Fortunately or unfortunately, the primary focus of gambling has shifted over the years to money. The industry that started as a small part-time activity for people in popular joints is barely recognisable. It has transformed into a multi-billion dollar industry employing some of the best minds in the corporate world.
Given all the money casinos and bookmakers are flaunting around, one is left wondering whether gamblers are gaining anything at all. With the advent of technology, the activity has even been made easier and the profits have increased. New betting platforms are being opened online every now and then and so the question is, how are people generating income from these gambling websites?
To begin with, card games are one of the most fruitful ventures punters are investing in. Online poker sites have the tendency of attracting amateur players and if one has been in the game for some time, taking them down is not difficult. However, one has to be really good to consider taking this route. The very best minds in that industry are banking loads of crispy notes from it. A good example is Niklas “ragen70” Heinecker who, in 2013 alone, was able to bag a whole $6.3 million!
Gamblers making real money also know how to take advantage of bonuses. An example of how they do this is by using ‘Matched Betting’. The method is legal so you do not have to worry about getting in trouble.
This is how it works. Players first look for an online site with a ‘free bet’ offer such as William Hill, Bet365, Betway, 888sport etc. They place a bet at these sites for a specific result to come true like betting a certain horse will win. They then stake a reverse bet stating that the horse will not win with an exchange site such as Betfair. In placing their first bet, they receive the free bet and even if that bet loses, they get to recover it from the second bet. To be perfect in utilizing bonuses, you need to learn more about casinos and bookies.
At LeoVegas Casino, for example, you can enjoy several other bonuses that will definitely work for you. At Boylesports, you can get free bets of up to £25.
Slot machine lovers regularly utilize high progressive jackpots as a way of beating the house edge. Most of the video slots run online have advancing jackpots that accumulate to the point that the house edge is lost.
What this means is that the jackpot develops into something so big that it will cost one less than the jackpot in spins to win. Although it is a daunting task to keep tabs on the money up to the break-even point, it is always advisable that one settles for progressive jackpots in slots if they are offered.
So far, this is the only legal strategy that can be used against online slot machines and thus it is the way to go for most slot machine fanatics out there.
Although the above strategies are what most people are using to insulate themselves against losses, they are not 100% effective in the long run. To understand why you need to be familiar with the term ‘house edge’.
This is the advantage a casino has over its players in the long-term. Just think about it. If it were completely possible to eliminate the house edge and win every time, where would casinos be getting the money to facilitate their activities?
Again, why is it that the people who are usually on the forefront selling these strategies do not win all the time? Gambling is highly dependent on luck and the only thing one can do is to reduce your chances of losing but not eliminate them completely. For the former, the strategies described above are a good place to start.