If you’ve never gambled before, it can be confusing at first to try and understand how the concept of it works. Maybe you’ve heard warning tales of how it can grow to be an addiction or success stories from people who took a trip to Vegas and won big while they were there.
In reality, gambling is when you play games, often sports-related and dependent on a specific outcome, or casino games like Blackjack or Poker for the chance to win money.
If you don’t understand how the product you’re playing works, then you’re setting yourself up for failure. So, this article is here to teach you everything you need to know about how gambling works.
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Sports Gambling
One of the most popular forms of gambling is through betting on sports events like important matches or games, and their success depends on the eventuality of a specified outcome, either during the event or after the final results have been announced.
All you have to do to win in this instance is to have been right in your estimations in the first place, but even if you’re backing the fan favorite, it’s not that simple with sports betting.
You will also need to factor in the “odds” which will influence the size of your winnings should you be successful. The odds attached to your bet, usually displayed in decimals in the US, will indicate how likely the bookkeeper thinks that something will be accurately predicted.
The smaller the odds, the more likely it is that whatever outcome you’re betting on will occur and the lower your winnings will be as a result. For example, if you place a bet and the odds are 3.00, you’d receive $3 in return for every $1 you wagered.
Slots
Mostly played online these days, slot games are similar to the old-fashioned fruit machines you used to find tucked away in bars or pubs or spotted in the background of older movies.
They’re pretty easy to play – simply choose your betting amount and spin the slots by pulling a lever or pressing a button. And that’s all there is to it!
Your winnings will depend on whatever combination of images or symbols that the slots land on when they stop spinning. There’s no skill involved and the outcome won’t change regardless of what action you do or don’t take, so these are designed to be just a bit of fun.
Blackjack
A lot of people who are new to gambling assume that Blackjack is one of the easier games to take your chances with due to its seemingly simple concept. However, beneath the surface, there are more complicated strategies you’ll need to know in order to play well.
When the game starts, you’ll be required to place your opening bet which means you’ll be playing blind as you’ll have no cards to base it on yet. After your bet has been placed, the dealer will go round the table twice until every player is left with two cards.
You can choose to place another bet at this point but only do so if you’re confident in your hand and if the upward-facing card (out of a pair that sees the other card face down) that the dealer has in front of them will not add up to more than 21. From this point, it’s game on.
The dealer will continue to offer cards as they deal around the circle which you have the option to accept or refuse. Remember that the aim of the game is to get as close to 21 as you possibly can without going over this limit which will mostly rely on chance and good luck.
Roulette
If roulette is your game of choice, you’ll be pleased to know that it’s one of the ways you can gamble which is easy enough to understand, namely because you can’t alter the outcome.
Roulette involves spinning a wheel that will usually have up to 37 colored holes with numbers ranging from 0 to 36. You’ll notice that 18 of these holes are red, 18 are black, and one of them (the number 0) is green. To win, simply guess which hole the ball will land on.
You can gamble in a few different ways with roulette, including betting on:
- Red
- Black
- Odd number
- Even number
- Single number
You can bet on a single value i.e. that it will land on black, or you can combine these factors to create a bet in which you correctly guess the right number and the color the ball lands on.
Poker
To understand how poker works you’ll need a little bit more skill and certainly more gambling knowledge. Texas Hold’em is one of the most well-known versions of the game, with the aim to be holding the best five-card hand from your original seven cards by the end of the game.
As each round of the game draws to a close, you can decide between raising your bet, calling it, checking, or folding. The remaining winner is entitled to the cash from the kitty.
Although it’s quite simple in terms of its concept, you’ll need to be familiar with it and have a certain degree of skill if you want to play well in poker. Our best advice is to continue learning different strategies and always make sure you have your best poker face on.
Bingo
Bingo is such great fun and is so often thought of as being an activity that it’s easy to forget this is actually another form of gambling. It works by drawing random numbers which you aim to match up with the numbers given or previously written on your bingo card.
Whether you get a line or a full house, when you’ve matched enough numbers the player shouts out “Bingo!” to announce their win. As you might have guessed, it’s another way to gamble without being able to affect the outcome.