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Numbers Every Gambler Needs to Know

No one remembers the maths class from their school days. But there are some numbers which are super important to the gambler is he wants to take home any winnings.

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The Numbers Every Gambler Needs to Know

If you want to be a better gambler, then a basic understanding of mathematics is a given. If you’re like most people, then your math knowledge is probably pretty poor. Most of today’s adults are completely illiterate when it comes to even the simplest of sums or calculations. But the numbers that you’ll need to learn are not difficult. But they are essential if you want to win at the casino. We’ve listed six of the most important number for you to know. Knowing these will certainly help increase your jackpot winning chances.

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Numbers Every Gambler Needs to Know: Casino Edge Numbers

As we’re sure you already know, the casino makes its profit from the house edge. Depending on the casino game being played, you can find a high or lower house edge. But always keep in mind, that the casino will always have an edge against you, whatever you play. They are a business after all.

We also know that the odds of winning are stacked against us. And yet we still continue to gamble. That’s because it’s the process, the excitement that comes with the build-up of expectations, along with the fact that we can actually win real money once in a while. To that end, most gamblers are relying on simple luck. They have no idea of what the house edge is on any jackpot game they’re playing. We suggest that you know the house edge before you start to gamble. Then you’ll begin to see a hierarchy of percentages that go across the whole spectrum of casino games. So knowing the house edge for each activity will help you determine exactly how much you can expect to lose.

Long-Term Expected Results

If you know the house edge and how much you’re going to bet, then it’s easy to calculate your expected losses. This formula allows you to see these over the course of any length of time, be it one evening or over the course of a month or a year. The formula is; the casino edge times the total amount wagered. For example, you’re playing baccarat and betting on the player’s hand. We already know that the casino edge for baccarat is 1.24%. Let’s then say that your average betting amount is $40. Then let’s say that you play 60 hands each hour and you play 10 hours each week. So you’ll need to multiply 1.24% x $40 x 60. The result is your expected losses every hour and will be $29.76.

The expected loss for a week using the above example is: the above total of $29.76 x the 10 hours you play weekly. That equals $297.60. Now it should be clearer to you that even with such a small house edge the numbers can grow very quickly indeed and you losses likewise. That’s why you should seek out games with a low house edge or a means whereby you can cut out the house edge altogether.

Numbers Every Gambler Needs to Know: How to Determine Card Odds

Any game that uses regular playing cards is going to be easy to calculate the odds of certain cards being dealt with next. We suggest that you buy and then study a simple deck of cards. As a jackpot winning strategy, this might seem like a waste of time, but a proper understanding of your tools is a basic requirement of any profession. Let’s say that you’re playing real money blackjack. The dealer has an ace. So how likely is it that their face down card is a ten? Well, now that you’re an expert of a deck of cards, then you’ll know that the deck contains 16 that are worth 10 in blackjack. There are also 36 cards that are not worth 10 points.

So it follows that out of the 52 cards in the pack, 16 are worth 10. So the ratio of 10 card points and non 10 card points is 16 to 36.

For a different gaming example, let’s look at video poker. Let’s start off with you having gotten 4 hearts. You’ll exchange your 5th card for a new one. So…what are the odds that the 5th card will also be a heart? You know that the deck contains 13 hearts of which you already have 4 in your possession. So there are 9 left in the deck. As you know the value of these 5 cards, it means that there are 47 unseen cards. That means that 9 out of a possible 47 cards are going to be hearts. it’s this type of information that’ll help you make better choices. And once you understand the odds, you have a much better chance of winning.

Percentage of Bankroll to Risk

Looking after your bankroll is one of the most important, if not the most important aspects of gambling. After all, if your bankroll gets depleted down to a big fat zero, then your gambling is done for the day. So it’s important that you set yourself limits before you hit the casino floor. By keeping a firm eye on your wins and losses, you’ll know exactly where you stand financially at any given moment. This is one of the most important jackpot winning tips and tricks and will help ensure you’re not dipping into monies which might be earmarked for other, more essential things. Here’s an example of the amount you might be needing and how to spend it.

Now, let’s imagine you’re off for a three-day break to Las Vegas. Your plan is to hit up the blackjack tables every day. Now, you’ve already played in those casinos before and so already know that the house edge is 0.5%. Let’s say that your average wager is $25, and you play around 50 hands per hour. You plan to play blackjack for 20 hours over the course of your three-day stay. With this, we can determine what your overall losses might look like.

Following on from the sums we already performed above, we have 0.5% x $25 x 50 x 20. All in all we get an expected loss of $125. Over the course of a 20-hour gambling binge, this isn’t so much to lose. Just remember to bring at least 4 x your expected loss, though 10 x would be even better if you can afford it.

Numbers Every Gambler Needs to Know: Bankroll Amount

Whether you’re a high roller or just a part-time or weekend gambler, one thing you need to keep in mind is that no matter how large your bankroll, it’s never going to be enough to change the house edge. In the long term, virtually every bankroll will dwindle down to nothing. But that’s all in the nature of gambling in itself. Though you might go to the casinos to win the jackpot, as long as you’re having a good time and can afford those losses when they come, then all is good. If you’re playing basic strategy and are an advantage player, then the size of your bankroll is important. Your bankroll needs to be big enough to survive some bad streaks.

Conclusion: Numbers Every Gambler Needs to Know

Hopefully, you’re now more aware of the importance of simple math in the playing of casino games. If you can calculate the house edge for each game, then you’ll actually be saving money in the long term. And as your gambling isn’t just a flash in the pan, then it’s there long term factors that become more and more important each day.