Looking at strategies that you can use to flip the odds in your favour and still give yourself a chance of winning a big jackpot.
How online slots and jackpot games work
Online slots and jackpot games are extremely popular, the thrill of landing a big win is only a spin away. However online slots are ultimately a way for casino’s to make a long term profit. Which means that the majority of slotsplayers are going to lose long term.
Slots and jackpot games are programmed with a mathematical formula to ensure they don’t give out more money then they return. This formula is known as return to player (RTP for short.)
For example some of the highest online slots have an RTP of 97%. This means that for every $100 that the slot brings in on average it will pay back $97. This means that long term for every $100 it takes a profit of $3 over the long term.
Slots obviously distribute payouts unevenly. Which is why you get some big winners but the majority of players will be either small or big losing players long term.
Below is a list of some of the highest paying RTP games that you ply online.
Book of 99 (99% rtp)
Monopoly Big Event (99% rtp)
Jackpot 6000 (98.86% rtp)
Bloodsucker (98% rtp)
Rainbow Riches Pick N Mix (98% rtp)
Can It be profitable long term to play jackpot games and slots?
Yes, it can be profitable long term to play slots and jackpot games under the right conditions.
There are times when a casino may offer a sign up bonus, free spins, cashback offer or other types of bonus that can push the return to player (RTP) above 100%.
One of the more common bonus is cashback on losses, for example some casino’s may offer a day in the week were you get 10% cashback on losses.
If we take Bloodsuckers for example which is a game that has 98% RTP and decide to stake $100. We cab break it down to show how long term this would be profitable.
$100 x 0.98 which equals $98 meaning a loss of $2 is expected.
However we can get $10 back should we lose due to the cashback offer.
$98 + $10 = $108
Meaning that if we only played the slot Bloodsuckers when the cashback offer was available, long term we could expect to make a profit.
This is Advantage Play
Whenever you can flip the odds from the casino to yourself as player it is known as advantage play. Due to the fact that it is you that now has the mathematical advantage rather then the casino.
There have been professional advantage players in the past that have made a lot of money by doing this. One of the most famous group of advantage players were the MIT blackjack team.
This was a group of students that used card counting techniques to beat the game of blackjack. Their story inspired the film 21 which was based around the idea of advantage play.
Using advantage play is the best long term way to make money from playing online slots and jackpot games. Yes you may get lucky and hit a big winner. But why rely on luck when you can use advantage play to give yourself a mathematical edge that is proven to work.
Where Can I More About Learn Advantage Play
You can learn more about advantage play in the guide below.
The online gambling industry grows changes every year.
Now, it is possible for almost anyone of legal age to access an online casino wherever they are. However do online casino’s actually represent an opportunity for making money online.
Global statistics display that up to 26% of the world population are gamblers. This percentage amounts to about 1.6 billion gamblers and about 4.2 billion people who gamble at least once per year.
Despite there being such a huge number of gamblers, there are only about 5% of bettors who make a profit from most of their wagers. This number, of course, translates into over 90% of people who lose big time in the gambling industry.
In this article we are going to take a look at 3 ways to consistently make a profit from online casino’s.
How To Win Online Casino Games: Top 3 Tips
The first thing that you need to understand if you want to make money from an online casino, is that you need an edge. An edge is something that flips the casino’s advantage to the player.
Most commonly an edge is found through using a casino’s bonus program, cashback or free spins. All of these can flip the edge that the casino normally has to the player.
You don’t need a lot of money to start doing this either. Today, there are a lot of low deposit casino offers such as these $5 minimum deposit sportsbook sites on the internet. Most of these sites offer players bonuses for making a deposit.
Choose A Reputable Casino With No Restrictions
Before we get on to how to make consistent profits from an online casino. The first thing you want to do is make sure you choose a reputable casino site to open an account with. There are thousands of online casinos to choose from, so it is not easy to make a choice. However, there are some factors to consider that will help you make the right choice.
Before choosing a casino, you must consider factors like Licensing, Customer Service, Bonus Offers Available, and Website Design/Responsiveness. Today, there are so many illegal casinos that operate online, and some of them scam gamblers.
So it is important to do your due diligence and research the casino you open an account with.
Tip 1 – Utilize Casino Bonus Offers
Bonus offers are one of the remarkable features of gambling online. Moreover, a wide range of online casinos provides profitable bonus offers. What makes it more interesting is the numerous money-making strategies available to earn from these bonuses.
These bonus offers can bring consistent profits for gamblers if utilized properly. Most casinos offer these bonuses as a marketing strategy for attracting new users. However, you must also be careful, as some casino sites offer ridiculous bonus terms.
In most cases, casinos offer high wagering requirements for withdrawal of winnings made with bonuses or even a high withdrawal limits. While searching for a casino with a good bonus offer and reasonable terms, you should utilize these bonuses to extend your betting time and reduce the direct usage of your real money deposits.
Most casinos offer welcome packages for new players; however, there are also VIP programs and rewards for returning customers on the site. From free spins, no deposit bonuses, and other promotional offers, you can take advantage of these bonuses to get yourself acquainted with the major games and even stand a chance of winning without using real money.
