Gambling should primarily be viewed as a form of entertainment. But it’s also a good way to make quick money when luck is on your side.
This is especially the case when you’re playing casino games that have a low house edge. Some of these games offer nearly a 50/50 chance of winning.
I’ve actually taken advantage of this and gone into casinos with the mindset of winning a quick $100.
It’s important to understand that the house still has a long-term advantage when you try this. But you still have a decent chance to win with the right games and bets.
Keep reading as I discuss 9 different ways to make $100 in profit this weekend.
Many sports bettors like to wager on underdogs that they think are offering value. Meanwhile, they avoid heavy favorites due to the fact that they don’t pay much back.
Here’s a sample moneyline to illustrate my point:
Atlanta Hawks +300 Boston Celtics -400You need to bet $400 on Boston just to win $100. This is intimidating, because they’d have to win four out of five times for you to break even in the long term.
Meanwhile, the Hawks only have to win one out of four times at +300 for you to break even.
You can see why it’s tempting to take the underdog in this situation. But if you’re looking for the safe short-term bet, then the Celtics are it.
Obviously, the bookmakers think that Boston has a strong chance to win this game. And you merely need the Celtics to win – rather than cover a point spread – for a successful bet.
This means you can lay $400 on this contest and have a good shot to win a $100 profit.
When looking for moneyline favorites that can earn you quick money, focus on well-rested teams that are playing at home.
When an NBA or MLB favorite loses to an inferior team, it’s often because they’re weary from long road trips. A well-rested favorite has the energy and preparation time needed to knock off the lesser opponent.
Another point is to avoid backing huge favorites, such as a college football or basketball team with a -1200 line.
Obviously, the chances are good that the school will win when they’re favored by this much. But crazy upsets do happen, and you don’t want to be out $1,200 as a result.
Craps has several quality bets that give you a strong chance to win. And two of the best include pass line (1.41% house edge) and don’t pass line (1.36%.)
Here’s how a pass line bet works:
Wins when a 7 or 11 are rolled on the “come out,” or first roll of a new round Loses when a 2, 3, or 12 are rolled on the come out A point is established when 4, 5, 6, 8, 9, or 10 are rolled The point number must be rolled before 7 for pass line to winHere’s how a don’t line bet works:
Wins when a 2 or 3 are rolled on the come out Loses when a 7 or 11 are rolled on the come out Pushes when a 12 is rolled on the come out A point is established when 4, 5, 6, 8, 9, or 10 are rolled 7 must be rolled before the point number for don’t pass line to winMany craps players are happy with these wagers, because they have a low house edge. But you can actually improve your chances of winning even more by making “odds” bets.
Odds is a side wager that you can put behind either pass line or don’t pass line. The great thing about odds is that they don’t have a house edge, because they pay at true odds.
The end result is that you lower the overall house edge when backing pass line and don’t pass line wagers. Here’s how much the house advantage decreases when you make an odds bet:
| 0x | 1.41% house edge | 1.36% house edge |
| 1x | 0.848% | 0.682% |
| 2x | 0.606% | 0.455% |
| Full Double Odds | 0.572% | 0.431% |
| 3x | 0.471% | 0.341% |
| 3x-4x-5x | 0.374% | 0.273% |
| 5x | 0.326% | 0.227% |
| 10x | 0.184% | 0.124% |
| 20x | 0.099% | 0.065% |
| 100x | 0.021% | 0.014% |
A point must be established before you’re allowed to make an odds wager. You’re “taking odds” when wagering behind pass line and “laying odds” when betting behind pass line.
You want the shooter to roll the point number before 7 when taking odds. Here are the payouts for this bet:
2:1 on point numbers of 4 and 10 3:2 on points of 5 and 9 6:5 on points of 6 and 8You’re hoping that the shooter rolls 7 before the point when laying odds. Here are the payouts for this:
1:2 for points of 4 and 10 2:3 for points of 5 and 9 5:6 for points of 6 and 8One thing to keep in mind is that casinos cap the number of odds you can bet. The highest odds at most casinos range from 2x to 5x.
