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How to make money at casino is a common question these days and if you are looking for an answer to this question look no further. It’s very easy to find a good casino site these days, but it’s not that easy to develop a good strategy that can help you minimize risk and maximize profit.
Stop second-guessing yourself. Every casino game offers you a fair chance of. Select Casino Games with the Best Odds. First and foremost, you should know that not all casino.
In any case, it is possible to make money at casino, but you just need a good plan and discipline to stick to it. While it’s true that many of the casino games offered there are games of chance, it’s also true that there are good and bad players.
If you are a fan of casino games and you want to join a casino site, then you should spend some time learning more about the best ways to make money at the casino. You can use this article to learn:
- How to play as well-informed players
- How to make the best decisions
- How to avoid unnecessary risks
So, do you want to learn the best ways to make money at the casino? We will highlight a few proven ways that can help you.
1. Select Casino Games with the Best Odds
First and foremost, you should know that not all casino games have equal odds. As a matter of fact, some of them have much better odds than others. For instance, online slot games have some of the worst odds you can find in this industry.
On the other hand, there are a few casino games with excellent odds. First of all, there’s blackjack, a card game with average odds that go below 1%. This is a simple game where you have to defeat the dealer, not other hands and a game that doesn’t require the development of a special strategy.
We should also mention craps as a game with good odds. If you play craps you can expect a 50-50 chance of winning a turn in this game where you are betting on a dice roll. Finally, we have roulette. This is a very popular casino game which comes in a few different versions. Regardless of the version, you have betting options like odds or even or black or red where you have 50-50 chance of winning.
As you can see, if you want to make money at casino, you have to get familiar with the odds. Of course, this is not the only thing that determines your success.
- Check the odds of each casino game before playing it
- Analyze the betting options you have in some casino games
- Play very safe at the beginning
2. Choose Online Casinos with the Best Payout
Obviously, the online casino you’ve selected has an impact on your success as a player too. So, it’s wise to opt for online casinos with the best payouts. By best payouts, we mean fast payouts even for high prizes. The same goes for the percentage of player bets returned in the form of winnings after a certain period of time. This percentage is also known as average percentage payout.
There are independent bodies that are investigating these numbers. What you should remember is that in order to claim that they have the best payouts, the casino must showcase a payout rate of 95%. In some cases, online casinos have payout rates of almost 98%. Do some research and find a casino site that promises payouts close to these numbers.
- Look for an online casino with a payout rate above 95%
- Use online casinos with fast payouts
- Join a licensed casino
3. Choose a Casino Site with a Generous Bonus Offer
One of the main reasons why online casinos have become so popular these days is the fact that most of them have exceptional bonus offers. Every guide that talks about how to make money at casino should mention the bonuses as one of the ways to do this. In other words, players should use casino bonus money whenever they can.
It’s good to know that there are different kinds of bonuses out there. For instance, there is a welcome bonus for new players and there’s a loyalty bonus for regular players. Read more about these bonuses before you use them. Another thing that is very important is to select an online casino which doesn’t have impossible wagering requirements.
A rollover of up to 50 times should be your higher limit. The best online casinos have rollover requirements of 20 or 25 times. Additionally, you can get a no deposit bonus which doesn’t come with absolutely no risk for your money. Take some time, conduct research and find the casinos with the most generous bonus offers.
- Select an online casino with a good welcome and regular bonuses
- Watch out for the wagering requirements
- Learn more about the different kinds of casino bonuses
4. Select Low Variance Casino Games
Some players may be sad to hear that less volatile casino games are usually the more lucrative games. There are players may argue that high volatility casino games are more exciting, but you have to decide what’s more important to you – to have fun or to make money at casino. Of course, low variance casino games can provide both. Basically, you should look for a game that requires a longer period to win a prize, but it also requires lower wagers.
Of course, if you are interested in winning huge jackpot prizes and you can afford to lose more money in a short period of time, you can choose high variance games like online slots, video poker, bingo, and keno. On the other hand, table games like Pai Gow poker are casino games that are considered low variance games. Don’t forget that in some cases, players have a direct impact on variance because sometimes it all depends on their gaming style.
- Stick to low variance casino games for long-term earnings
- Table games promise solid returns
- Avoid side bets and play conservative
5. Set Up a Budget
Joining a casino site and playing casino games takes just a few minutes. This is one of the advantages of playing online, but this doesn’t mean that you should do that right away. On the contrary, according to many experts, it’s always a smart move to set up a budget first.
