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Lazy Sports Betting Tactics
How to beat the bookies in the over-under markets
How to convert between decimal and American odds
How to get an edge in betting
How to test the credibility of a tipster`s record
Kelly criterion method
How to use Kelly Criterion for betting
How Weather Affects Sports Betting
Increase Your Chances of Winning Long Term Betting on Sports
Intermediate and Advanced Sports Betting
Common sportsbetting myths
Advices on Betting Fundamentals
Betting do's and don'ts
Choosing a staking method based on your betting profile
Betting staking plans
Value betting explained
Sports-betting- a game of numbers
Market movement in betting
Types of odds explained
European types of bets explained
American types of bets explained
Martingale Considerations in Sports Betting
In-play betting
Accumulator betting
Mobile betting
A Crash Course in Horse Racing
A Crash Course In Sports Betting
American odds versus decimal odds
Bankroll management
Money management in sportsbetting- odds, edge and variance
Basic bet types explained
Paying for Picks
Betting on winning streaks
Betting psychology- a crash course about aspiring professional bettors
Popular Sports Betting Beliefs
Do you make these 9 sportsbetting mistakes?
Does intuition have a place in sportsbetting?
Exchange betting
Randomness in sportsbetting
Fractional versus decimal odds
Home team advantage analised
How bad at sportsbetting are you?
Reasons to Keep Betting Records
How bookmakers make money
How bookmakers work
How do betting exchanges work
Should You Bet on Multiple Sports or Specialize?
How do free bets work
How does luck influence short term betting
How good are betting tipsters
Sports Betting for Beginners
How loss aversion impacts performance
How many sports to bet on
How Much Should You Bet On a Sporting Event?
Staking-one method to improve your betting
How much you should risk per bet?
How Sports Betting Has Changed Over the Last 20 Years
How To Avoid A Big Sports Betting Loss
The art of multiple betting
The history of lotteries
The value of information in soccer betting
Three careers ideally suited to betting
Tips for Better Sports Betting Results
Types of Online Sports Betting Bonuses
Understanding and managing your risk of ruin
Understanding Horse Racing Bet Types
Understanding Live Betting
Value betting is an essential skill for bettors
Ways to Increase the Percentage of Sports Bets You Win
What are drawdowns and how to manage them
What are the most common mistakes the bettors make
What are the real chances of winning the lottery?
What distinguishes winning from losing betors
What is a handicap soccer betting?
What is the Fibonacci betting system?
What is the Labouchere betting system
What is the Martingale staking system
Why do we gamble? Irrationality and overconfidence
Why patience is an essential trait for any serious bettor
Poisson Distribution: Predict the score in soccer betting
Fixed Staking vs. Variable Staking
Basketball betting: Bet types explained
7 Sure-Fire Baseball Betting Strategies
How Does In-Play Betting Work?
To Parlay, or Not to Parlay?
Wisdom of the Crowds applied to betting
CASINO ARTICLES
A Novice’s Tutorial on Casino Gambling Games
How to Gamble with Dice – Popular Dice Games and Their Variations
How Online Casinos Helped Me Love Roulette Even More
My Top Three Tips for Getting Comps in Casinos
5 blackjack stereotypes
5 Gambling Tricks You Can Only Use Online
5 LITTLE-KNOWN FACTS THAT AFFECT YOUR AVERAGE HOURLY LOSS IN A CASINO
5 REASONS CASINO GAMES ARE SO ENTERTAINING
5 Things All Casino Gambling Fans Are Sick of Hearing
5 Tips to Managing Your Casino Bankroll Effectively
The Five Most Important Tips I Ever Learned on Bankroll Management
5 Rookie Mistakes in Blackjack and How to Avoid Them
7 roulette variations probably you have never heard of
7 THINGS YOU NEVER KNEW ABOUT CASINOS
7 Ways Casino Players Sabotage Their Chances of Success
How to Tell If You’re About to Make a Mistake with Your Next Casino Bet
The 12 Types of People I Meet in Casinos – Analyzing My Fellow Gamblers
10 SURE-FIRE CASINO GAMBLING STRATEGIES THAT WORK
What I Love Most About My Three Favorite Video Poker Games
The Last Guide to Video Poker Tournament Strategies You’ll Ever Need
Baccarat and the Martingale System – Can It Work?
Is There a Gambling System That Never Loses?
Combining the Martingale System with Odds Bets in Craps
Which Bets on Which Casino Games Offer the Best Odds of Doubling Your Money?
What’s Next for Online Gambling?
Using Self-Discipline in the Casino
20 ONLINE GAMBLING TIPS
Going All-In – When to Bet It All in Poker
10 Things I Wish I’d Known About Roulette Before I Started
Who’s the Best Video Poker Player in the World
Are No-Deposit Bonuses at Online Casinos a Waste of Your Time or Worth Going For?
Are Online Casino Bonuses Worth Taking?
BEATING BACCARAT – WINNING SYSTEMS & STRATEGIES
CHOOSING THE RIGHT SLOT MACHINE
EUROPEAN VS. AMERICAN ROULETTE
EVEN MONEY CASINO BETS
Feel Confident When Gambling Online – 8 Tips to Help You Choose a Secure Site
Finding the Best Slots Online
Gambling and Poker Playing: 10 Things to Know
GAMBLING GAMES THAT ARE REALLY WORTH TRYING
HOW TO AVOID GOING BROKE AT THE ROULETTE WHEEL
HOW TO GET YOUR FIRST ONLINE CASINO SIGNUP BONUS
How to make a million playing video poker
How to Spend Your Gambling Winnings
HOW TO SURVIVE A BLIZZARD AT THE CRAPS TABLE
HOW TO WIN AT ROULETTE
How to Win Consistently at Casino Gambling
How to Win Consistently at Craps
How to Win Consistently at Roulette
HOW VOLATILITY WORKS IN CASINO GAMBLING
Is It Possible to Play Roulette as a Career (Or Even as a Part Time Gig)?
Is One Blackjack Game Better Than Another?
MONEY MANAGEMENT STRATEGY FOR YOUR NEXT CASINO TRIP
ONLINE CASINO DISPUTES
SKILL BASED CASINO GAMES: PROS AND CONS
The 5 secret joys of casino gambling
The Benefits of an Online Gambling Environment
The Best Long-Term Strategies for Playing Progressive Jackpot Slots
THE BIGGEST JACKPOTS IN ONLINE GAMBLING
THE EASIEST WAY TO LEARN BLACKJACK STRATEGY
THE HOUSE EDGE
The only roulette strategy you will ever need
The Surprising Secret to Winning at Casino Gambling
Who Takes Care of Your Safety at Online Casinos?
Why Don’t Craps Players Just Use the Right Strategy?
Why I love American roulette
WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
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5 LITTLE-KNOWN FACTS THAT AFFECT YOUR AVERAGE HOURLY LOSS IN A CASINO

