What to Do If You Lose All Your Money at the Casino Whether you play online or you play on land, there are many ways you can gamble all of your money away. It’s really not a hard thing to do. You can walk in with a few hundred dollars and literally leave with not a cent in your pocket. You pay an entree fee to play a game of chances in Casino. If you win, you make a ton of money; if you lose, well, you lose small. But, if Casino wants to make sure that even after an individual made a ton of money, they survive on their own. Typical win-lose ratio for a Casino is 52–48. He and other casino insiders know that casinos exist to not only take our money, but to keep as much of theirs as possible — both by offering games that are tilted in the house’s favor.
If there’s any activity that runs counter to everything self improvement stands for, gambling has got to be one of them. There’s way too much rooted into gambling that can really blow up in your face. It seems harmless at first but like a wildfire, it can get real out of control, destroying your financial future, marriage, relationships with others.
Look at the underlying basis of gambling.
Getting money for doing nothing. Getting money for being of absolutely no service, value, or help to others. Relying on chance instead of your own personal responsibility.
The act itself is rooted in greed.
By constantly gambling, you constantly think – let me try to get something for nothing.
When you lose the money you’re gambling, what do you do?
Ask other people for money.
Another form of getting something for nothing.
When that option runs out, what do gamblers do?
They start stealing to support their gambling addiction.
Another form of getting something for nothing.
And here’s what most people don’t seem to notice about gambling.
The people who gamble because they need money – they lose it.
Why?
Because they’re too emotionally invested.
They’re too attached to the money they’re gambling with.
The people who “win” at gambling are the ones who ALREADY have a ton of money and don’t need the money they’re gambling with and as a result, can be a bit more objective and take more chances liberally.
But even if they win, it plants that seed into their mind that they can get something for nothing and that can start them down a very dark path. You don’t want that kind of thinking constantly going through your head.
Unclaimed Money
But let’s say you don’t have a ton of money but by some long shot, you win anyways.
You still lose.
Why?
Because you’ve missed out on the opportunity to BECOME the kind of person who can find a way to serve people and earn that money instead. You miss out on developing the traits of patience, focus, vision, persistence, service, action, etc., and that in it of itself is worth more than any amount of money, to develop yourself to your highest potential.
Notice how the lotto winners, the majority of them lose it all because they have NOT become the kind of person who has developed to the point where they can handle the money. They blow it all away. They have no patience, self control, delayed gratification, etc.
Avoid gambling at all costs, even the little forms such as betting on a game with friends, poker night, scratch off tickets, because it’s so easy to make an exception and start slowly sliding down that hill, taking on more serious forms of gambling, getting a bookie, going to Vegas, etc.
And if you see ads here on gambling, before you accuse me of hypocrisy, know that it’s just Google Adsense’s algorithm doing its thing. It sees the word gambling a lot in here so it assumes I talk about gambling and displays ads about it.
Avoid the easy way out trap that gambling takes the form of.
No matter what, you will always lose in the long run, even if you win.
When you wake up in the morning and head to work, you’ll most likely gamble indirectly at least once a day before you go back home. Gambling doesn’t need to be in a casino or a formal gaming setting. It can be anything at all in our daily life from taking the bus or talking to a stranger. There is always an element of gambling in our daily activities. But what happens when you love to visit a casino? Casinos take gambling to another level allowing players to have fun while offering them an opportunity to win money.
Casinos are typically part of a city’s nightlife. This is especially so in places like Las Vegas where casinos dominate. However, these casinos often run a 24-hour service on and offline. Most frequent gamblers believe that there are certain times a day or week that are better for gambling than others. Some see this as a superstition but studies have shown that there is some truth buried in it. While this theory and many others in the gambling community are gambling fallacies, you can test the theory yourself to see if it is true or not.
Which Day of the Week is the Most Ideal for Winning?
Real Money Casinos
Fallacies aren’t born out of thin air. There is usually a story or several stories behind every gambling fallacy. History has shown that gambling at certain days or times of the week can give you an edge and increase your chances of winning certain games. However, this has nothing to do with luck. This advantage is often applied to slot games or any other machine-based game. It’s a common belief that most casinos change their payout rate on certain days of the week. They usually increase the payout rate of slot games on the busiest days of the week, which is usually the weekend.