Every casino player must know his limits before they invest their money in casino games. Money management is probably not the first thing that comes to your mind when someone mentions poker, blackjack or slots, but the fact is that if you want to make money at casino then you have to create a budget.
Obviously, you should never play with money you need to pay your bills or cover your everyday needs. As the old saying goes – play with money that you can afford to lose. Don’t forget that online casinos are available 24/7 and there’s no need to be in a hurry when visiting these sites.
- Determine your financial limits
- Don’t play with money that you can’t afford to lose
- Be realistic
6. Learn More about the Games you are Playing
One of the things that make casino sites so exciting and popular is that you can get access to hundreds of games. Of course, not all of these games are different and there are a few categories of games you can choose from like table games, card games, dice games, electronic games, a game of chance and more. But what’s known for sure is that each of them has specific sets of rules.
So, before you start playing on a casino site, make sure that you understand the basics of the game you are interested in. It would be even better if you spend some time reading guides that can help master that game. Usually, it takes some practice and theoretical knowledge to master a game. It’s also worth mentioning that some games are better than the others when it comes to learning.
For example, we can’t compare a classic slot game where you only have to push a button and Texas Holdem where people can apply a myriad of strategies and tactics. Another good advice related to casino games and learning these games is to play one or two different types of games at once. If you are playing three or more different casino games a day, you can become confused easily.
- Master a game you like
- Stick to one or two casino games at a time
- Choose a casino site which offers a variety of games
7. Know when to Stop
No one likes to be called a quitter, but there are times when you are playing casino games when you simply have to stop. The only reason why experienced players recommend this is the fact that you have more than your pride to lose here – you can lose all your money. But, what’s even more important is to understand that you have to stop even when you are winning. Many players have a specific time of the day when they are playing for a certain period of time.
It’s easy to get carried away and try to double or quadruple your earnings, but there’s no reason to test your luck because it will eventually fail you. In addition, you should never chase your losses or cover your lost bets. As we said before, a good casino player has a strategy and a plan and has to stick to it if he wants to make money at casino.
- Limit your gambling activities
- Don’t chase losses
- Don’t try your luck
8. Use the Chance to Play for Free
If you visit a land-based casino, you have to place a bet in order to play. But, the situation is different when it comes to online casinos. Namely, most of these websites are offering free play sessions for their most popular games. This means that you don’t have to invest any of your money to play a game there.
Obviously, this also means that you won’t be able to earn money, but you should look at this as a way to earn money in online casinos in the long run. By becoming familiar with the game you want to play, you will have an opportunity to master it. You can try all of its features and use different betting options and see how they work for you. Spend some time using these casino games for free before you invest actual money.
- Play for free in online casinos that offer free play sessions
- In this way, you will get familiar with the gameplay
- You can find many casino sites with offers like this
9. Choose an Online Casino with no Hidden Fees
In order to start playing casino games in an online casino, you have to place a deposit. In addition, once you want to withdraw your earnings you will have to pick a payment method. Generally speaking, all the online casinos have a few payment methods available for their players. But, what’s different in some of them is the fees. Most online casinos don’t charge fees on deposits, but the situation can be a little bit different when it comes to withdrawals.
The first thing that you should do is to check these fees. A reliable online casino should list these fees on a visible place. In the end, you should not notice any hidden fees in your balance. While you are there, you should also check the withdrawal procedure. Are you able to withdraw your earnings more than once per week? Are there any minimum or maximum amounts that you can withdraw?
- Reliable online casinos don’t charge hidden fees
- Look for online casinos with high maximum withdrawal amounts
- Select online casinos with a good background
10. Don’t Stick to One Casino Site
If you want to make money at casino, this doesn’t mean that you have to stick to one casino site. Online casinos are not like land-based casinos and you can switch to another casino in a matter of seconds. The best casino players out there are members of two or more casino sites.
The truth is that many casino sites in the last few years have developed decent loyalty schemes with competitive points that make their use more attractive. However, this doesn’t mean that you should not join other casino sites. If you have an interest in a specific game, try to find an online casino that has special offers and deals focused on that casino game. Almost all the casinos have temporary bonus offers and using them can bring you a lot of benefits.
We should also mention that many online casinos have special offers for regular players that have stopped visiting their site regularly. They will try to keep your on their website by providing special deals.
