Losing At Casino
Submit All Losing Tickets. Casino.org is the world’s leading independent online gaming authority, providing trusted online casino news, guides, reviews and information since 1995. Mike Tyson was an extravagant star of the sport back in the 90s. He made waves immediately and became a household name because of the way in which he smothered his opponents. In fact, ‘Iron’ Mike lost his first fight after five years of his professional debut. In a new podcast with Hotboxin.
In the 1960s, only Atlantic City and Nevada had casino gambling. Today, casinos operate in more than 30 states. Add state lotteries, Powerball and now Internet gambling sites, and there are plenty of ways to try your luck and lose a little cash. Many adult communities, assisted living centers and even churches organize outings to nearby casinos. Jan 09, 2021 Mark Hulbert Opinion: Earnings momentum strategies made big money but are now losing the big mo’ Last Updated: Jan. 9, 2021 at 3:34 p.m. ET First Published: Jan. 8, 2021 at 7:05 a.m. The player slowly lost all his gains and an additional $2.2 million to the casino. He hanged himself in the suite that night. Word had it that he was on the verge of bankruptcy and this was his final resort.” (The dealer quit after this incident.) #6 – $20,000 profit turns into a $5,000 loss.
Losing in Blackjack
No matter what casino game you happen to play, you want to win, and blackjack is no exception. Since it is a game that does not rely solely on pure luck, you can approach the game with some skill. Many players spend significant amounts of time trying to develop a strategy to decrease blackjack losses. Card counting is one of those strategies that if used properly can increase your odds. But sometimes, no matter what you try, you still lose at blackjack. It won’t matter what system or strategy you use or where you play. Losing at blackjack is not fun and there are simply times when nothing works for you.
Losing Streaks - Why They Happen
Every player, sooner or later, will hit a losing streak at least once in their gambling career (although usually it will happen more than once). Sometimes they happen for a short period before the player gets back on track. At other times, those losing streaks may continue to hang on and drag a player down. But why do players go through losing streaks? Well, there may be a few factors.
First of all, losing at blackjack is part of the game. It is part of gambling. You are not going to win all the time. However, if you are constantly losing at blackjack, then one of the most common problems with blackjack players is lack of discipline. Many players will try to play on a hunch and then they bet big when they feel “lucky”. This is a HUGE mistake, not just in blackjack but in any casino game. Never play on a hunch (unless you just have buckets of cash lying around). Always use discipline and strategy.
Another factor to losing at blackjack is a cold table. While some scoff at superstitious idea that a table can be unlucky, in reality it the table could be the problem, but not because of luck. You may have a dealer who slows down game play. You may not be getting enough rounds of game play in an hour’s time at one table. Try to scout out the tables in a casino and see which one has more action.
Some players who lose at blackjack suffer from the simple problem of not knowing when to quit. This can happen one of two ways. The first is when a player is winning and after they have pocketed a sizable amount of cash, an unlucky turn causes them to lose everything they have won. Instead of quitting, the player is now upset at losing all that they have won so they keep playing in the attempt to win it back. This is a good time for the losing streak to happen. The second way a losing streak happens is because a player starts out losing. And they keep losing again and again. Many players will try to stick it out in the stubborn hope of turning things around. All this does is deplete your bankroll that much quicker.
It’s happened to every gambler.
You enter the casino full of hope and excitement. The machines are buzzing, the tables are hopping, and you want to get in on the action. You have a plan – or maybe you don’t. You put your money in the shiniest slot machine, or you pick a table that looks promising.
A few hours later, your pockets are empty, and you’re left wondering what happened.
If you find this happening every time you visit the casino, then it might be time to rethink your gambling strategy and approach. Bearing in mind that the house always has an advantage, you can focus on playing games that give you the lowest house edge.
You can also focus on managing the most important factor in gambling:
Yourself.
Here are a few reasons why you’re leaving the casino with empty pockets or a lighter purse:
You’re Picking the Wrong Games
Picking a game is part of the fun of gambling.
Will this game be the one that gives you that big payout you’re looking for?
Maybe.
If you’re hitting the same machines or table games and consistently losing, it might be time to change things up.