These people believe that reputable casinos set their slot machines to payout more when there are more people to witness the winnings of others. So, from 6.00 pm on Fridays, slot machines will most likely pay out more frequently than they did from Monday to Friday at 5.59 pm. The faster the payout rate, the more propelled players will be to spend money on slot games. The most ideal time to gamble is from 6 pm to 10 pm every Friday. Some casinos leave the payout rates high until the weekend is over on Sunday.
Where Do Casinos Lose The Most Money
If you’re regularly busy during the weekend, you can play every day in the week between 3 pm to 7 pm. Some others believe that casino games pay higher throughout the week as long as the place is busy. There are even people who will tell you that the casinos’ payout more when there aren’t many gamblers around to encourage them to keep playing. So, you see, it’s more of an opinion than a fact. If the casinos want to change their slot machine payout rates, they will have to do it manually by changing the microchips within the machine that determine how frequently it pays. This would be done for every slot machine in the casino. We aren’t saying it is impossible, it just isn’t likely on a regular basis.
Casinos are for-profit organizations. So, all their games are designed to ensure that the players lose money and they gain in the long run. This is why the phrase “the house always wins” is accurate. So, why would casinos manipulate their machines to pay higher when they are already certain to get more money when players lose? It doesn’t matter what time of the day you decide to play slot games, the primary factors that will determine your odds have nothing to do with time. The only exception to this is when the game has a progressive jackpot.
A progressive jackpot is a type of payout system that gets larger with time. So, the more people bet on the video poker or slot machine, the more money the eventual winner will get when they finally hit the jackpot. If you can find a way to determine which progressive jackpot games have not paid out for a long time, you just might increase your chances of winning big. In this case, it doesn’t matter what day of the week you decide to play, as long as the jackpot is due for a payout, you stand a high chance of winning.
The downside to progressive jackpots is that you will end up spending a lot of money with no rewards if you play when the game has recently paid out someone else. Some players lurk around the casino waiting for other players to spend significant sums of money on a machine to leave. Right after the player leaves, they step in and start playing. If they are fortunate, they will win shortly after they start playing.
How to Increase Your Chances of Winning Casino Games
1. Choose the Right Game
As stated above, there are many variables that determine your chances of winning and these variables are different from game to game. The only constant variable is luck. Almost every casino game depends on luck. However, there are still some things you can do to make things better. With slot machines, for example, your chances of winning depend on the RTP of the game, its variance, and the type of jackpot. With most card games, luck plays a role as well but learning the basic and advanced strategies also makes things better for you. If you’re choosing a slot game, pick one with a high return to player rate that is no less than 95%. For card games, learn as much as you can about the game before you start playing.
2. Find the Payout With the Lowest House Edge
Do Casinos Lose Money Every
The house edge is what always ensures that casinos win in the long run. However, with some games, the house edge is higher than the others. Try as much as possible to avoid these games. While the house edge varies from casino to casino, some games tend to have lower edges than others. Games like craps, Blackjack typically come with a house edge that varies from 1.4 to 5%. When you visit the casino, find out the house edge before you play. It is like the reversed RTP and that is what determines how much the casino is likely to win per game. The lower the edge, the higher your chances.
3. Play on Multi Seater Slots
Some casinos have two-seater slots. These slot machines have benches that can contain two or even three people at a time. So, with all of you playing on the same machine, you’ll spend less money than you would have spent if you played alone. Playing games on these types of slot machines might not give you more edge but it will certainly allow you to save money or spread out your cash which, in turn, will increase your chances of eventually winning.
4. Know When to Stop
Most people who end up in gambling debt end up like this because they always want to recover their losses or quit only when they are ahead. While stopping when you’re ahead is a good way to maximize your earnings, you might get carried away and end up gambling more than you have to offer. So, you should know when to cut your losses and stop gambling when you’re on a losing streak. If you’re fortunate enough to win your bet shortly after you start gambling, it’s better to walk away. Casinos will do everything they can to get their money back. So, they will offer you several complementary services and the best drinks on the house just to keep you playing after you hit the jackpot.
Bottom line
When it comes to gambling, it all boils down to chance. Sometimes, skill, timing, and strategy aren’t going to matter if you’re simply not lucky. So, make sure that you always gamble responsibly knowing when to stop and when to keep playing. The last thing you want to do is gamble with money that you do not have.