Tip 2 – Use Cashback Sites
One of the easiest ways to make money from an online casino is through using cashback sites. In the video below I explain exactly how to do this and lock in £58 profit in under 10 minutes.
Using cashback sites and wagering using casino games that have a very low house edge. Is a great way to make some consistent profits from online casino’s.
A great method to improve your profit in casinos is to understand the rules of casino games and the major strategies involved in playing them. Without any doubt, most casino games are luck-based; however, you need to understand the rules to maximize your winning potential.
In most cases, it is advisable to check the RTP (Return To Player) of a game before playing it. The value of a game’s RTP typically represents how often a gambler can win and how much they can get from the lost wages in the long run. Thus, it is advisable to go for casino games with a high RTP when exploiting a bonus.
Casino games with low house edges like Blackjack, Baccarat, Online Slots, and Video Poker games that should be looked when you have a wagering requirement to get through.
Though most casino games are easy to understand, most of them take a while to master. So, as a gambler aiming to make a profit consistently, you must carefully understand the rules and how to play the games well.
In most casino sites, you can start with the demo editions of these casino games to understand gaming concepts before making use of your real money.
Extra Tips For Winning At Online Casinos
Other than the three methods mentioned above, there are other ways to improve your profit from online betting at casinos. In this section of this article, we will look at these tips and how you can implement them.
Find Suitable Banking Methods
Online casinos offer numerous payment options, from wire transfers to credit/debit cards, e-wallets, and other mobile banking methods.
Though there are numerous payment options, you should be careful about transaction fee’s eating into your potential profits.
Today, some of the best payment methods in casinos are e-wallets and cryptocurrency. Though some e-wallets also incur costs, most cryptocurrency transactions are free and instant.
Quit When You Have A Bad Day
Even with the advantage of a bonus, cashback or free spins. You will still have losing periods.
If you feel annoyed or stressed and perhaps start gambling without the advantage on your side. It is advisable to step away and regroup for another day.
Best Casino Games For Profit
It is well known that in the gambling industry, the casino always wins (unless you are playing with a bonus.). However, some games with a low house edge will allow you to profit when you are given favourable terms.
While playing these games with the right terms, a gambler stands to make more profit and even beat the houses in the long run. Now, let us look at the most profitable games for gamblers in online casinos.
Blackjack is one of the world’s most popular casino games and one of the most profitable for players. With a low house edge of about 1%, a player stands to make more profit from the game than the house. Thus, players are likely to bag huge wins from this game. Though Blackjack relies on luck, it is partially skill-based, as there are some strategies that players can utilize to maximize their winning rates.
Known for being one of the oldest card games, Blackjack is available at almost every casino online. From the European Blackjack to the Classic Blackjack and Spanish 21, there are numerous game editions for players to choose from.
Baccarat is a casino game that completely suits high rollers; however, its profitability makes it one of the best casino games. Aside from being the oldest card game, Baccarat features a relatively low house edge of about 1.06 to 1.24%, so players stand a chance of winning more.
Of course, the statistics above don’t guarantee that you will win every Baccarat game, as it is a luck-based game. However, you stand to make a profit with this game, especially in the long run. Though there are some similarities between Blackjack and Baccarat, some differences set them apart, especially in their rules.
Slot machines are one of the most fun-packed games in the history of casinos. Though there have been a lot of speculations regarding the credibility of slot machines, it remains one of the safest casino games. Moreover, all results from slot machines are from RNG (Random Number Generator) software. As a result, every draw produces a unique set of results that are not rigged.
The slot is the most luck-based casino game, but it guarantees a lot of profit to players, so there is always a chance to win big. There are a lot of slot titles in online casinos. Today, some casinos feature over 1,000 slot games, and many game providers still publish new titles every year. Slot games are always themed, so they often captivate players and present a fun environment while creating a platform for profit.
Poker is one casino game that needs no introduction, as it has a deep history in the industry. Like most games, you improve in poker with the more hands you play. Unlike online poker, where there is an average of 100 hands per hour, live poker gets around 30 hands per hour on live tables.
Though this creates more room for growth in online poker, live poker remains an easier option. Thus, it is easier for players to bag wins in live poker. In some cases, live players tend to be loose, creating chances for careful players to excel and bag huge wins.
How To Improve Your Overall Gambling Experience In Online Casinos
Following the advent of modern technological innovations in casinos, gambling can be a fun-packed experience. With that in mind, it becomes even more difficult to control yourself amid these technologies. However, it is always advisable to stay conscious, as excessive gambling can lead to addiction.
Approximately 3 million adults in the United States have serious gambling issues. Of course, there is also a large percentage of young adults who face these gambling problems. With the statistics above, you can only imagine the number of gamblers who have these gambling issues on a global scale. Gambling is always a fun experience; however, once done excessively, it becomes a major problem. Using responsible gambling tools is an excellent way to keep your gambling habit in check.
With these tools, you can always limit your gambling sessions to control yourself and the urge to continue gambling. Most online gambling sites offer a wide range of tools that enable gamblers to keep their gambling habits in check. You can consider taking these responsible gambling measures at the slightest detection of potential gambling addiction.
There is so much involved in making consistent profit from online casinos. You have to choose a reliable casino, utilize bonus offers, use the right banking methods, and consider responsible gambling measures.