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Go to any casino and you’ll find plenty of games to play, all with their own set of rules and strategies! Look online and you’ll find a lot of articles detailing some of the easiest games to win in a casino, although these articles are good at what they gloss over, we find that they tend to leave out a few bits and pieces that could prove dividends once you step towards your table of choice.
This is an article for beginners and veterans looking for a quick recap, so don’t go thinking that we’re picking favourites. Before we go into some of the easiest casino games out right now at Slotsbaby.com. The first thing that you should know is that succeeding isn’t always guaranteed, some games rest on solid strategies and practice — if you are without one of these ingredients your success rate will vary. Now, without any further adieu, let’s get into it!
One more thing…
Casino games can be somewhat confusing depending on the sort of player you are. We would highly recommend you find one game you’re familiar with and sticking with it. The word ‘easy’ suggests that anyone can just step in and succeed, but isn’t difficulty subjective? Yes, you will find certain table games to be a lot more streamlined than others, but this comes down to what your form is like on the day — we all have off days, don’t let it deter you.
Wide Variety At Your Disposal
First thing you need to know is that there is a lot to play in a casino — try not to be intimidated, you’re here to win and win frequently. To gain a winning mentality you first need to gain an understanding of what you’re getting yourself into. Testing every single one of the casino games you see is a great way of getting a feel for what you’re playing. Whether you win or loss here is irrelevant, if you think that just reading this and going straight into a casino game is easy then you should just stop reading now…
House Edge
If you care at all about the amount of money you are coming away with then you might want to check out the house edge for each casino game you partake in. To those of you unaware of the house edge. The house edge will vary depending on the game you play, it is essentially the amount of money the house will get from every bet you place on a game.
Blackjack is normally the best game to play for the lowest house edge with some versions having only a 1.5% house edge minimum, again this will vary depending on where you go to get your fix of 21! Poker/roulette tends to follow, averaging out at around 2.5% — some poker games can go as high as 5%, if you care about house edge then be sure to read up on all of that stuff before you even think about placing a bet.
Blackjack
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One of the easiest casino games out right now, one that you might have seen played on some of your favourite films/tv shows. Otherwise known as 21, the game is simple, outplay the dealer and cause them to ‘bust’ by going over a certain number using the cards in their hand/on the table. The risks are definitely worthy of the rewards in blackjack, all you have to do is know the difference between a hard hand and a soft hand and you’re sorted.
There are plenty of strategies out there for one to implement when playing blackjack, some involve counting cards — the act of counting cards is considered illegal in many casinos, but if you are feeling lucky you are more than welcome to try if you’re not having a good night at the table. Novice players will find blackjack to be the perfect entry-level casino game when compared to the others we’re about to mention.
Roulette
The casino game that uses a wheel to determine winning outcomes, roulette is definitely worth checking out, especially if you are someone new to the world of gambling. Unlike blackjack, in roulette there are multiple ways you can bet and ultimately win — you have bets that involve betting on the various numbers you see printed on the wheel, odd/even numbers, or the colour of the section a small ivory ball sits in once it slows down and stops.
Betting on either red or black is consider idiot-proof in a lot of scenarios depending on the amount of money you are setting down on the table. Chips are used to bet in roulette, to play all you need to do is have your chips sitting on the bet of your choice on the table before a dealer kicks off the game! Betting on red/black provides you with an easy 50/50 chance of winning, making it relatively easy to make money if you’re keeping consistent.
Slot Machines
If all else fails get yourself to a slot machine! We shouldn’t have to tell you what they are or how they work, but every casino has them sitting somewhere, each with their own distinct layout symbols in some cases. The goal in a slot machine is simple, all you need to do is align three of the same symbol to get a pay out. Every symbol you see here will give you a different number, bells and lucky seven symbols are normally the best on the board!
Slot machines are fantastic at making easy money since all you have to do is pull a lever and watch as the reels spin out in front of you. When we say that anyone can perfect a slot machine we mean it but if you need practice we’d recommend looking online, there’s plenty of slot machines out there that simulate the real deal — some you can actually win real-life money with too!
Back in 1936, the great economist John Maynard Keynes articulated a warning about stock market speculation that still applies today: “When the capital development of a country becomes a byproduct of the activities of a casino, the job is likely to be ill-done.”
Recent shenanigans over video game retailer GameStop (NYSE: GME) and movie theater operator AMC (NYSE: AMC) come to mind, as insurrectionist investors use social media chatter to bid those stocks to nosebleed heights, as part of an effort to not only make money but also hurt institutional short sellers.
