The bookies and online casinos ensure that the odds are always in their favour. That’s how they make a profit, and it can be tough to get the better of them – especially if you’re just winging it and hoping to land a few wins along the way. If you don’t have a well-thought-out Strategy or limits in place, you could end up in trouble.
However, there are a few things you can do to help increase your chances of winning and taking away a substantial profit for yourself. You just need to learn a few hidden tricks and secrets of the trade. That’s what we’re going to discuss here – so pay close attention to these tips and tricks and you could come away with a big haul despite betting small.
Betting small can help you win big
If you’re going to gamble, it’s a good idea to do it in a way that improves your chances of winning while minimising the risk. In other words, you want to win as much as possible without losing more than you bargained for. There’s one key strategy that works time and time again – and that’s to make smaller Stakes on long shorts, or large wagers on “sure-fire” results.
The most common mistake gamblers make is to bet a higher amount than what’s required for the highest pay-out. The truth of the matter is that whether you’re playing online or in a real-life casino, playing for high stakes always makes you lose money faster. On the other hand, betting less gives you more control of your money.
Much of the time, casino games will pay you the same odds no matter how much or how little you bet – so it’s better to assume you have the same chance of winning or losing no matter if you bet £10 or £100.
Betting with a fixed amount
Gambling is not a sure way of making money. It’s all about strategy and luck – and despite the success stories of million-dollar wins that get everyone excited, it really is the best idea to stay within your limits. That means deciding on a fixed amount of money you’re ready and expecting to lose. Remember, never take out more money to reclaim what you lost when you were gambling. This is likely to lead to you losing more money, and you might overstep your boundaries.
Lessen your risk of losing more than you are comfortable with my setting yourself a budget and sticking to it. It’s easy to get caught up in the excitement of an online casino or playing slot machines at a live casino. Either way, you need a budget.
Using the small bet strategy in real lifeFor an interesting example of how making small bets can work as a strategy, look no further than sports writer Simon Inglis. Inglis wrote the book Played in London, which was shortlisted for some major awards. As part of one award, he received a free £1,000 bet.
It’s worth noting that prior to this, Simon had very little experience at the bookies or casinos. On a whim, he decided to give it a go and would stake just £20 each week. He had a clear budget in mind and never went above it. He walked into his local bookies, bet the £20 on football or horse racing and left.
It was this budgeting strategy that helped him to make a profit margin of 18.5%, and he turned £1,000 into £1,185.48. Simon recommends other gamblers to follow a similar strategy of betting small, fixed amounts only. As he put it: “bet with your head, not your heart.”
Betting low stakes roulette
Roulette is one of those casino games that everyone loves – but not everyone wants to risk losing one. Whether you’re playing online or real-life roulette, the rules and game strategies remain the same. The only issue is that it often requires higher stakes to play. But low stakes roulette features lower value chips so you can put single or multiple bets without risking a great fortune.
Low stakes roulette suits smart gamblers. They don’t want to risk a lot, and they stick to a fixed budget. Playing this version of roulette instead of normal roulette reduces your chance of losing large amounts because you don’t have to bet big. You can keep the stakes low and comfortable and within your pre-set budget, and employ roulette strategies such as the Martingale, Paroli and D’Alembert. It’s also a great option for players who are new to online gambling or casinos in general.
It’s an enjoyable game to play because you get the full roulette experience – and all the excitement of the spin of the wheel and rolling of the ball – without the high stakes. It plays the same way as a standard European roulette, but with much lower table stakes and wagers. You can bet on a variety of outcomes including number spreads, pocket colour and odd/even numbers.
There’s a range of bets such as a numbered bet, which is the most common and refers to when you wager on what number the ball will fall into – and you can find out more about your chances of winning in this guide to low stakes roulette.
The verdict: don’t put all your eggs in one basketMany gamblers use staking plans with hopes that it’ll help them win big. And one staking plan that can provide success is the level stake. In other words, risking a fixed unit per bet. Level stake refers to when a player risks the same amount of money with each bet. The main reason this staking plan is recommended is that it helps minimises losses. If you’re not betting higher amounts with each turn, you’re not losing higher stakes.
A similar strategy is the risk staking plan, which ensures an equal win and equal risk. If you’re implementing this strategy, you need to consider the odds. So, your stakes are depended on the odds while keeping the risk and potential profits the same. In addition to this, wagers have fixed limits, which is a good idea if you want to stay within a budget.
It’s clear that staking small amounts can not only minimise risk at whichever gambling tables your playing, but also give you more bang for your buck overall. Try it next time you’re at the poker, blackjack or roulette table and see if it gives you the upper hand.