How To Earn Money Online Casino

How To Earn Money Online Casino Average ratng: 3,9/5 6497 votes

In the 1-on-1 game of blackjack there are only 2 bettors in your game: you and the casino. The casino is willing to pay up to the full amount of your bet if you win. It’s an even money match up, and that is really what makes blackjack so profitable for a casino. They risk less per round than they do with, say, roulette or a slot game. Online real money gambling is spreading worldwide and is expected to continue to grow in the coming years. Online gambling revenues are growing at the incredible rate of 10.81% CAGR. $12 billion in revenue was earned in 2005, $29.3 billion in 2010, $44 billion in 2016 and is estimated to reach $82 billion by 2022.

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Gambling is taking a risk of losing something of value on an unpredictable outcome. When you gamble at either an online or land based casino both you and the casino take a risk in losing something of value. The risk is greater for you because the casino only offers games that provide a statistical advantage to the casino.

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However, much statutory and some case law has been devoted to ensuring that casinos and players don’t cheat each other by subtly altering the conditions of gambling games without each other’s knowledge and permission. You can, though, change the terms of the game. The casino often provides a way for you to do this.

But should you take the offer?

There are two things you need to understand before you can start improving your chances of winning when you gamble. First, you can change the outcome of a gambling game. Second, you will almost always confuse yourself if you try to do the math. These two most common of gambling mistakes help the casinos earn tens of billions of dollars every year.

How You Change the Outcome in a Gambling Game

Many casino gambling games allow and even encourage players to change the stakes, the odds, and even the percentage chances of winning. Here are a few examples of how you can change the outcome of a gambling game (almost always for the worst).

Say you are playing a slot machine game and you win a prize on a spin. A special “Gamble” button lights up. You are now prompted to play a secondary game, maybe betting on the outcome of a virtual coin toss, using the prize you just won as the stake in your new bet. This is an exciting feature. It also means you are risking the loss of what you just won on a game with a better “edge” for the casino.

Most slot games have a theoretical return to player above 75%. Games developed after 2010 usually have better than a 90% theoretical return. The RTP is an estimate of how much money would be retained by a hypothetical player who spun the reels continually for a period of several years. It’s not a realistic estimate of how much money you will win, lose, or hold on to. It’s a statistical measurement used to gauge how friendly the game is to the gambler.

In a coin toss the theoretical return to player is 50% or 1 in 2. So let’s assume you just gambled $5 on a spin in the basic slot game and that you won $10. You have doubled your money. Now the “Gamble” light activates and you are invited to take your $10 and bet it on the outcome of a coin toss. And suppose the “Gamble” feature allows you to wager on the outcome of two concurrent coin tosses. Now you have a choice: bet on 1 coin toss for a chance to double your $10 to $20 or bet on 2 concurrent coin tosses for a chance to quadruple your money.

Your chances of winning the double concurrent coin toss are 25% or 1 in 4.

You would have a better chance to keep your $10 prize and just spin again on the basic game. By taking the “Gamble” challenge you improve the casino’s chances of winning your next bet. It’s like paying $5 for a quarter of pie at one restaurant and then paying another $10 for an eighth of a pie at a different restaurant. Are you really getting a better piece of pie at the second restaurant?

In the game of blackjack if the dealer offers you insurance most experts tell you not to take it. Why? Because you are betting that you will lose your basic wager. The chances of being correct (that the dealer has a blackjack) on your insurance bet are worse than the chances that you can beat the dealer’s hand (your original wager).

The bottom line here is that casinos will sometimes offer you ways to change your stakes and your chances of winning to their own benefit. If you want to win at gambling, don’t take the deal behind door number 2. Stick to your original game and be consistent. Let someone else win the goat.

How to Confuse Yourself at Any Gambling Game

There is a certain idea among gambling experts that comparing the “house edge” in various gambling games helps you to make informed choices. The edge is a theoretical return to the casino, the complementary percentage for the theoretical return to player. In other words, in every form of gambling, there is only a 100% allocation of money. Gambling does not generate new wealth; all gambling does is pool wealth between the bettors and redistribute that wealth between the bettors (and sometimes also a middle man).

