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One of the more popular betting systems says to double your bet until you win. Only two problems here: you might not win until you hit the table maximum, or you might just run out of money first.

The best money management system is time-honored and very simple: Bet less when you are losing and more when you are winning. Easy to say, hard to do. The casinos know that if they get you in a place where you are losing steadily, the chances are that you might start to “chase” your losses with even larger amounts of money in an attempt to get out of the hole you’ve dug. Advice: go slowly and don’t try to hit home runs.

The key to being a successful gambler lies in the word “control”.
When you have control over your gambling, your visit to a casino (online or otherwise) can be an entertaining and hopefully profitable experience. However, in order to keep gambling fun, you should always remember the following:

Only gamble with money you can afford to lose.
Set your limit for winnings and for losses before you begin to gamble and stop once you reach that limit.

Never chase your losses.
By adhering to tried and tested playing strategies and sharpening your skills, you can prolong your entertainment, and improve your odds at the casino.

If you realize you have a problem, don’t be afraid to contact organizations that can help you. After all, you’ve already taken the first step. Gamblers Anonymous provides problem gamblers with a support system to help them through the difficult times and can put you in touch with a support group in your area. Contact them at: www.gamblersanonymous.org

Attitude is everything.
Maintain self-control, and whether you win or lose at the casino, you will always be a winner!

Going on tilt – or steaming – means starting to play in a way that you normally would not, especially when you’re losing. It’s not uncommon to see poker players lose a series of pots and begin to lose control as well, staying in hands where they should fold in an effort to get their money back. This is called ‘going on tilt.’ It happens in all games. The gambler who doubles his blackjack bets after losing is the same type of person.

Going on tilt can cost you plenty. Never gamble with money that will create intense emotion if you lose it. Professional gamblers never sweat the money and they NEVER play with the rent. Some good advice for all players: If you’re stuck in a losing streak and not having any fun, the answer is NOT to double your bets, but to take a break–or maybe even call it a day.

If you want to become a professional gambler at some stage, you couldn’t have been born at a better time. Modern computer technology allows you to place bets over the Internet on a wide range of sports, whether it’s the Superbowl in the United States or the Grand National in the United Kingdom. There are also an increasing number of Internet casinos you can visit and play online, either for fun or profit.

No longer is it necessary for you to have access to a local casino or bookmaker in order to become a professional gambler. All you need is a computer, an Internet connection, and the required skills and knowledge.

If you have those, then you can begin straight away. Choose your own hours, practice what you have learned, and let your knowledge and skills provide the stream of gambling income you have always wanted.

Money management

Anyone can walk into a casino and make the right bets and know how to play them, but without sound money management techniques, you can still end up going home broke.

Money management is your life-line to getting home with some semblance of your starting bankroll. Otherwise, you’ll be hanging out in the lounge, tapped out, trying to score free drinks.

Therefore, below are money management rules I live by when I’m out trying to procure a little from the big guys. They will work if you rigorously apply them.

• First, never bring your entire bankroll with you to one gambling session. You need to have a daily gambling budget. Start by dividing your bankroll by the number of days you’ll be gambling. Then divide your daily bankroll into the number of sessions you will be playing each day. This is now your single-session bankroll. Don’t bet tomorrow’s money until tomorrow comes.
• Set a goal of winning between 50 to 100% of a single-session bankroll. Then set aside your original bankroll plus half your winnings. Now play with the remainder and continue to set aside additional winnings.
• Use a winning progressive method of betting by setting a predetermined percentage increase for each winning bet and sticking to it. For example, I increase my winning bets by 50% after the second win: $5, $5, $7, $10, $15, $22, etc. I continuously flat bet (table minimum) when losing.
• The casino’s goal is to create a fantasyland experience for its patrons. One wily way is to devalue your money by having you bet chips instead of legal tender. Think of the deceptive nicknames chips have. A $5 chip is a “nickel” and a $25 chip a “quarter.” Your best self-defense is to continue to bet with your own greenback. This way you’ll always realize its genuine value.
• If you do turn your bankroll into chips, take a moment and carefully think about the exchange. You must always treat chips as hard-earned cash-like the money you save for your child’s college tuition, mortgage payments or your retirement.
• Never increase your bet when losing. A double-up-to-catch-up strategy simulates a lamb being led to slaughter.
• Discipline is not only a significant part of being a successful gambler but probably the most important element of money management. You must set loss limits and win goals. Example: When losing half your session bankroll (loss limits) you walk, and when doubling your money (win goals), consider doing the same.

Useful Gambling Tips

Here are tips that will help you have a more enjoyable and rewarding experience when gaming at web-based casinos.

Know your casino
Choose the casino you are going to play in carefully. Always play at casinos with quality customer service in case problems arise. Try asking a question before making a deposit to estimate response time. For more information about choosing a casino, click here.

