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HOW TO GET RICH GAMBLING � A STRATEGY
Gambling is a lot of fun. It�s a great source of entertainment, tests the skills and patience of a player, and can be a simultaneously rewarding and thrilling experience. Ultimately, if comes down to winning. After all, no one likes to lose, and the big draw of casino gambling is the chance to win big on your favorite casino games. Have you ever stopped to think how you could win real money playing at a casino? It might not be immediately apparent how to get rich playing high stakes poker, craps or slots games.
We�ve all heard of the various casino guides, online strategies and gambling books that supposedly teach players how to beat the house edge or hack the system. The truth is that it is easier said than done. Professional gamblers will tell you that it takes years of practice and experience in order to see consistent returns in their game.
However, the good news is that it is not impossible. There is a lot of information out there as well as useful tips that help players gain the upper hand when it comes to hitting the casino floor. Here at Planet 7 Online Casino we�ll show you the ultimate strategy on how to get rich gambling.
1. YOU CAN USE THE HOUSE EDGE
When it comes to casinos, there is one unavoidable truth that each player must face � the house edge. This is not a matter of opinion, but a mathematical certainty. The more time that you spend playing casino games, the higher the probability is that you will lose money. Despite this probability, it does not mean that you cannot win. There are of course short-term anomalies, such as hitting a coveted jackpot or a dealer having a bad night. However, your best bet as a player is to memorize the house edge for each casino game and improve your gambling skills. Over time, these two factors will help bend the rules in your favor, and can be the difference between winning and losing. Let�s start with a list of popular casino games that have the lowest house advantage (in order from best to worst).
Video poker (perfect strategy) +1.0% to <1.0%
Baccarat <1.0%
Craps ~1.0%
Blackjack <2.0% (expert strategy)
Single Zero Roulette 2.7%
Slots 2-10%
Big Six, Keno 11-24%
2. HOW TO WIN REAL MONEY
Now that you know where to start, what�s next? You�ll need to set up a gambling budget and bet appropriately for each game that you choose to play. Not all casino games pay out the same, for instance a large wager on a straight bet in roulette will give a much bigger payout compared to placing a large banker bet in baccarat. The odds and payouts are different, and after doing a little bit of homework on what the payout odds and percentages are for each bet (for each game), you�ll have a better idea on what to play, and what to avoid. Read on to find out more!
3. YOU MUST AVOID SLOTS AND LOTTERIES
Anyone who visits a casino will undoubtedly have their senses bombarded by the cacophony of slot machines that permeates the casino floor. Their flashing lights and clinking of falling coins lure players to insert their tokens and game cards, and to take a seat in front of the spinning reels. Slot machines promote huge megabuck and jackpot wins, but the truth can be something altogether different. Slots machines have some of the worst odds in a casino. Statistically, your odds of hitting a jackpot on casino slot machine are very poor.
Although you could technically win $1 million on a progressive slot machine, the odds are so astronomically high that you�ll have a better chance winning $1 million by wagering $100 on roulette and doubling your bet every time you win. Even roulette can fail you however, because in order to win a million you would have to win a whopping 17 times in a row. This is easier said than done. Although your odds of winning 17 times in a row in roulette straight bets are not good, they are still better than the odds for winning a slots jackpot or lottery.
According to the math, your chances of earning $1 million on a table game like roulette are about 1 in 120,000. Seems poor, but your chances of hitting a jackpot on a slot machine are a mind-blowing 1 in three million! Realistically, no player should depend on slots or lotteries for those big wins, but consistent small wins over time can increase your bankroll.
4. YOU MUST BE PATIENT
This might seem like a no-brainer, but one of the most important aspects of how to get rich gambling is to have patience. Realistically speaking, the ability to attain consistent returns is about looking at the total sum of your wins, and not their size. It may take a while to win real money and get rich gambling, but the sure-fire way is by slowly increasing your funds. After all, no matter how small, profit is profit.
Just like any good investor, gamblers will formulate their gaming strategies based on long-term objectives. It is important not to rely on get rich quick schemes, as they are volatile and come with high risk. These include making huge bets on games with high odds, like spending thousands of dollars buying scratch-off tickets or pooling hundreds of dollars into lotteries in hopes of coming out on top with a big win. This is a foolish endeavor because statistically the odds are against you. Patience is key; follow the more effective ways to win real money. Read on.
5. YOU CAN SEEK HIGH LIMITS AND PLAY HIGH STAKES
Start incrementally, and make bets that have the best odds. Below we�ve listed the safest bets and casino games that have lowest house edge. If you are willing to wager on bets that have a higher probability of winning, this is a reliable way to gradually increase your bankroll. As your bankroll increases, you can allot larger portions of it for tables that have higher limits. Land-based casinos have high roller rooms that allow for some mind-blowingly large bets. Although the wagering requirements vary from casino to casino, you need to have some serious credit or cash on hand to be able to play with the whales. We recommend avoiding these.
Seek out table maximums that are within reason. These can be as low as $50 at small casinos in Las Vegas, whereas large casinos can have table limits as high as $10,000. The famed Golden Nugget in downtown Las Vegas for instance permits $15,000 bets, and the legendary Caesars Palace has three tables with bets between $5,000 and $50,000.
Back in the days of Benny Binion, at the famed Binion�s Casino, gamblers could make a one-time bet of any size as long as it was their first bet. The most famous case is that of William Lee Bergstrom, also known as the �phantom gambler�. He placed the largest bet in casino history (at the time) of $777,000 and won (!) in a game of craps. If you think you have what it takes then games like hold�em, baccarat and roulette are your best choice to increase your bankroll rapidly. Unfortunately, with great reward comes great risk. So if you�re willing to bet a large amount, keep in mind that you can encounter bad luck. Choose your tables and bets wisely
6. YOU MUST MAKE NOTE OF GOOD AND BAD ODDS
Let�s look at the bets Planet 7 Online Casino recommends that you make. Remember the lower the house edge, the better your chances of winning. If you want to succeed in increasing your bankroll then you need to make the following bets.
