Don’t Let Casino Trickery Turn You Into an Irresponsible Player

Oh, those who think that casinos should run their business and still let everyone win – and still pay the bills! Human beings are becoming so entitled. If you ask casino patrons on a bad streak, they will say the casino is up to something – they aren’t winning – and it’s the casino’s fault.

Listen, casino gambling is a recreational activity, with the vast majority of games offered having a skewed advantage to the house – we all know it, we just sit at that slot machine, riding that trip down the river of denial.

An article by Dr. Harrigan, the lead researcher and contact person for the University of Waterloo Problem Gambling Research Team. His primary research interest is in gambling addictions with a focus on why so many slot machine gamblers become addicted. In his article, he deals with many factors that the “Casino Industry” is basically trying to make addicts out of all of us – real, concerning, and a serious topic for potentially addictive gamblers.

So, how do casinos entice the individual gambler into gambling more? One way, to reference Dr. Harrigan’s article, is that the casino is not truthful about how much the slot machine pays. I’ve got news for you – hold on to your hat – that’s why it’s called “gambling!”

Big Win – Everytime?

Dr. Harrigan’s article says “…..on modern slot machines, half of ‘wins’ are actually net losses. An example would be a $1 bet with a 30¢ payoff. This is a loss of 70¢, but the machine shows bright graphics and makes sounds announcing a win. Researchers call these events Losses Disguised as Wins (LDWs) and have clearly shown that players experience these as actual wins, giving the players the (incorrect) positive feelings that they are winning.”

No kidding. The invention of video slots gave the impression of lots of small hits instead of waiting longer for bigger hits in reels. Bonuses also play in this game – individual hits can be small more often due to the chance and volatility of hitting a bigger bonus. We all wait to hit THE BIG ONE! Lotteries, the worst odds of all, wouldn’t be so popular – but we want the chance to hit the BIG ONE! In the longer run, the real problem is that the payout percentage continues to be lower throughout the country. Why? Because as a culture, we still intend on being constantly entertained, so it doesn’t matter to most players. We know the games pay less – but we like the fun, so we play them anyway. Why would so many people settle for 6/5 blackjack? or 6/5 JOB Video poker? Or Keno?

Caveman Keno

Doesn’t the responsibility on which games to gamble on rest on the shoulders of the gambler? YES!

Shouldn’t gamblers that play often be responsible enough to KNOW the best games, best strategies, and the pitfalls of high casino-advantage games? YES

So, be aware of the “tricks” (or maybe they are just good business practice) and take responsibility for your gaming. If it’s not fun anymore, contact GA, tell the casino to not allow your entrance (which casinos do to help addicted gamblers any time you feel you can’t control staying away) and seek help.

It’s not a black and white situation. It is neither solely the casino’s fault or the addict’s – it’s a gray area, more complex than any single blog could summarize.

So, be careful, be smart, be knowledgeable, and go to the casino with a money management plan for your visit every single time. This way you limit the “trickery” of those casinos, and also help to either leave with money, or at least lengthen your bankroll’s life.

That’s all for now.

Binbin

Taxes – A Quick Gambler’s Guide – Part 2

In part 1, I suggested to not have the taxes taken out immediately after hitting a jackpot over $1200. Instead keep a log and get win/loss statements from the casinos you play at the most.

Let’s see what the IRS thinks:

Your gambling winnings are fully taxable and must be reported on your income tax return, says Mike Dobzinski, a spokesman for the Internal Revenue Services. He has five tips for gamblers:

1) Gambling income includes winnings from lotteries, raffles, horse races, and casinos – whether it is cash or the fair market value of prizes such as cars and trips.

2) Gambling operators are required to give you Form W-2G, Certain Gambling Winnings, if you win $1,200 or more in gambling winnings from bingo or slot machines and more than $5,000 in winnings (reduced by the wager or buy-in) from a poker tournament.

3) Report all gambling winnings on the “Other income” line of Form 1040.

