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But the odds are against you.

That’s why the casinos are still in business and make so much money. They’ve designed the games and payouts so that you can’t win in the long run. They even have a word for the mathematical disadvantage the games offer you—it’s called “the house edge.”

The good news is that the house edge is a long-term phenomenon. Anyone can win money gambling in the short term. In fact, if they couldn’t, the casinos would go out of business because no one would play there.

Some gamblers do a better job of winning money at Vegas casinos than others, though. This post looks at what they do differently so that you can do it, too.

1- Build a Gambling Bankroll

The first step to winning money in a Las Vegas casino is having a gambling bankroll. This is money that you’ve set aside for the purpose of gambling with. It should be money you don’t need for other purposes.

The reason you need a gambling bankroll is because you can’t win money without first risking money. That’s how gambling works. And if you don’t set aside money for this purpose, you’re liable to bet money you can’t afford to lose just to get into and/or stay in action.

How big a bankroll do you need?

If your goal is to stay in action forever at a negative expectation game, you need an infinitely large bankroll. Luckily, that’s not the goal for most thinking people.

You should base the size of your bankroll on your goals. Which games do you want to play? How much are you planning to bet at that game? How much time do you want to spend gambling?

If you want to play blackjack for $100/hand, you need more than $200 to get in any time at the table. Lose 2 bets in a row, and you’re out of action almost immediately. That’s no fun. Most people want to spend more than 5 minutes at the gambling table.

With a blackjack bankroll of $200, though, you might be able to play for an hour or 2 at the $5 tables.

Frank Scoblete offers interesting bankroll management advice for gamblers who play casino games. These are usually based on what it takes to make a quick win. Some of his money management techniques are misleading, as they don’t increase your probability of winning. But his bankroll management advice can help you avoid going broke before getting your fill of fun at the table.

Scoblete suggests having a bankroll of 1000 units for a casino visit, and dividing it up as follows:

800 units for blackjack
130 units for craps
10 units for roulette
10 units for baccarat
40 units for poker
1 unit for video poker
9 units for sports betting

According to Scoblete, this works out to this much gambling on your gaming activities:

4 hours a day for blackjack
2 hours a day for craps
1 hour for all the other games

Obviously, you can see that blackjack and craps are far and away his recommended games. In this respect, at least, Scoblete is on the money. These are probably the best 2 casino games you can play, especially if you can avoid the sucker bets at the craps table.

More about those in the next section…

2- Stay Away from the Sucker Bets

Some casino games offer nothing but sucker bets.

But what’s that mean?

A sucker bet is a bet that only suckers make because the house edge is so much higher than it needs to be. An example of a sucker bet is the game of keno, which usually has a house edge of 15% or higher. (And I’m being generous with that number—most keno games have a house edge of 25% or more, making it marginally better than the lottery, but not by much.)

Some gamblers think American roulette is a sucker bet because of its house edge of 5.26%. If you’re playing in a casino that offers both American roulette and European roulette (which has a house edge of 2.70% or 1.35% depending on the rules), American roulette is certainly a sucker bet. But if American roulette is the only option available, and if you really enjoy the game, it’s not really a sucker bet.

Other casino games, though, have multiple betting options. Some of them have a low house edge, while others have a ridiculously high edge. Craps is the best example of this kind of game. The basic bet in craps is the pass line bet, which has a house edge of 1.41%.

But the proposition bets at the craps table have house edge figures well in excess of 10%. You’d have to be a sucker to place a bet at a table that will result in 7X or 8X the losses in the same time.

How do you know which games and which bets are the sucker bets?

Just spend some time researching the house edge for various games. Baccarat, blackjack, craps, and video poker traditionally offer the best odds. Slot machines and keno are on the other end of the spectrum, offering the worst odds in the casino.

Most of the other games are somewhere in between.

Of course, unless you’re an advantage player (like a card counter), all casino games have a negative expectation. This means if you play long enough, you’ll eventually lose all your money. From the perspective of an advantage gambler, who only bets when he has an edge, all these casino games offer sucker bets.

But for the recreational gambler, your goal should be to get maximum game fun for the least amount of money. Your goal should also be to walk away a winner if you can.

Your best chance of doing so is to stick with the games with the best odds.

Poker games are another thing, entirely. That’s a game of skill, and I encourage you to learn to play poker and play it well. Since you’re competing with other poker players for their money, you don’t have to worry about a house edge. You just need to be more skilled than most of the other players at the table.

Sports betting is another thing, too. The bookmakers set up the odds so that they’re going to make a profit, so it’s hard to get an edge, but they’re not perfect. If you’re better at picking winners than they are, you can get an edge over the books, too. In fact, if you’re really good at handicapping, your best chance of leaving the casino with a lot of money is by putting money into action in the sports book.

3- Stick with a Strategy for the Game You’re Playing

Most games have no strategy other than avoiding the worst bets at the table. Some games require you to make decisions about how to play your hand, though. The latter are the games with the best odds.

No matter which kind of game you play, you should go into it with a strategy and stick with that strategy. Ignore your hunches and psychic insights about what’s going to happen next. Just make the best possible bets you can.

Roulette is a game with a simple strategy.

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