- Shop around and don’t stay in just one online casino
- Look for special deals and offers
- Use both welcome and loyalty bonuses
11. Choose Games with Smaller Jackpots
There are many casino games like slot games, roulette, and keno where you can find amazing jackpots. In some cases, these jackpots are worth hundreds of thousands of dollars. But, if you are interested in finding a way to win a jackpot like this, you will realize that you will realize that the odds of winning are extremely low. But, it doesn’t have to be like that.
When a player chooses a game with a smaller jackpot, the chances of winning are higher. This is a low variance jackpot game which is awarded more frequently. Of course, you can still place very small bets on games with impressive jackpot (progressive jackpot) prizes, but don’t hope too much.
- Play safe for big progressive jackpots
- Choose small jackpots over big ones
- Calculate the winning odds
12. Stop Playing when you have a Problem
Finally, there are times when people are noticing that they have problems when it comes to gambling. They are becoming compulsive gamblers that are desperately trying to win high amounts of money. The easiest way to spot this trend is to analyze yourself.
Do you play casino games on a daily basis for more than a few hours? Do you feel dissatisfied when you are playing? If the answers to these questions are affirmative, then maybe it’s time to stop and look for help.
It’s always a smart move to read books and literature focused on problem gambling if you are planning on making money from this interesting activity. Learning more about this behavior can save you a lot of money, time and energy.
- Stop if you have noticed the first signs of problem gambling
- Read literature that can help you in situations like this
- Consult an expert in this field and look for help
So, what exactly is a professional gambler?
A professional gambler is a person who lives from gambling and spends most of his time at the casinos. Professional gamblers are actually earning their paychecks by making the right bets when they play at the live casino tables.
In this article, I will go over some general misconceptions about casino gaming as well as go over a few real-world examples, gathered from several friends of mine who are professional Advantage Players. We won’t give out real names or when these “adventures” occurred, but rest assured this is about as truthful as an accounting of what real-world play is like.
The gambler lifestyle has been portrayed by Hollywood, and more so, by commercials for casinos, to be a glamorous one. Men are always dressed sharply and women are in their best gowns and, both seem to be having a wonderful time. They are winning money, eating at 5-star restaurants and drinking the best champagne.
This is all done to entice the average person to come to the casinos and gamble, but more importantly to lose the maximum amount of money they can. The reality of the casino gaming world is very different.
What Makes a Pro
The term “professional gambler” is sometimes used interchangeably for both people who earn part-time and full-time income through gambling.
But I keep a much tighter definition of a professional gambler.
Real pros not only make a profit through gambling, but enough to pay all of their living expenses. This includes housing, utilities, car payment, insurance, food, clothing and anything else deemed necessary.
A semi-pro is somebody who makes enough to supplement their income but doesn’t earn a full-time living through gambling.
But, when you are on the positive side of the spectrum it’s like taking candy from a jar labeled “free candy”. The hard truth is that the mentality of a professional casino player is equal to a manic depressive.
The gambling world doesn’t offer an abundance of opportunities to make a living, but there are a few different games where you can earn some nice profits. If you play smart and stick to the plan.
Game On
Let’s take a brief look at the most common games that you can make long term profits with and I’ll then go into each with more detail:
- Blackjack
- Daily fantasy sports (DFS)
- Poker
- Sports betting
Blackjack sees you try to win money directly from the house.
Casinos do everything in their power to hinder successful card counters. This includes using continuously shuffling machines, multi-deck shoes, and vigilant security measures.
Anybody who’s caught counting cards is often kicked out of the casino and banned. This is why it’s so important for card counters to blend in with normal players.
DFS and poker both see you compete against your fellow man. The house merely takes a small cut of tournament fees or cash game pots for poker.
Sportsbooks create lines in an effort to get equal betting action on both sides. The sportsbooks make their money by taking 10% juice from the losing group.
Every form of advantage betting has its pros and cons, but the key is that each of these activities offers the chance to make a healthy income.
Counting on It
People have been making a living through card counting since the early 1960s, and despite all the obstacles that casinos have put in players’ way, it remains possible to earn a living with card counting today.
You need a sizable bankroll in order to properly spread your bets and survive variance. The recommended minimum you should aim for is $20,000, but it’s better to have closer to $40,000.
How much you make depends upon several factors, including the following:
- Skill level – Successful counters have between a 0.5% and 1.5% edge on casinos.
- Hands per hour – 50 to 200 depending upon dealer speed & table size.
