Understand game:

This may seem like a very obvious rule, but you would be surprised at how many people place bets on games they don’t fully understand. This rule may apply more to certain games (i.e. Roulette) than other games (i.e. Slots), but generally speaking, it is more advantageous for a player to fully understand rules of a game before betting on it.

Budget your money:

Place a limit on money that you can afford to gamble with and lose. Never exceed that amount or gamble with money that you can’t afford to lose. Leaving your ATM cards and credit cards at home may be a good way to ensure that you won’t be tempted to exceed your budget limit.

Never borrow money to gamble:

To fall into habit of gambling with borrowed money is one of most serious mistakes any person can make. Not only can one run risk of falling heavily into debt and perhaps having to sell one’s possessions to payback borrowed money, but risk of alienating friends and family members, or infuriating “money lenders” should be enough reason to avoid this practice at all costs.

Pace yourself:

Avoid betting all your money in one go. Remember, objective is to have fun and enjoy yourself. If your gambling budget is $50, then place bets of $1 or $2 instead of betting entire $50 on one single bet, losing it and walking away empty handed. As long as entire sum of money is not lost in one single bet, player has a chance to win.

Know when to quit:

Always quit while you’re ahead. The best time to quit is when you are ahead of casino. Many players make mistake of thinking that their streak of luck will last forever and continue to gamble until they eventually lose it all. This is mainly result of overconfidence and greed.

Chasing losses:

‘Chasing a loss’ is a term used to describe act of trying to win back money that was lost during a previous bet. The problem with this is that player stands to lose even more money. In this case, it is better to just accept loss and quit or continue playing for sole purpose of just having fun.

Maintain a low profile:

During late 18th century Roulette wheel became very popular when Prince Charles (ruler of Monaco at time introduced gambling to Monacco as a way of alleviating financial problems of region.

However, modern version of Roulette wheel did not appear until 1842 when Frenchmen Francois and Louis Blanc invented single "0" roulette game. The game was eventually brought to America in early 1800s.

However, single "0" modification was rejected in America and two zeros "00" where returned to Roulette wheel. The Roulette wheel gained a great deal of popularity in America during California Gold Rush.

There are two types of Roulette Games.

American Roulette Wheel

The American Roulette Wheel contains 38 numbers including 0, 00 and 1 to 36. Having two zeros (0, 00) gives house a 5.26% advantage. In other words, for every $100 a gambler bets, house will make $5.26 in profit.

European Roulette Wheel

The European Roulette Wheel contains 37 numbers including 0 and 1 to 36. Having one zero (0) gives house a 2.70% advantage. In other words, for every $100 a gambler bets, house will make $2.70 in profit.

Other differences between two Roulette Games