7 Best Online Casinos for Real Money 2020 - Top Rated Sites, do online casinos make money.
Do online casinos make money
Online casino sites to play on real money
In order for a site to considered one of the best casino online options, it needs to have an inviting atmosphere and easy to use platform. Setting up an account needs to be simple. In the best casino online options, a player’s personal information is protected. The processes of depositing and withdrawing funds are smooth transactions for people on the best casino online option sites. From the moment that they enter the gambling platform, they can choose from a vast array of slots and table games. All the while, they know if they experience any difficulties at all, they will receive the assistance that they require. As they get better at their chosen games, they will understand the betting system completely. This will allow them to bet in a better way, and it will enable them to cash in on the big winnings that are highly attainable.
7 best online casinos for real money [2020] – top rated sites
What makes A site one of the best casino online options?
In order for a site to considered one of the best casino online options, it needs to have an inviting atmosphere and easy to use platform. Setting up an account needs to be simple. In the best casino online options, a player’s personal information is protected. The processes of depositing and withdrawing funds are smooth transactions for people on the best casino online option sites.
Customer service is number one
In any of the best online casino real money options, customer service is a top priority. The best casino sites have trained professionals to assist customers with any issues that they might have. If a customer has questions about their account or how the site works at any of the best casinos, they will get answers in a clear and quick manner. The best casinos have a mission to place their customers first at all times.
The best casinos online in the USA have great games to play
The best casino sites in the USA have a large selection of games for players to choose from. The graphics are the best in the industry, and the sounds are clear, without exception. Betting in the best online sites can be lucrative because of the great bonuses, promotions, and jackpots.
Here are the 5 top ones online
Knowing the top sites for gambling allows a player to visit them on a regular basis.
Here is the list of the top sites:
Players enjoy gambling at its finest
From the moment that they enter the gambling platform, they can choose from a vast array of slots and table games. All the while, they know if they experience any difficulties at all, they will receive the assistance that they require. As they get better at their chosen games, they will understand the betting system completely. This will allow them to bet in a better way, and it will enable them to cash in on the big winnings that are highly attainable.
Gamblers everywhere are enjoying the technology that has allowed them to play from anywhere they may go. Whether they are traveling for business or pleasure, they will be able to enjoy the games that they have become accustomed to playing. All the while, they will be comforted in knowing that these sites will protect their personal information at all times. This allows a player to trust and have confidence in the company and its mission. Striving to hit the jackpots, while enjoying every minute of it, is what keeps players coming back over and over again.
How casinos make money: the handle, house edge & more
Casinos make a profit by offering games of chance where the average payouts are lower than the income produced by the overall wagers. Exactly how this is accomplished and the terms used in producing casino records and income are explained below.
The handle
Regardless of what type of casino gambling is offered, the most important term for any gaming operator is the handle. The handle is the total amount of money bet. At a game like craps, all of the bets made on a table contribute to the handle, whether the bets win or lose, are made with cash or chips and are paid even money for bets like the pass line or 30-1 for bets like two and 12.
Players often confuse the handle (total bets) with the drop. For a casino, the drop is the money (or credit) exchanged for chips. At a game like blackjack, the total drop is what is found in the metal drop box attached to the table that all bills and markers (credit slips) are dropped in to. On occasion, the term handle is used interchangeably with the term drop.
House edge
The statistical advantage that the casino has in each game, and each bet, is called the house edge. This theoretical advantage the casino holds over the player on any single bet is what makes the game gambling, for the outcome is unknown, and regardless of who holds the edge, either party may win at any one time.
For the bottom line, the casino win is the net dollars retained by the casino after all bets are paid. This can be a negative amount - any time the players win more than the casino holds. The hold percentage is the relationship of the casino win to the drop.
If a slot machine has $100 inserted into it during a day and pays out $80, the casino win is $20. However, the hold percentage is based on total bets. If it is a $1 per spin machine and the machine recorded 1000 spins, then $1000 was wagered. Winning a total of $20 means the hold percentage is just $20/$1000 or 2/100 which is 2-percent.
Explaining the hold percentage
The hold percentage is better explained on a roulette table with a zero and double zero - the typical american wheel. On this game, the casino has a house edge of 5.26 percent. However, at the end of a shift, the game is likely to win close to 20 percent of the drop. For every $100 in the drop box, the house will likely have a hold percentage of 20 percent. This is because a player is likely to make many bets, over and over, each time against a house edge of 5.26 percent. They win some, they lose some and eventually lose what they were willing to risk on this particular table.
Factors influencing casino handle
The most important influence on casino handle is what is referred to as "time on device." regardless of what is bet, if there are no players, there is no handle and no profit. Casinos maximize their income when they find ways to increase not just their house edge, but the average bet and the amount of time each gaming device (table spot or slot machine) is in action.
As a business model, the overall handle is a product of capacity of use, game speed, and average bet. This is why all players club comps are based on your average bet and the hours played, not on how much you win or lose!
A casino with 1000 slot machines is only successful if they are in constant use. However, the utilization of game space and betting minimums at table games can be deceiving. This is why it is rare to see a blackjack game with a low $2 or $5 minimum, even if players are wandering around wanting to play that amount while there are several $25 tables with no players.
This phenomenon is best explained by the math produced for expected win per hour at a blackjack table. With six players betting $2 per hand, a dealer can get out 375 hands to the players. The total wagers (excluding double downs and splits) will equal $750 and the house expects to win 2 percent, or $15. However, just a single player at a $25 table will produce $4125 in bets per hour where the house expects to win 2 percent and a total of $82.
Obviously, the $25 game will be dead at times, but that single player easily makes up the difference, and if all the tables have low limits and there are no seats available for the big better then the house is losing out.
So, some decisions at your local casino are made for player comfort to extend the amount of time played, and some decisions are made simply based on casino income, as with any business. The above example also probably illustrates pretty well why a $5 blackjack player can only expect to earn about 30-cents per hour in comp value from their play.
The casino expects the player to get 60 hands per hour, so their total bets per hour equal $120. Using the same 2 percent house edge, the casino will retain about $2.40 from their play. Giving back 30-cents equals a comp value of 12.5 percent, which is pretty good. Most casinos hold the line between 10 and 15 percent.
How much money does an online casino make each month?
So you’re wondering how much money an online casino makes each month. The answer is going to vary from website to website, but I have some ideas about how we might calculate what an average internet casino makes each month. Some of this is wild speculation, but sometimes it’s fun to speculate.
Keep in mind that this is all speculation, as we are not an online casino ourselves, nor do we have any concrete information to know about these companies finances.
Feel free to continue reading and see the crazy amount of money that these online casinos have the ability to generate.
How much does it cost to run an internet casino?
Let’s start by calculating the costs of running an internet casino each month. The biggest expense most online casinos have is software related. Almost all gambling sites lease their software from one of the big 3 casino software providers:
- Playtech
- Microgaming
- Net entertainment
I’ve seen estimates that claim these 3 companies power 60% of all online casinos.
All of them have one thing in common:
All of these providers charge $11,000 or $12,000 a month to lease their software. They also get a 15% cut of the casinos’ winnings. That’s a pretty big expense right out of the gate.
But that’s not the only expense. Almost all online casinos run an affiliate program in order to drive business to their site.
A webmaster runs a gambling information portal or site. He signs up for a casino affiliate program. He advertises the casino in exchange for a commission on each player.