GOOD CASINO BETS/GAMES (BEST ODDS):
- Odds bet (craps) � house edge 0%
- Blackjack � house edge 1%
- Banker bet (baccarat) � house edge 1.06%
- En prison (single zero roulette) � house edge 1.35%
- Don�t pass line (craps) � house edge 1.36%
- Pass line (craps) � house edge 1.41%
- Pai Gow Poker � house edge 2.3%
- Even money bets (roulette) � house edge 2.70%-5.26% (European vs. American)
BAD CASINO BETS/GAMES (WORST ODDS):
- Insurance bet (blackjack) � house edge 7.4%
- Basket bet (roulette) � house edge 7.89%
- Tie bet (baccarat) � house edge 14.36%
- Proposition bets (craps) � house edge 5-17%
- Big Six Wheel � house edge 11-24%
- Live Keno � house edge 25%
- Side bet (Caribbean stud) � house edge ~26%
7. ODDS OF WINNING MULTIPLE BETS IN A ROW (1 IN X)
We�ve listed the odds (1 in x) of winning multiple bets in a row for some of the most popular games in a casino with an initial bet of $20. As you can see, the odds become very high the more times you wager your winning amount. However, if you are extremely lucky or are on a winning streak, it will quickly make you a millionaire. Though the odds are not in your favor, it is statistically possible. Just ask Patricia Demauro.
8. YOU CAN DOUBLE YOUR BETS
There are table games that will allow you to double your initial bet or even your winnings. Based on how large your initial bet is, you could end up walking away with a whopping payout, and depending on how many times you choose to double your wager your bankroll can rise meteorically. The following are a list of the double bets:
- Double or nothing (video poker) � you double your winnings after a winning hand, and can continue to double if you feel lucky
- Splitting cards (blackjack) � if you double your original bet, and win on both hands, you multiply your original bet amount by 4 times
- Double down (blackjack) � you double your wager if you feel confident that you can win before the dealer reveals their hand
- Even money bets (roulette) � these are the outside bets (red/black, odd/even, high or low numbers)
- Column bets (roulette) � these designated to the three sets of 12 numbers that appear at the end of a number column; payout 2:1
- Odds bet (craps) � This bet generally pays out 2:1, but if you�re lucky you can find tables that will offer this bet at 5:1, 10:1 and even 100:1 odds. It doesn�t increase your chances of winning, but if you lay down a handsome bet at 100:1 odds, you come out with a massive win without increasing your probability of losing. It�s a very good bet!
9. YOU CAN TURN PRO
Professional gambling is a legitimate profession, and many players that have the skills can make a serious living travelling the world attending the various table tournaments to compete for big pots. The most famous of these are poker tournaments. Players like Sam Trickett, Michael Mizrachi and Gus Hansen have taken professional gambling to new heights and can tell you that it is possible to become a millionaire if you have the skill and the mental fortitude to gamble professionally.
Turning pro involves a combination of managing social dynamics, budget, having talent as a player, and betting smart. This applies to all forms of gambling whether it is poker, dice, blackjack or billiards for instance. Turning pro also comes with many benefits. Casinos look forward to players who have the ability to drop large sums of money at their establishments when gambling, and offer incredible incentives for such players; just ask Don Johnson. The casinos simply hope that these guys do not come out on top.
10. YOU CAN PARTICIPATE IN WSOP
Speaking of tournaments, and if you are a fan of poker, your best bet is the World Series of Poker. Each year, thousands of players gather to participate in the world�s most popular high stakes poker tournament. Last year, the jackpot at the WSOP main event was over $8 million (this number has been exceeding in previous years). The runner-up earned roughly $4.7 million in winnings, and if you placed in the top 9, you would have earned at least $1 million. Not a bad payday.
Granted, winning is not easy. As a player, you go head-to-head against the best poker talent in the world. However, with an average 7,500 entries in the tournament, statistically your odds of winning come out to about 1 in 800. Unfortunately, these odds only apply if you are as equally skilled as your opponents. If you are up against someone like Phil Ivey for instance, your odds become significantly worse.
The good news is that if you put in enough time and effort practicing the intricacies of poker, you can dramatically increase your skills in comparison to the average player. For instance, if you register for a free Planet 7 Online Casino account, you can utilize the free instant play feature to practice.
Pro tip: the buy-in for the WSOP Main Event is $10,000. You can earn this money incrementally by playing popular poker games online at Planet 7 Online Casino.
11. YOU CAN COUNT CARDS IN BLACKJACK
If poker isn�t your thing, blackjack is your best bet for how to get rich gambling. No, this is not a �hot to get rich quick� scheme. There are certain advantages to playing a card game like blackjack. For starters, your odds of winning are significantly increased if you are a skilled player. Blackjack combines a combination of skill and luck, and with the perfect strategy, you could end up winning big.
This is where card counting comes in. One of the biggest misconceptions about card counting is that it is illegal, this is not correct. Card counting is simply a form of advantage play, which is legal. It is not however a way of making a lot of money quickly. It takes math, time, and patience, and you can make serious money with it. It does not take a genius to card count efficiently. Anyone can learn it with the right tools. The reason why it is particularly effective in blackjack is that blackjack is the only game in a casino where previous decisions will influence future results.
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