If you have ever considered making money out of a game at the casino. Then it is likely that someone will have brought you back in touch with this saying.
There is some validity to this, casino games are designed with the sole purpose of stealing money from the individuals that use them. The maths used in casino games give the casino a margin, a margin which gives them vast sums of money in the long term.
But did you realize that a team of students at the MIT university in America won millions betting at blackjack? There are still professional blackjack card counters making a living gambling today. Gambling at positive expected value is when you reverse the odds for yourself.
So in fact the house isn't always a winner!
In this tutorial today, we are going to explain how you can earn money through casino promotions, where you can find the latest casino offers and how you can make a profit in the long term through this casino promotions strategy.
How Casino Games Work: Logical Context
First of all let us talk about how casino games work. All casino games are mathematical, the idea behind the game is that although customers will have to get an opportunity to win. The casino will profit in the long term due to the mathematical edge that they have.
Casino games come with a rating called the return to player rate.
Here we have explained the rates of some casino games:
- Blackjack – 95% – 99.5% (Based on player strategy and rules)
- Roulette – 97.3%
- Slots – 80% – 98% (Available in a large number of varieties)
- Baccarat – 98.95%
RTP (Return To Player) rate is a straightforward indication of the amount of money a player will lose playing a casino game. For example, if you visited a casino playing perfect blackjack strategy (99.5% RTP) for each £100 that you wager a very small loss of just £0.50 would be incurred.
If however if you were playing on a slot which had a 90% RTP, then your average loss for each £100 you placed on it would be £10. This is purely due to the fact that all games at a casino are not equal. Some will spend less money than others.
Maybe you are wondering how do people make a professional income by playing on casino games, if the odds always work in favor of the casino?
This leads to a term referred to as advantage gambling….
Advantage Gambling in Casino Strategy:
Advantage gambling is a phrase to describe when we can convert the mathematical advantage to the casino into our own benefit as a gambler. There are times when we can gamble casino games with a higher RTP (Return To Player) than 100%. When we so do, we are no longer bound to lose money in the long term. Our expectation is to gain profit.
Here are some scenarios where RTP can be pushed over 100%:
- Blackjack Card Counting – 101.5% RTP
- Casino Cashback Deals On Slots – 105% RTP
- Casino 30% Deposit Bonus – 108.5% RTP
- Casino Sign-Up Bonus – 200% RTP
In this tutorial, we won't look at card counting because this is a complex method that is usually practiced in the live casino setting. The aspect we will address is exploiting casino cashback rewards and bonus rewards. They are available on a daily basis and they are very lucrative to practice in the long run.
How Much Can You Make From Advantage Gambling
As opposed to matched betting where people will make roughly the same profit out of every offer. With casino offers and advantage gambling there is much more variance (luck).
For example in the bet, that we cut apart earlier. One may wish to stake £10 on 3 blackjack hands and win all three. Showing a profit of £30 and including the £25 cashback which equates to £55 profit. Another may stake £5 per hand on six blackjack hands and breakeven. Showing only a combined profit of £25.
A single unlucky player can lose all the blackjack hands and have -£5 remaining after the £25 cashback has been applied. To demonstrate this, I have provided my chart of over 7000 casino promotions that I have completed in several years. All the promotions were completed when the RTP was well above 100%. This is known as a plus EV (Expected Value) casino offer. Each of the offers completed was plus EV.