When you start gambling you hear a lot of terms bantered about, some of which you really need to understand. Two of these are the house edge and house drops. These are not the same thing and you really need to have an understanding of them, it could affect how you play.
This is the advantage that the casino has over you the player. It is most often defined as a percentage and that is the amount the casino has determined it will win over the long run. The house edge can vary from one casino to another and even from one player to another when talking about strategic games. It can also vary depending on how long a player sticks to one game in a sitting.
It is important to know the house edge regardless of whether or not you are playing online or in a land based casino. This should be a determining factor in choosing your games and your casinos. This is especially true of video poker and slot machines as they can be set by the casino. While one may have a 5% edge another one may advertise a 3% edge. This means that for every $100 spent, one casino will keep $5 while the other one will keep only $3. You obviously want to play in the casino that is going to pay you back the most money and so you would play the 3% edge.
Many people mistakenly confuse this with the house edge and then choose the wrong casino based on misinformation. The house drop is how much money the casino has determined each player, on average, will spend during their time at the casino. Smart players who only play for a little while tend to lose less than players who play for longer periods of time even if they are both playing in a casino with a low house edge. This is simply because the player who stays for a longer period of time will have to keep giving money to the house to keep playing.
Understanding the house edge is more important than understanding the house drop, unless of course you are going to open your own casino and then you would need to understand both. Choose a casino with a low house edge and increase your chances of winning.
by Alan in Phones
There are many theories about addiction, some doctors believe it is genetic and some believe it is a matter of willpower. Until the absolute facts are known and the cause of addiction is pinpointed, those people who are prone to addiction will have to be aware of their habits. However, if you don’t know whether or not you are prone to addiction you can play and play smart until you find that there are signs pointing towards a problem.
If addiction truly is a matter of will power, you can control your own destiny by simply moderating how much you play games of chance. This is, according to some people, a matter of monitoring how often you play, how much money you spend and whether or not it becomes your only obsession in life. If you can keep from developing problems with your time and money, you can gamble and have fun without it becoming an issue. If you find that you are having problems with any of these things then you have to step back and take a clear look at what you are doing.
So, do you have to always worry about addiction when you are playing games and having a good time at the table? That is a question only you can answer. A recent study on gambling addiction by this online casino portal showed that if your family has a history of addiction and you believe in the genetics issue and its role in addiction, you may need to have this in the back of your mind. On the other hand, if you aren’t prone to believe the genetic theory, you can go ahead and have fun at the tables and the machines and just know that addiction is a possibility, regardless of whether or not it is genetic or simply an acquired habit that you can’t break.
Gambling, like anything else in life, can be done in excess and you have to always be on point when it comes to your own life and the things that affect it. If you like food, you can overeat and destroy your health; if you like beer, you can over drink and damage your liver. Anything you do in excess can be damaging and you have to stay on guard for that.
Gambling can be a very touchy subject for many people, some see it as a vice that should be banned to the forbidden forest forever and other people enjoy a friendly game and like winning money. You don’t have to justify your game playing to anyone simply because they don’t agree with you doing it. The bottom line is that you are in charge of your own life and if you don’t have a problem, you don’t owe any one an explanation. In fact, even if you do have a problem, you don’t have to justify yourself to anyone but yourself, and possibly your family.
Every person is in charge of their own destiny and you have the freedom to choose what you do and don’t do in your life. Unless you are a prisoner being held for a crime, what you do is your business. If you go to the casino and play for hours, you are the one that has to live with your choices; you don’t have to explain them to the person who is against gambling. You may have to explain your choices to your spouse but that is a common courtesy and part of relationships, it has nothing to do with your freedom to choose.
If you choose to stay online in a virtual game room all night, you aren’t hurting anyone. You may be tired but that is your decision to make, not someone else’s. There are many people who don’t agree with gambling and that is their choice, they don’t have right to tell you what to do or to try and force their beliefs on you. If someone does, you can simply tell them that your respect their beliefs and you would like it if they would respect yours and leave it at that.
Ultimately, every person has to make their own decision about what they do and don’t believe and how they entertain themselves. If the decision they make turns out to be bad ones, they have to live with the consequences. So, if you like to stop in for a game of poker or log in and spin the wheel in a virtual game room, that is your business and you don’t owe anyone and explanation.
Most people believe the only risk they run when gambling is the loss of money; however, there are much more serious risks when the game turns into an addiction. You are very much risking your health and possibly even your life. Some of the ways you are harming your health are detailed below.
If you become addicted to gambling and you start losing money, you can fall into a depression that worsens as your addiction worsens. You will start losing sleep. Your appetite can change and you will either overeat or you won’t be able to eat at all. Depression can alter every aspect of your life, you start not caring about yourself or your family, your job suffers and you may not have the energy to get out of bed. Ultimately, if you don’t get help for your depression you could have much worse symptoms and possibly even wind up hurting yourself when you are in throes of a bad depressive episode.
Depression can last for days, months and even years. If you are able to get better on your own for a little while, if you return to gambling your depression will return. You may be able to stay well for a little while, particularly if you are winning; however, when you lose, the depression will return and may get worse.
The only way you are going to beat this type of depression is if you beat the addiction. When you begin to notice that you have symptoms of depression or your family and friends tell you that you are not acting like yourself you need to see a medical doctor for your depression and get help for your gambling addiction. You need to take care of the underlying root of the depression or you won’t get better no matter what you do to get better medically. If you don’t, the depression will only come back again and again.