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"Money Management Tips for Casino Players"


Money Management Tips for Casino Players BY 11IC BLOG
One of the reasons the casino business is so profitable is because they’re experts at separating you from your money. They use multiple practical and subtle strategies for this purpose. That doesn’t mean you can’t have fun in the casino, but it does make your money management strategy more important than anything else.

Here are the money management tips you need to get past the casino’s expertise:

Money Management – Understand that You’re Playing with Your Money

The first step is to understand that this is real money at stake. Also, every dollar you bet is your money—at least until you lose that bet. And every bet in the casino is made at a mathematical disadvantage.
It’s your money.

And when you place a bet on a casino game, you’re risking that money at a mathematical disadvantage. In all but the rarest cases, that mathematical edge for the casino is impossible to overcome in the long run.
If you play casino games long enough, you’ll eventually lose all your money.

Money Management Tip – How to Bet on Casino Games

Flat betting is when you bet the same amount every time. If your goal is to lose as little as possible, this is probably the best way to bet on casino games. You’ll do better by betting less on each outcome rather than betting more on each outcome.

Progressive betting is when you raise the size of your bets based on whether you’re winning or losing. If your goal is to have the best chance of winning a small amount of money, increase the size of your bets after losses. Once you’ve recouped your losses, go back to your original betting size. On the other hand, if your goal is to have a big win, increase the size of your bets after winning until you’ve reached a win goal that satisfies you. This increases your probability of having a big win, but you’ll be more likely to have a lot of losing sessions this way

Money Management Tip – Watch Yourself Closely for Signs of Addiction or Compulsive Playing

Online casino games are designed to be addictive—especially slot machines. You’re not immune to compulsions or addictions just because you know they’re possible. So you must be vigilant about your own ability to manage your behavior.

You can find all kinds of crazy stories about compulsive playing casino on the internet in forums and blog posts. No one is immune. In fact, it seems like intelligent and successful people are more likely to become gambling addicts than others.

Money Management Tip – Consider Games with a Low House Edge or Games Where You Can Actually Get an Edge

With most casino games, like slot machines or roulette, it’s impossible to get a mathematical edge over the house. If you don’t understand how that math works, let me give you a quick example:

You’re playing roulette, and it seems like you have a 50/50 chance of winning even money on a red or black bet. That’s deceptive, though.
Yes, there are just as many red numbers on a roulette wheel as there are black numbers.
But a roulette wheel also has one or two green numbers.

For more information visit the Best Online Casino 11ic. Stay tuned and Happy reading folks!!
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