This commission usually takes 1 of 2 forms:
- A CPA (cost per acquisition)
- Revshare (revenue sharing)
A CPA is a flat amount that the casino pays the affiliate for each player who signs up and makes a deposit at the casino. This amount can range from $25 to $500, depending on how much volume a site is able to send a casino.
With a CPA arrangement, the casino risks paying more for the player than the player loses to the casino. But it’s okay, because over a large number of players, a casino has an idea of what the average player is going to lose. That amount is always more than the CPA.
I’ve heard from reliable sources that the average online casino gambler is worth at least $1000. That takes into account the low rollers who only deposit and lose $25, but it also takes into account the high rollers who deposit and lose $10,000 a month for months at a time.
The other arrangement is called revshare, or revenue sharing. In this arrangement, the casino pays the affiliate a percentage of the players’ losses for the lifetime of the player. This amount varies, but it hovers around 25%. Big affiliates can demand higher revshare percentages.
So if an affiliate refers a player who deposits and loses $10,000 a month, he gets $2500 in commission each month.
But affiliates on revshare also have to take into account the amount of money their referred players win. If that $10,000 a month high roller gets on a hot streak, he can wipe out the earnings from the other dozen or 100 players the affiliate has referred.
So far we have a flat fee of $12,000 a month going out the door. We’re also seeing 25% of the casino’s wins being paid out in commissions, and we have 15% royalties going to the software provider.
Casinos also have to pay for customer service and hosting. Let’s assume you can operate a world class customer service department using offshore labor and spending only $5000 a month.
Let’s also assume that a casino is using its own secure server. I don’t have a lot of experience with web hosting for sites with this kind of traffic or that sites that use so much bandwidth by hosting games, but I’m going to assume it’s expensive, but not too expensive. I’m going to call it $2500 a month. And if I’m way off on that estimate, let me know in the comments section.
So now we have almost $20,000 a month in fixed expenses, and we have 40% of player revenue accounted for on top of that. So just to break even, an online casino needs to earn enough money so that 60% of its earnings equate to $20,000 a month.
So we’re looking at a minimum casino win of at least $33,000 a month just to break even.
Let’s approach this from a different angle
The size of the online casino market is roughly $40 billion or $50 billion a year. That’s about $4 billion a month.
If we take the number of online casinos in operation, and divide that $4 billion by the number of online casinos in operation, we’ll have an estimate of how much an average online casino makes. The reality will be far different, but that’s a starting point, anyway.
The best known source of information for online casinos is casinocity, especially when it comes to managing a database of properties. When I look at their list of online casinos, I initially only get 205 properties, but my settings only allow me to see casinos which operate in english, accept players from the state of texas in the USA, and which accept US dollars.
When I change those preferences to “ANY” across the board, I get a list of over 3600 casinos.
Let’s assume that casinocity isn’t perfect and has left 400 casinos off their list. That means we have 4000 online casinos generating $4 billion in revenue per month.
$4 billion divided by 4000 is $1 million.
Does that mean every online casino makes $1 million per month gross?
I’m sure the pareto principle applies here as well as it does everywhere else.
The top 20% of online casinos probably make 80% of the profits.
So we probably have 800 online casinos generating the bulk of that money, while the other 3200 casinos make up a relatively small amount of that money.
Still, let’s assume that the $1 million a month is the number.
You knock 40% of that off the top to cover affiliate commissions and software. That leaves you with $600,000 a month in profit.
Subtract the other costs, and you still have well over half a million dollars in profit per month.
Conclusion
It’s impossible to provide an entirely accurate estimate of how much money an online casino makes each month. Suffice it to say that even with the high expenses involved in running such a business, the internet gambling sites offering casino games make plenty of money.
Of course, depending on where you live, the prospect of running an online casino might pose legal risks, especially if you don’t have strict limits on which countries you accept players from.
It still makes for an interesting set of numbers to analyze.
Here’s how casinos make money
Some of the top online betting casinos like wetten.Com gives players an opportunity to bet with real money.
The online platform has an atmosphere that is just like a regular casino, and it is tailor made for the german market. German-speaking casino players are able to play their favourite casino games all in the comfort of their home through a smartphone or a computer. The website has games from well-known manufacturers such as net ent and ygdrasil. There are games for both professionals and amateurs. This includes slot machines, table games and card games. In addition to that, they offer great bonuses. However, the big question is how do these casinos make money? Let’s find out how.
The handle
The first way in which casinos make money is through the handle. Regardless of the game, the handle is the most important part of the gaming operator. The handle is the total amount that the players have put in bets. In table games, for example, craps, all the players put their bets in the handle, and the handle is made up of cash or chips. The money could go two ways; the player either wins the bet or loses it.
It is often easy to confuse the handle and the drop. The drop is any money or credit that has been traded for chips. Take an example of a game like blackjack, the metal drop box at the edge of the table is the drop. Players drop the bills and credit slips into this box. In some cases, the two terms, drop and handle, are used interchangeably.
Factors that influence the handle
Casinos get more income when they find a method of increasing their house edge, the amount of time on each game and the average bet. If there are no bets or if the players are few, then the handle is less and the profit is less.
Looking at the casino as a business model, the overall handle is obtained through a product of the average bet, time spent and capacity use. This explains why most casino games are based more on your average bet and the hours that you have played and less on how much you have won or lost. A casino with about 100 explodiac slot machines is only profitable if the machines are in use. This is where the capacity of use plays a huge role. The more the machines are used, the more money is obtained.
The average bet of most games is constant. A minimum amount is required in most table games. However, it is very rare to find a blackjack game that has a minimum bet of $2 or $5. Players may want to play, but the rules of the casino may indicate that the minimum of the game is $25. It is simple math; the casino expects to make a certain amount of money for each round of blackjack. The dealer is able to get up to 375 hands to the player. If all the six players bet at $2, the total wagers will be about $750. That is if you exclude the double down and the splits. On the other hand, if a single player bets at $25, then the table will produce $4,125 in just one hour. The game may be dead sometimes due to lack of players, but the single game makes a huge difference. Low limits reduce the chances of having wealthy customers, reducing the chances of the casino making money.
House edge
In each bet, the casino usually has a statistical advantage in which they can make more money. This is called the house edge. The theoretical advantage that the casino holds in a game is what makes the game a gamble. The outcome is unknown and either party has an equal chance of winning at any time. This means that if the player losses, the casino wins.
There are two sides to the house edge. The casino win is the total amount of money that the casino is left with after all the players have paid their bets. This can be a negative amount if the players win more than what the casino is holding, or it can also be a positive amount if the casino makes money. The hold percentage of the drop to the casino wins.
A slot machine may have $100 that has been inserted by the players. During the course of the day, it may only pay out $80. The casino, therefore, makes $20. The hold percentage is obtained from the total number of bets. Spinning the wheel may cost $1 per spin. During the day, the machine may record 1000 spins, and that’s a total of $1000. The players may win only $20, making the hold percentage $20/ $1,000, which is 2%.
A good example is a roulette table that has zero and double zero. The casino has a house edge of 5.26% in this game. At the end of the game, the casino is likely to win 20% of the drop money. This means that for every $100 that is inserted in the drop box, $20 goes to the casino. The player is likely to make several bets during the game for them being against the house edge. In the process, they win some or lose some. They eventually lose what they were willing to risk or gain a small percentage.
The system is comparable to bookmakers
Betting platforms like wetten.Com also calculate similarly to casinos. They calculate their earnings so that even if for example some users win a system bet, they all in all still make profit. The difference in casinos is that the slot-games are at least programmed in a way that more than 50% of players lose.