One thing to consider is the house edge. That’s a statistical prediction of how much (on average) you’ll lose on every bet over the long run. In the short run, anything can happen, but in the long run, your average will near the statistical prediction.
Generally, the lower the house edge, the better your chances of walking away a winner.
As table games go, blackjack offers the best odds in the casino. Typically, the house edge is less than 1%, and it’s often lower than that. This assumes that you’re using perfect basic strategy, though.
Video poker machines have a house edge of 3%, and sometimes much less. This also assumes that you’re playing with optimal strategy.
Slot machines have a 5%-30% house edge. You don’t have to worry about strategy when playing slots, though.
Keno has a house edge of 30% or more. There’s no good strategy for keno, either.
It can be intimidating to switch up your game, but it’s worth the effort. You can make the transition easier by staying with a game that’s close to your comfort zone.
Here’s an example:You usually play slot machines. You switch to video poker. The lower house edge means that over time, it costs you a lot less to play.
If you’re intimidated by social gambling, try to find a table that isn’t crowded.
Or, go to the casino at a time when it isn’t as busy.
If you’re uncomfortable at a specific table, find a different table.
If you must play slot machines, choose machines where you can afford to bet the maximum. Higher bets improve your odds on some machines. Make sure to pay close attention to the denomination and your total overall bet so you don’t get over your head.
If you’re a keno player, keep your bets small. The house advantage is huge. You might win less, but you’ll also lose less.
You’re Picking the Wrong Casinos
Don’t get me wrong–the house edge on games is similar from casino to casino.
Some factors vary, though, and they could help you leave with money in your pocket.
When you have a choice of casinos, choose the one with the best rewards program. The definition of “best” varies, but you’ll want to look at how quickly you earn points. You should also think about how much free play you can earn with your points. Free play gives you more money to spend, and it’s always better to gamble with someone else’s money.
Also pay attention to what discounts you get with your card.
Do you get a percentage off from food purchases?
How often do they give you comps like free hotel stays?
If you’re spending money on food and drinks while you’re there, go where you get the best deals, and lower the cost of your overall casino experience.
One factor that varies from casino to casino is the table limits – your minimum and maximum bets. Some casinos may have higher minimum bets on table games than you might be comfortable with. Or, the slot machines may have higher maximums than you prefer.
Before you start playing, walk around and see what bets are offered at what limits.
If it’s more than you planned on gambling, you’ll be better off heading elsewhere.
You Don’t Have a Plan
You wander into the casino. You sit at whatever game suits your fancy. You take money out of the ATM multiple times.
But you don’t have a plan.
Have a plan for how much you’re going to gamble, and how you’re going to gamble it. Ideally, you should withdraw money from your bank before you set foot into a casino. Casino ATMs charge ridiculous fees for withdrawing money.
Don’t take more money than you can afford to lose. Use money that you’ve allocated for entertainment – not money you need to pay the rent.
If you’re gambling with money you need, the whole experience becomes much more stressful. Gambling should be fun, not stressful. Keep your bankroll to a reasonable amount that you feel comfortable with.
If the temptation to withdraw more money is too much for you, get money from the bank before you go to the casino, and then leave your credit and debit cards at home.
Once you have your money, break it up into smaller bankrolls. It’s much easier to gamble away $100 if you’ve put $100 into a machine. Break up your bills into smaller denominations to manage your betting. Get smaller denominations of chips so you’re not tempted to bet beyond your means.
If you win, walk away. Don’t put it back. Get in your car and go to the bank. If you must continue playing, decide exactly how much you’re going to play and stick to it.
Most importantly, resist the temptation to deviate from your plan. It’s one of the worst feelings in the world to gamble more than you intended to, or to win a decent payout and give it all back to the casino.
You Don’t Know the Game
Blackjack is a strategy game, so if you don’t know basic strategy, you will hurt yourself in the long run. Knowing basic strategy improves your odds of winning and lowers the house edge. You can familiarize yourself with the game before you go by playing free games at an online casino.
If you prefer to learn in person, go to the casino when it’s not busy. Find a table that’s not crowded, and familiarize yourself with the game.
Although slot machines are random, it’s important to know the payouts on the machine you’re playing. If the payouts aren’t listed on the machine, look for the payout table on the machine itself.