In the 1-on-1 game of blackjack there are only 2 bettors in your game: you and the casino. The casino is willing to pay up to the full amount of your bet if you win. It’s an even money match up, and that is really what makes blackjack so profitable for a casino. They risk less per round than they do with, say, roulette or a slot game. But if you have been reading blackjack tutorials you should know by now that the house edge is lower in blackjack than in other games, and therefore you have the best chance of winning in blackjack.

In fact, the dealer has a better chance of coming out ahead because at a busy table the dealer is playing multiple hands at once by the most conservative of rules. In other words, the casino is taking less risk per round in blackjack than the players while at the same time multiplying its chances of winning.

Players make mistakes when playing blackjack. Blackjack dealers don’t have to make hard decisions. In fact, by always going last the dealer often doesn’t have to make any choices at all. The players make most of the decisions in blackjack. And yet blackjack remains profitable for the casinos. The casinos are profiting from player mistakes.

Players make several types of gambling mistakes. One of the most common mistakes is to confuse the probability of winning with the theoretical return to player. The probability of winning is limited to the next round of play. The theoretical return to player is an estimate of what all the players of a game will collectively receive over the life of a specific game (or an arbitrarily large number of rounds in the game).

The rule of thumb is that the more rounds played for a given game the more the actual results of that game will average out close to the theoretical return to player (or the house edge).

But what are the chances of your drawing a natural blackjack on the next deal? What are the chances that the dealer will not win against you on the next deal? These are probabilities that can be computed on the basis of how many cards are left in the shoe, less the cards that have already been played. Those probabilities change as more cards are played but they rarely if ever line up with the theoretical return to player.

The mistake players make is assuming that the house only has a 2.5% chance of winning the next round. The dealer’s chance of winning that next hand can be as high as 100% and as low as 0%. The house edge is always irrelevant with respect to any individual round played on any gambling game from keno to slots to blackjack to baccarat.

When you gamble, it’s nice to know how much money the house is expected to retain over the next 30 days but that won’t help you predict how much you win or lose in any of the next 10 rounds of play.

Expert gamblers like to calculate probabilities but probabilities do not predict the next round’s outcome. The roulette wheel always has a 1 in 37 or 1 in 38 chance of landing on any given number. The chance that the ball will land on number “7” 100 times in a row remains 1 in 37 or 1 in 38. That never changes (allowing for truly random spins, although the laws of physics mandate that the spins won’t be completely random).

On the other hand, what is the expected probability of a random spin of the roulette wheel producing “7” 100 times in a row? This is where you multiply your individual spin probability (1/3x) by itself the number of times in a row (100 in this case). The expected probability of the wheel hitting “7” 100 times in a row is 1.51296e-157 (a very, very small number). But that low probability has no bearing on the probability of the next spin.

This is the dichotomy of probability theory, where you are dealing with large sequences of independent events. The expected probability does not mean you cannot or will not see the unlikely outcome. In this hypothetical example, we are simply computing how many possible outcomes there are and assuming the chances of producing the same result 100 times in a row are equivalent to a certain percentage of those possible outcomes.

Unfortunately (even semi-) random events have a way of defying the probabilities. But if someone offers you 100-to-1 odds that a roulette wheel will land on “7” 100 times in a row, verify their ability to pay and take the wager. They lose as soon as a different result turns up before the 100TH spin.

The bottom line here is simple: don’t try to do the math like an expert. Random chance will always eventually prove the experts wrong.

What You Must Do to Improve Your Chances of Winning

Here are a few basic rules for improving your chances of winning when you gamble.

  1. Stop second-guessing yourself.

Every casino game offers you a fair chance of winning. The games, when played fairly and legally, pay prizes that correspond to the expected probabilities of given outcomes, although casinos will hold back a little bit extra in most games to ensure they make some money. Hence, in roulette, the most you can win is 36-to-1 instead of 37-to-1 or 38-to-1.

The odds are always stacked against you. But random chance favors the fool, as the old saying goes. You just cannot guarantee you are the fool upon whom random chance showers its favors.

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  1. Take the least possible risk.

In a hypothetical game where you win 100 rounds out of 100 rounds, you will kick yourself if you only wager $5 on each round for the chance to win $5 instead of wagering $100 on each round for the chance to win $10,000 on each round.

In reality, positive thinking doesn’t work when you gamble. The more you assume you could win the more you are likely to lose when you do lose.

Risking less does mean you win less per round but that’s okay.

  1. Manage your money so that you play as many rounds as possible.

You are more likely to win back $100 in wagers if you divide them into twenty $5 wagers than if you divide them into five $20 wagers.

Instead of playing numbers games (which is second guessing yourself) or assuming you will win a certain number of times (which is taking more than the least possible risk) you should assume you are going to lose more rounds than you win. When you play slots or even a modest keno game (like a 5-pick) you can still come out ahead when you play more rounds with small wagers than fewer rounds with large wagers.

But how does playing conservatively work in blackjack, when the average prize is an even money bet? If you lose only 49% of the rounds in blackjack you lose. Okay, smart guy, you know you need to double down a few times. Instead of playing numbers games and assuming you can lose X number of hands and double down on Y hands, just accept that once in a while you’ll have to double down to improve your chances in blackjack.

When should you double down? The experts agree that if the dealer is showing a 5 or 6 and you have an ace and anything less than a 7.

You don’t need to double a lot as long as you can double enough to come out ahead.

  1. Don’t try to win big.

That’s the real fun in gambling, though, isn’t it? You want to win the jackpot, hit the long odds, and outwit the dealer at every hand.

Going for the big win is the worst possible way to gamble. You may not be playing all-or-nothing but you are playing too much.

Still, you can adjust the amount of your wagers upward if you are doing well. Just keep them proportionate to your bankroll.

  1. Use a consistent percentage ceiling in your wager to bankroll ratio.

Although it is prudent to limit your initial wagers to 5% of your original bankroll, at some point you may double or triple your money. Does it make sense to continue playing by the original 5% measure?

Most gamblers will feel confident enough to increase their wagers. But while it’s usually good advice to ignore all betting systems when you gamble (because each has its flaws), you can set a limit of “5% of your current bankroll down to half”, meaning you gamble with $5 bets until you lose half the money you came in with.

If you double your money then you can double your wagers as long as you don’t go above 5%.

Five percent is not a magic number. You can set the percentage at 1%, 5%, 15%, or even 20%. You should be consistent about not going above your percentage. You still have the flexibility of making larger wagers if you roll up your money.

  1. Divide Your Bankroll At Certain Split Points.

This technique works best in land-based casinos, especially when you can put your money into tickets that are easy to carry around. A split point is a multiple of your bankroll. Say you begin gambling with $200 and you roll that up to $400 at the craps table. Now take half your money and put $200 of it into a ticket.

You can continue playing craps with the remaining $200 or you can try another game. When you roll up your second $200 to $400 again you split the money into another ticket plus money to play with.

After you have 3 or 4 tickets you can rotate them. Never play a ticket all the way down. Leave at least a few dollars on it so you can leave the casino with some money (and a little dignity).

When you gamble online it makes some sense to shift money from the game balance back to your main account. As long as you have money in your game account you should be good. It helps you to stay focused on conservative betting if you take money out of the game when you get ahead of your original bankroll.

  1. Play with Casino Bonus Money Whenever Possible

Land-based casinos may not offer you signup bonuses but many online casinos do. Play conservatively with the casino bonus money to increase your chances of fulfilling your wagering requirement with just the bonus money. While that won’t always happen the longer you can delay putting your own money into the game the better the chances you’ll start winning.

You can try this strategy with the “no deposit” welcome bonuses some casinos offer but they do limit how much credit they extend to you. You have more bonus money to work with when you accept a deposit match bonus.

  1. Stick to the Basic Game.

Whether you play slots, craps, roulette, or blackjack the less complicated you make your game the less likely you’ll place dumb bets.

The casino is counting you to make dumb bets. You should count on the casino to be less than generous with its odds on the best most likely to pay off.

There are few progressive wagers that are worth the money. The more you throw into a round the harder it will be to recover from a loss.

In craps bet on Pass or Don’t Pass and play the odds but keep it simple.

In blackjack bide your time and don’t split every time you get a pair of cards of the same value. Should you really split two 5 cards when you’re showing 10 on the table? Should you split two tens? Two nines? You have three options: play the basic game, double down, or split. On some tables you may be able to surrender if you don’t like the dealer’s cards but look at the strength of your cards first and your options for splitting second.

  1. Assume the free games are more generous than the paid games.

When you have a chance to “try before you buy” at an online casino the free game just may be slightly more generous than the paid version. There are several reasons why this might happen. If you can check the theoretical return to player for a free game and the paid version, look for differences.

Does the free game run on a different server? The different server may be using a different random number generator, a different random seed number, or a different estimated percentage for the theoretical return to player. Variations in all these things can affect the randomness of the outcome of the game.

  1. Play low variance games.

Sad to say, but the less volatility there is in the prize to wager ratio of a game the more likely it will pay you prizes. Volatility is an important measure for a casino because it needs to know how much cash to keep on hand. But you need to know how long you may have to play a game before you win a nice prize. That is where the variance comes into play.

Think of variance as “how much any random outcome of a game varies from the average expected outcome”. There is a relationship between variance and volatility (in fact, some gambling writers use these terms interchangeably). The casino cares more about the volatility and the player cares more about the variance.

How do you judge variance? It comes down to how long you can play the game with your initial bankroll. A low variance game has a tendency to take less of your money.

Hence, as noted above, you can affect the variance of the game in a limited way by playing conservatively and ignoring the extra bets the house offers.

Conclusion

Think of gambling as an endurance race between the bettors. Whoever can go more rounds wins the most money, unless random chance steps in and hands a big win to the individual gambler. Then gambling is more about who has the most self-discipline. The casino is playing a numbers game and just has to be there with enough cash on hand to keep the games going. The player has to have the wisdom and the self-discipline to walk away with the cash.

Harvard Medical School published a trove of data about online gamblers that was collected from 2005 to 2007 by an online casino (Bwin). Researchers who studied the data concluded that about 11% of gamblers were likely to win and that winners were more likely to play less frequently. Subsequently, researchers from the University of Michigan and the University of Connecticut compared that analysis to their own analysis of data from a Native American casino’s database. The second study found that about 13.5% of the land-based gamblers were winners.

The good news for most gamblers is that fewer than 5% of them contribute about 50% of the casino’s net revenue, and about 10% contribute 80% of the casino’s revenue, so most gamblers are not big losers. That means approximately 80% of gamblers share the burden of about 20% of the casino’s net revenue between themselves. Given that most people cannot lose enough money (for lack of wealth) to drop into the lower 10% (the Big Losers) changing how one gambles increases an individual’s chances of moving into the upper 10%.

Gamblers with little wealth to lose should still learn to make better choices. You cannot guarantee you will win but you can always cut your losses short or take fewer risks. Gambling is more fun when it is just entertainment. If your losses amount to no more than what you would spend on other types of entertainment such as concerts and travel, then have fun.

Please enable JavaScript to view the comments powered by Disqus.Some casino players may be new to the concept of casino bonuses and online promotions. Anyone who would like to know how to make money from online bonuses will not have to look any further. They will only have to understand what is an online casino bonus and how it functions to provide players with more money to play casino games. Here are some of the most popular questions and answers related to online casino bonuses.

How Do Online Casino Bonuses Work?

