Know The Stats Surrounding Certain Games
Not all games at a casino are created equal. Some games let you fare better than others. So in order to not feel like you’re destined to lose all your money, it’s good to know which games have a greater chance of returning your money back to you.
According to Andy Prescott, a contributor to ArtOfBeingCheap.com, Blackjack has the greatest payback percentage at 99.25 percent. Following Blackjack is Craps with a 98.6 percent payback rate. These large rates mean that, on average, you only lose a small amount of money each time you bet. While you can win big, that’s the exception, not the rule. This is why picking the right game for you is vital to not losing all your money when gambling.
Know Your Initial Cash Limit
One of the best things you can do to not lose a lot of money at a casino is to set an initial cash limit for yourself. Depending on how much money you’re willing to spend on this form of entertainment, the amount you choose to bring will vary. But keep in mind that by sticking to the amount that you’ve previously chosen to spend, you have a much smaller chance of spending more than you’d like. Ryan Craggs, a contributor to Thrillist.com, shares that the best way to ensure you won’t go over your limit is to bring the money in cash and never visit the casino ATM.
Know When To Cash Out
If you’ve beaten the odds and won more money than you came with, it can be tempting to just let your luck ride. However, this way of thinking can become a slippery slope for losing not just your winnings but the money you came with as well. So to take full advantage of any luck you may have struck, a contributor to Listverse.com recommends also setting a threshold for cashing out. Depending on how willing you are to part with your money or your winnings, you may choose to cash out once you’ve doubled or tripled the money you brought with you to the casino.
To ensure you don’t leave your next casino trip feeling disappointed or depressed, use some of the tips mentioned above to never lose your shirt gambling again.