Double Your Money Bets
Gamblers’ goals can be as unique as the music piping through their earbuds. Many gamblers are just looking to enjoy themselves despite the amount of money they are losing.
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If there were an easy way to double your money in a short amount of time, then everybody would be doing it. If you want to increase your investment returns as quickly as possible, then you’ll have to be dedicated, disciplined, and patient. For investors, the best way to double your money.
- 5 Sports Betting Tips to Double your Winnings! Do you know how much money is spent on sports betting? According to the Office for National Statistics (ONS), two-thirds of all adults will place at least one bet this year and the average household spends £166 per year on online betting.
- The percentage of your bankroll you put on any single wager is the boldness we’re.
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While some just want to take small incremental wins over a significant stretch, others are just trying to catch nice buzz off some free drinks.
I seem to constantly bump into gamblers with a specific goal of doubling their bankroll. Obviously, this means something different to every gambler. I’ve met a buddy in Las Vegas before with $500 in my wallet and seen him pull over $15,000 from his backpack.
So, today I’ll give you 4 unorthodox gambling tactics that might double your winnings. You may not be a fan of these gambling tactics, simply because several aren’t as exciting as other gambling methods.
1. Be Bold
The percentage of your bankroll you put on any single wager is the boldness we’re discussing here.
That’s a whopping 0.1% of your bankroll per hand.
Now, if you took that same $1k and put all of it on 16 at the roulette wheel, you’re making one of the boldest moves you could make in the casino.
The boldness I’m referring to isn’t the 1/37 shot you’d have on a European wheel, though.
Everyone wants to double their winnings whether they are playing in a physical or online casino.
The problem is that the house has an advantage on every single casino game. This is an absolute, save for card counters that occasionally have a slight mathematical edge or video poker players who combine optimal play with the slots club rebates.
Because of this edge, the best opportunity to double up is a maximum boldness strategy. You may likely lose it all, but because of the edge, you’ll slowly drain it all away anyhow.
You already know that the minimum boldness works better with your advantage.
Let’s look at why the maximum boldness strategy, while perhaps counterintuitive, makes the most sense.
I already covered how every game for the average player has a negative expectation. This means the longer session you play, the more likely you are to get to a long-term result.
If you want to double your winnings thru maximum boldness, you had better have some solid resolve. This gambling tactic is not for the squeamish.
2. Raucous Roulette
Roulette has a tremendous house advantage over the player whether you’re playing in a physical location or you’re playing online roulette for real money.
On an American roulette wheel, there are 38 numbers.
If you place one of the even-money bets, you get 18 chances to win.
But that leaves 20 opportunities to lose.
Here are the even money bets in roulette:
- Odd/Even
- High/Low
- Black/Red
So, the probability of winning any of these even money bets is 18 divided by 38. That translates to a 47.37% chance of winning.
A 47.37% chance of doubling your winnings isn’t terrible, though.
In fact, it’s pretty good.
Now let’s see what happens to the probability of doubling your money if you divide your bankroll in half and make 2 bets.
The likelihood of winning 2 consecutive bets works out to about 1 in 5.
That’s not nearly as good as the 1 in 2 play for 1 shot.
In fact, if you place 2 even-money bets on roulette, you must win both to show a profit.
Your probability of losing is always slightly greater in these situations, but there are 4 possible outcomes instead of just 2.
3. Double Your Winnings With One Swing
Most casino gamblers aspire to more than simply doubling their bankroll on 1 bet.
Most players wish to gamble as much as they are able.
Some starry-eyed bettors even try to make a career at the tables.
The latter are known as advantage gamblers. This group of elite players include professional poker players, card counters, and sharp sports gamblers.
Double My Money Gambling
They all function with some measurable advantage over their opponents. Whether that edge is over fellow players or the house depends on their game of choice.
By taking this 1 big shot, you are turning the randomness of any individual result to your favor.
If you can work out even a tiny advantage versus the house, your objective immediately shifts to the long game.
Of course, you have to not lose it all before then.
Typically, if you are counting cards, you get a close to 1% edge on the house. Yet, your chances of winning any individual hand is just below 50%. You gain the advantage because of the increased probability of the 3 to 2 payoff for a blackjack.
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In most cases, you’ll see advantage bettors start with 1-2% of their bankroll. They continue betting the same percentage, but their bets are steadily increasing with their bankroll – and their edge over the casino.
4. Making Hard Choices
Before you can double your winnings, you must choose the casino bet that provides the largest probability of giving even money. After all, the point is to double up, and we’ve already established that you need to get in and out as quickly as possible.
With that potential for a big payout comes an incredibly low chance to win.
You already know that you have a 47% chance of winning even money bets in roulette.
You may get lucky and find a European wheel though. See, these wheels have only a single 0.
Suddenly you go from 18/38 on even money bets to 18/37.
This may not seem like much difference at all, but you are bumped up to a nearly 49% chance to win.
Trust me, this is about the best deal you’re going to find.
I run into a lot of gamblers who argue real money blackjack is a better choice, because of the diminished house edge. However, the odds of winning a single hand of blackjack is closer to 42%.
Don’t fret.
I have an even easier game than blackjack to suggest, and you have a better than 42% probability of winning each hand, too.
I need you to stay with me here because I know my mind instantly conjures images of a drunken Cousin Eddie and a maniacal Clark Griswold, but…
It’s Casino War.
Casino war is essentially the kid’s game you likely played all grown up.
You and the dealer flip a single card over, the higher card wins the hand.
Casino war does present a twist though. When you go to war, you must lay down a second bet. If you win the war, you get paid only on your original bet. Yet, if you lose, the house gets both bets.
Unfortunately, you won’t be able to bet 100% of your bankroll on any individual hand of casino war. If you did this and went to war, you wouldn’t be able to place the additional wager necessary.
Surely, casino war is as unorthodox a gambling tactic as you’re likely to find.
Conclusion
Probably the easiest way to double your winnings from casino gambling is to play with maximum boldness. Cross your fingers and bet your whole bankroll on one of the even-money bets.
I recommend you pick one of the bets we discussed in roulette. Casino war is simply too risky due to the chances you may have to go to war with the dealer.
Keep in mind that gambling is meant to be entertainment and if you place your entire bankroll on any single bet, there’s a good chance you’ll lose everything.
So, please, gamble responsibly.