You can beat the casino. Want to bet?
There are different types of gamblers who play casino games. Some are optimistic, believing that blind fate and the powers of the universe will allow them to win big. On the other hand, some are pessimistic, believing that the casino has taken measures to minimize their chances of winning.
Ideally, we believe that a gambler should be realistic. Whilst chance is the major determinant of whether a gambler wins or loses, there are some methods that can be used to increase your chances of beating the casino.
If you want to be in a better position than ever to win at a $1 minimum deposit casino, you should gamble strategically, do research, and recognize your biases. That ensures you are all set to maximize your chances of a lucrative payout.
During the rest of this article, we will be offering some tips on how to beat the casino, explaining our logic and justification in the process.
Tip #1 - Avoid slot machines that are cheap to play
Bill Zender, an esteemed casino game consultant and performance manager, is not a big fan of penny slot machines. In his experience, he has found that the odds of winning on a penny slot machine are 15%-20% less than on machines that require at least $5 to play for the top jackpot. Bill goes as far as to imply that playing on these machines amounts to nothing more than throwing money away.
As such, our tip for how to beat slot machines at casino platforms is to play on the more expensive slot machines and to play for the biggest jackpot on offer.
Image obtained from Pixabay
Tip #2 - Quit whilst you’re ahead
The seminal figures of cognitive biases, Daniel Kahneman and Amos Tversky, famously described a mental bias known as The Gambler’s Fallacy. This fallacy describes the phenomenon whereby individuals believe the probability of a random event occurring in the future is linked to the random events which have occurred in the past.
When gamblers start to accumulate winnings at a casino, they often start to believe things like ‘this is my night’ and ‘I can’t lose tonight’. This is a dangerous train of thought, as it can prevent gamblers from capitalizing on a profitable evening.
Kahneman and Tversky also discovered the ‘house money effect’, where prior gains encourage people to engage in risk-seeking behavior. In layman’s terms, gamblers are more likely to gamble with money that they’ve won rather than money they have earned.
As counter-intuitive as it sounds, gamblers often don’t think of lost gains as lost money. However, the loss of winnings equates to the loss of real money.
If you have a good night at the casino, quit while you're ahead.
Tip #3 - Work on your video poker skills
Out of all the casino games on offer, video poker has been shown to be the one where casinos have the lowest inherent advantage. Players who have become extremely proficient in video poker have been known to win regularly and to win big.
Suffice to say, reaching the necessary skill level is far from easy, but it certainly is possible. In the modern digital era, there is a seemingly limitless number of tutorials and guides available to help gamblers strengthen their video poker skill.
Tip #4 - Learn about the Return to Player metric
Beginners tend to think that all slot machines are created equally. However, this is not the case. The Return to Player (RTP) metric is the percentage of all wagered money that a slot machine pays back to the players. In essence, a slot machine with a higher RTP pays out more money to gamblers.
Almost every reputable casino review website will outline the RTP value of the slot games. Do your research and find the slot machines with the highest RTP.