Gambling Money
Free money can be used prior to making the first deposit on a particular gambling website. Max cashout limits are usually quite low so that gamblers could request withdrawals. Wagering requirements vary depending on a gambling website you’re currently accessing. Gambling has become a $40 billion dollar a year industry in the United States. From 1974 to 1994-20 years-the amount of money Americans legally wagered has risen 2,800 percent, from $17 billion.
About 85% of adults in the U.S. Have gambled at least once in their life and the gambling industry takes in about $500 billion a year. What might be news is that as many as 23 million Americans go into debt because of gambling and the average loss is estimated to. There are, however, other ways to win real money without risking any of your own cash. Look of for no deposit free spins and no deposit bonuses, which give you the opportunity to play real money.
Introduction
I get asked a lot about Money Management in gambling. It is not a topic I address often, because money management is just mathematical voodoo. What you can expect to lose gambling is the product of the total amount you bet and the house edge. It does not make any difference how you break up your total amount bet. Given the same game, the expected loss is the same making a million bets of $1 and one bet of $1,000,000.
While money management does not change expected loss, given the same game and total amount bet, it can affect variance. Here are some money management strategies, according to what your goal is.
Player 1 plays for the social aspect of gambling, not so much to win. He prefers to bet conservatively, minimizing his risk of losing, while at the expense of likely not winning either. This player should flat bet. In other words, his wagers should be the same every bet, or close to it.
Player 2 is a risk seeker who wishes to either win a lot or lose a little. Of course, with a high winning marker, and low losing marker, it is more likely to achieve the losing one. The appropriate strategy for player 2 is to press his luck after wins, letting them ride. Most of the time the player will hit a loss before reaching his winning goal, but sometimes hit a good run and parlay his wins to whatever makes him happy.
Player 3 is a small win seeker, at the expense of the chance of a large loss. There are many betting systems that cater to this goal, but they all press bets after losing, until there is a win. Often this player will leave the casino happy for reaching his modest winning goal, but the occasional large losses will take back all the small wins, and more.
Gambling Money Lines Explained
Judging by the ratio of expected loss to total amount bet, all betting strategies and money management systems are equally worthless. How much you bet and why should depend on the reason you are playing in the first place. Whatever form of money management you choose, once a bet is made you should always follow the best mathematical play. Finally, never pay for a betting strategy. As mentioned, they are all equally worthless, so you may as well use one of the free ones easily found on the Internet.
Gambling Money Clip
Written by: Michael Shackleford