The general idea of both land-based gambling as well as online casino gambling is, first of all, to have fun. If you can afford to lose the money you gamble with, that’s great. If you can’t afford to lose the money you gamble with, that’s also great. The problem occurs with the desire to win your money back. It doesn’t matter how hard you try to bet, you will not win it back. If you can’t afford to lose the money you gamble with it’s great! You can still gamble. The problem occurs when you get to the point where you can’t afford to lose the money you gamble. Then, a part of you will always want to win it back, but another part of you don’t want to. Sometimes you will win part of it back, and sometimes you will lose it back. This continues until you finally reach the point where you can’t afford to lose the money you gamble.
The DoubleCraps Strategy is one that works well for many players. This is also another way to enjoy gambling guilt-free. By betting double, you not only get to double the amount of money you bet, but you also get to double your tax liability! Any money you win, you will be able to put it in your pocket, and anything you win over and above your tax liability, you will deposit in the government’s coffers.
Be that as it may, the Double Craps Strategy works best when the player bets the table minimum. At a $5 casino, for example, you must bet the table minimum (usually $1) every time you bet. You can increase your bets with your profits, but you should always bet the table minimum until you have a large enough bankroll to double your bets at a $10 table. Unfortunately, there’s no way to tell how much your bets need to be increased, and what your starting bankroll will be.
If you’re a fan of the wheel, you can even play the 7meter. By betting on roulette, you’re set to win money in the long-run. These bets work well, but you need to know how they work. We’re going to bet that over the long run, you’ll win significantly more than you’ll lose. (We’re not going to talk about bets, or which numbers you should or shouldn’t bet on in roulette. We’re going to assume that the odds are even, and that you have an even chance of either winning or losing.)
John provides a simple chart that demonstrates the relationship between the various betting levels and the house edge. You can calculate the house edge, guaranteed, just by taking the eight and dividing it by two. (The number 8 is a bit tricky to calculate; it’s a ratio of the number of 1’s in the deck, and the number of 0’s.) The house edge is simply the number by which the house edge over your bet is greater than your bet against the house. Money management is also helpful; you need to calculate your long-term winnings, and your long-term losses, and figure out what your average win per hour is. Based on this information, you can tell how to play the game, and how to bet.
Pssst…! Now you know the secrets of Double Solitaire!