In almost all professions, implicit or unwritten rules apply as to what should or shouldn’t be done. These are generally referred to as rule-of-thumbs and represent no-brainers that should definitely be abided by. The same applies to betting, and more specifically, gambling. There are some things that one should absolutely adhere to and other things that should never even cross one’s thoughts. In this article, we’ll take a look at the 10 commandments of betting.
#1 – Don’t Cheat
This doesn’t really need much explanation. If you don’t cheat yourself or the system, you’ll be much better off in the long-run.
#2 – Honor Your Debts
Debts due to the accumulation of losses should always be paid up, no matter what. Unless you’re someone who doesn’t care about your reputation, you’ll gladly honor your debts – what goes around comes around.
#3 – Expect To Lose
You may have proper rules set in place and a sound strategy. However, when it comes to gambling, the house always has an edge and you should expect to lose (at least sometimes). Think of it as a price for entertainment and you’ll be able to have fun even when you lose.
#4 – Trust The Odds Instead Of Your Emotions
The odds are available to you for a reason. Additionally, there’s the saying, numbers don’t lie. This couldn’t be more true. Trust the odds instead of letting your emotions and intuitions dictate your decisions.
#5 – Never Bet More Than You Can Afford To Lose
This is one sure-fire way to ruin your life. Again, the saying goes – know your limit, play within it. Never gamble more than you can afford to lose or you’ll end up losing more than just your money.
#6 – Don’t Believe In Betting Systems
There are countless people trying to sell worthless or bogus betting systems. Chances are, someone with a legitimate betting system won’t be that eager to advertise it and sell to others – they’ll want to maintain the edge to themselves. If it’s too good to be true, it mostly likely is.
#7 – Don’t Hedge Your Bets
When it comes to the stock market and sports betting, hedging is a viable strategy. However, hedging in the context of gambling tends to favor the house much more so than yourself. For example, taking insurance when playing Blackjack definitely isn’t the smartest move.
#8 – Know The Rules
Since different casinos may vary in terms of their house rules, be sure to know these rules upfront in order to avoid potentially nasty surprises. Improve your odds by playing at casinos with rules that are more in favor towards the player as opposed to the house.
#9 – Don’t Make Side Bets
Side bets are very commonly known as sucker’s bets and you should never get tempted into playing these types of bets. Stick to simple straight up bets. Anything that has the word “side” in front of a term is probably mediocre at best.
#10 – Maintain Proper Gambling Etiquette
It’s one thing to be able to win, but it’s another thing to have the people gambling around you respect and enjoy your presence. Be aware of the proper etiquette, whether it be the level of noise you can make or the dress code. Keep in mind that gambling is a form of enjoyment and you should put in somewhat of an effort to make the people around you enjoy being in your presence.