When it comes to online gambling, the most important thing that you should always remember is just how much money can be made. In every game that exists in a casino, sportsbook or poker room, there are techniques and strategies that can help you win more money than ever before.
Whether it’s card counting or learning how to use advanced betting systems, there’s always a way to generate more income from your favorite casino games.
Betting a Fixed Percentage
“One of the first betting techniques that you should experiment with is a fixed percentage. What this essentially means is that you’ll be wagering the same amount on every round of a game regardless of how much money there is to gain or lose,” says Mr. Ong of WS88, an sg online casino site.
If you take blackjack for example, if your wager was $20 and you made a total of $80 profit, then your next bet will be for $20 again instead of risking everything to maximize your winnings.
This rule can also apply to a lot of other games including poker games or any other casino game where the house edge is high enough that you’ll make more money in the long run by playing in a conservative manner.
“The main advantage of this betting technique is that you’re not going to make drastic changes to your bet sizes depending on how much you’re winning or losing. The downside however, is that you may end up making smaller profits and never really see the full potential of a game,” he added.
Betting Based on Your Bankroll
The second most profitable betting strategy that you can discover is betting based on your bankroll. This basically means that the more money that you have in your bank account, the higher the stakes that you should be willing to take and vice versa.
This might not be a good idea if you’re playing online poker games due to its variance, but for blackjack or video slots for example, the more money that you have in your account balance, the higher you can increase your wagers and profit faster.
The main advantage of betting based on your bankroll is that it allows you to take bigger risks depending on how much money is currently in your account. The downside however, is that if you do make a bad bet, then you can lose a lot more money than normal which is why this betting strategy is only recommended for games with low variance.
The Martingale Betting System
The next most profitable betting strategy that you can use in any sg online casino games is known as the Martingale system. This has been considered by many as the best way to bet in a casino or online gambling site because it’s easy to learn and always profitable in the long run.
The Martingale system basically means that your betting increases whenever you lose and goes back to normal when you win. For example, if you’re playing blackjack and lose with a wager of $10, then you’ll increase to $20 for the next round. If you lose again, then your bet will be increased by another $10 which means that now you’re risking $30.
What makes this betting strategy more profitable is that it allows players to have a lot of ‘room’ in their bets without having to risk too much money at once. The downside however, is that this betting system could be really risky in the short term especially when you lose a lot of money in an instant.
Betting Against the House Edge: The Parlay Strategy
The final betting strategy that I’m going to be covering today is known as betting against the house edge. This basically means that you’re taking advantage of a casino game’s bad odds such as in slots or instant win games.
One of the most effective ways to do this is by making a parlay. A parlay is basically a group bet that you’re placing on several games at once such as roulette and blackjack for example.
The biggest advantage of betting against the house edge is that you’ll always have an extremely high probability of winning your bets which means that you can win a lot of money quickly. However, the downside is that if your parlay loses, then you could lose a lot more money than normal which is why this betting strategy is only recommended for experienced players.
This particular strategy is recommended for those players who have mastered the art of calculating odds and probabilities. For instance, you can either choose poker or blackjack and start playing by betting on a 60% chance hand (known as “odds”). Remember that your chances are actually higher than 60%, but in order to make this work you need to place a few winning bets in a row.
The following example, let’s say that the player places two $1 bets on a 60% chance hand (odds). He then wins his first bet, so he’ll collect $2 and place another one of the same size on the same table. But now he’s also holding three $1 bills, which gives him a 60% chance of winning another bet.
All in all, this adds up to six chances out of ten (60%) that the player will win his last one and make his strategy work, but note that the other four chances are defined by luck and cannot be pulled off by calculation.
The five betting strategies mentioned are considered by many as the most profitable possible ways for players to maximize their profits in casino games. Mr. Ong emphasizes that it’s important that you remember that using them isn’t always easy and you might have to experience losing a few bets before you get the hang of them.
Also, betting strategies only work if you’re playing low variance games such as blackjack or roulette for example. If your bet size is too big then you could lose everything that you’ve made in an instant which is why it’s important to practice.