Comps
Comps are like a bonus that is given to players, and it may be given because they are new players or because they spend a lot of money on the site. The players who make large bets or spend a certain amount of time in a particular game may stand a chance to get a gift such as an airline ticket or ticket to shows or even a certain extra percentage of their total winnings. Comps are based on the amount of time that a player spends on a game and the number of stakes that the player has put in place. In order to get a chance to get a comp, the player needs to sign up for a slot club card. The card keeps track of the games played, the stakes and how long you play the games.
Comps are more advantageous to the casino than to the players. Spending more time in casino games means that the players stand a high chance of making more bets or rather, losing more bets. While placing high stakes increases the chance of the player losing their money, the overall money that is spent on the games is usually much more than the comp that the casino offers. For this reason, a player must set a limit when playing casinos.
Conclusion
Some of the decisions that are made at the local casino are aimed at increasing the income as a form of business while others are for extending the payer comfort. Every year, large amounts of money are exchanged through casinos. In 2005, the united states had a gross revenue of $31.85 billion from the commercial casinos and $22.62 billion from the native american casinos. The profits in the casino industry are much higher than any other business in the country.
How to make money gambling online
Without a doubt, the number one question we get asked in regards to betting
online is “how do I make money gambling online?” the answer as you might expect
is not a simple answer. While we wish we could just tell you to “do x, y, and z
and you’ll be rich,” it’s just not that simple.
Making money online comes down to game selection and having clear
expectations of what you’re doing. The opportunities are huge, and there are
millions and millions to be made if you look in the right spots. Lucky for you,
we’re going to do our best to educate you and point you in the right direction.
The best way for us to approach answering this question is to answer it
individually for each different type of online gambling/betting that exists.
Specifically today we’re going to look at sports betting online, casino/table
games online, and skill-based online games. There are a few other obscure forms
of gambling online that do exist, but these main categories should encompass
almost all of the major types that are out there.
As a spoiler, I can tell you that it is possible to make money at each of
these, though, some will depend solely on your luck while the others are
sustainable based on your skill and abilities. The difference is going to come
down to whether the game is a luck based or skill based game. Let’s clarify the
difference first before we dive into each individual type of online gambling and
how to make money at it.
Luck vs. Skill
If you’ve ever hung around a casino or talked to gamblers before, you’ve
probably heard someone at least once tell you that they had a system to beat a
certain game. It might have been craps or roulette or maybe even blackjack. The
problem we always noticed when we heard this from someone was that they were
broke or were not rolling in the money. If they truly had a system to beat a
casino game, wouldn’t they be doing it 24/7 and living the high life?
The real reason they don’t do this 24/7 for a living and aren’t living the
high life is that
most casino games are luck based. Luck based games are games
where the house has the edge. This means that there are no super secret systems
out there that can beat these games outside of cheating. Does this mean you
can’t make money at them? Of course not. All it means is that in the long-run
over thousands and thousands of hands, spins, or rolls, the casino is going to
win.
This means you can most certainly make money in the short run. Many gamblers
go months and sometimes years winning at games. The thing to note, though, is
that this is a statistical anomaly that will correct itself. In the end, the
casino will ALWAYS win at luck based games. There is a silly cliché phrase
that explains this:
Spotting a luck based game is easy. If the game is run by a casino (live or
online) and you are playing against the casino and not versus other players,
this is a luck based game, and they are going to have a long run edge. Again,
you can still make money playing these games (and lots of it), but in the long
run over thousands and thousands of games, the casino will ultimately win.
Skill-based games, on the other hand, have no house edge. These games are
ones where players compete against each other instead of against the house (the
casino). The casino will take a small fee for facilitating the game, but
ultimately it is up to the players who wins the money.
Skill-based games are sustainable ways for people to make money long-term. If
you are good at a skill based game and can continually get people to compete
against you, you can make a full-time living playing the game. These games are
easy to spot as they are games where players are competing against other players
and not the house.
Making money online playing casino games and slots
We have some good news, and we have some bad news when it comes to making
money gambling on your favorite casino games and slots. The bad news is that
online casino games and slots are games of luck that the house will always have
a long-term edge on. The good news is that regardless of this, you can still
make a lot of money at them!
Addressing the bad news first, you need to realize that there is no system
out there to “beat” online casino games to make a living playing them. You will
never be able to be a professional slots player or a professional roulette
player or anything like that. Ultimately, the casino edge and statistics are
going to prevail, and the casino is going to win. Understanding this is
imperative to have a great time playing these games online.
Regarding the good news, though, this does not mean you can’t make money
playing online casino games and slots. First, the casino edge is only for the
long term. The long term usually means hundreds of thousands and millions of
spins of a slot or roulette wheel or hundreds of thousands of tosses of the
craps dice etc. You may play the games and never ever experience the long term
statistics correcting themselves. The casino edge on most games is only a couple
of percentage points meaning you can totally have major winning sessions and
runs.
An analogy to help
Imagine this analogy. There are two bettors, you and a friend, who are going
to bet on the flip of a coin. You are going to take turns flipping the coin with
you allowed to bet on every flip. If the flip is heads, you win your bet. If the
flip is tails, you lose your bet. You do not have a choice; you have to bet
heads every time.
We all know that coins are going to land on heads 50% of the time and on
tails 50% of the time. Let’s say we alter the coin a little bit to make it more
like when we are betting against the casino giving them an edge. Let’s say that
this coin lands on heads only 48% of the time and on tails 52% of the time.
This represents the long-term edge that the casino is going to have.
You and your friend start flipping the coin and placing your bets against the
house. You each get to flip the coin 50 times. If everything happened without
any variance, you both would get heads about 48% of your flips and lose a tiny
bit of money to the casino over the course of the flips. But variance comes into
play. Variance says that over ALL 100 flips about 48% will be heads, but it
doesn’t necessarily say which of you two are going to get more or less of the
heads in the short run.
It’s possible that you get heads 48 of your 50 flips and your friend gets
heads zero times in their 50 flips. At the end of the day in the long-run, the
casino is still making money because it is winning 52% of its bets, but you’ve
made an absolute TON of money. The point here is that most recreational gamblers
will be operating in the short term for most or their entire gambling career.
Jackpots
Part of the way that this variance spreads itself out is through jackpots.
Not all players are going to win jackpots but if you do win one you can bet that
you’re going to be a lifetime profitable gambler (depending on the size of the
jackpot of course). Jackpots still fall in line when it comes to
statistics and house edge, but that doesn’t mean you can’t be one of the players
to fall outside of the statistical norm and strike it rich!
Bonuses
One way to fight back against the house edge and a lot of times turn it in
your favor (at least temporarily) is by
taking advantage of bonuses. Bonuses, as
you may already know, are free money/free spins/free play that online casino
sites will give you to try to attract your business. A lot of times the benefits
of these bonuses will turn the odds in your favor while you are using the bonus.
Of course, they won’t give you the bonus forever because they would lose
money and have to shut their doors. But in the short term, you can definitely
take full advantage of these promotions and clean up some easy cash. It’s also
of importance to note that there is no reason you can’t jump between a few sites
to take advantage of different promotions.
This is a lot like going to a different grocery store for a week because you
have a coupon for something. There is nothing unethical about it, and the sites
actually would prefer you use their promotions. The reason they run the promos
is to get you in the door to try out their product in hopes that you will stay
or make a change from your home site.
