High Stakes Or Lower Risk Games?
Which one is more advisable? I think it’s a bit limiting and boring to stick to just one of these two wagering styles.
Just a few gamblers remain in one of these sections and this is because there are times when you feel lucky, and you will try your luck with these big wagers, there are other players that believe in the principle of staking low in games that they are not too familiar about and reserve their high stakes for the games that they know. The purpose of this article is to look at these two styles and consider which one is safer when gambling at a particular sport.
For example, when a gambler decides to place a bet and continues to play until he has no more money to bet with, there is the ante that must be paid before the start of each bet. The gambler will need to place a bet that is greater than the ante for a few times, and he will need to win one of these rounds if he intends to continue playing.
High Stakes Or Lower Risk Games?
Styles of Betting
The gambler has two types of a bet to pick from which are: high-risk, high-rewards bet or low-risk and low-rewards bet. These options have been designed to be the same as their payoff. Although the payoff is the same, the two bets do not have the same game duration for the gambler.
Let’s consider the first style which is the high-risk and high-rewards betting. This basically means that you high stakes a large sum of your money on each play. Using instance live dealer games as an example, this style of betting is considered the norm because the minimum that you are allowed to bet is relatively high to start with.
One of the advantages of low-risk and low-rewards bet is that you get to play more games and although the wins will be small, you can stack that up. Also, Slot games are the best example of low-risk betting which you can turn into something big.
Percentage of gamblers surviving after 10, 20, and 40 rounds of games with the same fixed expected payoff, ante, and initial funds, but a choice between various probabilities of winning the payoff (x-axis). In this example, the ante is fixed at 4 and the expected payoff is 3, giving negative expected value (-1) in playing around. Given initial funds of 12, players have the best survival rate from 10 rounds if the choose high-win-probability, low-risk game, but games with more rounds call for a lower-win-probability, higher-risk strategy.
Which Style is Safer?
With high stakes betting, it is true that you will lose more on each win, but if you also win, then you know your payout is going to be massive too. High-risk betting is adrenalin pumping exhilarating experience and the higher the risk, the larger the win.
You can be sure that you will often win and to make it better, the minimum wage that you can bet is as low as 0.01. If you are the type of gambler that is not really a fan of taking risks or maybe you just started gambling, it’s always advisable to start small.
Which Style is More Rewarding?
It has been proven that the level of risk that gives a gambler the best chance of winning depends largely on how long he or she can survive in the game. This means that staying in the game for long gives you more options and it’s more reasonable and definitely rewarding in the long run than the high-risk and high-reward type of betting.
In conclusion, if you are not looking to hit the high stakes jackpot and retire to a tropical island if all you want is to have fun and win some extra money while doing so, then you should start with the low-risk wagering style, and you can build up from there.