How To Gamble Online And Make Money

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  • The first step to gambling online for real money is choosing the right casino for you, based on your favorite games and where you live. Create an Account Once you’ve chosen an online casino, register.
  • If you intend to come out ahead gambling online, make sure you choose the right games.
  • The truth is when most people wonder how to make money gambling online their expectations are too high. Lots of starry-eyed gamblers expect any help to be a key to constant long term profits.

Though this might surprise some of you, success in the world of online gambling is not all about luck. While a jackpot spin or a hot run of cards is beyond your control, the good news is that there are a number of factors which you can control to better your chances of winning and increase the longevity of your bankroll. In this article, we’ll reveal five key tips used by seasoned high-rollers to maximise their earning potential. Let’s get into it!

In short: Keep as much money as possible from free bets.

1. Game Selection to Minimise House Edge

It’s no secret that online casinos make their money by offering games where they (‘the House’) have an edge over players. However, what is less well-known is the exact percentages of these edges. A smart gambler will play games where the House edge is lowest, since this maximises their earning potential over the long run. Below we’ve listed some games where the odds are not harshly stacked against you:

Baccarat / Punto Banco
We won’t get into the boring maths here, but the House edge for baccarat is 1.06% when betting on the banker and 1.24% when betting on the player. However, it’s worth noting that betting on a tie gives the house a massive 14-15% edge depending on how many decks are used. Unless you’re just playing for fun, avoid the tie at all costs!

Blackjack
This game is an interesting one, because a player who employs a good strategy can dramatically lower the House edge to under 0.5% (more on this in the next section). Be warned if you’re a newcomer to Blackjack though – an inexperienced player can give up an edge of around 5% with sub-optimal play!

Poker
Unlike conventional casino games like those above, poker is played against other opponents who aren’t affiliated with the House. For gamblers looking to make a buck or two, this is great news since it means that you can be the one with the edge – providing you are a better player than your competitors. This is why it is possible to play poker professionally!

2. Optimising your Strategy

Particularly in regards to table games, employing an optimal strategy will minimise the House edge and maximise your chance of winning. The power of computing has led to many of these games being solved, giving gamblers who are dedicated to learning these strategies an opportunity to level the playing field against online casinos. We won’t delve into optimal play for all games here (we’d need an entire book for that), but here is a helpful chart for perfecting your Blackjack game:

A Note on Side Bets
Many casinos will offer unique side bets on Blackjack which usually offer big payouts. Don’t be deceived by these high offerings though! These sorts of bets usually give the House a massive edge and draw players into making strategically bad decisions in the hope of catching a big score.

3. Bankroll Management

When it comes to gambling, there is always going to be variance. This can be defined as a deviation from expected results given the odds at play. Educated gamblers protect themselves against this variance by betting only a fraction of their entire bankroll (less than 1%) at any one time. If a player does this, their bankroll should remain intact even after a period of bad luck and negative variance. The more bets you are able to make within your bankroll, the less variance you will experience. This is not to say that you need a huge bankroll for online gambling – but rather that you ensure the size of your wagers are relative to the amount in your bankroll.

It takes money to make money in the world of gambling, and blowing your entire bankroll on one bet will deny you the opportunity to make it in the future.

4. Look for the Best Bonuses and Loyalty Rewards

Almost every online casino will offer deposit bonuses for new players and give back to regular players with loyalty rewards and free bets. These deals can vary greatly between casinos – both in size and terms & conditions. Some sites might require you to stake your bonuses dozens of times before you are able to withdraw it. While reading the small print of these deals and getting a calculator out to compare them might not sound all that fun, the difference can be a matter of thousands of dollars if you are a regular player. Take this extra bit of time when finding the perfect casino to maximise the amount of money that goes back into your pocket.

5. Only Play Provably Fair Games

There’s no point in perfecting your strategy if the casino games you are playing aren’t transparently fair. Online gambling will always contain an element of randomness, and not all casinos are honest and open about the mechanics of their random number generators. At DAOBet (ex — DAO.Casino), our goal is to address this problem with a verifiable, blockchain-based gambling protocol that protects players from unfair games. We are developing casino products which are provably random and cryptographically verifiable. We also use smart contracts, removing the presence of any potentially dishonest third-parties! This way, you can enjoy your gambling experience without having to worry about casinos rigging games against you.

With careful game selection, well-researched strategies, sensible bankroll management and a lucrative loyalty scheme – all within a provably fair gaming environment – it’s possible to win some good money gambling online. Enjoy yourself and good luck out there!

