Your first casino game.
When you have never been to a casino before, on-land or online, thinking about how much you should have in your bankroll and how much you should bet are very important to being financially responsible in your gambling escapades.
Whether you are gambling online or in a land-based casino, thinking about how much money you are willing to spend, and how large your bets will be, does not change. When you are thinking about this, you should always consider the games you will play, different games will require different bet sizes, and so if you only have a small bankroll, starting with a game that does not have too high of a betting requirement is the best idea. On the other hand, if your bankroll is higher than you have more wriggle room to choose games with higher betting requirements, and you do not have to be so picky.
However, we suggest always starting small when you are visiting the casino for the first time, even when you are placing a bet online. This is because as you start enjoying casinos you have not yet gathered the experience of the games, so it is a good idea to bet small while you are still learning the ropes. Think of it as practice, then when you are more well acquainted with the games and feel more confident, you can increase your bet sizes. Find more here to learn how you should bet in your first casino game!
First things first; consider your bankroll.
Betting online or in a land-based casino, it is always wise to make a bankroll. For online bets, this means setting an amount for you to spend at the online casino, for land-based casinos it means taking a set amount with you to use and leaving your bank cards at home, so you do not end up going overboard.
So, how does a bankroll influence how much you should bet? Well, let’s say that you take $300 with you to the casino. You don’t want to be spending $10 on every game, as you will quickly run out of cash. $3 is better but still limits you to 100 games.
This means that you should have a vague idea of how many games you want to play before you call it quits for the evening. Do not think about any winnings you make, if you make winnings it is best to pocket that and save it for your next casino trip. Keep your eye on that $300 you are bringing with you and have an idea of how many games you want to play. If you anticipate you will spend $2 per game, then you know you can play 150 games. It won’t always work out exactly this way, but this is a good guideline to give you an idea on how bankroll will influence your spending budget per game.
Choose your games wisely- some might be more pricey.
Depending on where you gamble, different games will have different minimum bets. The cheapest option everywhere is the slots as you can spend less than $1 per play. However, the issue with slots is that they can really hook you, and the odds are so unpredictable that you will often spend more money playing the slots than any other game.
When it comes to other casino games, it can depend on the location. Baccarat, for example, is a very popular game. However, if you were to go into a Las Vegas casino for a game of baccarat then the lowest bet you can place is $10. This means that over an hour of baccarat, you would put around $700 into action. Again in Vegas, blackjack is pricey, however not quite as much as baccarat, the lowest bet for blackjack is $5 per hand, so for this, you are looking at closer to $300 per hour.
Craps is cheaper still at only $1-$3 per bet, and you will get 100 rolls, but only 30 decisions. For craps, you would only put around $90 per hour into action. These are vague ideas of the prices for Vegas casinos. If you gamble online, it will be different, and different gambling sites may have different minimum bets.
However, since Vegas is the gambling capital of the US, it is a good place to look for guidelines on the average bet for each game, so that you can budget how much you will need for your favorite game, and which games you want to avoid.
Think about the betting odds.
Betting odds are also important. Not only do you want to consider your bankroll and the games you play, but which games have the best odds. When you set your bankroll, you set it as the amount you are willing to lose. However, if you want to get some good practice in, choosing a game with decent odds will help you play longer and therefore, get more practice.
A good game for this is roulette. While in Vegas roulette will often require a $5 bet, meaning $250 per hour, you can get some decent 1:1 odds with roulette. An even bed (red over black) has 1:1 odds. Column and dozen bets have 2:1 odds. These are good bets to play to get an understanding of the game, giving you a higher chance of a win and a better understanding of the game. However, remember the better the odds are, the less the payout will be.
Plan before you play.
However big your bankroll is, it always pays off to be organized. Plan ahead, make sure you have a decent bankroll, choose your games and research strategy, and odds before you play.
You could want to spend an hour on roulette, and an hour on craps during your first trip to the casino, if this was the case you might want a bankroll of $400, expecting $250 for roulette and $100 for raps with a contingency of $50. Chances are you will not lose all this as you play, but it is better to be prepared for the worst. That way if you win, or go home with cash in your pocket, it is all the better thanks to your preparation.
Smaller bet games are the best for beginners, start small, and work your way up.