Quantcast
Channel: Gambling Review News » money management
Viewing all articles
Browse latest Browse all 4

No sure things in gambling

0
0

I saw something recently that set off my rant meter. Don’t worry, you’ll get the abbreviated version here. Anyway, I was on the homepage for casino-slotsonline.com and was looking at the chart of the Top Online Casinos. It listed the casinos, their welcome bonus, and payout rate, and then had a download button that said “play & win.”

Now, I have nothing against casino-slotsonline.com. It’s a legitimate website. But the “play and win” thing bothers me because it seems to imply that if you play you will win. You might. Here’s the dirty secret, though: you probably won’t.

I’m not being pessimistic. I was following the laws of probability. All casino games have a house edge, meaning the odds favor the house. That means losing is more likely than winning when you play. Playing games with the best odds give you a better chance of winning, but the probability is still that you will lose. Players are willing to play anyway because the rewards when you win, which are more than just monetary, are worth the risk.

The mindset of playing casino games to make money is dangerous. You should play casino games for fun and to attempt to win money, but never take for granted that you will win. When creating a budget for how much money to wager at the casino, don’t think of it as an investment that you will get back. Think of the money as spent. Think of it the same as admission at a park or movie theater. If you win money, that’s great, but you should always wager money and be prepared to kiss it goodbye. There are no sure things in gambling. Keep that in mind when you place a wager.


Viewing all articles
Browse latest Browse all 4

Latest Images

Trending Articles





Latest Images