Making money online sports betting
Sports betting is a complete 180 the other direction from online slots and
table games. Sports betting is a skill based bet (depending on the bets you
choose). While you might think you are betting against the house, they are
actually manipulating lines so that you’re basically betting against other
players and they are taking a small fee for facilitating the bets. With proper
skill and a sharp eye, you can make a living as a sports bettor. Is this
difficult? You bet your butt it’s difficult but it’s completely possible, and a
lot of people do it every day.
So how do you make money online betting sports?
Simple. Join a sportsbook and
start making correct picks. Start with a sport that you know well and do
extensive research. If you can come up with a system to properly predict games
and outcomes, you can be a successful sports bettor.
One thing that is extremely important to point out is that you have to choose
the right type of sports bets or you’re going to be placing luck based bets
instead of skill based bets. As you may or may not know, you can bet on a lot
more than just who the winner of a game is going to be. You can bet how many
points will be scored, how many times they will do something, who will score
first etc. Some of these bets will require research and skill to make a correct
pick, and some are just going to be dumb luck.
Here are two different sports bet as an example. One is a skill based bet and
one is a luck based bet.
- Will rob gronkowski score more or less than 1.5 touchdowns in a game?
- Will the final score of the patriots be odd or even?
As you can hopefully see, the first bet would require you to have strong
knowledge of how rob gronkowski is going to perform in a game. You would have to
look at the defense he is up against and predict the game plan of attack the
patriots employ. There is a lot of skill that goes into picking this bet and the
more knowledgeable and skilled you are, the better off you will do. This is an
example of a skill based bet that you could profit from long term if you were
sharp enough.
The second bet about whether or not their final point total is odd or even is
really just dumb luck. You could make some crazy argument that you can predict
the exact game flow and how many points they score, but in reality, you are just
guessing. This is an example of a luck based bet that you can still make money
off of but it is not sustainable long term. As long as you’re aware of this,
have at it!
It’s important to point out that these bets are not segregated or separated
at all when you go to the online sportsbooks. The luck based and the skill based
bets are all going to be listed side by side, and it’s up to you to be able to
decipher the difference. Honestly, it should be easy to tell the difference by
just taking a few minutes to pay attention to what you’re betting on. If it is
something that you are struggling to find data and information to support your
pick, it is probably a luck based bet.
The beauty of line shopping online
One of the easiest ways to make MORE money online with correct sports betting
picks is through line shopping. Line shopping is a strategy that is not possible
with brick and mortar casinos due to logistics and has really only become
popular thanks to online sportsbooks. Line shopping is the process of checking
several different sportsbooks to get the best odds and payouts possible for your
bets.
You just can’t do this in real life unless you live somewhere like vegas
where you have a ton of different sportsbooks right next to each other. Even
then, most of the books there are interconnected, so the odds are going to be
the same at all of them. Online, though, you tend to see a lot of greatly
varying lines for the same bet.
Let’s say you are planning to bet the miami heat to beat
the golden state warriors on the moneyline at +150. Let’s say you’re totally
confident on this bet and you think it’s the easiest bet in the world. Is this a
good bet for you to make?
A better question would be, is this the best bet you can make? If you were to
take a few seconds and line shop another online sportsbook, you would see that
one is offering the same bet for +170. This is the exact same bet except if you
place it at the second online sportsbook you will get paid out more money. If
you bet $100 and the heat win, the first sportsbook will pay you $150 in profit
and the second will pay you $170 in profit.
By simply taking advantage of the technology that comes with betting online,
you can make MORE money on a correct pick just by taking a few seconds to check
a few different sportsbooks. We can assure that this is not a rare occurrence to
find varying lines. It’s actually a fairly common occurrence to find different
lines, and it can greatly affect the amount of money you make betting online.
Making money online playing skill-based games
You may notice that in the title of this section it does not say anything
about “gambling.” this is because gambling refers to placing wagers on a game of
chance that you have no control over. Out of all the different bet types on this
page, these are the ones that you have the most control over. Skill-based games
are games that pit two or more players against each other. Skill-based games are
NOT played against the house, but as we stated earlier, the house takes a small
cut for facilitating the game.
Skill based games can 100% be played for a living as long as you can continue
to get people willing to play against you. While some of these games do have an
element of luck, the majority of the game’s outcome is determined by skill. This
means that a worse player may win a few games in the short run, but the better
player will always win out in the long run.
For example, if you get your money in the middle playing texas hold em poker
(a skill based game) with pocket aces against J-10, you’re supposed to win that
hand based on the statistics. However, it is entirely possible that you lose
that hand in an unlucky fashion. If you continue to get your money in
significantly ahead, though, statistics should even out, and you should make
money in the long run. Though you might lose in the short run, you will prevail
in the long run.
Some of the most popular skill games you can play for money online are:
For more information on playing these games online, here’s a guide we’ve put
together for you:
The bottom line of how to make money gambling online
Hopefully, if you’ve read until this point, you have a pretty strong idea of
the different options you have when it comes to making money gambling online.
Depending on whether you’re just looking for some recreational fun or a way to
make a living, we’ve given you several different options in both directions.
Remember, be realistic with your expectations and don’t try and make a career
out of a game that you are not statistically supposed to win long term at.
How to make real money with casino free spins
Are you ready to make big money from online casinos but afraid to stake real money? Don’t worry; you can still make cash playing free spins no deposit. A lot of casinos offer these free spins so that you can taste the water before depositing your own money. They even allow you to win real money just playing with free spins.
Check out our recommended casinos for bonus spins (free spins) below
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Free spins are the type of bonuses offered by casino’s which will give you the opportunity to present new games a try or play games without having to make deposits. Meaning that you will not risk real money, but you will still have a 100% chance of winning real money. Cool… right? I thought so too. I have been lucky to make some cash playing free spins. In fact, anytime I visit any online casino, I look for them, they may not make me a fortune, but in most cases, I will make some money to stake on other games that require a deposit.
Whether you are playing online or in a real physical casino in las vegas, you will see many game houses that will offer “free spins no deposit.” don’t miss it; it is your opportunity to earn some cash you can use to play other games that require a higher stake to make bigger money. You don’t have to doubt free spins, all the money you’ve made playing free spins will be paid out to you in full. So, you have nothing to lose by taking advantage of this no-risk game. You can find the no deposit casino bonus that is right for you on this site.
How free spins work
Are you wondering how free spins work? These spins that require no stake work almost like every other game except that you will not be required to make any deposit before you play.
Most online casinos have free spins can benefit the players. In most cases, you can use the free spins on any game of your choice while some will only allow you to use it on just some specific slots or roulette.
Online casino websites use free spins to get new players. You may be entitled to free spins by registering your account. However, if you win, depending on the casino you choose, you may not be allowed to withdraw the money immediately until you play with substantial deposits. Few online casinos allow you to withdraw your winnings no string attached.
How to win real money with free spins
If you want to play slots with free spins and win some real cash, then you will find this brief guide very useful.
The first step to winning real money with free spins is by finding a safe, reputable online casino. A lot of online casinos offer attractive online slots and free spins. Once you find a reputable casino that offers free spins, then you are in safe hands to play.
There are two ways you can win real cash with free spins from online casinos. The first one is by claiming a “no deposit” casino bonus which will give you an opportunity to play any game with some free spins. It’s great because you are not risking any of your money, and you can make real money from it. One downside of it is that you will rarely get more than $10 to $25 but still it gives you a chance to make some cash. Just be careful because, with few unlucky spins, you will lose your bonus for free spins.
