Making money from online gambling
Online gambling is an inherently risky proposition. Most gamblers will lose their money - if it were not so, online gambling sites would not be making lots of money.
The truth is that they are making lots of money. The percentage of winning gamblers has always been less than 10%, in pre-internet days, and now it is less than 5% overall.
Those numbers may be frightening for some players. But a better way to look at is that it shows that it is possible to make money from gambling. Of course there are some tricks - even skill - involved. As the numbers show, most players will lose, but the smart ones can actually turn a profit from the available offers and games on the internet.
Before you even begin to contemplate gambling for money, you must make sure that you understand the fundamentals of both gambling in general, and the game you wish to play in particular.
If you don't want to put up too much of your cash up front, you can find bookies with low deposit limits at Minimumdepositbetting.com, along with some good value bonuses when they are available.
Get the basics of your chosen game down before you put any of your own money up. There are plenty of free gambling games online; most every online casino will offer you the chance to play their games without depositing. Some casinos will even give you a few dollars of real money to gamble with, again with out requiring a deposit.
Use these resources to get to grips with the game play and the casino software. Games like blackjack and craps, even roulette, can be complicated to learn at first, and there is no benefit to adding the stress of having real money on the line to the task of learning the game play.
How to win
Winning, in most gambling games, will come down to luck. Except for poker, where skill should play a major part in your overall profitability, there is no edge to be had in online gambling games. All the games that you can play will have a house edge built in to the numbers. This means, in effect, that the odds are stacked against you. Even in blackjack, where, with proper play, you can reduce the house edge to as low as 0.50%, that edge will eat away at your bankroll slowly but surely. Casinos are not in the business of making it easy for you to take their money.
However, all the above notwithstanding, it is possible to skew the odds in your favor, just a little (hopefully enough) to give you a chance of generating a profit. Once you understand the odds, then it becomes easy to see when a particular promotion increases your edge.
We do try to find the good promotions as they come up. But usually these offers are short-lived, usually only available for a specific event or holiday, such as christmas. used properly, they can increase your chances of making money. Maybe only slightly, and maybe only for a small amount. But many small positive-expectation bets can begin to add up to a nice size bankroll.
Other sources of possible profits are casino - and poker - deposit bonuses. Especially in the case of casinos, you should always check the small print. These online casinos have people employed to work out the bonus deals and make sure that they are not too favorable to the player. Most offers will have terms in place that cap your winnings from any bonus deal, so you quite literally cannot win too much. Poker is a little bit different, in that the bonuses can be good, but are in effect a different form of rakeback. In order to release the money, you must pay rake. So in reality you are just receiving a portion of that rake, or fee, back. If you don't pay it in the first place, you certainly don't get it back.
That is not to put those offers down; they can certainly be worth exploiting. Just don't be under any illusion that you are getting something for nothing.
Stake and money management
You will need to learn money management skills in order to prosper in the online gambling world, there is no way around that. But it need not be difficult.
Managing the size of your stake can have a big impact on your bottom line too. Betting more when the odds are in your favor is just good sense. Reducing your risk on long shots goes hand in hand with that. And that is the essence of stake management. You can also try various betting systems which are the same as increasing and decreasing your stake in accordance with the percieved risk.
We believe in using systems for gambling, and we examine the most popular ones here in detail. But we don't promote them as a sure-fire way to win. If they worked like that, well, the casinos and bookies would go broke, and we'd get rich in the meantime. No, that isn't the case, but varying your stake can help with your chances of success, so long as you know what to do and when to do it.
Gambling can be great fun. Done with soe skill, it can actually be profitable. But gambling with money that you cannot afford to lose is just not smart. If you feel that you are betting above your comfort zone the first thing to do is stop. Don't rationalize it, just stop. Second, get help. Please, please, pLEASE, do NOT gamble with money that you need for something else. Only play with cash that is disposable.
March 14, 2015
Bet365 Poker on the iPoker network has some of the lowest minimum deposit limits of any online poker room. It is possible to deposit as little as £1.00 here
September 8, 2012
September 8, 2012