Casino gambling is supposed to be entertainment. In my opinion, if I’m losing a bunch of money, I’m not entertained. Understanding your average hourly loss rate and knowing how to minimize that rate is a big part of playing as long as you can without going broke.

The less you lose per hour on average the longer you can play, which generally means the more fun you’ll have. This is especially important in games with large top jackpots. The longer you can play the better chance you have at hitting the large amount.

Think of the top jackpot on a video poker machine – probably in the thousands of coins, right? The reason the top prize is so much higher than even the second- or third- best prizes is that you won’t see a card combination that can lead to the top prize (generally a natural royal flush) very often. Theoretically, if you play long enough, you will eventually hit a natural.

How to Determine Your Average Hourly Loss Rate

I know of two good ways to determine your average hourly loss rate. The first way is the most accurate because it uses real outcomes.

This is a four-step process:

  1. Track all of your play.
  2. Add up your wins.
  3. Subtract your losses.
  4. Divide the result by the total amount of time you played.

This gives you a fairly accurate idea of your average hourly losses, but it does take some effort, from tracking to compiling to analyzing.

I know an easier, if less-accurate, method. You can calculate your expected average rate and use that as your own rate, for the sake of simplicity. To do this, you have to know the expected return percentage for the game you’ll be playing as well as how many hands or spins per hour you play.

Once you have these details you can figure out how much you should lose on average per hour. This is a good way to determine a vague budget for an upcoming casino trip.