Another method is free to play promos that are offered by some online casinos. Usually, the casino will give you a couple of hundred dollars of the casino’s money you can use for free spins for 60 minutes only. For 60 minutes, you will have an opportunity to play any game and win as much as you can. However, be fast because the timer can run out any minute (60 minutes).
With these two methods, you can pick up some free spins and make money with them from different online casinos. One way to win real money with free spins is to have a strategy for playing. Study the slots offered by the casino before playing to have a chance of winning. If you prefer video slots, check out the pay table to see what kind of unique features the game offers. The logic here is that you will be able to trigger more features with more distinctive features. Free spins is a good way to make real money from video slots. You can multiply your deposit with free spins and have more money to stake on games with a higher payout. Look for any reputable online casino you can find and check if they offer free spins, who knows! You may be the next big winner!
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How bookmakers make money
One of the fundamental, appealing aspects of sports betting
is that it’s possible to consistently make a profit. You need
to know what you are doing and apply the right strategies, but
it can be done. However, most bettors lose money in the long
run. There are several reasons why this is the case, one of
which is the fact that bookmakers use certain techniques to make
sure they are always at an advantage.
Successful sports betting is basically about overcoming this
advantage. Bookmakers are essentially your opponents, and you
have to learn how to beat them. Before you can do this, you need
to understand exactly how they are ensured to make money.
In this article, we explain the methods bookmakers use to
give themselves the advantage. We also look at the other main
reason why they make money: most bettors
make bad bets.
So, how exactly are the bookmakers making money?
Bookmakers make money by the following:
- They set the right bet prices (the vig)
- Setting and changing the betting lines
- Balancing the book – eliminating risk
- Counting on bettor emotions and lack of knowledge
Basic principle of bookmaking
The basic principle of bookmaking is straightforward and
pretty obvious. A bookmaker takes money in whenever they lay a
bet to a customer, and they pay money out every time one of
their customers wins a bet. The idea is to take more money in
than pay out. The art of bookmaking is in making sure this
happens.
Bookmakers can’t control the outcome of sports events, but
they can control how much they stand to win or lose on any
particular result. They set the odds for all the wagers they
lay, which ultimately enables them to ensure a profit.
Charging vigorish/the overround
The main technique bookmakers use to put the odds in their
favor is the inclusion of vigorish. Vigorish, or vig, is also
known as juice, margin, or the overround. It is built into the
odds bookmakers set to help them make a profit. In essence, it’s
a commission charged for laying bets. To best explain vig, we’ll
use a simple example of a coin toss.
The toss of a coin has two possible outcomes and each is
equally likely. There is a 50% chance of heads and a 50% chance
of tails. If a bookmaker were offering true odds on the toss of
a coin, they would offer even money. This is 2.00 in decimal
odds, +100 in moneyline odds, and 1/1 in fractional odds. A
successful $10 bet at even money returns $20, which is $10
profit plus the initial stake back.
Let’s say this bookmaker had 100 customers all betting $10 on
the toss of a coin, with half of them betting on tails and half
of them betting on heads. The bookmaker would stand to make no
money at all in this scenario.
As you can see from the above image, the bookmakers are
taking in a total of $1,000 in wagers, but they also have to pay
out a total of $1,000 in winnings whatever the result. Since
they are in business to make money, this is obviously not a good
scenario.
This is precisely why they build in the vig to the odds. They
can thus guarantee, theoretically at least, that they will make
money regardless of the outcome. When two outcomes are equally
likely, it is common for them to use odds of 1.9091 (-110 in
moneyline, 10/11 in fractional).
Continuing with the coin toss example, the odds on heads and
tails would still both be the same, but they would now be at
1.9091. This means that a successful $10 would return a total of
$19.09 ($9.09 in profit, plus $10 original stake).
Let’s see how that looks for the bookmaker now, with 50
customers betting on tails and 50 customers betting on heads.
As you can see, the change in odds has made a big difference,
and the bookmaker is now making a guaranteed profit on every
toss of the coin. The total amount they pay out is always going
to be $954.50 against the $1,000 they have received in total
wagers. Their built-in profit margin of $45.50 is the vigorish,
or overround, and it’s usually expressed as a percentage of the
total wagers received. In this case, the vig is equal to roughly
4.5%.
This is a very simplified example, but it does serve to
illustrate how bookmakers set the odds to give them an
advantage. Things get a little more complicated when it actually
comes to sports events, as the possible outcomes aren’t usually
equally likely. There are more than two possible outcomes in
many betting markets, and bookmakers aren’t always going to
take in exactly the same amount on all possible outcomes.
For these reasons, making money as a bookmaker isn’t as
straightforward as simply charging vig. Other techniques are
required to ensure consistent profits, and this is where the
role of odds compilers comes in.
The role of odds compilers
Odds compilers set the odds at bookmaking firms. They are
also known as traders, and their role is absolutely essential.
The odds they set eventually determine how much in wagers a
bookmaker is likely to take in, and how much money they are
likely to make. The act of setting the odds for a sports event
is known as pricing the market.
There are a number of aspects involved in pricing up markets
for sports events. The primary goal is to make sure the odds
accurately reflect how likely any particular outcome might be,
while also ensuring that there’s a built-in profit margin.
Determining the likelihood of outcomes is largely based on
statistics, but very often a certain amount of sports knowledge
must be applied as well.
Compilers therefore have to be very knowledgeable about the
sports for which they are pricing markets; thus, they often
specialize in just one or two. They also have to have a solid
understanding of various mathematical and statistical
principles.
Let’s look at how a compiler might price up a market for a
tennis match in which novak djokovic is playing andy murray.
These two players are very close in ability, so the compiler
would have to take a number of factors into consideration. They
would look at current form, for example, and each player’s known
ability on the relevant playing surface. They would also take
the results of past meetings into account.
Based on all these factors, they might reach the conclusion
that djokovic has roughly a 60% chance of winning the match and
murray roughly a 40% chance. The odds that approximately reflect
these chances are djokovic at 1.67 and murray at 2.50. These
odds don’t include any vig, which would also need to be
considered.
Generally speaking, compilers have a target margin. This may
vary quite significantly for any number of reasons, but let’s
assume in this case that the compiler wants around a 5% margin.
They would reduce the odds for each player by 5%, giving 1.59
for djokovic and 2.38 for murray.
A bookmaker’s margin can be calculated by adding the
reciprocal of the odds for all possible outcomes and converting
it to a percentage. In this case, there are two possible
outcomes, and the following equation would be used.
As you can see, the compiler has achieved the target of a 5%
margin. However, the job doesn’t end there. Compilers also have
to try and make sure that a bookmaker has a balanced book.
Creating a balanced book
When a bookmaker has a balanced book on a particular market,
he stands to make approximately the same amount of money
regardless of the outcome. With an imbalanced book, the outcome
would affect how much is made, and it could even result in a loss. A
balanced book is usually the preference, for obvious reasons,
and is what odds compilers typically aim for.
Continuing with the above tennis match example, a balanced
book would look something like this.
As you can see, based on $10,000 in total bets, the bookmaker
stands to make roughly $500 regardless of the outcome. This is
the target 5% margin. Let’s look at what would happen if that
$10,000 in total bets was spread evenly on both players.