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Online gambling is a growing industry, with online gaming transactions rising from $7.4 billion in 2003 to $41.4 billion in 2015. Despite this tremendous boom in interest, many people still question whether or not it’s possible to make a living gambling over the Internet. It isn’t easy, but there are professionals out there that have developed the strategies and systems needed to allow them to make lucrative incomes playing online poker, sports betting and various casino games from home.

How Online Gamblers Have Beaten the House

You’re probably familiar with the old adage “the house always wins,” but this absolutist phrase doesn’t always hold true with online gambling. While gaming providers definitely have an edge with most casino games, it’s still possible for gamblers to make a handsome profit. However, they need to develop the appropriate systems in order to make a sustainable living.

Here are a few of the different ways online gamblers can try to make a full-time living:

Taking Card Games Against Less Experienced Players

Making a killing from online slots can be difficult, as the numbers are randomly generated. For this reason, it’s a lot easier to make money on skill-based card games, such as online poker. Talented players in these games understand the impact of statistics and the elements of game theory, which gives them a strong edge over their less experienced opponents.

Making money playing poker on online gaming sites isn’t usually as difficult as it is in a traditional casino, as these sites tend to attract more amateur players. However, despite this, it still takes time and practice for players who want to “go pro” to develop their skills to the point where they’re able to beat the “noobs” and win regularly.

With practice, though? The very best online poker players can make bank. As an example, Niklas “ragen70” Heinecker earned $6.3 million in 2013 alone from online poker. Tom “durrrr” Dwan played very few hands, but still netted about $750,000 in the same year.

Playing Online Slots

Anyone that’s played slots in a traditional casino is probably skeptical about the fact that anyone can make enough money from online slots to earn a living. The first thing you need to keep in mind while playing online slots, however, is that they operate entirely differently from the slot machines in land-based casinos.

Online slots rely on random number generators, which aren’t actually random. They use complex algorithms to determine the next sequence of numbers, which means that it’s possible to predict outcomes by deciphering them.

How to bet online and make money

Keep in mind that random number generators are extremely complex, so few online gamblers can figure out how to predict future outcomes. However, since the average payout on online slots is usually between 96% and 99%, you only need to be able to predict the outcome slightly better than the average user to walk away with a profit.

How Do You Gamble Online

Of course, it’s also possible to make great money if you’re lucky enough to win a large jackpot from online slots. A couple years ago, a Scottish woman won £5.4million playing BetVictor’s Hall of Gods (though it’s important to remember that this was the largest win in UK history, and that it was due to sheer luck).

Online slots are really primarily games of luck. While it’s possible to develop a system to make a living from them, you’re still generally more likely to succeed with other forms of online gambling.

Sports Betting

How To Gamble Online And Make Money

Sports betting is another very popular form of online gambling that many people try to cash in on. According to Deloitte, U.K. citizens spent nearly £1.4 billion pounds on sports betting websites in 2013. They wager more money on sports than any other form of online gambling.

Online

There are a couple of ways to make money from sports betting. The first is through arbitrage. A professional sports better on Reddit did an AMA about three years ago and illustrated how he makes a great living off of sports betting arbitrage. Essentially, he places bets on both teams through two different bookies that offer different payouts.

Here’s an example of some of the bets he may place:

• One bookie is offering lines of +120/-130 • The second bookie is offering +130/-140

What the Redditor would do is to bid $100 on one team and $125 on the other. This means that there are two possible outcomes: he either breaks even or wins $5.

There are other ways that players can make money as well (without rigging the competitions, of course). Betters that have a thorough understanding of the competitions can possibly forecast the odds better than their online bookies, which can help them earn a lot of money.

What Does It Take to Make a Living from Online Gambling?

Most online gamblers are hobbyists that expect to lose money in exchange for a little excitement. Some online gamblers are able to make a great living, but it isn’t easy. Make sure that you have all of the following on your side before trying your luck:

Capital You Can Afford to Burn

It’s going to take time to develop an online gaming strategy that’ll work for you in a regular, profitable manner – and you’ll only reach that point by playing regularly. Of course, this means that you’re going to need to spend (and possibly lose) some money.

Treat your new online gambling career like you would starting a new business by saving up a good share of money you can afford to lose. If your wallet is already stretched thin, this isn’t the time to start trying for a career as a gamer.

A Lot of Perseverance

How To Gamble Online

Even the best online gamblers will have their share of off days (and off weeks). You can’t afford to give up if you think that your system isn’t working anymore; instead, you’ll need to just ride it out until you start to make a profit again. If your system has proven to work, have faith – it’ll work again in the future.

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Are you a professional online gambler? Do you wish you were, but something’s holding you back? Share your experiences by leaving a comment below: