The Top 8 Gambling Rules

Gamblers have always been looked down by a large part of the society. With the expansion of gambling in the online space, and a lot of popular TV shows, has changed the view of gambling completely.

The establishment of thousands of casinos round the globe has played a pivotal role in changing the perception of common people. In the end, money matters and if you want to earn money as a gambler, then there are certain rules that you have to stick to.

In this article, we will briefly look at a few rules that a gambler needs to consider.

#1-Thorough Knowledge is Important

Learn the game thoroughly before setting out to the world of gambling. Professional gambling takes quite some time to master. It is important to know the basic rules. The equation is simple, the more you practice, the better you get. Before throwing your money, ensure that you have the required skills to tackle the challenge of professional gambling.

#2-Set your Limit

Once you get proficient in the game, it is time to set some limits. Money management is one of the toughest jobs in gambling. It is wise to remember that gambling cannot become your livelihood; it should only be treated as a source of entertainment. Therefore, setting your limits before you start gambling is important.

#3-Cheating is not Cool

No matter whether they are friends or a casino, cheating can land you in trouble. If you try to cheat in a casino and get caught, you might well find yourself in jail. As per cheating friends, ask yourself whether it is worth it for a mere $5? If you play your cards smartly, chances are you will win a lot of
pounds. Stooping to a low level will not only be an insult, but will also be a disgrace for you.

#4-Borrowing is a Very Bad Idea

In your endeavour of chasing the lost money, never borrow funds from friends. This is an extremely bad move. Chances are, you will keep losing and by the time you finish, you will find yourself in deep trouble.

Act sensibly, and refrain from the practice. If a day is not going your way, just leave the casino and move on. Not all gamblers win every day, so just take it easy.

#5-Keep a Check on your Emotions

Do not hit the gambling table if you are not in a very good frame of mind. Gambling demands a great deal of focus and attention. If you are emotionally disturbed, go watch a movie, or do something that will de-stress you. Gambling needs sound reason. Emotion is the worst enemy of reason. Stick to your rules such as getting out at the right time, not chasing the lost money, and holding on to your bank rolls.

#6-Don’t Fall for the Insurance Traps

Gambling insurance is a very bad option. It sounds tempting for those who are just starting off. The reality is that the chances of you winning the bet through the insurance of the house are very low. Hedging a bet is not a very smart option, so refrain from doing it.

#7-Make Best Use of the Player Card

Player cards are crucial, use them as often as you can. There are players who are of the belief that their player cards do not bring good luck or they simply forget their card. This is not a very smart practice. Make the best use of your comp card and maximise your chances of winning.

#8-Do Not Get Drunk

Drinking and gambling have a direct correlation. Sadly, most drunk folks end up on the losing side. Drinking reduces your ability to think logically, hence, try to abstain drinking. At times, the house offer drinks for free, politely say no and move on with the game.

 

A Beginner’s Guide to Online Betting on Horse Racing

It takes time to get used to the art of betting on horses. Before discussing betting, let’s try to understand some basic jargons that go around the race course. Wagers are of two types namely, straight and exotic. The former is nothing but betting on a horse to come first while the latter lets you place multiple bets on different horses. Not to mention, exotic wagers are more expensive and requires a high level of understanding about horse picking. That being said, the payoffs are way more than straight wagers.

Straight Wagers Jargons

Win: You are betting on a particular horse to win the race.

Place: In this bet, you are betting on the fact that the horse chosen by you will either finish first or second.

Show: It means the horse you have selected might end up in the first, second or third position.

Across Board: This means that you are betting on all the three options stated above. This isn’t a good bet for a beginner and it is advised that you refrain from it.

Win/Place, Place/Show: As the name suggests, you can make multiple wagers in one bet.

Exotic Wagers Jargons

Exacta: This is the bet where you can bet on two horses to some first and second simultaneously.

Quinella: In this bet, you are predicting about any two horses, which can either come first or second in no particular order.

Trifecta: In this bet, you are betting on any three horses to come first, second or third in a particular order.

Superfecta: You are betting on four horses, which are likely to finish first, second, third and fourth in a particular sequence.

Know Your Teller

There are two types of teller- human teller and automatic teller. Often, you will find big lines in the automatic teller section. The human teller operates with greater speed and accuracy. It is advised that as a beginner you choose the human teller. So, what do you need to do next? It’s pretty simple; as you go near the counter, do not forget to mention these four details:

  • The race number and the track on which it is going to happen
  • Your bet amount
  • The type of bet you are going ahead with
  • Program number of the horse.

Online Betting

While there are many theories of doing it, you should do the following to ensure that the odds are in your favour.

Study the Class Levels: There are essentially four classes of race-maiden races, claiming races, allowance races, and stakes races. The horses might move around the classes. Try to find the winning percentage of a horse in every class and then place your bet.

Study Past Performance: Study the performance of your favourite horse in different racetracks. If you find that a particular horse has performed well in a particular track, place your bet accordingly. It is unwise to take chances if you are a beginner.

History with the Jockey: Specific jockeys tend to perform well with particular horses. Track the history of the jockeys to increase your chances of winning. Bet on the jockey who has done well with a particular horse. Make sure that you study the performance of a jockey before placing your bet.

Consider the Odds: The favourite horse will have the lowest odds. It is strictly advised that you do not place your bet based on past performance of a horse. The statistics are as mentioned below.

  • Betting on the favourite gives you 33% probability to win
  • Betting on the favourite place gives you 53% probability to win
  • Betting on the favourite show gives you 67% probability to win