4) Claim your gambling losses up to the amount of your winnings on Schedule A, Itemized Deductions, under “Other Miscellaneous Deductions.” You must report the full amount of your winnings as income and claim your allowable losses separately. You cannot reduce your gambling winnings by your gambling losses and report the difference. Your records should also show your winnings separately from your losses.

5) Keep accurate records. “If you are going to deduct gambling losses, you must have receipts, tickets, statements and documentation such as a diary or similar record of your losses and winnings.”

Two things keep coming up in my research. Keep good records, logs and receipts – and that win/loss statements aren’t good enough by themselves. Remember – all wins AND losses are taxable!

Don’t make any royal tax mistakes. That’s all for now!

Binbin

3 Viewpoints For Enjoyable Gambling

Another losing gambling session?

I once read a self-help book called “Why Your Life Sucks” by Alan H Cohen. I guess I was in a dark place, or maybe looking for a different perspective on things. In any case, it was really quite good and pointed out many life “wake-up calls” to help us enjoy the life you were meant to live. It’s funny and informative, but most of all, it forces you re-evaluate the choices you have made, and how you can make better choices in the future.

So, I was thinking, “how many people leave the casino grumpy, as if losing is a huge surprise.”

Leaving Las Vegas - usually a quiet plane ride.

Leaving Las Vegas – usually a quiet plane ride.

Whether you visit from the east coast, or the closer west coast, the plane rides to and from Las Vegas are very different.  Excitement builds with every minute right through to your first bet.  But the plane ride home from Vegas is so quiet and sullen compared to that excitement and hope on the ride out there. Go figure….So, does your gambling suck?  Do you know why?  Maybe it’s because you don’t embrace the realities of the gambling industry. It’s time to look at your casino trips differently with the following three suggestions that will enhance your experience:

1) “Fortune isn’t something that happens to you, it is something you create”

So, you really think that recreational gambling is going to get you millions? I don’t think so.  But, there are things you can do that will enhance your visits, like:

  • Know the best strategy for the games you play
  • Take advantage of free play and multiplier reward points / tier points days
  • Don’t overplay you bankroll to gain higher status. Keep to your bankroll.

If you ever get a chance to follow Cousin Vito’s Podcast, Your Guide to Enjoying Gambling, you know Vito always ends with a statement that sums this all up.  It’s from the Roman Statesman Seneca, and goes like this:

So true. Thanks for the quote, Vito!

2) “Don’t get involved in the dark side” of gaming.

Losing at Gambling?

Guess what, the gambling industry is a business and like any other business, it needs to make money to continue. So:

  • don’t expect perks that you don’t earn
  • don’t expect the casino to insure your winning because you’re a good customer
  • expect loses
  • And stop thinking conspiracy and fixed machines. Look up what a random number generator does (RNG) , and how the house advantage is built in without switching machine computer chips or throwing that famous “switch upstairs” that immediately changes machines from loose to tight. Be knowledgeable about the industry instead of continuing myths and superstitions to make yourself the poor victim.

3) “It’s not what happens to you that counts, it’s what you make of what happens”

I’ve heard this so many times.  You have a choice in how you assess an experience, and then a reaction to it.  You can choose either to enjoy and learn in a positive manner or bitch and complain, making yourself miserable (as well as those around you you!) SO:

Shooting at the Craps Table - have fun whatever your game is.

Shooting at the Craps Table – have fun whatever your game is.

  • Enjoy the wins.
  • Enjoy casino employees who know the meaning of good service and are friendly.
  • Enjoy the excitement of breaking even – yes even. By breaking even, you’ve beaten the house advantage. Sure, it’s not what we are all looking for, but if you play for a few hours and break even, be happy for the free entertainment, the rewards points you’ve accumulated, and the free beverages you’ve consumed.

Now, back to the casino, but this time with an open mind, an awareness of the business and new flexible expectations. Acceptance could be the key to a happier gambling experience.  Knowledge and reality is the foundation.

That’s all for now.