Know your game
Not all games are created equally. There is almost endless information both on the web and in print to help you know and understand the odds you face in any given game and the strategies that will help reduce the house edge to a minimum.

By researching the games you like to play, you can give yourself a significant advantage when playing the casinos. For example, if Blackjack is your preferred game, find online blackjack strategies and learn the best ways to beat the dealer. All casinos make their profits from players making the wrong decisions. Although you cannot guarantee your win, you can give yourself a much better chance. There are even strategy guides for games such as Roulette so have a look around before you bet on big money.

Most reputable casinos have a link to an audit of their games odds. These third party audits list the average player return on the various games, and are a great way to see what pays out the most and what games to avoid.

Take advantage of special offers.
Special offers are there to attract new players to the casinos. You might as well take advantage of these until you find your perfect casino. Some are as high as $200 free. This will help you to place larger bets and win BIG! If redeeming a bonus, be sure to check the terms on cashing out beforehand. Certain bonuses at online casinos require you wager certain amounts before cashing out.

Another advantage of gambling online is the free games. Try playing for free at new casinos before playing with real money. This will allow you to try all their games out risk-free.

Play to a budget
What exactly does that mean? Let’s say you’ve got $500 and you expect to gamble twice a week for the next couple weeks. That’s $125 per session and that’s your budget for any given session. Put the rest away, forget about it and enjoy the money you’ve got in front of you. DO NOT under any circumstances touch another day’s bankroll. If you lose all your money, walk away and come back another day.
This is how you remain a happy and successful gambler and not an ongoing loser.

Play only with money you can afford to lose
Gambling on The Internet is much the same as gambling in a land based casino and the same rules apply. Upon entering the casino you should only deposit money, (ideally from a credit card) which you can afford to lose. This way you guarantee you are not going to gamble away your car or your clothes.
We’ve all heard and said it before: only gamble with money that you can afford to lose. Anything you can’t afford to lose – like the rent money – is called “scared money” because that’s what you’ll be if you even get close to betting with it. And scared gamblers are losers-in-training. If you play this way you may well need professional counseling. Gamblers Anonymous and The Internet Gaming Council’s Helping Hands are ready, willing and able to assist troubled gamblers.

Don’t play while under influence
The casinos know way it goes: you booze – you lose.

A stoned/drunk/coked-up gambler is, and this is a big under statement, a lesser player than they would be straight. Why do you think the brick-and-mortar casinos give the drinks away?

Remember that nothing beats a game of chance
If you want to find out how useless the fancy betting systems are, try them out on a “Free” game for a while and you’ll see how far they get you. Guaranteed way to beat Roulette, or Craps, or the Lottery, or Keno? Martingale, Fibonacci, whatever grand name they have, they all spell “lose faster” not “win more”. The only possible way to guarantee that you’ll walk away a winner from these chance games is if they are fixed.

Play by the numbers not by hunches and gimmicks
If you’re playing to win, know the odds of your game and play accordingly. The numbers may be less thrilling, but they are your roadmap to avoiding the losing plays. Hunches, ESP, clairvoyance, tealeaves, remote viewing and divination are all sorry secondary choices to the mathematics of your game.

That “insurance” bet in Blackjack: house edge around 6%. The so-called “crapless craps”: again, about 6%. The side bet in Caribbean Stud: over 25% house edge. What’s the moral of this story? Aside from knowing your game and being highly familiar with the odds you face, the moral is “forget the gimmicks”. Sure there’s the occasional exception but in general the “add-ons” to the basic games are sucker bets, remember, the casino knows its business.

Start out small and work up
If you start with a $25 deposit, gamble small $2 stakes to begin with. This will give you the ability to get a good feel for the game and the casino. This will also allow you to double your bet when there is the opportunity without risking too much. If you win a couple of hands in a row and you are comfortable with the casino, you should increase the bet, preferably after putting some of it aside. There’s only one way to win big money and that is risk big money, but again only what you can afford.

Take the winnings and run
Before you start playing have a plan for when to stop. This certain time varies between players. Some decide to quit when they’re up by 50%. Others bail when the tide turns and they lose 20% of their winnings. Some when they’ve doubled their session bankroll. Whatever your decision is, it’s important to have one (only one) and stick to it. Otherwise you’ll just keep playing until you can’t and by then you’ll have lost all the money you won. Forget getting even, forget the big cash, enjoy what you have won. Greedy players make big losers.

Expect to lose
On practically every bet you make in whatever game you play, the house’s win is designed right into the rules of the game. Casinos do not depend on luck to stay in business. That edge generally means they’ll be the winner a lot more often than you will be. You can find and play games where the house edge is 1.5% or less but you’ll have to do your homework to find them.

Have fun
After reading all these tips there is one important thing to remember. Unless you’re a professional player with a proven track record, you’re playing for the pleasure of it. For 98% of players casino gambling is fun pastime – you’re spending money to be entertained. If the fun stops, so should you.

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