Your goals when you start gambling are yours to set, but it’s a good idea to make 1 of your goals as a new gambler to not lose too much money. It’s easy to get caught up in the excitement of the possibility of winning money and end up losing too much.
It’s always a good idea to stick with the smallest bet amounts that you can, and each of the 6 safe bets for first time gamblers listed in this article can be made for low stakes. The only other thing you need to be careful of is making these bets too many times.
1 – Buy 1 Powerball or Mega Millions Ticket
The fastest way to start gambling without risking very much money is to buy a lottery ticket. And 2 of the biggest lottery jackpots every week are the Powerball and the Mega Millions. These jackpots are often over $100,000,000 and tickets only cost $2.
The other great thing about buying a lottery ticket to 1 of these games is that you can buy a ticket and then wait until the drawing, which can be a couple days away.
A big problem many new gamblers have is they bet too much. While they might bet too much money, what I mean here is that they bet on too many decisions.
They play slots and instead of making 1 or 2 bets, they make 1,000 bets.
As a first time gambler you need to bet a small amount of money and don’t bet very often. This is what makes a lottery ticket the perfect first time gamble. You bet $2 and wait for the drawing to see if you win anything.
Even if you buy a ticket every day you’re only risking $14 every week. Most slots players risk $14 every couple minutes.
2 – Bet on a Sporting Event and Watch the Game
This is 1 of my favorite ways to gamble, and I’ve done it many times over the years. I get together with a friend, or group of friends, and we watch a game. Before the game starts we place a small bet on the game.
This makes the game more fun to watch and keeps everybody interested because they’re rooting for the team they bet on to win. And the best thing about doing this is that you don’t have to bet much money. The last time I did this I bet $10. You don’t even have to bet this much. A dollar or 2 is enough to make a game more interesting.
I suggest using the point spread lines posted by the online sportsbooks so the bets are fair, but you don’t have to do this if you don’t want. You can quickly find the lines for upcoming games by doing a quick search on your computer or smart phone.
Another way to bet on sports if there are more than 2 people who want to bet is use a small pool system. You can draw teams from a hat or break a game up by halves, innings, or quarters.
3 – Bet on Black, or Red
A good way to make your first bet is to take a trip to the casino and find the roulette table. Roulette tables have several bets that pay 1 to 1 when you win that have an almost 50% chance to win.
The 2 most common bets like this, called even money wagers, are on either red or black. Every roulette wheel has 18 spaces that are red and 18 spaces that are black. All you have to do is find out what the smallest bet you can make at the table is, place this amount on either the red or black space on the felt, and wait to see where the ball lands on the next spin of the wheel.
Roulette wheels have 37 to 39 total spaces, with the most common wheels having 38. You have an 18 out of 38 chance to win a red or black wager on 1 of these wheels. This means that you have a 47.37% chance of winning.
If you can find a roulette wheel that has 37 spaces, your chance of winning goes up to 48.65%. While they’re hard to find, a few roulette wheels use a set of rules that makes your odds even better. These are called French rules wheels.
4 – Play a Hand of Blackjack
Blackjack is another game that gives you close to a 50% chance to win on every hand. And you can play a hand of blackjack for $5 or $10 in most casinos. You can even play a hand for $1 in many online casinos.
And if you get lucky and hit a blackjack on your hand you can win 1 ½ times your bet.
Here’s the Thing That Trips up Many First Time Gamblers at the Blackjack Table
They can’t stand just playing a single and. While this is ok if you have a lot of money you can afford to lose, the best way to get started is play a single hand and walk away.
If you want to have an even better chance to win make sure you’re playing at a blackjack table that pays 3 to 2 for blackjack and use a strategy card. A strategy card shows you the best play on every hand you can get, and this gives you the best odds when you play blackjack.
The other thing you can do is play free blackjack at an online casino to practice using your blackjack strategy chart. This won’t cost you any money, and you can still have fun, even though you’re not going to win any money.
5 – Buy a Raffle Ticket
While raffle tickets aren’t usually the first thing that people think about when they want to gamble, they’re a great way to support a cause that you want to support and have a chance to win something.
Many organizations sell raffle tickets to raise money for their cause. Many schools and sports teams sell raffle tickets, as well as many other organizations that are doing good things in the world.
Some raffle tickets have cash prizes, but many are for other prizes. My dad won a car from a raffle ticket 1 time, and I’ve won smaller prizes from raffles over the years.
The odds of winning from a raffle ticket vary based on how many tickets are sold, but they’re usually not a good investment over the long run. But they also usually don’t cost too much, and like I mentioned earlier, you can support a school or cause that you care about.
I’ve bought raffle tickets that cost anywhere from $1 to $20, and I’ve seen some that sold for as much as $100. I recommend sticking with the tickets that are $20 or less so you’re not risking too much money.
6 – Buy 1 Bingo Card
I don’t play a lot of bingo, but everyone else in my family loves to play. What always interests me when they go play bingo is that they never play just 1 game. I used to ask why they couldn’t just play 1 game, and the answer was always that they got a great deal by buying a bunch of games in a package.
While this is a great way for the place running the bingo games to get people to play more games, from a player standpoint it’s just a scam. You can play a single game of bingo if you don’t fall for the sales pitch that claims you’re saving a bunch of money by buying more cards.
How can you be saving money by spending more money? A single bingo card costs $2 or $5 and a package of cards costs $20. Which is less expensive?
Beyond my rant about packaged bingo cards, the fact is that bingo games are somewhat like the lottery or keno. You can make your first bet for a low cost by playing 1 bingo card, and it takes a while to see if you win.
It’s a good idea to dip your tie in the water the first time you gamble instead of diving into the deep end of the pool. The 6 safe bets listed in this article all let you start with a small bet, and in many cases give you close to a 50% chance to win.
The key is to not get fascinated and gamble too much during your first experience. It’s good to make 1 blackjack bet, but if you get hooked and play for 4 hours you’re much more likely to lose.
Use moderation when you start gambling and you’re going to save quite a bit of money.
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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