Binbin

16 Casino Do’s & Don’ts

Casino Entrance sign

So, your friend or family member offers to take you to a casino for your very first time.  But, never having been before, you haven’t a clue about what to do when you get there.  So, here are some quick suggestions for you newbies out there, or maybe a refresher course for the rest of you.

1) Know how much money you can wager and lose.  Yes, that’s right, lose.  Know your Bankroll. Approach it as entertainment first. Remember, if you’re not an Advantage Player looking to make a living, it’s recreation.th (33)

2) Know the rules of the games you might play.  If you can, get a free app on your smart phone or tablet and play a little before you go.

3) Decide if your trip is for gambling only, or it’s to enjoy all that the casino experience can  offer. You can spend sometime dining, shopping or watching live entertainment. These are good activities too. Just don’t gamble in casinos to make your trip productive.

4) Sign up for a rewards card.  You may get a free slot play bonus, or get freebies for eats later on. You could get free tickets to a concert, and if you play enough to raise your level of card, you could get additional things from a special parking area for your card level, to entrance into a VIP lounge.  th (26)

5) Be contented with small casino wins. First timers usually lose more in casinos. Breaking even in casinos is generally considered a win.

6) Check the local newspaper for advertisements, or check the web on the best deals in casinos.  netime-logo NECANETimeGambling often lists promotions and New England casino news on Twitter and Facebook.  Sign-up bonuses, double points, giveaways, dining deals – they’re all for the taking.  Go where the whole experience will be great, not just the gambling.

Don't be a Griswold

Don’t be a Griswold

7) Don’t believe in superstitions like “hot machines” or “it must be time my luck changed’ or, “surely it can’t be red again” because each bet is an event of it’s own, with no connection to the previous event.  As soon as you realize this, the easier it will be for you to understand the gambling experience.  Repeat after me – “The House has the advantage.”  Good! Now go out there and enjoy it, win or lose. Be prepared ahead of time and be knowledgeable.

8) Don’t drink a lot of alcohol when gambling.  Excessive alcohol will inevitably cause you to accept losing beyond a “healthy situation.”

9) Bring a watch and your cell phone.  There are usually no clocks or windows in most casinos, and if you get separated from your party, you might need to contact them. Wrist devices like FitBit or Apple Watches can signal you with incoming messages by vibrations or sounds that you can feel or hear above the caucophony of  noise in the casino and prove invaluable.

10) Casinos convert your cash into chips at the tables. Simply said, this is so you lose the sense that this is really money. Remember chips ARE money.
11) Don’t be afraid to ask staff for help.  Remember, the casino is built on getting you there (or should be) and so there are many people who are there simply to help you as a hospitality service.th (1)  Don’t be shy.  If you are new (or not) to the game, please ask the dealer for advice. They want you to win! The more you win, the more likely you are to tip, however tip for their helpfullness and entertaining personality – they have nothing to do with your winning.  Don’t worry about taking a little longer. Everyone starts as a beginner, and most will appreciate your attempt to make the correct play.
12) Don’t hand dealers chips or cash – they are not allowed to handle it directly.  The “Eye in the Sky” is watching your play and their work. Put the chips or cash on the table. They will not accept it any other way.
13) If you smoke, be aware of those around you. If you are a non-smoker in a smoking part of the casino, be flexible.  Reach a common ground that you both can be comfortable with.th (16)
14) Take a walk around when you arrive.  In this day and age, make sure you know your nearest exits if new to that property. Get acquainted with your surroundings. Casinos can be difficult to navigate through.  That’s the way they want it. You get lost because you’re supposed to, then you grab a seat at a slot machine or blackjack, and voila! You drop some cash gambling.  If you’re new stay with your party.
th (2)

Tip your waitstaff, especially if you request specific items.

15) Carry dollar bills for tips. In most casinos, complimentary beverages are served, but the wait staff is usually expecting a small tip.

