How to Avoid Losing Money at the Casino

How to Avoid Losing Money at the Casino


Gambling is a fun and entertaining activity that has been in practice for thousands of years. Gambling allows players to wager their money on different outcomes and stand a chance to win extra bucks. As exciting as this sounds, there's also a possibility of losing your hard-earned money if things don't go as expected. In this write-up, we have compiled a list of tips and tricks to help keep your losses to the minimum at the casino.

Always Practice Bankroll Management

Playing casino games or gambling generally involves using real money. Therefore, players must plan their finances accordingly or risk losing everything to the casino. The first step is to separate gambling money from funds for other crucial expenses. Don’t gamble with money that you cannot afford to lose.

After setting aside a gambling bankroll, it's advisable to divide it into smaller units to use in every casino session. For instance, if it’s a C$700 budget per week, divide it into daily C$100 units. The idea is to avoid using more than the betting unit you have. Avoid dipping your hands into tomorrow’s budget after depleting the current allotment.

Look at the House Edge

The house edge is basically the mathematical advantage that the casino has in all casino games you play. For example, European Roulette's house edge is 2.70%, meaning the casino will take C$2.70 from every possible C$100. So, the lower the house edge, the more your chances of winning a wager on the game.

But things can be a little confusing with slot machines. Titles such as Wolf Gold by Pragmatic Play have a 96.01% RTP. To find the house edge in slots, subtract the RTP from 100%. In the case of the Wolf Gold game, the house edge is 3.99%.

It's also wise to play skill-based games like blackjack and poker, although they have a learning curve. Players can use skills like doubling down, splitting hands, card counting, and so on to lower the house edge. Some poker titles can even give players negative house edge values if they use an optimal strategy.

Play Using Casino Bonuses

Online casinos come with lots of goodies for players. Besides offering unmatched convenience, most gambling sites reward players with free bet credits. New signees are welcomed with a match deposit bonus, no deposit bonus, and free bets. Loyalty is also rewarded with free spins, tournament invitations, VIP treatments, etc.

Use these free offers to place wagers at the casino without spending a dime. But bonuses are not entirely free. In most cases, the casino will include wagering requirements, which is the number of times to play using the credits before cashing out.

Like, if a C$50 bonus has a 30x wagering requirement, you must play with C$1,500 before withdrawing any winnings from the bonus. Other conditions include the expiry date, bet limits, qualifying games, etc. Read the small bonus print before claiming the reward.

Last Words

These are some clever strategies to help you reduce the losses at the casino. But whichever approach you take, it's critical to know that all casino titles are games of chance. So, lower your expectations about winning. Have fun and treat the winnings as bonuses unless it's a jackpot!
Good luck!