- Bet spreading – Difference between your lowest and highest bet.
- Deck penetration – The further into the shoe you get, the more confidence you can bet with.
- Counting system – Some systems are more accurate than others.
- Game rules – You want the best rules possible in order to lower the standard house edge.
- Tips – $5 per hour for the dealer is standard.
The final step is to figure out how many hours you’ll play and convert this into an annual salary.
The key is keeping an accurate count amidst casino distractions and blending in with normal players.
Fantasy
DFS is the newest game that offers skilled gamblers an opportunity to make money.
Daily fantasy sees you pay an entry fee to enter contests and compete against other players. The goal is to create lineups that score the most points and rank the highest in tournaments.
The truth, though, is that only a small percentage of those who play actually win. A study from 2015 showed that 1.3% of daily fantasy baseball players collect 91% of the winnings.
Saahil Sud, profiled in a WBUR piece, said he made over $3 million in profits in a single year. Former poker-pro Aaron Jones switched over to DFS and won a DraftKings contest worth $5 million in early 2016.
Of course, the average professional DFS player doesn’t earn quite this much. To determine a standard DFS salary, let’s consider the following factors:
- Entries per day— Most DFS pros enter several hundred contests every day.
- Stakes – Typical entry fees range anywhere from $1 up to $1,000.
- Fees— DFS sites tack on a 10% fee to each buy-in, which is where their profits come from.
- Skill level— Some pros have a bigger edge than others.
Of course, DFS is filled with variables, which is why it’s key to have a large enough bankroll to survive the ups and downs.
Poker
Poker has long been one of the most viable options for becoming a professional gambler. The reason why is because you’re competing against other opponents instead of the house.
It’s tougher to make a living in poker these days because the strategy is more prevalent. Real money online poker gives players a chance to rapidly accelerate their learning curve by seeing more hands per hour.
You can still become a profitable player with enough hard work and experience though. In fact, some pros still make six or seven-figure annual incomes with the game.
However, the vast majority of pros these days earn between $40,000 and $100,000 per year.
Poker is unique in that there are essentially two types of professionals: tournament and cash game pros.
Let’s look at the different considerations for cash vs. tournament play:
Cash Games
- Profit measured in big blinds (BB) made per hour.
- House takes 5% rake from cash game pots for running games.
- More control over annual salary than tournaments.
Tournaments
- Profit measured by rate of return (ROI) on buy-ins.
- House adds 10% fee to buy ins (e.g. $10 + $1 fee).
- Only the top 10-15% of the field makes money.
- Tournaments have more variance than cash games.
A cash player must figure out what stakes they must play to make a comfortable living based on BB earned per hour.
A tournament pro must decide what buy-in level they must choose to make a high enough ROI to live comfortably.
One more consideration here is whether you’ll dedicate the bulk of your time towards live or online poker.
Online cash games and tourneys offer more volume because you can play multiple tables. Plus hands and tournaments go much faster, giving you an opportunity to boost your hourly wages.
Nevertheless, many players find that their win rate is higher in live games. The most lucrative tournaments are found in land-based casinos, too, such as the World Series of Poker events.
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Sports Betting
How To Win Money In Casino
The good thing about sports betting is that you don’t need to have a massive win rate just to book profits.
Sportsbooks only take 10% juice from the losing side. This differs from DFS and poker tournaments where you must pay an extra 10% fee regardless of whether you’re a winner or loser.
The juice can be lowered or adjusted based on where the sportsbook is trying to push action, but 10% is generally the amount you’ll see taken from the losing side.
Pro sports bettors must be very keen at handling their bankroll since they’re dealing with such small profit margins. They also need to make larger wagers than “Gary the CPA from Ohio” to increase potential profits.
Some sports bettors have made millions of dollars with this model. But the average bettors are looking at more modest salaries ranging from $50,000 to $150,000 annually.
Conclusion
Being a pro gambler has some obvious benefits, including flexible hours, being your own boss, and the ability to increase your income.
Some gamblers, such as Saahil Sud and Bob Voulgaris, have even gotten rich with their skills. Of course, you may be perfectly happy making mid-5-figures, as long as you get to enjoy the aforementioned benefits, but there are also some downsides to be aware of. These include risk, highs and lows, no sick days, and the potential to lose everything.
How Do Casinos Make Money
The potential rewards can be great in the case of card counting, DFS, poker, and sports betting, but you also have to be disciplined and good at handling risk.