambler wants to win profits. But this is very difficult to do when considering that the casino holds an edge in most games. Of course, you can use a combination of luck and skill to win more money. But banking on luck is a terrible way to earn long-term profits through gambling.
Therefore, you need to find games and advantage play techniques that give you an opportunity to win in the long run. I'm going to discuss the best games and advantage gambling methods that'll help you accomplish this goal.
Poker has long been one of the top ways to make money with gambling. This reputation has only increased in recent times with the availability of online poker. The reason why poker offers such a great opportunity to earn money is because you're competing against other players – not the house.
But I believe that any poker player can win with the right approach. The only question is what route you should take towards becoming a winner. Read the stories of any successful poker player – past or present – and you'll see that there's no single road to get there. But there are some universal steps you can take to becoming a stronger player.
Here are different methods you can use to improve your skills:
- Watching pros on Twitch streams.
- Watching training videos on YouTube.
- Joining a training site (usually $30 per month).
- Reading poker strategy books.
- Reading poker strategy articles.
- Hiring a poker coach.
- Reviewing your sessions afterward.
You also have to decide what poker variation and type you want to attack. After all, this game offers over a dozen variations along with different game types. Some of the poker variants include Texas holdem, Omaha, Omaha Hi-Lo, Seven Card Stud, Razz, Badugi, H.O.R.S.E., and Crazy Pineapple. The different types of poker include cash games, multi-table tournaments (MTTs) sit and go's (SNGs), and lottery style games. You should throw out lottery style poker games right away if you're a serious player. These games rely on too much luck in order to win anything significant.
This leaves you choosing between cash games, MTTs, and SNGs. Here are the pros and cons to each of these choices:
- Cash games – Pros: great for steady hourly profits, especially when multi-tabling online. Cons: your losses can accelerate greatly if you're not skilled.
- MTTs – Pros: give you a chance at winning a huge payout for a small buy-in. Cons: bigger MTTs have lots of variance, meaning you won't cash often.
- SNGs – Pros: you can make a steady profit from SNGs without assuming too much risk. Cons: you need to multi-table SNGs or play higher stakes in order to make serious profits.
The biggest thing to keep in mind about poker is that it's not an easy way to win profits. This is especially the case in today's poker climate, which features better players than ever before. But as long as you're willing to take a long-term approach to the matter – rather than expecting quick winnings – then you can slowly grind up the stakes and make some money. Moreover, poker offers more opportunities to become a profitable gambler than anything else on this list. Despite modern poker's increasing overall skill level, you'll find lots of juicy cash games, MTTs, and SNGs.
Chances are that you've seen a daily fantasy sports (DFS) commercial or two. These commercials are often aimed at making sports fans think that they can easily win money. This couldn't be further from the truth, though, because DFS is a skill-based form of gambling. The biggest winners are those who dedicate the most time to creating lineups, analyzing statistics, and learning other strategies. Much like poker, you're competing against other DFS players to craft the best player lineups. This skill aspect gives you an opportunity to win on a consistent basis.
Of course, not everything regarding DFS is about analyzing stats. You also need to develop simple strategies that'll help you craft winning lineups. One of my favorite simple approaches involves looking for low-salary value players before filling out the rest my lineup. Focusing on the best value picks first helps me fill multiple positions on a roster before going for the high-salary players. Additionally, this allows me to see how much remaining money I have to go for the All-Stars at the end. DFS isn't as lucrative as poker or sports betting for the average gambler. But you can certainly win some major money through this form of gambling.
Case in point: former poker pro Aaron Jones won $5 million through a DraftKings NFL contest in 2016. Plenty of other players have won large payouts since then. First things first though; in that you need to become a successful player before dreaming about a big win. I suggest starting with general strategy in low-stakes contests, before diving into advanced stats and programs that can truly make your winner.
Sports betting is similar to poker and DFS in that you can win long-term profits. But it also works differently from these two games in some ways. Poker and DFS involve competing against other players, with the house collecting a small amount of rake from the contest. Sports betting, on the other hand, revolves around trying to figure out which side of the line has more value. Therefore, you're not competing directly against other bettors for winnings.