16) Be aware of the casino’s rules concerning using your phone for taking pics.  Each casino has different rules and it is important for player to be aware of them.  Hey, SELFIE-ADDICTS – Taking pictures in a casino or talking on a cell phone can get you into big trouble if it breaks the rules.  Some casinos allow some picture taking, like when a jackpot is hit. But don’t be surprised when you asked to put your phone away. SELFIE STICKS aren’t tolerated by both the casino staff and the patrons.  Remember, many visitors would prefer not to be in anyone’s picture – especially those Advantage Players that make a living in anonymity.
Finally, have fun.  It’s social, it’s entertainment.  Let’s just leave it as that.
That’s all for now.
Binbin

NETimeGambling.com – Highlights of Last Two Weeks

August has arrived, is it the end of summer?  

Well, let’s take you back a few weeks to the best received posts from the past two weeks, with a gambling riddles intertwined…… courtesy of from http://www.jokes4us.com/dirtyjokes/gamblingjokes.html

SO, HERE’S WHAT YOU MIGHT HAVE MISSED!

July 20th – MGMSpringfield Resort Success is Crucial For Springfield

A comparison post, MGM Springfield two years ago and the present.

What did the dealer say to the deck of cards? ……..”I can’t deal with you anymore.” 

July 24th – Comped Drink Systems Is a Good Change  

Video Poker Bar

While all the other changes by corporate bean counters has me pulling out the little hair I have left, paying for drinks through play is not so bad in this blogger’s opinion.

What does a BlackJack player eat for dinner…..Whatever his comp card allows him to! 

July 25th – Wynn Boston Harbor Drinking Hours Extended With Opposition

My, My………we have seen the influence of MGM on the Massachusetts legislature and the Massachusetts Gaming Commission, now the other casino giant has gotten it’s way through the back door.

Whats the difference between online poker and live poker?…….You can cry after a bad beat online and no one will laugh at you. 

 

 

Aug 1st – Gambling Losing Streaks

7 SUGGESTIONS FOR DEALING WITH LOSING STREAKS

 

 

Finally, a quote from Paul Newman  “If you’re playing a poker game and look around the table and can’t tell who the sucker is, it’s you”

Have a great week!

Binbin

Gambling Losing Streaks – Responsible Gaming Education Week

Vegas Vacation

In A Losing Streak?

RESPONSIBLE GAMING EDUCATION WEEK

Leaders of the Association of Gaming Equipment Manufacturers (AGEM), the National Indian Gaming Association (NIGA) and the National Center for Responsible Gaming (NCRG) joined the American Gaming Association (AGA) this week to highlight the gaming industry’s shared commitment to responsible gaming.

Gaming operators and manufacturers across the United States will commemorate the industry’s responsible gaming efforts by holding dozens of local events and responsible gaming educational activities this week in recognition of Responsible Gaming Education Week.

So, while NETimeGambling.com endorses recreational gambling, it’s always good to remember responible gambling.

NETG & RESPONSIBLE GAMING

When I first started NETG, another blogger posed the following question, “If one experience or life change results from you writing your blog, what would you like it to be?”

For me, this blog is a means to inform as a resource. More than anything I wish gamblers understood the logistics behind the gaming industry and losing. With the wrong expectations, a losing streak is a difficult thing to deal with – it becomes very personal. We bring a certain amount, whether it be $20, $200, $2000, or more, and it can be gone in a New York minute – and there you are, a quick losing streak changing your expectations, your feelings, and possibly your behavior.

Now what do you do?  When your gambling becomes a streak of losing, what do you do to change your “luck?” How do you handle that pit in your stomach?

HOW DO YOU REACT?

BankrollDo you go on “TILT?” According to Bill Burton in his article “Losing Streaks: How To Survive,” “going on tilt is the expression used when poker players become upset and lose control of their emotions. Consequently they start making poor decisions and play badly and irrationally. Going on tilt is not confined just to poker players. Anyone who gambles on any casino game can find themselves on tilt. Once a player starts losing money they are a prime candidate. They have lost money and they try to make it back quickly by raising the size of their bets or playing a higher denomination slot machine. This will usually just lead to more losses.”