In this scenario, the bookmaker has an imbalanced book. He
will make a profit if djokovic wins, but will lose money if
murray wins. It’s usually a scenario to try and avoid.
This is why you see odds on sports events fluctuate over
time. Odds compilers will continually adjust them to make sure
their book is balanced. For example, in the above scenario, they
could increase the odds on djokovic to encourage more bets on
his winning, or they could reduce the odds on murray to
discourage further bets on his winning. They could even do both.
There’s no guarantee that adjusting the odds will always
create a balanced book, but it usually helps. This is one reason
why the volume of bets is so important to bookmakers. As a
general rule, more money coming in means they are more likely to
get the balance right. It’s actually quite rare to get markets
perfectly balanced; the goal is simply to get as close as possible.
It’s worth noting that sometimes odds compilers will actually
want an imbalanced book. If they have confidence in a particular
outcome, they will try to create a situation where they stand to
make the most profit if it happens. If they are very confident
that djokovic could win the match against murray, for example,
they might decide to push the odds out on murray to get more
action on that side of the book.
Summary
It should now be clear why bookmakers have a mathematical
advantage over their customers. They don’t always win money on
every single market they price up, but this advantage does help
to ensure they win money in the long run.
The advantage can be beaten, however. It’s not like casino
games where the odds are always stacked against you no matter
what you do. That being said, the mathematical advantage isn’t
the only reason why bookmakers make money. Their success also
comes down to the simple fact that most bettors place more bad
than good bets.
To avoid being one of those bettors, you need to understand
what actually makes for a good bet. Contrary to what many
believe, a good bet isn’t simply betting on what you think
might happen. Although this approach can be successful if you
are accurate often enough in predicting the outcome of sports
events, but the reality is that most people are not.
For the best chance of making money on sports betting, you
need to be skilled in identifying betting opportunities that
represent good value. This is the real key to consistent profits
and something we explain more about in the next article.
How to make money from online casino bonuses
Almost every online casino has some sort of welcome bonus to help try and persuade you to sign up and use their website rather than their competitors. With a little bit of thought and cleverness, we can take these new-player casino bonuses and convert them into withdrawable cash.
But before we delve into casino bonuses, let’s talk about sportsbook bonuses. Making money from them is known as matched betting, and if you have never done it before I strongly urge you to stop reading now and head over to my matched betting guide.
- Matched betting is easier and is completely risk-free.
- Most websites that have both a casino and a bookie make you take the bookie’s bonus first. If you try and sign up and take the casino bonus you could forfeit that easy profit from the bookie.
If you’re still here, let’s talk about point 1. That’s right, unlike matched betting casino bonuses are not risk-free. But that doesn’t mean that they can’t be profitable and worth doing.
To show you what I mean, let’s first talk about how casinos make money.
How casinos make money
Let’s say that we are playing a game of flip the coin, and because we’re fun people we’re also betting on it.
- I win £1 and you lose £1 if the coin comes up heads.
- You win £1 and I lose £1 if the coin comes up tails.
That is what we call a fair game.
There is risk – we could play 100 flips and I might lose money, or I might win money. But either way, it is just down to luck. Statistically, I am not more likely to win than to lose.
There is a 50% chance of me winning each throw, and a 50% chance of me losing each throw.
That is not what it is like in a casino.
Let’s change the rules slightly:
- I win £1 and you lose £1 if the coin comes up heads.
- You win £1.10 and I lose £1.10 if the coin comes up tails.
That is not a fair a game.
There is still risk – we could play 100 flips and I might make money. But I am more likely to lose.
I have a 50% chance of winning £1 and a 50% chance of losing £1.1.
That means that on each coin toss I expect to lose 5p.
We use this word “expect” a lot when it comes to making money from casino bonuses. It basically means the average profit from all possible outcomes.
Here is a very simple tree showing you how we worked out that expected loss of 5p.
Please take a second to make sure that you fully understand why that is. If you can get your head round it then everything else should quickly fall into place.
Now let’s turn that expected loss into a percentage of the amount we staked. That number becomes what is called the house edge.
So the house edge is 5% (0.05 means the same thing as 5%).
That means that in the long term I expect to lose 5% of whatever I bet. If we play 1,000 flips, I will have bet £1,000 and expect to lose £50 (5% of £1,000).
There’s that word expect again. It doesn’t mean I will definitely lose £50 (in fact I may be lucky and make money), but it means that on average I will lose £50.
Now we get a bit more complicated. The longer I play, the more likely I am to lose money. I am not going to explain the maths here (email me if you want to know) but, but over 1 coin flip my chance of walking away with a profit is 50%. The coin can either come up heads or tails. Over 100 coin flips my chance of making a profit has dropped to 31.7%, that’s almost a 1/3rd chance which still is quite high. I might decide that I’m feeling especially lucky and take that 1/3rd chance. But over 6,000 coin flips my chance of leaving with a profit drops only 1%.
That is how a casino makes money. If there are 60 people playing at your casino and each plays the coin flip game 100 times, then each person has a 31.7% chance of leaving with a profit. But as the casino is playing 6,000 total flips it only has a 1% chance of not making a profit overall. A pretty clever business model.
Now you can’t actually play our coin flip game in a casino so let’s apply this concept to two real casino games.
Roulette. Is a very basic game which almost everyone understands.
There are 36 numbers not including the zero. Of those 36 – 18 are red and 18 are black. The number zero is not red or black. Each time the wheel spins there is an equal chance that the ball will land on any of the numbers 0 – 36.
If you bet on red and it comes up, you win your stake back. So a £1 bet would win £1.
There is an 18 out of 37 chance of a red colour coming up. That means that you have a 48.6% chance of winning, and a 51.4% chance of losing.
Let’s draw that same tree we did earlier but this time for roulette:
Once again we turn it into a percentage of the amount we stake to get the house edge.
So the house edge is 2.8%. If you remember that means that over 1,000 spins at £1 a spin we expect to lose £28.
If you had the choice to play either the coin toss game or roulette, you would choose roulette as it has a lower house edge.
But roulette is not the casino game with the lowest house edge. That award goes to….
Blackjack. Forget card counting or anything you’ve seen in the films, your basic blackjack is the casino game with the smallest house edge.
There are many different rule sets for blackjack, and the house edge depends both on those rules and also on how close to perfect strategy the player is playing. But most games of blackjack have a house edge of about 0.5%.
Let’s just think about that, 0.5%. That’s so low! It’s the equivalent of playing the coin flip game with the rules:
- I win £1 and you lose £1 if the coin comes up heads.
- You win £1.01 and I lose £1.01 if the coin comes up tails.
If we played 1,000 hands of blackjack at £1 a bet, we would have staked £1,000 and expect to lose just £5.
How casino bonuses work
Thank you for sitting through all of that. Now that the basics are out the way let’s talk about the juicy stuff. How we can actually make some money from casino bonuses.
Just like with matched betting, most casinos offer new players an incentive to sign up and play at their casino.
Unfortunately, unlike with matched betting, there is no way we can hedge out our bets. But we can use this knowledge of the house edge to turn things in our favour. Provided the bonus is good, we can expect to make money.
Let’s take a look at one bonus that is currently offered by william hill on their live casino.
To get the bonus, we need to deposit £25 and then place a series of bets that total at least £200. When we have reached that target and we contact customer service, a bonus of £25 will be added which we are then free to withdraw along with whatever is left of our initial deposit.