Example – if you play blackjack for $10 a hand playing according to basic strategy with house rules that give the house an edge of 1%. If you play an average of 100 hands per hour, you will lose an average of $10 per hour.

Here, then, are five things you may not know that can affect your average hourly loss rate.

1. Luck Has Nothing to Do with Your Average Hourly Loss

Some people are obsessed with luck.

You can sit them down and explain that slot machines operate independently of outside influence and show them guts of the machine, and they’ll still talk about their good or bad luck.

Yes, short-term swings in success and failure occur. Calling these swings “luck” isn’t harming anyone, and it’s just as good a word to use as any.

But don’t make the mistake of thinking your average loss per hour at the casino has anything to do with luck in the traditional sense.

When you figure your average loss rate, your calculations include short term fluctuations because they’re based on the return percentage of the game and your play rate. If you don’t have enough data or the right figures, your estimate will be off, which may make you feel really unlucky. But in that instance, pilot error is the culprit, not luck.

2. The Speed of the Game Is Important

The fastest way to reduce your average loss rate per hour at a casino is to reduce the number of hands or spins per hour that you participate in.

The speed of some games is controlled by factors outside your influence – I’m thinking here of blackjack and baccarat, the stately table games that take longer to play. But gamblers can control the pace of a lot of different casino games. You can play video poker or slots and only play the number of hands per hour that you want.

You can also take breaks from the blackjack or baccarat table every hour to reduce the number of hands you play.

Roulette is a relatively slow game that’s gentle on the average hourly loss rate. But it has a higher house edge than many games. If you play, only play on wheels with a single zero. Playing on a wheel with a double zero in addition to the single zero doubles the house edge to over 5% per spin.

3. Every Casino Game Has an Ideal Strategy

Another way to improve your expected loss is play the best possible strategy for every game you play. With good house rules and perfect strategy you can play blackjack with around a half percent house edge. You can find video poker games that also reduce the house edge to a half percent or less with perfect strategy. Not So Ugly Ducks Deuces Wild and 9 / 6 Jacks or Better both offer a low house edge.

Even games with higher house edges have correct strategies you can use to reduce the edge as much as possible. You should only play games where you know and use the best strategy. The lower the house edge the longer your bankroll will last.

4. Player’s Club Benefits Can Erase or Reduce Negative Expectation

Always join the player’s or reward’s club before playing at any casino.

Most casinos don’t tell you exactly how much your play earns in comps. But remember that each free meal, free room, or other benefit reduces the amount you have to spend overall. If it costs $10 to eat at the buffet, and you get it comp’d, it’s the same as losing $10 less at the table.

By reducing the house edge as much as possible and taking advantage of the players club, you give yourself the best chance to reduce or eliminate your negative expectation.

Do you only play occasionally? You can also use casino coupons and promotions to reduce the house edge. You should use them every chance you get – even if you’re a regular player. You’ll notice the change to your average loss rate more if you aren’t a big player.

5. Some Casino Games are Beatable

If you’re willing to do the work, you can reduce the house edge on some casino games to 0 or less. This is true of 3 classic games: blackjack, poker, and sports betting.

Let’s take a closer look at blackjack, since it’s both popular and easy to describe in the context of average hourly loss.

To get an edge at blackjack, you need to learn how to count cards and find the best games. If you find the best games, you can play perfect basic strategy and reduce the house edge to around a half percent. When you become an efficient card counter, you can work with an edge against the house of a half percent or more.

Counting cards isn’t illegal. But the casinos hate it. They can ask you not to play or make the rules so poor that you can’t count.

You don’t need to be able to remember all of the cards that have been played to count cards. You only need to be able to add or subtract 1s and/or 2s from a running count. You also have to estimate easy division problems while you play.

Anyone can learn to count cards if they dedicate the right amount of time and effort. I’ve heard it said that blackjack players can learn to effectively count cards in about ten hours of study.

Conclusion

The first step in reducing your average hourly loss rate is determining what your rate is. Once you know that, you can find ways to reduce your losses and extend your playing time. Once you have reduced your loss rate as far as possible you can look at ways to eliminate the edge completely and even have a chance to play with an edge against the casino.