By Samantha Williams

This is an experience that is definitely not for the weak-kneed if you consider the possibilities. Windfall gains and if you are careless, windfall losses can come your way. If you want to try the roller coaster experience of casino gambling, ensure you have a separate account from which you utilise money for the

Planning your way
Do the rounds of the kind of offers that casino gambling sites are making for the audience. You will find that there are many new sites that are willing to give up free bonuses for a small initial payment for those who register with them. Compare the returns against the investment on each site. Watch out for the promises of high returns. The sites will expect you to wager your money before you are able to earn the bonus. Verify that you are actually getting paid by starting small and waiting for a return before you wager more money. If the bonus is in the form of virtual money that allows you to play more games, limit your investment in the site.

Playing the game
Now that you are certain that the casino gambling site you registered with is legitimate, you can start playing to win. You must be aware that the higher your risk, the higher your returns will be. If you are new to playing, you are likely to find yourself intimidated by the rules of the games and the speed with which your fortune changes. Keep playing with small stakes so that you are able to stay in the game for a long period of time. Gradually increase the stakes as you play so that you are able to enjoy the returns that you look forward to.

Limit your losses
If you face a streak of luck, you will feel like playing more until you can maximise your returns. You must realise that this approach can also lead to extreme losses. When you play, limit your gains as well as your losses. Your computer’s IP address is available to the casino gambling site that you register with and they will make you bear any losses that you incur. It is a good strategy to keep an account with limited money available for you to gamble with and not play beyond this limit. This assures you of intact savings in a separate account even if you lose the entire amount that you keep aside for gambling.

Now have fun
Learn the rules of the game. Do you know that your returns are low on games like poker and increase dramatically when you play roulette? However, this also means that your losses can be very high. Another strategy worth adopting is that of cautiously playing blackjack and poker over a long period of time since these games have the capacity of 100% returns in the long run. Choose a small deck when playing blackjack to minimise your risk. You should also try your hand at slot machines and try to win the jackpot if the amount you are willing to risk small amounts and expect small long term returns.

By Samantha Williams

Gambling statistics are a vital ingredient in a wager. Statistics for each type of game analyse the likelihood of winning at different stages of the game. There are websites devoted to this study and they provide a high degree of information about the extent to which a game can live up to the promise of returns. When gambling, there is often a choice between a hunch that votes for a particular action and statistical results that may not concur. The final choice is individual but it helps to have a scientific tool at hand when wagering, so that you can gauge outcomes based on different possibilities.

Use Pareto’s curve
Pareto’s curve plots events into a predictable bell shaped curve. What does this mean? If the events are the number of times you play, the two flattened ends of the curve are the points of high return and low return. You may consider the possibility that 80% of the events will lead to a no loss no gain situation while 10% at each end of the curve represent the equal possibilities of loss and gain. Application of gambling statistics allows the player to place a fair estimate on the actual returns on investment in different types of games.

Use of Probability theory
This is an equation based plotting that considers the interdependence of events and the number of events and returns an idea of the probability of gain or loss. The probability is an example of gambling statistics that provide an indicative measure of gain or loss and does not take away the risk involved. A common example in probability considers the likelihood of picking a ball of a certain colour in a random selection among balls of different colours. The equation considers the total number of balls, the colours available and the number of tries that are made. Extending this thought into the field of gambling provides an insight into the chances of how the game will move rather than an experience of blindly spending money.

The power of intuition
You have a feeling about a certain number or card and want to play on the feeling. The use of gambling statistics to ratify a feeling is common among people who rely on their intuition when playing. But what if the statistics do not do this ratification? An individual decision is made on the basis of past experience. The decision may not seem rational and depends on the extent to which individual intuitive powers are developed. If you are new and face this situation, it is better to follow the tenets of statistical output.

Where to search?
There are a number of blogs and websites devoted to the study and theory of gambling statistics along with tips for their utilisation in real world situations. You are likely to face a situation of contradictory information since statistical theory seems to provide different results with situational changes. It is useful to go through a primer in statistics so that you are able to understand the full meaning of the terms that are used and the statements being made.