If you’re dealing with 2x odds, you could make a $10 wager and back it with another $20. All you have to do in this case is win four more bets than you’ve lost to make a $120 profit.
And the best part is that you’re only dealing with a .46% house edge on don’t pass line bets.
Blackjack has long been one of the best opportunities for you to beat the casino. This is especially the case if you master the strategy.
Blackjack strategy can seem intimidating to beginners, because there are so many things to remember. But all you need to do is find a blackjack strategy chart on the internet.
These charts show exactly what decisions you should make based on your score and the dealer’s upcard.
If you’re playing online blackjack, you can simply refer to the chart on every hand to make sure you’re making the right decision.
If you’re playing at brick-and-mortar casino, then I recommend studying the strategy chart before playing. The reason why is because casinos frown upon anybody who’s slowing the game down by constantly looking at their chart.
In any case, you shouldn’t have much trouble getting the strategy down.
The next piece of the puzzle is to find the best rules. This is hard to do in land-based blackjack, because many casinos have skewed the rules in their favor.
But you can still find both land-based and online gaming providers that offer you a good chance to win. Here’s a short list of the best live and online blackjack games based on the rules:
El Cortez (Vegas) – 0.30% house edge w/ $5 stakes Microgaming online casinos – 0.31% house edge w/ $2 stakes Arizona Charlie’s Boulder (Vegas) – 0.34% house edge w/ $5 stakes Boulder Station (Vegas) – 0.34% house edge w/$5 stakes Betsoft online casinos – 0.35% house edge w/ $1 stakes Playtech online casinos – 0.35% house edge w/ $2 stakesOne of the riskier ways that you can quickly accumulate $100 is by using a large bankroll. This lowers your risk of ruin, or the odds that you’ll lose everything when trying to hit your target goal.
Allow me to demonstrate by using a risk of ruin calculator:
I have a $2,000 bankroll that I break down into 100 units ($20 each) My goal is to win 5 units ($100) The house edge is 1% (enter 49.5 win rate) My risk of ruin when trying to reach the target is only 10.84% Now let’s say that I only have 10 units ($200) to win 5 units. My risk of ruin then jumps up to 36.71%Simply knowing your risk of ruin and having a bigger bankroll doesn’t magically reduce the house edge. In fact, the 10.84% chance that you could lose $2,000 chasing your goal is scary to many players.
But having a large bankroll does give you a cushion for downswings.
If you were to go on a long losing streak with $200, chances are that you’ll eventually run out of money before winning $100. But $2,000 allows you to absorb these losing streaks until your luck turns around.
French roulette has two big things going for it when compared to other roulette variations:
It’s played on a European wheel (37 numbers), which only has one house-friendly pocket It offers the la partage rule, which pays half back on losing even-money bets that land on zeroThe second point is what differentiates French roulette from European roulette. Both are played on the same style of wheel, but only the French variation offers la partage.
The end result is that French roulette has a 1.35% house edge. This is twice as good as European roulette (2.70% house edge) and nearly four times better than American roulette (5.26%.)
Considering that French roulette gives you such a good chance to win, you can quickly win $100 through $25 or $50 even-money bets.
The key here, though, is that you must place even-money wagers like red/black, odd/even, and high/low. La partage doesn’t cover anything else, making all other bets subject to the 2.70% European roulette house edge.
Also keep in mind that French roulette is really hard to find outside of Europe and Las Vegas. If you’re not planning a Vegas trip any time soon, then you can only find this game online at either Microgaming or Realtime Gaming (RTG) casinos.
One way to quickly accelerate your gambling winnings is by using a betting system. Specifically, you want to use a positive progression strategy, which involves increasing bets after wins while decreasing wagers after losses.
The Paroli is one of the most famous positive progression systems.
This sees you double bets after every win, with the goal of winning three consecutive wagers. You then return to the original starting bet after three consecutive wagers – win or lose.