It also never hurts to do a little research. Pay attention to how different slot machines are paying out. Simpler machines have tendency to pay more frequently, though the payouts might be lower. Look for 3-reel machines that are in a denomination you’re comfortable with.
Craps can seem complicated. It has multiple bets that you can make. There are pass line bets, odds bets, and come and don’t come bets. You can familiarize yourself with craps via an online casino, or, better yet, find an experienced player who’s willing to explain the ins and outs of the game.
If you stick with the simplest craps bets, the house edge is surprisingly low.
When betting on sports, do your homework before you bet. How has the team been performing? Who’s not able to play in the upcoming game?
Knowing how a game works helps with your planning. It also makes sure that your odds are the best they can be. That, in turn, increases your odds of leaving the casino with money in your pocket.
You Bet Too Much
It can be tempting to bet big.
After all, if you want to win big, you should bet big, right?
That can happen, but it’s much more likely that you’ll be heading home sooner than you planned because you’re out of money.
Consider how much you’re planning to spend overall.
Here’s an example:You plan to gamble $300. You could play a dollar slot machine, with a max of $3, and you’ll have at least 100 chances to bet.
Or you could play a $5 machine with a max of $15, and you’ll have 20 chances.
Even though you may not win as much playing the smaller maximum, you probably won’t lose as much either.
You can keep playing longer, and that’s the fun part, right?
Similarly, find a table game with a minimum you can handle. Give yourself the best chance to win. The more hands you can play, the better.
Resist the temptation to increase your bet sizes just because you’re winning. Slot machines are random, and what you won before has no effect on what you’re going to win on the next spin. Dice are also random.
It might seem like the game is hot, but that can change in an instant. Stick to your plan, and keep your betting steady.
With blackjack, if you’re a more advanced player, you may be able to count cards and know when to bet bigger. But if you’re a newer player, resist the temptation to increase your bets.
Losing At Casino
You Play to Recover Your Losses
You’ve been playing for a while, and you’re down. You’ve got to make up your losses. It can seem like the logical thing to bet bigger.
After all, you need to recover what you’ve lost, right?
This is another time you need to use logic over emotion.
The game doesn’t know you’re down, and it’s not going to pay you any better because you’ve lost some money. The odds are still the same.
To minimize your losses, you need to stick to your plan. Keep your bets at a level that you’re comfortable with.
If you must make a change, move to a different machine or a different table, but not one with a higher bet.
Better yet, take a break. Walk outside, get something to eat, or have a drink. Then return with a clear head and see what happens.
You Don’t Take Care of Yourself
It’s so easy to get caught up gambling. Before you know it, the sun’s gone down (or come up), and you haven’t eaten in hours. Your throat is dry and your head hurts.
To make good decisions while gambling, you need to take care of yourself. If you need to, set alarms on your phone to remind you to get up and get something to eat. Have a drink. Take a walk outside.
Sitting for a long time isn’t healthy, either. Stand up, stretch, and sit back down refreshed and ready to play.
If you’re drinking, keep an eye on how much. Intoxication will not help you make good gambling decisions.
If you’re tired, hungry, and cranky, you can get erratic in your play. Your blackjack strategy might slip. You might not hold the right cards when you’re playing video poker. Most importantly, you stop having fun.
Take care of yourself and keep your gambling experience fun.
Conclusion
Even the most seasoned gamblers can sometimes get caught up in the game. Don’t beat yourself up for coming home empty handed. It happens.
What’s important to consider is your overall gambling.
How much did you win or lose over the past month?
Or the last 6 months?
If you review your gambling and find your losses to be more than you anticipated, consider changing things up. If you’re uncertain of what games you might enjoy, try an online casino to get a sense of how different games work and what strategies work the best.
Losing 400 At Casino
Do your research. Ideally, do this before you head out to the casino. If you bet on sports, check stats on the internet before you place your bets. Most casinos also have their rewards programs online, so you can see what they offer and take full advantage of it.
Most importantly, stick to your plan. Keep your betting steady, and don’t take out more money to win back what you’ve lost. It’s better to take some time and return with a full stomach and a clear head.
Please enable JavaScript to view the comments powered by Disqus.