Sometimes a player will get to the point where they just don’t care how much money they have lost. But, for most of us, it does matter. Understand that casinos are very profitable businesses. They make money that is coming from the players pockets. Few people win. Most lose. Gambling is for fun. If it makes you feel bad, and cannot accept the fact that you’ll probably lose, do something else in your free time!lottery

7 SUGGESTIONS FOR DEALING WITH LOSING STREAKS

Losing can become purely an emotional response.  I try to remind myself the following:

  1. I came with money that I could spend on the recreational pleasure of gambling. When it’s gone, I’m done. And a 10% win on the day’s Bankroll is a good day for any recreational gambler.  Consider going home with money in your pocket, win or lose.
  2. The casino will win, the house edge is real and getting worse every year as casinos tighten machines, game rules, and paytables.
    6:5 Blackjack

    Dont play Blackjack that pays 6:5 on all blackjacks! Just don’t!

    Learning to accept it is the first step to dealing with losing.  Even better, look for the best table rules, the best paytables, and higher denomination slots to help your gambling duration and “win-a-bility.”

  3. If I win big, or lose big, I need to admit that anything CAN happen. The end result, AS LONG AS MONEY SPENT IS DISCRETIONARY, NOT YOUR FAMILY’S BUDGET $$, must be accepted.  When you’re not in a good frame of mind and on a losing streak, put down your drink, don’t carry on and calmly leave. Jessica Cheng, Brand Ambassador at 777DragonCasino.com, says,”…we have a chance at winnings and a chance at losing – it’s just the nature of the game.
    Losing at Gambling?

    Losing at Gambling?

    But there is no reason to slip into a depression and refuse to ever go gambling again. Just recoup, maybe take a break and gather yourself again, sit on a little bit of a tight budget for the next month and then when you feel ready, try again.” However, I would emphasize wait and “sit on a little bit of a tight budget for the next month…” 

  4. Repeat after me…..We must ALWAYS use our Rewards Card.  At least get something for your money. A comp of any size could give yourself the break that you need, whether it’s an outright comp gift or from your own hard-earned comp points.
  5. NEVER GO TO THE CASINO TO GET AWAY FROM PROBLEMS, NEVER GO TO THE CASINO WHEN YOU’RE ANGRY, UPSET, OR DEPRESSED. 
  6. If you have lost A LOT of money (which could mean anything to anyone, but I mean a good chunk over hours of play),  do what Richard Munchkin, Author of Gambling Wizards and cohost of cover170x170Gambling With an Edge (an excellent podcast and highly recommended for Advantage & recreational players alike). “The most important thing AFTER a big loss” he says “is to contact a casino host and ask for some money back. This is called a loss rebate, but it is only for BIG losses……Bottom line – try to get some of your money back by asking a host. If you can’t get cash try for show tickets, fight tickets, or whatever they will give you. By the way – the term “ton of money” is relative. If your ‘ton’ is $500 then you may only get a comp for 2 to the buffet.”  Remember, unless you ask, you can’t get anything!
  7. Fluctuations are to be expected, depending on the EV (expected Value) of the game your playing.  See the cartoon above and read again. Don’t expect your money to last on a slot machine like it would on a Video Poker machine with perfect strategy.  And yet, fluctuations will happen, no matter what the EV is. There are advantages to playing any game – just be knowledgeable and accept the consequences of lower EV games.

Remember, gambling is like any recreational pleasure – it can create a rush of adrenaline and release of endorphin to our human brain that some of us can’t handle well. Before I end, I must repeat what is in the side panel of this blog daily: Gambling Addiction is a serious illness progressive in its nature. It affects the person who gambles as well as many around them – family, co-workers and friends. If you wonder if the fun has stopped, and the compulsiveness has begun, go to the following Gamblers Anonymous site and answer a quick 20 questions. It may save your life.

Go to Gamblers Anonymous.org and take a 20-questions quiz if you wonder why it isn’t fun anymore.

Be in control.  I wish for safe, healthy and fun gambling for us all, win or lose.  JUST REMEMBER, KEEP WITHIN YOUR FINANCIAL MEANS AND HAVE FUN.

