Litecoin Consolidates at the Bottom of the Chart as It Battles Low Volatility

10分钟前
coinidol

11 December 2019 - ETH/ BTC – Weekly

10分钟前
cryptodaily

Ripple's Xpring Debuts New Platform for XRP Payments Integration

22分钟前
utoday

Lithuanian Central Bank Publishes Crypto (CBDC) Research

22分钟前
cryptonewmedia

BitPay now supports Gemini Dollar and other stablecoins

33分钟前
bitcoinwarrior

EBA publishes sustainable finance action plan

40分钟前
bankingtech

Cboe Global Markets agrees to acquire EuroCCP

1小时前
bankingtech

Binance.US Considering Listing TRON (TRX), NEM (XEM), Tezos (XTZ), and Ontology (ONT)

1小时前
cryptoglobe

US Indicts 3 for $722 Million Crypto Fraud

1小时前
financemagnates

Ethereum smart contract calls increasingly running out of gas post-Istanbul 

1小时前
bitcoinwarrior

UK remittance fintech Paysend secures Canadian MSB licence

1小时前
bankingtech

Bitcoin And Crypto Market Cap Turn Red: BCH, Litecoin, XTZ, TRX Analysis

1小时前
cryptonewmedia

Bitcoin Price Predicted to Skyrocket to $100,000 in 2020 by Silk Road Founder Ross Ulbricht

2小时前
utoday

Bitcoin value transfer occurring primarily between exchanges: Chainalysis’ Gradwell

2小时前
bitcoinwarrior

TTS235 David Skarica and Gabriel Kurman from LABitConf

2小时前
letstalkbitcoin

丹麥當局從嚴查稅!發函索取加密貨幣交易完整資訊

2小时前
blockcast

Ripple (XRP) Price Turned Sell On Rallies: BTC & ETH Down

3小时前
cryptonewmedia

Bitcoin [BTC] Price Pattern Projects a Bullish Reversal after Fall below $7000

3小时前
coingape

Twitch Streamer Stalker Is Running Rampant, Posts 400-Page Manifesto of Complete Insanity

3小时前
cryptonewmedia

Ethereum (ETH) Holding Uptrend Support But For How Long?

4小时前
cryptonewmedia

Dozens of Japanese Banks Join JPMorgan’s Blockchain Network

4小时前
nulltx

Bitcoin [BTC] Derivatives based on Hashrate and Difficulty creates a Buzz in Mining Space

4小时前
coingape

AI coming of age will revolutionize small businesses

5小时前
bitcoinwarrior

「比特幣側鏈」Liquid 的交易所 ICO 發幣首例!BTSE 預計透過籌資 5,000 萬美元

6小时前
blocktempo

Santander Completes its Blockchain-based Bond Trial on Ethereum » The Merkle Hash

6小时前
cryptonewmedia


Why You Should Treat Casino Play Like Trading and Vice Versa » The Merkle Hash

cryptonewmedia

8天前前

Here’s the thing about playing casino games: The most dangerous thing you can do is gamble when you are angry. It’s in all the literature and responsible gambling advertisements set out by bodies like the UK Gambling commission. In short, if you are flustered, angry or, let’s face it, slightly inebriated, your decision-making goes down the pan. And, as a consequence, lose a lot more than is intended.

As most are aware, you are supposed to have the same type of levelheadedness when trading and investing. There is a bit more of planning and organising going into trading a financial asset than the spin of a roulette wheel, of course, but some of the fundamentals remain the same. For instance, many traders will execute sell-stop orders with their trades. This method of protecting long positions will trigger a market sell if the asset falls below a certain price. In a sense, if you are entering into a casino you are taking a long position, but you also want some protection if the evening at the tables goes wrong.

Know when to cut your losses

How do you create a sell-stop-order at a casino? Well, it comes down to willpower and organisation, i.e. having an amount you are willing to lose and sticking to it. Sounds easy? But every trader and casino player will attest to the idea of chasing a loss, and it can soon get out of hand. Of course, a lot of online trading accounts have negative balance protection – something of a godsend if you are trading CFDs or spread bets. Online casinos have similar protection with deposit limits, meaning if you join a poker table with the action streamed live from a studio you won’t be able to add extra money should the cards not fall your way. Indeed, many online casinos now have time-out limits and reminders to ensure you don’t lose track of yourself.

Anyway, that’s all about cutting your losses. So, what about using trading strategy to get ahead? A more difficult prospect, you’ll agree. But there are some things you can do to at least narrow the odds to some extent. For instance, most traders to a little research before they invest. If you take something like slots, which run on RNGs (random number generators), there is nothing you can do to affect the outcome. However, you can research the game before you play. Consider that some slots have higher RTPs (return to player) than others, meaning they pay back more over time. This information is readily available as it is legally obliged to be published by gaming companies.

Research every game before you play

Obviously, you should not be making stupid mistakes in the choice of games. For instance, American roulette has a higher house-edge than European roulette (because of the extra double zero pocket), and the choosing of European swings the advantage in your favour by a few percentage points. Similarly, even a basic card-counting strategy in blackjack – it’s not illegal, and never has been – is enough to even the odds.

Finally, as all traders know, getting every discernible advantage can count. So, plunder every offer and bonus the casino has to offer. If you are going to a real casino, check the loyalty programmes; if online check everything on bonuses based on your deposit method to birthday loyalty bonuses. It all adds up and can be the difference between profit and loss.

Image(s): Shutterstock.com

若涉及版权问题,请联系:content@hashbee.com,我们将立刻撤下新闻内容

0个评论