We’ve been witnessing a highly volatile week, exacerbated by casino-like speculation over stocks such as GameStop and AMC. The following chart depicts the extraordinary up-and-down activity in GameStop’s stock over the past three months, which plunged 44.29% Thursday after a meteoric rise:
Charles Schwab, Interactive Brokers and stock-trading app Robinhood on Thursday restricted the amateur “flash mob” traders who have been pushing up the prices of so-called meme stocks such as GME and AMC. The moves by the brokerages sparked outrage from lawmakers and regulators who claimed it was a double standard that hampered free markets and favored powerful investors. Robinhood users on Thursday filed a class action lawsuit against the broker’s decision. GameStop was surging again in early trading Friday morning, after Robinhood lifted trading restrictions.
Apple beats (but falls anyway)…
After sharply falling Wednesday, the three main U.S. stock market indices soared Thursday on stimulus and vaccine hopes. The Dow Jones Industrial Average rose 299.83 points (+0.99%), the S&P 500 climbed 36.61 points (+0.98%), and the tech-heavy NASDAQ jumped 66.56 points (0.50%).
Thursday before the opening bell Apple (NSDQ: AAPL) released operating results. The Cupertino giant reported first-quarter fiscal 2021 earnings per share of $1.68, beating the consensus estimate by 19.2% for a year-over-year increase of 34.4%. Sales jumped 21.4% year over year to $111.4 billion, surpassing the consensus estimate by 8.7%.
Sometimes, though, there’s no pleasing analysts. Wall Street expressed concerned that customers in Apple’s latest quarter weren’t replacing their iPhones at the same rate they once did. AAPL shares Thursday fell 3.50%.
In pre-market futures trading Friday, stocks were trading lower. Buckle up, because roller-coaster trading will be the norm for a while. I’m bullish about 2021 overall, but the pandemic and the continuing threat of violent political extremism (such as we witnessed during the January 6 Capitol riots) will keep investors off balance over the near term. Excessive speculation, as reflected by the GameStop frenzy, also is fueling volatility.
U.S. Sen. Elizabeth Warren (D-MA) had this to say on Wednesday:
“For years, the same hedge funds, private equity firms, and wealthy investors dismayed by the GameStop trades have treated the stock market like their own personal casino while everyone else pays the price.” She concluded that it is “long past time” for the Security and Exchange Commission and other regulators “to wake up and do their jobs.”
Under these uncertain and volatile conditions, there are at least two measures you can take to protect your portfolio. Let’s quickly review them.
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You have options…
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Part of my overall investment strategy is to buy stocks at cheap prices during fear-induced general market selloffs. Options can facilitate this strategy.
For buying stock cheap during selloffs, I recommend selling puts. For example, let’s say you’d love to buy a stock if it fell in price to $30. Rather than place a limit order to buy 200 shares at $30, you could sell two put options with a strike price of $30 for, hypothetically, $2 per share. If the stock closes below $30 at expiration, the put option would be exercised by the put buyer and you’d be required to buy 200 shares of stock at the $30 strike price.
The benefit of buying your stock through option exercise rather than a limit buy order is that you get paid an additional $2 per share in income, making your net purchase price only $28.
The great thing about this option-selling strategy is that you can rest easy without worrying about options expiring worthless. You aren’t speculating on stock movement within a limited time period. Regardless of how the underlying stock price moves, selling options reduces the cost and downside risk of your stock ownership.
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The only risk, if you can call it that, is you will make less money than straight stock ownership if the stock price skyrockets upward. But missing out on a speculative upside gain is much less painful than losing money…especially under today’s crazy conditions, with the indices posting wild swings and guerilla insurgents on Reddit making mischief.
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Another protective tactic is to use stop loss orders. One of the most widely used devices for limiting the level of loss from a dropping stock is to place a stop-loss order with your broker. Using this order, the trader will pre-set the value based on the maximum loss the investor is willing to tolerate.
If the last price drops below this fixed value, the stop loss automatically becomes a market order and gets triggered. As soon as the price falls below the stop level, the position is closed at the current market price, which prevents any additional losses.
The upshot: sit tight and don’t get rattled by headlines. During the market’s dizzying twists and turns, remember your goals. Our investment team is here to guide you, every step of the way.
In the meantime, I suggest you take a look at our new report: “5 Red Hot Stocks to Own in 2021.” In this report, we provide the names and ticker symbols of high-quality, rock-solid growth stocks that are poised to soar this year. Click here for your copy.
John Persinos is the editorial director of Investing Daily. You can reach John at: mailbag@investingdaily.com. To subscribe to his video channel, follow this link.