£200 sounds like a lot, but after what we’ve learnt about house edges and blackjack it shouldn’t sound so bad. Remember blackjack has a house edge of 0.5%. Over £200 staked we expect to lose only £1.
This is what we expect to happen.
- We deposit £25 into william hill live casino.
- We place 200 £1 bets. At the end, we have lost £1 and have £24 left.
- A £25 bonus is added to our balance.
- We withdraw our balance of £49 (£24+£25).
- We have made a profit of £24.
But, there is risk. There is a chance we will lose more than just £1. There is even a chance of us losing more money than the bonus is worth. If we use up all of that £25 we would need to deposit more in order to finish the staking.
We don’t need to go into the maths, but in case you’re interested blackjack has a house edge of 0.5% and a standard deviation of 1.15.
That means that at a £1 bet size there is a 95% chance we will make somewhere between £7.75 and £40.25. But it also means there is a 7% chance of making a small loss.
That is the essence of making money from casino bonuses. You are simply moving the odds to your favour.
How doing the bonus works in practice
Great, we’re doing well. That’s the basic concept and theory done, let’s talk about the practicalities.
If you have followed my advice and already been matched betting, then you will already have an account at william hill and taken advantage of their sports bonus. In the sports book offer terms is this line:
This offer is only available to new william hill customers who open an account using a valid promo code
There is no such requirement in the casino bonuses terms and conditions. So do the sports bonus first!
Once we head over to the live casino. Deposit our £25 and open up the game we realise something that could scupper our plans. The minimum bet on blackjack is £3. While this doesn’t affect our expected profit from turning over £200, it does change the variance or, in other words, it means there will be a much larger swing on how much we expect to make
While this doesn’t affect our expected profit from turning over £200, it does change the variance. Or, in other words, it means there will be a much larger swing on how much we expect to make from the offer.
At the £1 bet size, we had a 95% chance of our profit ending in the range £7.75 to £40.25.
But with a bet size is £3, that range grows to -£2.38 and £50.61. Let me reiterate that the expected profit is still the same, it’s is just the range that if difficult. If you’re happy taking that slightly higher risk, then
If you’re happy taking that slightly higher risk, then the wizard of odds has a good strategy table to teach you blackjack. Just follow the instructions to play perfect strategy.
But if that range is too rich for your blood, we could take on a different game. Remember roulette? It has a higher house edge, meaning that we can expect to make less money. But it does allow £1 bets. If we take a look at the terms and conditions again, play on roulette is allowed, but we are not allowed to place bets that cover the board. So we cannot place bets on both red
If we take a look at the terms and conditions again, play on roulette is allowed, but we are not allowed to place bets on certain combinations that cover most of the board. So we cannot place bets on both red and black. If we could then we would be able to lock in a profit. But that’s OK, we can still bet on just red.
At a house edge of 2.8%, over the £200 staked we expect to lose £5.6. We have a 95% chance of making between £5.6 to £33.54. That’s a much tighter range than betting £3 a go on blackjack.
Ok. We’re ready to do the bonus for real. Let’s see the steps once again.
- Go to the live casino section on william hill website.
- Check the terms and conditions of the bonus. Make sure they haven’t changed.
- Make sure you have £0 in your account and then deposit a fresh £25.
- Open the live roulette game.
- Place £1 on either red or black and spin. Repeat 200 times.
- Monitor your number of bets on a piece of paper so that you know when you reach the £200 total bet point.
- Once you have made 200 £1 bets, then go to live chat and ask for your bonus.
- Voila! Once the casino bonus is credited you can withdraw it and your balance. Easy money.
After all that explaining, the actual steps were very simple. But we had to go into the details because it will enable you to look at more advanced offers and take advantage of them as well. Now you understand what ‘expected profit’ means you should be able to look at the terms and conditions of other casino bonuses and work out if there is any ‘expected profit’ to be made.
Which brings us on to the hardest part of making money from casino bonuses.
How to find good casino bonuses
You can only do that william hill live casino offer once, so to continue making money you need to find some more offers. You can do this in exactly the same way as you would when sports matched betting:
Now before we talk about the merits and disadvantages of each one, a word of warning.
We have only scraped the surface of how to take advantage of casino offers.
There are hundreds of offers out there and they all have their little intricacies and quirks. Be very careful, especially when you first start. Until you get some more experience it can be very easy to miss something when reading the terms and conditions and coming up with a strategy. And what type of casino matters a lot too, live casinos and flash casinos often have very different styles of bonuses.
For that reason, I strongly suggest either: paying for a service that provides tutorials for the first 10 or so offers you do, or getting involved in a forum and asking them to help hand hold you.
My two favourite paid for services for casino bonuses are:
Profit accumulator is the oldest, most popular and most expensive service. They have the widest range of opening account offers. Oddsmonkey is a close contender and slightly cheaper. They stand out for me because of their great calendar of daily offers which includes both sports and casino bonuses. As well as having a large catalogue of standard casino offers.
I’m going to stop now before I go into too much detail. By now you should understand the concept of expected profit and therefore making money from casino bonuses. You have a step-by-step guide to tackle your first bonus and you have plenty of resources to help you research and find new offers.
USEFUL LINKS
What happens if I lose all of the £25 before completing the wagering requirement??
This is a very real risk and is also the reason why there is a chance of losing a small amount of money while completing the wagering requirement.
What you need to do is to deposit more money and finish the betting.
I hear people talking about ‘sticky’ bonuses or doubling up. What does that mean?
You should really join a forum and start asking people there. You are getting into some quite complicated areas with the potential to lose some large amounts of money if you make a mistake.
But in short: A sticky bonus is one that you can never withdraw. You can only withdraw the winnings. This means that the tactics we spoke about earlier don’t work. Doubling up is a technique to make money from them. You basically bet the whole bonus on red on roulette. If the bet wins you withdraw the winnings. If you lose you’ve lost the bonus which you couldn’t withdraw anyway.
What are the house odds of some other casino games?
- Baccarat – 1.06%
- 3-card poker – 2.01%
- Craps – 0.34%
- French roulette (you get 50% of your stake back if it lands on 0) – 1.35%
- American roulette (two 0s) – 5.26%
- Slots – 3-10%. Average is about 5%.
Can I card count online blackjack?
No, you cannot. Card counting relies on the contents of the remaining cards changing as the rounds go on. In online blackjack the cards are shuffled every hand so the contents don’t change. You can do it with live blackjack – but I believe they shuffle regularly to make it more difficult. I have never tried.
I have a question that is not answered here?
How to make easy money with no deposit casinos
Did you know that you can make money with free spins casinos that offer bonuses without needing to make a deposit? Online casinos have been around for a good 20 years now, and if you are not aware of them, well they exist and many new casinos are launching every month online. One promotional feature of a casino that probably will never disappear is the no deposit bonus. These bonuses might be at their peak right now in terms of exposure and competitiveness of other no deposit casinos, but there is a shelf life to these bonuses.
To begin with, new players can claim all of these new player bonuses but you only get them once. In a few years, these no deposit casinos will probably roll back some of the generous offers they are giving out, and things will approach some stability for what a casino will offer for new players. The good news is that if you are a new player, there will always be new casinos and a bonus available so this trend won’t ever fade.
The only thing that could change over the years is that the bonus amounts given out could decrease. This means if you are going to play at any site, you’ll want to take advantage of all the offers being given out. As bestcasinoscanada’s casino reviews list shows, there’s still a lot of casinos giving out welcome bonuses and no deposit bonuses, but there is a trend of new casinos offering free spins instead of money bonuses. So if you are player who wants to make money from an online casino it’d probably be best to claim a bonus now.