Generally, casino bonuses work in a straightforward way. Players will see the casino offer matching bonus when they deposit into their casino account. The bonus money may be matched from 10% to upwards of 200% for some casino bonuses. There are also some casinos which offer a 500% and 777% matching bonus distributed over several deposits. A casino player will only need to use the bonus code and redeem or claim it inside their casino account. When they make a deposit, the bonus offer is activated, and they will see the bonus money available in their casino account to play with.

Can You Win Money With Online Casinos?

Players will realize that they can win money with online casinos. They will only need to go online to a casino with good reviews and navigate to the website. Most casinos will show the latest wins from their players. Reading the casino blogs and forums is another place to find information about the latest ways to win money with online casinos. The likelihood of an online casino game giving a payout will depend on what is called the Return to Player or RTP. The RTP of games such as slots will vary from 75% and up to 98% in some games. This rate that the slot machines payout will not be for each time you play, but rather this is the general rate of return a player can expect over a specific period of time. This is more long-term than what will be given to do during an evening of playing online casino games. Some of the largest ways to win inside an online casino are progressive games which increase which every bet. The largest payouts in the industry have been with progressive jackpots.

How Do You Match a Bet?

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Casino players have used matched bets as a way to increase their bankrolls and have more to play with. It is not difficult to do once players understand the concept behind it. It does involve using the bonuses offered by an online casino to end up with more inside an online casino account. Online casinos might have a bonus offer whereby if you wager $100, they will match it to give $100. Players will see this as a deposit bonus where the deposit amount is matched 100% or more. The free bonus money when you match a bet is for players to wager on games and they can withdraw the winnings depending on the terms and conditions of the bonus offer.

How Can I Earn Money by Playing Games?

Players may earn money playing games in a variety of ways. They can redeem deposit bonuses and reload bonuses to have more to play with. This will increase the amount of money in their bankroll, which can lead to higher wagers or playing for longer than they normally would. Some casinos will even provide a free spins bonus to try out a slots game. It is also possible to take hold of no deposit bonuses and free casino chips which can earn money by playing games. Players should also look into enjoying tournaments as these tournaments are another possible way to earn money by playing games.

What Is Casino Bonus?

A casino bonus is used to describe free money or a reward in the form of money. This bonus is usually given to players when they make a deposit and place money into their casino account. The casino will match the amount deposited up to a specific percentage. This is not just a bonus, but also what is called a deposit bonus. There are various types of bonuses to be found. For example, the no deposit bonus is another kind of free money. This is truly free money as players may be given $5, $10 or up to $25 to try out the casino. This no deposit bonus will not require players to use their own money to play with, and they receive free casino credits to play games. Other than the deposit bonuses, there are also cashback bonuses. Cashback bonuses are based on deposits which are made and wagered. When players play and receive a loss, the casino will give back a percentage of this net loss as a bonus to play again. Many online casinos do this on a weekly basis, and just requires players to participate each week to qualify. An online casino may also have what is known as a payment method bonus. This is similar to a deposit bonus. However, players will see that a bonus is given only for using specific payment methods such as Skrill or Bitcoin. Players can receive a matched bonus for using a payment bonus.

What Does Playthrough Bonus Mean?

A playthrough bonus is used to refer to a bonus in which players will have a playthrough requirement to adhere to. The “playthrough” is the amount of times the money has to be wagered or the number of times a player will need to place a wager that includes a combination of the original bet and the bonus money. The playthrough is usually stated as the number of times. For example, 10x. In this example, the deposit and bonus money will need to be staked 10 times the amount. On a deposit of $50 with a 100% matching bonus of $50 for a total of $100, and a playthrough of 10x, casino players will be required to wager $1,000 to satisfy the playthrough requirements.

What Is 35x Wager Requirement?

Using the example above, the deposit and bonus money of $100 will have a wagering requirement of 35 times the total amount. This will result in a wagering requirement equivalent to $3,500 to meet the conditions of the bonus offer.

Can I Withdraw Free Bet Winnings?

