While to a newcomer, gambling may seem to be a rather haphazard pastime, it actually comes with its own set of unwritten rules that serious gamblers stick by.
The reason for this is that once the rules are broken and the mark overstepped, such gamblers can find themselves descending into a downward spiral of problems. These can include rising debt, loss of friends and family, loss of respect from others and loss of self respect. So here are some of the basic rules of gambling that all gamblers have self-imposed upon themselves.
Expect to incur losses. All forms of gambling are stacked in the favour of the house, so no matter how good you think you are, you will still lose overall. That is unless you get lucky and pull off a very big win. Even then, if the mark is overstepped, even a very substantial win can be eventually lost again.
Never bet more than you can afford to lose. This is a mainstay of serious gamblers and one which keeps most of them out of mischief. Always set yourself a limit to which you can go up to and never go beyond it. If your bankroll is dwindling fast, then consider stopping as once it’s gone, it’s gone. To add to this, you should never borrow money to gamble with, no matter how tempting the bet looks.
Learn to work with the odds on each game. This is essential to knowing what the true chances are in each game. Odds exist for a reason and that is to inform both the house and the gambler of their chances of winning as all casino games are based on probability.
Don’t place any faith in so-called betting systems. When you’re dealing with a game of chance, there is no system that will give you an edge as each spin of the wheel or roll of the dice has exactly the same chance of turning up any result as the previous one. Equally, avoid side betas and insurance bets, as these are loaded in favour of the house.
Shop around for the best odds and house rules. Different casinos can place a varying house edge on some games or take less commission on banker type games such as Baccarat. Its worth checking out several casinos to see which offers the best deals before settling on one you like.
Lastly, gambling is best when it’s treated as a form of entertainment, so enjoy it!