5 reasons people lose money at casinos (Part 3 of 5): Playing at the wrong time

5 reasons people lose money at casinos (Part 3 of 5): Playing at the wrong time
(This is the third in a 5 part series on why people lose money at casinos.)
Anyone who counts cards at blackjack will tell you that there are times when, no matter how closely you watch the blackjack tables, conditions just never become favourable enough for you to win much. People who believe in luck (and I’ve seen enough not to believe that people go through marked periods of good and bad luck) will tell you that there are times when you have to just wait for your luck to turn around.
There are two scenarios which tell you you should be taking a break:
1) Conditions are not favourable: blackjack decks are producing consistently lousy cards, roulette croupiers aren’t exhibiting any patterns in their spins.
2) Your luck stinks: you’ve been playing correctly, but somehow your stack of chips is dwindling at an alarming rate.
One major problem many of us face is having travelled hours, by land, air or sea, just to get to the bloody casino. That makes us unwilling to waste a single second which could be used to, we tell ourselves, win back our money.
The only advice I have for you is: chill. Remind yourself that the objective of going to the casino is to have fun, so if having fun means playing for 2 hours until the $200 you are prepared to lose is gone, then so be it. Instead of worrying about missing opportunities to win, tell yourself you are protecting yourself from losing for the time being… until your luck takes a turn for the better.
If your luck isn’t going so well, spread out your games and circulate the casino (also covered in our next instalment) instead of fighting hand, tooth and nail to stay at one table.
If you just can’t win no matter what you do on a particular casino trip, but you still want to play at least a little, try to play in such a way that you lose the least amount of money within the greatest amount of time. This means betting the minimum amount, and not betting on every single round. If games become more favourable or your luck starts improving, you can then increase your bets.

The key to avoid losing money this way is to accept that you can’t win all the time. The reverse is also true: unless you manage your money very poorly, you won’t lose all the time either. The casino’s edge is far from 100%. The secret to coming out on top (ie. winning overall) is to avoid playing at times when you’re bound to lose, and to play more at times when you’re winning!

Read Part 4 of this series!


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