5 Underrated Ways Smart Gamblers Win More Money

By in Casino & Gaming on
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Win-More-Money

I’ve always thought the best way to learn how to do something was to find someone who already did it and learn what they do. So when I wanted to find out how to win more often when I gambled, I started looking for winning gamblers.

I found that smart gamblers do certain things that losing gamblers don’t. In this post, you’re going to learn about five of the things I found out about smart gamblers.

The best thing about the five things that smart gamblers do covered in this post is you can get started immediately. None of the five tactics requires years of study or practice.

1 – They Don’t Bet Against Big Odds

Would you bet $10 for a chance to win $10 if you had a 50% chance to win? Would you bet $10 to win $10 if you only had a 45% chance to win?

Most people are willing to make a bet that pays even money if they have a 50% chance to win. So, in the long run, you break even making this kind of wager.

On the other hand, most people say they aren’t interested in making an even-money wager if they only have a 45% chance to win. But this is the type of bet that people make in casinos every day. And when people buy lottery tickets, the numbers are worse.

I’m not telling you to stop buying lottery tickets or to stop gambling in casinos. But you do need to know how bad most of the bets you make are. Smart gamblers know which wagers offer the best odds, and they know which bets they need to avoid because of bad odds.

Smart gamblers don’t usually invest heavily in the lottery because the returns and odds are so bad. You also don’t find many smart gamblers sitting at slot machines for the same reason.

Instead, you find smart gamblers at the blackjack tables where they face low odds or at the poker table where they can use their mind to have a chance to win.

If you want to gamble like a smart bettor, you need to find the wagers with the best odds and avoid making any bet with poor odds. Making bets with low odds won’t always make a profit, but it’s going to reduce the amount of money you lose by a significant amount.

2 – They Understand Gambling Numbers

In the last section, you learned that making bets with better odds improves your results. You also saw a question that included numbers about a 50% chance of winning and a 40% chance of winning.

But do you know what those things mean?

You don’t have to know a lot about math, but you do need to know what a few important numbers mean in gambling if you want to have a good chance to win.

The word odds is thrown around in gambling all of the time, but most gamblers don’t know what it means. And part of the problem is that odds can mean more than one thing.

Odds are just a different way of displaying a chance of something happening. I prefer to use percentages instead of odds, but you can use either. For example, if something happens six out of 10 times, the odds are six out of 10, and the percentage is 60%.

Other important numbers to understand in gambling are return to player percentage and house edge. Every bet you make in a casino has a house edge, and the edge is a percentage that the bet wins for the casino. So, for example, a bet with a house edge of 2% wins $2 for the casino on every $100 worth of bets.

Return to player is the percentage of wagers that a bet returns to gamblers. For example, a bet with a 98% return gives back $98 out of every $100 risked. If you’re paying close attention, you can see that the house edge and return to player are two ways to show the same thing from different sides.

You need to start learning about the important numbers in gambling. The more you learn about gambling numbers, the better decisions you can make when you gamble.

3 – They Use a Bankroll and Strict Limits

Using a bankroll doesn’t directly relate to how much money you win or lose, but it does something that’s even more important; a bankroll tracks how much you win or lose. So if you’re not tracking exactly how much you win or lose, how do you know if you’re making progress?

Limits are important, though they mostly work to limit your losses instead of increasing how much you win. But limiting losses is important because it helps your bankroll and gives you more money to place bets.

The types of limits you should use include:

  • Loss limits
  • Time limits
  • Win limits

4 – They Find and Exploit Advantages

In an earlier section, I asked if you’d be willing to bet $10 to win $10 if you had a 50% chance to win. So what would your answer be if you could bet $10 to win $10, and you’d have a 51% chance to win?

If you could make a bet like this, you’d want to make it as often as you can. As long as the game is fair, you’re guaranteed to make money if you can stay in the game long enough.

You might not believe that casinos offer any bets like the example, but smart gamblers make bets like this all of the time. You just need to know how to recognize when you can get an advantage and learn how to take advantage when it happens.

For example, if you see a dealer who shows you a card that’s supposed to be face down by accident, you need to use this information. Or you can learn how to count cards when you play blackjack or learn advanced poker strategies to help you win when you play poker.

Finding an advantage when you gamble is hard, but there are advantages available if you know how to look for them. And sometimes you can create an advantage.

For Example:

If you bet on a football game with two different people and can bet with a different line with each person, you can lock in a tie or win, depending on the final score. Here’s how this works. You bet on the home team and give four points with one person, and bet on the road team and get six points with another person.

When the home team wins by exactly five points, you win both bets, and if anything else happens, you win one bet and lose the other.

5 – They Make Sports Bets Without Paying Vig

Did you know that you could bet on as many sporting events as you want and break even if you didn’t have to pay vig? All you have to do is make bets using the point spread, and over time you’re going to win close to 50% of the wagers.

If you know how to evaluate games and find the right lines, you can win more than 50% of your point spread wagers. But if you have to pay too much vig, you might still end up losing money in the long run.

Smart gamblers learn how to evaluate games and lines so they can win more than 50% of their point spread bets, and they learn how to place wagers without paying vig. Of course, you can do these same things.

It’s easier to find opportunities to place bets on sporting events without paying vig than learning how to evaluate games in a way that lets you win more than 50% of your spread bets.

The easiest way to bet without paying vig is to ask everyone you know if they like to bet on sports. The more people you ask, the more people you’re going to find that are willing to bet with you. It doesn’t take long to build a network of gamblers you can bet with.

Evaluating sporting events for betting purposes is called handicapping. The handicapping skill takes a lot of effort to improve, but the only way to improve is to try to improve.

Conclusion

You don’t have to spend years looking for ways to win more money when you gamble. And you don’t have to get a Ph.D. in strategy or math. All you have to do is make a few small changes.

The best way to learn what you need to do to win more is closely watch what smart gamblers do. The five underrated ways that smart gamblers win more money listed in this post are a good place to start.

Choose one thing that smart gamblers do and start doing the same thing. Once you put one strategy in place, add a second strategy. Eventually, you can add all five smart gambling tactics listed in this post.

Michael Stevens

Michael Stevens has been researching and writing topics involving the gambling industry for well over a decade now and is considered an expert on all things casino and sports betting. Michael has been writing for GamblingSites.org since early 2016. ...

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