The Benefits of High-Risk Bets

High-risk gambling has gotten a bad rap over the years. Oftentimes, people assume it simply means acting irresponsibly or taking unnecessary risks for a larger reward. This, however, could not be further from the truth. In reality, high-risk plays are actually more effective than their more conservative counterparts. As counter-intuitive as this may seem, it’s surprisingly true.

Before delving into the science of high-risk gambling and its effectiveness, it’s important to discuss what exactly encompasses high-risk betting. Put simply, high-risk gambling is investing a larger amount of money for a great pay-off.

Due to the way casinos operate, it’s only natural that they constantly put themselves in a mathematically favorable position to win. After all, casinos wouldn’t last for very long, or remain profitable, if customers were statistically favored to win any outcome over time. With that in mind, it’s clear that playing conservatively is a doomed proposition. With a smaller bankroll, there are fewer opportunities to play, which means there are also fewer opportunities to win.

If a conservative playing style is ineffective at best, what’s the alternative? By bringing a larger bankroll into a casino, you afford yourself the opportunity to spend more time at chance based games, which in turn gives you a greater chance of hitting the odds in your favor. Why chance based games? Because, unlike skill-based games, those that focus on chance allow you more opportunities to play, as they are often not as time consuming. A game like roulette takes several seconds to complete and undertake again, whereas a game of Texas Hold’em can take several minutes just to see the flop. In order to properly take advantage of the statistical probability of winning, it’s incredibly important that you move quickly and repeatedly towards hitting certain chances.

Now, it’s important to mention that, while high-risk gambling is more rewarding, it does not act as a blanket excuse to play poorly. Responsible gambling and high-risk gambling are not mutually exclusive, so be sure to play smart with any winnings you earn. Do not immediately gamble it all away, but instead try to slowly burn off any portions of large wins that you accumulate.

Ultimately, gambling is about controlling and exploiting statistical and mathematical opportunities to your advantage. As opposed to low-risk gambling, high-risk gambling offers players the ability to control these statistics repeatedly by affording them the ability to play multiple times. Calling a flipped coin in the air one time is difficult, but having ten opportunities to call it correctly is much more doable. That is the essence of high-risk betting. While there may be periods of large losses, the high-risk gambler understands that this is simply the nature of the game. Today may be a loss of several thousand dollars, but tomorrow holds a win ten times that amount.

Think you’ve got a secret to high-risk betting? Be sure to let us know!