Binbin

7 GAMBLING TIPS for RESPONSIBLE GAMBLING (With Help From “Cool Catsino Cats.”)

Just about everyone gambles in one form or another in their day to day lives.  Some gambling involves money, but many of us gamble in our every day activities, such as accelerating through that yellow light, or driving 20 MPH over the speed limit.  Each has its own degree of risk and consequences.

Cat Advantage Player

Cat Advantage Player

Professional gamblers who have been able to gamble for a living and not fall into the dark side of addiction, know the importance of knowing how they personally react to the rush of winning and the down side of losing. Professionals also are able to detach a lot of the emotion – after all, to the pro, it’s a business.  For the recreational gambler, it can be difficult keep those fiery endorphins stable.

For today, I have some simple tips to help being a responsible gambler.  While many have a fun, exciting gambling experience without them, take a look at the following tips so you can enjoy gambling without putting yourself at risk for problem gambling.

Our “Cool NETG Gambling Cats” will help add to our suggestions.

TIPS to the RECREATIONAL GAMBLER – GAMBLING RESPONSIBLY

  1. Have the right attitude – gamble for fun and entertainment.  Cat playing pokerIf you are considering playing poker, video poker, blackjack (probably the only casino games you could make a living in), be well-practiced, well-funded, and strategically perfect – that’s all!  Otherwise, keep it as a leisurely activity.
  2. Set a limit on how much money and time you can afford to spend gambling. Try not to change this limit while you play.  If so, it must the next bankroll negatively or put off your next gambling trip.Credit card Cat
  3. Leave any extra cash at home, and think twice about taking your bank and credit cards with you. When you run out of money, don’t borrow from family, friends or others so you can keep gambling.
  4. Don’t gamble for comps.  Gambling for comps is a rabbit hole that will swallow up extra money you didn’t expect to spend.  Comps will accumulate.  Check rewards clubs for the best deals, and compare to the best games, or an experience you prefer.  Then, just let it happen.
  5. Plan for sessions by bankroll increments, not by time. Have a clear plan on what you will do if you spend all that money sooner than expected.  Eat, walk, people watch?  Something to lengthen the time between sessions.  Or, there’s another option – go home.cat at poker
  6. Know your reason for gambling and how much it costs to play per hour on the games you enjoy.  While you win sometimes, you also lose, so it is important to know the average cost per hour. Click HERE for your free chance to calculate your own cost of play, provided by the Addiction Foundation of Manitoba.Cat playing soccer
  7. Balance gambling with other leisure activities.Gambling shouldn’t be the only activity you do in your spare time.  Other activities can blur into other casino events, such as culinary interest, music performance, and sports.

Finally, if you gamble on a regular basis, keep track of the money you spend. Most people would never think to keep track.  It’s no fun to track your gambling, and lets face it, most of us are just TOO lazy.  Statistics don’t lie. Print out the NETG Gambling Log 3 to keep track – it will help you to keep a realistic record of your gambling expenses. Remember, a simple log is not to be used if you claim gambling losses for your taxes.  A much more specific log of your gambling is needed.  

We hope this helps.

Binbin

Casino Bankroll Planning – Q & A

“Retirement is like a long vacation in Las Vegas. The goal is to enjoy it the fullest, but not so fully that you run out of money.” — Jonathan Clements

If you think about it, every time you visit the casino, that’s the goal. To enjoy it the fullest, but not so fully that you deplete your bankroll.Bankroll

ASK these questions before your next visit to the casino:

1)  “How long am I going to stay?”  Decide before you go.
2)  If using bus transportation, “Do I have plans on how to spend my free time?”  (Time without bankroll)
3)  “If I get ahead on a slot or video poker machine, how will I establish a stop value to cash out?”
4)  If it’s a longer visit that spans over a meal time, “Do I have a plan for dividing your sessions?”  and “Am I taking enough money to include downtime, tips, and meals?”
5)  MOST IMPORTANT – “Does my allotted bankroll equal the allotted time for my visit?”  In other words, will your time expectations match the $$ you brought?  (If not, be careful not to make that ATM your friend)

Bankroll Suggestions

 

$100 Funny Toilet Paper

 

Keep in mind that the following are suggestions.  While a suggested bankroll might give you the best run at a certain percentage of lasting, the opposite is also true. The house edge might not change in your session, but your success can get crazy bad or crazy good in a short session – after all, it is casino gambling.

