Many songs and quotes have been released on the benefit of quitting while you are ahead in gambling. If you know what’s best for you then you had better heed this advice because you can lose it all in a flash.
In this article we are going to share with you the 3 main reasons why you should quit while you are ahead in gambling.
The house will always win in the long run
It’s no secret that when it comes to gambling, the odds will always be in favor of the house therefore regardless of how much of a winning streak you are enjoying, you must be cognizant of the fact that the house will carry the day in the long run. Therefore when you break even and make something on the top, be sure to quit before you lose it all to the house.
Understand how winning and losing streaks work
Gambling has two trends that every gamble should be aware of. You are likely to experience a winning streak for a while which will then be followed by a losing streak. With this knowledge, you better know that your winning streak can be snapped in an instance followed by a losing streak. This therefore means that if you are ahead, quit before the losing streak kicks in.
Losing is a reality in gambling
In gambling, your chances of losing are usually higher than those of winning therefore you must never carry the expectation of winning big when gambling. Having this in mind, you will realize that you are more appreciative of your wins and you will find it much easier to walk away even while ahead. In the long run, you will realize that your wins are much greater than your loses.
We rust that this has been an insightful piece and therefore next time you will find it much more easier to quit while you are ahead.
Many gamblers struggle with the issue of winning odds when it comes to gambling. At the end of the day, in as much as most of us gamble just for the thrill of it, we want the extra benefit of winning.
In this article we are going to share with you a few insights on how to increase your winning odds. Pay very close attention.
1 It’s very important to understand how the odds are decided on
When you hear of the term odds of winning, you must always realize that the bookmaker tasked with the duty of coming up with the odds does not formulate them based on your probability of winning but rather based on their prediction of how most of the gamblers will play. It’s therefore a good idea not to be distracted by the odds but rather focus on your own game play and insights.
2 Always stake in more than one game
The reality about gambling is that the more you diversify your bets, the more you increase your probability of winning. Therefore, don’t stake all your money on one game, make a point of staking in at least two or three other games.
3 Keep emotions out of your gambling
Gambling requires a good strategy, good intuition as well as luck. It has nothing to do with emotions. However strongly attached you may be to a particular game, never stake your money on it if you are not good at it.
4 Learn how to play the games
This should probably be rule number one but we have put it at the tail end so that you remember it. It’s paramount that you take time and learn how the different games are played before you stake your money. This is because in gambling, luck alone doesn’t cut it as you must first be a good player.
If you keep these points in mind, you are sure to improve your odds of winning in gambling.
As the debate on whether or not to legalize or illegalize gambling rages, we are of the school of thought that this should not even be a debate as gambling has more benefits than it has disadvantages. Let’s face it, nothing on this earth is perfect and just like everything else, gambling has its downside which we are cognizant of. However does it warrant so much hullaballoo? We think not.
Through this article, we are going to share with you 3 reasons why we strongly feel gambling should be legalized world over.
1 Legalizing it will make it safer
In many jurisdictions where gambling is illegal, there are quite a lot of vices associated with illegal gambling and this is giving law enforcers sleepless nights, not to mention gambling enthusiasts who have to risk their money and even lives to engage in gambling in the backstreets. All this can be put to an end if only gambling was made legal.
2 It can be an additional source of revenue for government
As opposed to governments continually burdening citizens with huge taxes, gambling offers a good alternative. This is a multibillion dollar industry where governments can reap big through taxation. When gambling is legal, everything will be above board including the hundreds of millions that exchange hands through the different gambling platforms.
3 It will be much easier to encourage responsible gambling
When the world finally recognizes gambling as the good pastime activity it is, many gambling enthusiasts will not have to engage in gambling in hiding. This will make it much easier to encourage responsible gambling because it will be an open conversation subject that families, friends and relatives will engage in.
There you have it, our three arguments for the legalization of gambling. We trust that we have been able to convince you that gambling is a good thing.