Diversifying or focusing on one game is one of the big choices that you have to make when you visit a casino. What are the potential benefits and drawbacks of both? Which strategy should you go for? Does it make a difference? There are a lot of questions around the two choices, which when you break it down are actually quite easy to answer.
When it comes to diversifying, this is a relatively simple strategy. Diversifying means spreading yourself out across a number of different entities – in this scenario, it means casino games. How does a diversification strategy work in a casino? There are two ways to approach it.
The first way is the losing streak strategy. You start off by playing a game – it can be any game, say blackjack, for example – and you play the game until you are on a losing streak. You then stop playing the game and choose another game to play. It can be anything you like – let’s say roulette. You then play that game until you hit a losing streak. This strategy has the advantage of ensuring that you will never remain at a game for long if you hit a losing streak, but it does have the drawback of you possibly missing out on your luck turning.
The second way is the winning streak strategy. Again, you start off by playing a game. It can be any game you like – we can start with roulette this time. As soon as you hit a winning streak, you walk away from the game and start to play something else. Maybe you feel like blackjack is the game for you now. You then play at the table until you hit another winning streak. The advantage of this strategy is that you will always walk away when you are on a winning run, so you will always be leaving on a positive. The drawback is that you might go through some bad losing streaks to get to a winning streak.
Both diversification strategies have positives and negatives that weigh up against each other. It all depends on your own preferences. If you like to play through your bad patches, then the winning streak strategy is for you. If you like to walk away from losing streaks before they drag you in, then the losing streak strategy is for you. It all depends on what you prefer.
The focusing strategy is a much simpler strategy to explain and it has fewer nuances to it when compared to the diversification strategy. Firstly, as the name says, with the focusing strategy, all you have to do is focus. You choose a game that you want to play and then you stick to that game the whole time you are at the casino. For example, if you choose a video slot at the start of the evening, then you will stick at the same slot the whole time you are there.
There are a number of different reasons why you might choose a game to play. One of the biggest reasons why you would choose the focusing strategy is because of your skill level. If you are particularly good at baccarat, poker or blackjack, then it makes sense for you to play whichever of those games you are good at. Your skill level will dictate whether you feel like you can play through a losing streak to turn a profit or not. If you are a skilled player, then a focusing strategy is undoubtedly the most sensible path to choose.
One of the biggest benefits of choosing to focus your gaming is that you are more likely to know when it is the right time to quit. When you diversify, you regularly change games, which could make you end up making bad decisions. Of course, the flip side to this is that if you focus and choose to leave a game early, then you could be walking away from your luck changing and end up leaving a big win at the table.
A mixture of both strategies is also a possibility. If you are particularly skilled at a particular game – for example, blackjack, then it does not make sense for you to move on to other games. If you are not as skilled at roulette, then moving away would just put you in a situation where you are more likely to lose. How do you diversify while also still focusing? It is quite simple when you think about it. If you are in the middle of a big losing streak, then simply move to a different blackjack game.
The advantage to this is that you will be able to make a fresh start, or it will at least feel like one, while still taking advantage of your superior skills. You are then able to break your losing streak without having to move on to a game in which you will not get the benefit of your superior skills.
This is also able to be put into practice on video slots. The beauty of video slots is that there are so many from which to choose. If you are on a bad run or have just got fed up of the slot you are playing, then it is a simple task to just move to another game. While video slots are less about skill than the table games, it is still possible to just enjoy them and experience as many as possible.
The best thing about mixing the two strategies is that you can attempt to get the benefits of both strategies while avoiding the drawbacks.
When it comes to deciding where to test out your chosen strategy, there is really only one place worth choosing: Bitcasino. With a huge amount of different games on offer, you can choose to focus on one particular game, diversify to test out a wide range of games, or do a mix of both. We have everything from roulette to video slots, so no matter what you want to play, we have something for you.
Make sure that your strategy is tested at the best place around. Come and try it out at Bitcasino.
Words: Sean McNulty
Images: Shutterstock and Bitcasino