 

SLOTS – John Grochowski says, “….as a general rule of thumb, to have a 90% chance of staying in action for three hours on the slots, your bankroll should cover 250 bets. If you’re betting 40 cents a spin on penny slots, a $100 bankroll gives you that 90% chance. If you’re betting 75 cents on quarter slots, the bankroll need rises to about $187.50, and when you bet $3 per spin on dollar slots, it’s $750.”

BLACKJACK – according to CountingEdge.com, “….always buy-in with at least 50 times the minimum bet. No exceptions. In other words, to play at a $5 minimum bet table you need to buy-in with $250. At a $10 table you need $500, and so on.

CRAPS – Its my understanding to bring to the table 7 to 10 times the amount you are betting. So a $5 table with 3-4-5x odds pass line w/ odds only ave bet $25.00 so $175 to $250.

VIDEO POKER – 150 bets to cover 400 decisions per hour (average player with perfect strategy).  In other words, playing quarter VP and five coins per single line, $1.25 X 150 = $187.50 (round up to $200).  Of course, the lower the pay table pay out, the more you will need.  Also, higher the volatility (Triple Double Bonus Poker as compared to Jacks or Better) would me a higher bankroll.

They Represent Real money! Treat these chips as such.

OTHER TABLE GAMES – Casino Player writer Basil Nestor, from “Casino Player” writes “…Blackjack and other table games are best played with a minimum of 50 bets. The only exception to this rule is Let It Ride, which requires 150 bets. For table poker, it’s 100 bets.”

Remember, my fellow recreational gamblers, it’s great to win.  But if you lose, only lose the bankroll you bring and the money you can spend for fun.

That’s all for now.

Binbin

3 Reasons Why Your Gambling Sucks, and What You Can Do About It

Another losing gambling session?

I once read a self-help book called “Why Your Life Sucks” by Alan H Cohen. I guess I was in a dark place, or maybe looking for a different perspective on things. In any case, it was really quite good and pointed out many life “wake-up calls” to help us enjoy the life you were meant to live. It’s funny and informative, but most of all, it forces you re-evaluate the choices you have made, and how you can make better choices in the future.

So, I was thinking, “how many people leave the casino grumpy, as if losing is a huge surprise.”

Leaving Las Vegas - usually a quiet plane ride.

Leaving Las Vegas – usually a quiet plane ride.

Even the plane ride home from Vegas is so quiet and sullen compared to the excitement and hope on ride out there. Go figure….

So, does your gambling suck? Maybe it’s because you don’t embrace the realities of the gambling industry. Here’s some quotes from the book that may have implications about your gambling experience:

1) “Fortune isn’t something that happens to you, it is something you create”

Take advantage of point multipliers and

Take advantage of point multipliers to get the most out of your play.

So, you really think that recreational gambling is going to get you millions? I don’t think so.  But, there are things you can do that will enhance your visits, like:

  • Know the best strategy for the games you play
  • Take advantage of free play and multiplier reward points / tier points days
  • Don’t overplay you bankroll to gain higher status. Keep to your bankroll.

2) “Don’t get involved in the dark side” of gaming.

Losing at Gambling?

Guess what, the gambling industry is a business and like any other business, it needs to make money to continue. So:

  • don’t expect perks that you don’t earn
  • don’t expect the casino to ensure your winning because you’re a good customer, and
  • expect loses.
  • And stop thinking conspiracy and fixed machines. Look up what a random number generator does (RNG) , and how the house advantage is built in without switching machine computer chips or throwing that famous “switch upstairs” that immediately changes machines from loose to tight. In other words, be knowledgeable about the industry instead of continuing myths and superstitions to make you the unsuspecting victim.  “It’s not personal, it’s business.”