For example, you'd need to win 52.4% of point spread bets with 10% juice (comes from losing side) to be profitable. Winning over 52.4% of your wagers doesn't sound extremely difficult. But keep in mind that even the best sports gamblers only win 53% to 55% of their point spread wagers. The rate at which you need to win moneyline bets depends upon the odds you're taking. For example, you only need to win over 43.5% of the time on +130 moneyline bets to earn profits. But it's not any easier to beat moneyline wagers than point spreads or any other type of bet.
The reason why sports wagering is difficult to profit from is because bookmakers are really good at setting lines. Their goal is to create equal action on each outcome in a wager, thus guaranteeing them a profit when the juice is taken into account. I mentioned earlier how you're directly competing against other bettors. But you need to find favorable opportunities before most other gamblers, because lines shift when there's too much action on one side.
Jumping on lines early is one of the best things to do as a sports bettor. This allows you to find value before any potential shift occurs to balance out the action. Handicapping is the main strategy for finding value in lines. This technique involves examining a variety of factors to see if the bookmaker's odds lineup with your take.
Here's an example:
- Atlanta Falcons +140
- Carolina Panthers -165
- You handicap this game.
- You think that the Falcons are undervalued at +140.
- You bet on the Falcons to win.
The factors that you look at when handicapping differ based on the sport. But basic elements that you should consider include injuries, player matchups, travel schedules, motivational factors, and statistics.
Stats are very important in sports gambling, because you can use them to spot trends that'll give you an advantage over time. You can also use sports betting software to help you analyze advanced stats and make better bets. Of course, sports betting is like DFS in that you want to first learn the basics while concentrating on low stakes wagers. As you become more competent, you can graduate towards making bigger bets and using programs to help you out.
The esports industry has been rapidly increasing in popularity over the past few years. Esports betting, which has spawned from this growth, allows you to bet on the action. If you're already a sports gambler, then you'll appreciate the easy transition into esports betting. This form of gambling uses the same odds and types of bets that are featured in traditional sports gambling. You can also use many of the same handicapping skills to win esports wagers. The only difference is that you need to learn about the different games, leagues, and players involved.
Esports betting allows you to wager on over a dozen computer and console video games. Here are just some of the available games:
- Battlefield
- Call of Duty
- Counter-Strike: Global Offensive
- Dota 2
- Halo
- Hearthstone: Heroes of the Warcraft
- Heroes of the Storm
- League of Legends
- Overwatch
- Rocket League
- Smite
- Starcraft II
- Street Fighter
These games all have different leagues too, which gives you even more chances to specialize. But I strongly suggest that you only focus on one game and 1-2 leagues in the beginning until you master them. There's no sense in wagering on a bunch of options and spreading yourself thin. Instead, truly get to know a single game before moving on.
5 – Card Counting
Card counting is an advantage play technique that you can use in blackjack to make profits. The goal is to keep track of aces and 10-value cards so that you know when you have a better chance to get natural blackjack (21 on first two cards). Casinos pay you either 3:2 or 6:5 on your original bet when you have a winning natural blackjack. Therefore, you can gain a temporary advantage by making larger bets when your chances of getting a natural increase.
The biggest benefit to card counting is that you don't have to compete with other players to win. Instead, this is a matter of you learning how to count cards and avoid being caught by the casino. The latter is one of the biggest disadvantages to card counting. It doesn't matter how good you are if the pit boss detects that you're counting cards and has security escort you out the door.
This makes it important that you don't spread your bets too much when you have an advantage. Here are examples of an acceptable spread versus what's not:
- Acceptable – Going from table minimum of $10 to $50 (1-5 spread).
- Unacceptable – Going from table minimum of $5 to $500 (1-100 spread).
- Acceptable – Going from table minimum of $5 to $75 (1-15 spread).
- Unacceptable – Going from table minimum of $10 to $5,000 (1-500 spread).
One other critical aspect involves researching casinos and finding out which ones are more tolerant of bet spreads. Some gambling establishments will become suspicious immediately when you use a 1-15 spread, while others won't as long as you're not obvious about your counting efforts.
Of course, you also have to thoroughly learn and master a card counting system. The actual process of learning a system isn't overly difficult, especially if you use one like the OPP or Hi-Lo. The Hi-Lo is my favorite for beginners, because it's simple and will still produce good results. You should be able to learn how to use the Hi-Lo within a matter of minutes.
Also note that you'll need a large bankroll so that you don't risk busting out in your card counting endeavors. The average successful counter only has between a 0.5% and 1.5% edge, which makes for a lot of variance. You also have to account for how you'll be placing big bets when you have a positive count. This increases the risk, which is why you want at least a few thousand dollars in your bankroll when starting out.