Over $1,000 in bonus money available
At any given moment, a player has over 50 online no deposit casinos offering these no deposit bonuses (also known as ND bonus) ranging from $5 to $50. Overall there are hundreds of no deposit casinos to choose from and these casinos offering ND bonuses are all fighting for your signup and with all of the competition that puts the ball in your court as a player.
How no deposit casino bonuses work
You sign up and either you enter in a bonus code to claim the bonus, or it will be automatically added to your account. In a few rare cases, you’ll have to email to claim the bonus. So 99% of the time the bonuses can only be played on slots. In some cases, maybe keno or scratch cards are allowed, and it is extremely rare that table games like blackjack or roulette are allowed. Progressive slots are not allowed either to play on.
All no deposit bonuses come with terms and conditions which are usually similar to each other. There is always a maximum cashout to prevent the casino from a huge loss if you hit a massive jackpot win.
Usually, the maximum cashout can vary from $50 to $200 so you’ll have to check the terms and conditions to find out. Often you’ll need to wager the bonus, a set amount like 20 to 50 times the bonus amount before you are eligible to cashin.
How to make money playing no deposit bonuses
Yes, it is actually possible to make money playing only free bonus money offers from various no deposit casinos. After all, it is all mathematics and a game of chance but when you start playing up to 50 casinos with an average bonus amount of $20, you are bound to win at least once even if it means you have to play slots.
Your chances of winning at least once out of 50 casinos is very high, and the average is somewhere around one cashout win in every 15 no deposit bonuses. There isn’t much of a strategy involved, but you can certainly make it easier for you to win.
No deposit bonus strategy
Ok, so there can be some strategy involved if you want to cashout one of these bonuses and come out on top. The worst strategy you can employ is by wagering the minimum amount on a slot game, like 1 cent for example. The amount you have to wager means you’ll take forever to complete the wagering. Also, you will cashout less because you really need a big win to have a chance of cashing out.
Our best tip is to make sure your average bet size is about $5 (or euros or pounds) as your goal is simple, lose fast and claim the next bonus or win big and cashout. By betting large like $5 per spin, it means your wins will be larger if and when you win so that could net you something like a $500 win and obviously there is a max cashout on the bonus, so if that was, say $100, then you have reached your goal.
Also, when you are playing slots, make sure you are betting the full lines whether it is a multiline slot like 10, 20 or more paylines. By not betting the full set of lines, you might be missing out on a larger jackpot win or the chance to snag a win.
Last but not least, if you do win big and want to cashout, you want to make sure you don’t cashout before meeting the wagering requirements. If you cashout and don’t meet the wagering, the casino will simply nullify your win and not pay anything and cite the terms and conditions were not met. If you don’t know how much you have wagered or need to know how much more to go, ask live chat or email customer support to double check.
One last tip is if you do win and cashout, you are required to make a deposit before withdrawing which is part of all casinos terms and conditions to make sure you are a real player so be sure to create a real account and don’t fake anything, if you do and win, the no deposit casinos will use that as an excuse not to pay out.
Don’t forget free spins
Aside from the no deposit bonus, free spins are the next most popular bonus available where you don’t usually need to make a deposit before claiming. Keep in mind some no deposit casinos do require a deposit to activate the free spins. If you are done claiming all the no deposit bonuses and want more, try free spins that work similar, the wagering requirements are a little different but the principles are more or less the same. You have 50 no deposit casinos offering these bonuses at any given moment.
Tips on signup bonuses and match bonuses
No deposit bonuses and free spins offer great value for you as a casino player. The next generous bonus you’ll encounter as a new player will be a signup bonus, also referred to as a welcome bonus. These bonuses can range from 50% to 300% and quite often are 100%.
If you think about it, to deposit $100 and get another $100 to play on slots, this gives you more chances to win. Quite often if you were to adopt the same strategy for no deposit bonuses playing slots, you’ll be a profitable player playing all of the signup bonuses. If the bonus is 25% or under, it is almost mathematically impossible to profit from it on average. Anything above is actually a loss the casino incurs and this is part of no deposit casinos’ expense to acquire new players. So if you are sharp, you can take advantage of these situations.
Best of all, if you play all of these bonuses including the deposit match bonuses, if you stop playing, no deposit casinos will come back at you with more offers to keep you coming back. They will give you free spins, no deposit bonuses and more generous match bonuses. If you win too much from a casino, they may block your account from future deposits but if this happens, no problem as it means you have made money from them so you move onto the next ones.
We hope you enjoyed this article on how to make money with no deposit casinos, most players that follow these rules and strategies will earn nearly $300 from no deposit bonuses, almost as much with free spins and it is common to earn more with match bonuses.
How to make money with no deposit casinos
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If you are interested in even more no deposit bonuses-related articles and information from us here at bit rebels then we have a lot to choose from.
How do online casinos make money
Gambling involves huge risks no matter it is carried out online or offline. Like every game has certain rules, the risk is the base of casinos. If the casino doesn’t involve risk they will surely run out of money.
In spite of all the losses, risk factors involved and certain cons the number of online casinos increases day by day. One of the most important factors being the increasing demand for the game and an increased number of users. Jocuricalaaparate.Biz is the place where you can find the right place and list of top-notch online casinos.
Gambling as can be pertained to loses has a number of ways to make money. The blog underneath will throw the light on several ways that can be practiced by online casinos to make money.
- There is not much difference between online and offline casinos. Online casinos that include playing through real money also make money in a similar way as that of offline casinos. Every deposit a player makes money to the casino.
- House edge is an inbuilt advantage of a casino over the players. No matter whether the player wins or loses. It is built in a mathematical program that according to laws of probability states that a player who plays for long enough, it ought to lose and casinos will always have an advantage.
- Casinos just need players. Either a large number of players who spend in a small amount or just a handful of customers who are just huge investors. Both of them make a good and equivalent profit to the casino. As they just got to invest in branding and advertising, no matter what kind of player they attract the ultimate advantage is for casinos.
- Offering bonuses to the customers, encourage them to play and enter the world of gambling. It is the way out to get players as well as a prefatory promotion of a casino. Only the foolhardy gamblers say its the profit of the players.
The players who spend more are termed to as whales and the players who bet in small fractions are referred to as fish. 100 people each betting 150$ in blackjack is equivalent to a person who opts for a hand of 1500 dollars. The players play, play and play which leads to making money of online casinos.
Games like american roulette, slot machines, and keno are of greater advantage to the casinos and statistically crap and blackjack make less profit.
Not every bit can be a win for the player but each win is the player’s wish or say greed to play again. And the one who loses wants to taste winning and so he plays. The ultimate result is regular players to a casino, this is what a casino requires to make money online.
Playing online casino games can be highly entertaining and fun. It is not always a loss to the player but a player should be careful not to turn this gaming habit into addiction. Else your hard-earned money can readily go into casinos profit accounts. A player should be alert to the branding and promotions, as it is their business to attract the customers but the percentage of involvement is always a customer’s choice. Play for fun and relaxation and not for spoiling your healthy life and lifestyle.
The above write-up gives a brief about the common style of working of casinos and making a profit. But a real gambler or casino owner will never reveal the strategies that make them money. It is ultimately a competition where everyone is running to win. A good player never opens up all his cards and tricks.
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