Here’s an example:
You bet $10 and lose You bet $10 and win You bet $20 and win (third bet) You bet $10 and win You bet $20 and win You bet $40 and win (third bet)The cycle continues after every third wager, and the hope is that you can capitalize on short winning streaks.
The reason why these cycles are capped at three wagers is because the odds of you winning four consecutive bets are rather low.
An even simpler positive progression system is the One Half Up.
This sees you increase your wager by one-half after winning two bets in a row. You return to the original starting wager following any loss.
Check out the example below:
You win a $10 bet You win a $10 bet (increase by half) You win a $20 be You lose a $20 bet (return to starting amount) You lose a $10 bet You win a $10 bet You win a $10 bet (increase) You win a $20 bet You win a $20 bet (increase) Your next bet is $30Gambling systems can’t beat the house edge, but they can accelerate your short-term profits. And this is perfect for those times when you want to make $100.
Baccarat has become a very popular game, because it has a low house edge and doesn’t require much strategy.
In fact, all you need to do is bet on the banker hand beating the player hand every time. This lowers the house edge to 1.06% when accounting for the 5% commission from winning banker bets.
Few casino games are as good as baccarat when it comes to pursuing a $100 profit. The house advantage is really low, and you don’t need to master complex strategy to win.
The only true question involves figuring out how much you’ll wager on the path to $100.
You could try to win 10 bets at $10 apiece. Or you can increase your wagers to $25 and reach your goal in four bets.
Even if you don’t collect a profit, the good news is that you shouldn’t accumulate heavy losses thanks to the 1.06% house edge.
Ashley Revel is one of the biggest gambling legends of all time.
The UK native sold all of his possessions to accumulate as much money as possible for a single roulette wager. When the fire sale was over, Revell had earned over $135,000.
He then took this money and travelled to Las Vegas, where he put the entire amount on “red.” The event was so fascinating that Sky One created a TV mini-series around it called Double or Nothing.
Revell’s gamble paid off when the ball landed on red 7. He launched into a big celebration after doubling his money to $270,000.
I certainly don’t recommend putting all of your assets on the line for a single wager. But you can still get reasonable thrills out of putting $100 into an even-money bet.
Some good even-money options you can choose include the baccarat banker bet, the craps wagers discussed before, and French roulette.
Daily fantasy sports (DFS) offers many different contests, ranging from big tournaments to heads-up games.
The heads-up matches are good for anybody who’s trying to win a specific amount of profit. In this case, you can bet $100 ($110 w/ fees) on a single heads-up game.
This theoretically gives you a 50/50 shot at winning. And it’s a bonus if you enjoy sports, because you get to pick your lineup based on the salary cap.
But one thing to consider here is that crafting your lineups requires skill and knowledge. Therefore, you could be a big disadvantage if you’re facing off against a really skilled DFS opponent, especially at $100 stakes.
You’ll find less-skilled opponents in the lower buy-in ranges. This means that you can place a number of $5, $10, and $25 entries in various heads-up contests.
If you like skill-based games like blackjack, then you’ll really appreciate trying to win $100 in DFS.
You’ll notice that all of the games I’ve covered here give you close to a 50% chance of winning bets. These wagers are perfect when going after a desired profit, because there’s lower volatility (variation in short-term results.)
In contrast, slot machines, video poker, keno, the lottery, DFS tournaments, and poker tournaments are the worst when trying to win a specific profit.
The problem with these games is that the payback is unevenly distributed between prizes. Given that these games all include jackpots, you’re going to win far less frequently than with blackjack or baccarat.
DFS and poker tournaments are similar in this regard, because they offer large payouts to the top finishers.
These volatile forms of gambling make it hard to win $100 any time in the near future. Instead, they’re good for chasing big payouts that take a while to win.
That said, try one or more of the 9 ways covered here to win yourself $100 this weekend.
The post 9 Ways to Make $100 Gambling This Weekend appeared first on GamblingSites.com.
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