Winning Through High-Risk Gambling
People often have a misconception that since gambling is based on chance one could still win something significant if one gambles conservatively. What they tend to miss, however, is the fact that this chance is a mathematical one. Gambling is based on probabilities, meaning the more one plays, the more chances one has of winning. Being a high-risk gambler means that you have more chances, and therefore reap more rewards.
High-risk gambling means gambling with a considerable amount of money as your bankroll. Say, instead of just bringing in a few thousand, you bring in tens of thousands. This makes it possible for you to win against chance, by being able to play a game several times.
While it might be true that in gambling, the more one invests, there is also a greater chance of losing, one must take into consideration that this also means a greater chance of winning. Conservative gamblers therefore have little chances of winning, and therefore, bigger losses in the long run.
If you do consider high-risk gambling or is already a high-risk gambler, the safest course of action is to invest in pure chance-based games. Games like slots, bingo, and dice takes how much you put in and how often you play into consideration. For example, if there is a 1 in 10,000 chance of hitting the jackpot in a slot machine, then playing 10,000 times would give you a chance of at least winning once.
While strategic gambling games like poker do offer a sure chance of winning if one has the skill, it does not, however, put your bankroll into efficient use. In these games, there is a level playing field, since skill and strategy are the ones that really matter, and not how much you put in. Since it is also time-consuming, you will tend to play less, and therefore take less advantage of mathematical chance.
Try to avoid strategic games. It is much better to invest in semi-chance games like roulette, since these games do take into consideration how often you play.
Remember: high-risk gambling does not mean being careless. Do not re-bet your winnings at once, exhaust your initial bankroll first. If you do win, try to re-invest only a percentage of it, in order to be sure that you at least gain your initial bankroll back. After you have exhausted your initial bankroll, try to assess your situation. In which games did you win the most? In which games did you win the least? This will help you in deciding where to play in your next gambling session.
Gambling is based on a mathematical chance, meaning the more times one play, the more chances one will win. High-risk gambling offers you success against chance, by having a chance to play several times. If you consider high-risk gambling, try to avoid strategic games like poker as these do not abuse mathematical chance. Instead, invest in pure chance-based games like slots and bingo, since these games take into consideration how many times you play. High-risk gamblers might seem to lose large amounts, but at the end of the day, one will see that it is all worth it.