Hole carding is another advantage play technique that you can employ in blackjack. This strategy revolves around trying to see the dealer's face-down card (a.k.a. hole card) when they peek for a natural blackjack. As you may know, the dealer peeks for a blackjack when their upcard is either an ace or a 10-value card. The round ends if they have a natural, and anybody without a natural automatically loses.
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Under optimal conditions with a dealer that consistently shows their hole card, you'll have anywhere between an 11% and 13% advantage. The biggest obstacle to hole carding is that there aren't many dealers who'll actually reveal their value when checking for blackjack. Chances are that you'll have to sit at 100 or more blackjack tables before you find a really bad dealer.
You also need to sit in the correct seat to spot the dealer's hole card. First base (seat to croupier's immediate left) is best when there's a right-handed dealer, and third base (seat to croupier's immediate right) is best when there's a left-handed dealer.
Video poker is the only house-banked casino game that offers you a long-term advantage. Unlike hole carding and card counting, you can sit at a video poker game for as long as you want and take advantage of profits. The first step to being a video poker winner involves knowing which variations actually provide an advantage. Here are the three most-common variants that will deliver long-term profits:
you may be disappointed to find out that there are no casinos outside of nevada offering any video poker games with positive expected value (+ev). moreover, the largest selection of beatable machines are found in las vegas. assuming you have access to nevada casinos – either through living in the area or visiting – then you want to practice for the games you'll be playing. after all, you need to use correct strategy to take advantage of +ev situations.
also note that being an advantage video poker player is a volatile pursuit. you'll only get a royal flush on 1 out of 40,000 hands on average, meaning that you'll need to play numerous hands before realizing +ev. but as i mentioned before, the great thing about video poker is that you can play games with over 100% rtp and not fear being kicked out of the casino.
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none of the games and advantage play methods i've discussed is perfect. they all have their pros and cons with regard to the strategy and difficulty level. but the good news is that everything covered here are at least gives you the opportunity to make money through gambling. if you've ever dreamed of being a profitable gambler, then the opportunity is there for the taking.i prefer player-vs-player games, because they have the lowest barrier to entry. you won't get booted from the casino, and you can readily find poker and dfs games online. advantage play techniques are nice from the perspective that they offer you guaranteed profits when used correctly. you don't have to worry about beating highly skilled players.
but one major drawback is that you can also get kicked out of the casino. additionally, it's hard to find perfect conditions for card counting or hole carding. video poker is great from the perspective that you can win money without worrying about the casino staff breathing down your neck. the downsides, though, include that you only find +ev games in nevada and you won't win large profits with these games. in summary, winning in gambling is far from easy. but there are multiple ways for you to accomplish this if you're motivated to do so.
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you may be disappointed to find out that there are no casinos outside of nevada offering any video poker games with positive expected value (+ev). moreover, the largest selection of beatable machines are found in las vegas. assuming you have access to nevada casinos – either through living in the area or visiting – then you want to practice for the games you'll be playing. after all, you need to use correct strategy to take advantage of +ev situations.
also note that being an advantage video poker player is a volatile pursuit. you'll only get a royal flush on 1 out of 40,000 hands on average, meaning that you'll need to play numerous hands before realizing +ev. but as i mentioned before, the great thing about video poker is that you can play games with over 100% rtp and not fear being kicked out of the casino.
make money gambling online
none of the games and advantage play methods i've discussed is perfect. they all have their pros and cons with regard to the strategy and difficulty level. but the good news is that everything covered here are at least gives you the opportunity to make money through gambling. if you've ever dreamed of being a profitable gambler, then the opportunity is there for the taking.i prefer player-vs-player games, because they have the lowest barrier to entry. you won't get booted from the casino, and you can readily find poker and dfs games online. advantage play techniques are nice from the perspective that they offer you guaranteed profits when used correctly. you don't have to worry about beating highly skilled players.
but one major drawback is that you can also get kicked out of the casino. additionally, it's hard to find perfect conditions for card counting or hole carding. video poker is great from the perspective that you can win money without worrying about the casino staff breathing down your neck. the downsides, though, include that you only find +ev games in nevada and you won't win large profits with these games. in summary, winning in gambling is far from easy. but there are multiple ways for you to accomplish this if you're motivated to do so.
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