3) “It’s not what happens to you that counts, it’s what you make of what happens”

Shooting at the Craps Table - have fun whatever your game is.

Shooting at the Craps Table – have fun whatever your game is.

  • Enjoy the wins.
  • Enjoy casino employees who know the meaning of good service and are friendly.
  • Enjoy the excitement of breaking even – yes even. By breaking even, you’ve beaten the house advantage. Sure, it’s not what we are all looking for, but if you play for a few hours and break even, be happy for the free entertainment, the rewards points you’ve accumulated, and the free beverages you’ve consumed.

Now, back to the casino, but this time with an open mind, an awareness of the business and new flexible expectations. Acceptance could be the key to a happier gambling experience.

That’s all for now.

Binbin

Losing Streaks at the Casino, Part 2 From the Lighter Side

quote-in-the-casino-the-cardinal-rule-is-to-keep-them-playing-and-to-keep-them-coming-back-robert-de-niro-78-43-55More about losing streaks, with a little humor to lighten that losing feeling.  It is just part of the game.  And if you think it’s completely your lack of luck (which I don’t believe in) just consider that house edge math is doing it’s job – only it’s you that it affects this time.

imagesBut it affects mostly everybody most of the time – no matter what your friends or spouse tell you.

Fact is, we could all say the following statement truthfully, “I ALWAYS WIN AT THE CASINO – at least once before, the house edge gets me.” Have you ever heard someone just say “I ALWAYS WIN AT THE CASINO” and stop right there! …..you can just fill in the rest in your head.  We all know the truth in gambling.  So here’s a few more thoughts on losing:   Continue reading

Gambling Losing Streaks Got You Down? Try Logging Your Trips

In the middle of a losing steak? Maybe you need a time out!

In the middle of a losing steak? Maybe you need a time out!

I am a recreational gambler – maybe a “mid-roller?” I play more than the average player of $20 a night, but no where near enough to be considered an advantage player, or regular.

And I’m experiencing a losing streak right now. Are you experiencing a losing streak right now, too?

Does money just seem to be floating away?

Does money just seem to be floating away?

Well, 2016 has not been good for winning.  Like many of us, it’s a tough time dealing with losing.  It can be a deflating grind if your visits, time after time, seem to follow this pattern:  no matter what your game is, your bankroll has a slow meltdown to zero – with no bonuses, no big run on the craps table, and no lucky shoes – until it’s time to go home, or usually, before you expected to go home.  But is it really that bad, or just our perception, not based on any facts?

RELATED POST: In A Losing Streak? – 7 Suggestions to Help Gamblers

How do you deal with that in the long term?

A very wise person pointed out to me that in life, the following is true, and gambling can be a part of that.  “Acceptance is the key to my problems today.”

acceptanceAccept the FACT that you definitely will have losing streaks, and if you ignore that fact, if you refuse to acknowledge that circumstance, if you think you can somehow avoid losing streaks, you’re kidding yourself – and you’d better re-think your decision to gamble in the first place. Your ability to handle losing streaks is most definitely one of the things that will determine your degree of success in any form of gambling. Continue reading

RESPONSIBLE GAMBLING TIPS, With the Help From NETGs “Cool Cats.”

Cats Playing Blackjack

Cats Playing Poker

Just about everyone tries gambling of one form in their lives.  Some involve money, others may gamble at running a red light.  Each has its own degree of risk and consequences.

There are professional gamblers who have been able to gamble for a living and not fall into the dark side of addiction.  These Advantage Players, or AP’s, know the importance of knowing how they react to the rush of winning and the down side of losing.

Cat Advantage Player

Cat Advantage Player

But professionals also detach a lot of the emotion – it’s a business – which helps keep those fiery endorphins more stable.  Most humans can gamble, whether money based or consequence based (or both) without concerns, but some have trouble when any gamble turns into habit – especially casino gamblers.

This post includes simple tips and a few items to help responsible gambling.  While many have a fun, exciting gambling experience without them, these tips and forms may be something to consider. Continue reading