Some players may wonder, “Can I withdraw free bet winnings?” The answer to this will depend on the terms associated with the free bet bonus offer. Some bonus promotions will allow players to withdraw their free bet winnings while others will not. Many bonus promotions will have what is called a “maximum cashout” which is the maximum amount a casino player can cashout from a bonus offer. For example, a max cashout of $100 will be stated as a condition for redeeming the bonus offer. Other bonus promotions will have what is called a “no max cashout” and players are able to withdraw their free bet winnings. Keep in mind that withdrawals will also be dependent on achieving the playthrough requirement before any withdraws are approved from an online casino.

What Game Makes the Most Money 2018?

What game makes the most money is dependent on various factors. More than anything, players will have to look at the casino games and the return the player can expect to receive from participating in these games. Overall, Blackjack table games are thought to be games which may make the most money. This is because of the house edge between 0.13% to about 1%. Players can also try Craps which has a house edge of up to 0.60%. Craps does have a learning curve, but understanding the game will help towards making real money online. It has been shown that table games generally will contribute to making the most money. However, these games require understanding and strategy which is far greater than what is needed to play slots games.

What Is the Best App to Get Free Money?

When someone is looking for the best app to get free money they will only need to take a look at mobile casino apps. These are easy applications to download to your mobile device. Players will see that mobile casinos will offer access to some of the top promotions where they can get free money. Mobile apps will have welcome bonuses, reload bonuses, cashback, and more. Casino players will only need to have a device such as a tablet or a smartphone that is compatible with Android or Apple iOS.

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What Is the Best Online Casino for Real Money?

There are various casinos available and players will see that the best casinos for real money vary in design and the types of games they offer. Some of the higher paying casinos include:
  • Bovada Casino which is known throughout the online casino industry. It has been in operating a long time and is considered by some players to be one of the top paying casinos. Bovada allows not only casino games, but offers a racebook, sportsbook, and video poker games. There is also a live dealer casino. Players can look forward to up to $3000 in new bonuses.
  • Cafe Casino is not as old as Bovada, but it has grown to make a name for itself in a short time. It is known for the $100 casino chip offered to players who want to get started inside of the casino. Cafe Casino also has welcome bonus offers which are matched 500%.
  • Liberty Slots Casino is no stranger to the online casino industry. It has become established in the industry and frequently provides bonus and promotions to casino members. Liberty Slots does provide access to progressive jackpots and a new player welcome bonus of $777 to get started.

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What Is the Best Game to Play at the Casino to Win Money?

Casino members do want to know what is the best game to play at the casino to win money. The ability to win money will depend on things such as the house edge or the return to player. Players can expect the table games such as Roulette, Craps, Blackjack, and Baccarat to give them a better return for their investment. The average house edge for Blackjack is 0.65% and this equals up to $0.65 for every $10 placed as a casino wager. However, not everyone is able to fully understand Blackjack, and they might be more comfortable playing slot games. Progressive slots will give a chance at spinning the reels for an increasing jackpot amount.

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Which Online Slots Payout the Most?

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The highest paying slot games are known as Progressive Slots. It is essential for players to know which online slots payout the most. The progressive slot game has a jackpot that is continually growing. It is 'progressive'. Slot players in a network will place wagers on a specific slot game and a percentage of each wager is added to the jackpot of the game. This continues to grow the jackpot and each player will have equal chances of triggering the progressive jackpot win. The progressive slots game can be part of a network of all online casinos or it can only be in a local network that pertains to a specific casino. The amount for the progressive jackpot is not fixed, and players may see how this works to their advantage. Progressive slot games will have the jackpot win a threshold before a win is activated. Some of the Microgaming progressive slots have jackpots as high as $1,000,000. There are also progressive jackpots of $100,000 to be aware of.

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Can You Win on Online Slots?

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How to make money gta 5 online casinoIt is possible for players to win on online slots. It is more of a matter of discovering what slots are better suited for each player. Some casino members will choose slot games based on themes. For example, animal theme slots or food theme slots. Other players prefer to choose slot game based on bonus features such as a bonus round, free spins, and multipliers. Players will be able to determine the likelihood of a slot game paying out based on the Return To Player for each game which can be as high as 98% in some slot games.