For most people, gambling is no more than a rich man's sport. It is commonly perceived to be a form of amusement or entertainment which allows people to have loads of fun while swelling up their income. Perhaps this is the reason why the word 'gaming' has become synonymous with gambling.
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However, it is important to realize that gambling does not always equal entertainment. For some people, gambling can be a way of life, it can be means to an income. Free blackjack simulator. Believe it or not, a small proportion of the gambling community are actually able to make a decent living by getting involved in online gambling.
Online gambling is now more widespread than it ever was. In fact, online gambling is gaining popularity much faster than its brick and mortar counterpart. People find it much more convenient to log into online casino websites instead of making the trip to extravagant casinos in the posh areas of big cities.
The rapid rise in the popularity of online gambling has opened up windows of employment opportunities for quite a considerable section of the British population. It is no longer rare to stumble upon a person who spends majority of his or her days behind the computer, playing online casino games on world renowned gambling websites.
How to Make Money Gambling Online?
The whole idea of earning from online gambling may appear silly to most individuals, but the 'job' itself is not too different from other home based jobs such as blogging. The so called professional online gamblers leave no stone unturned in making sure that the odds are in their favour.
They develop their gambling skills immensely and acquire extensive knowledge of gambling games to ensure that their chances of winning are maximized. If you are interested in making good money by gambling online, then here are 5 tips that ought to help you along the way.
Perfect Game Selection
As is the case with any other form of profession, being successful in gambling requires you to find your niche. You cannot expect to be the luckiest man on earth and be an expert on every single game. There will be some gambling games that are simply not meant for you.
Do not overwork yourself by trying to excel in all the games, instead focus on a few particular games that you have a knack of winning in. For generous payouts, you can try out Blackjack or video poker.
Earning decent sums of money by playing this game should not be too difficult if you really put in the effort. You will be delighted to know that the payout ratio of these games range from 98 to 100 percent.
Practice Makes Perfect
Once you have selected a game for yourself, the next step is to spend a considerable amount of time playing the game on a daily basis. You do not have to become an addict. Obsession is not required to attain success in gambling.
However, playing the game frequently will help you get a hang of the game more quickly and will allow you to know the ins and outs of the game in a very short period of time. The more you play the game, the better will be your skills.
As the saying goes, practice makes perfect. If you are concerned about losing too much money by playing too frequently, you can head over to online gambling sites which give you the option of playing demo games. In a demo game, you do not have to put real money on stake. You can play around with free money.
Stable Internet Connection
Any home based job requires you to have a stable and preferably a high speed internet connection. This rule applies for online gambling as well. You cannot possibly expect to make good money from online gambling if your internet connection constantly fails you.
Make sure that you do not pick online gambling websites that frequently time you out. In the case that you are being timed out repeatedly by your favourite site, the best option is to simply shift to a different gambling site. There are plenty of sites available, so there is no reason why you should be stuck with one.
Frequent Downloads
This is one trick of earning money gambling online that you should not miss out on under any circumstances. King spin slots. Whenever you have made a certain amount of money gambling online, your first priority is to download your earnings right away.
It does not really matter if the earnings are paltry or huge, frequent downloading of the earnings makes your whole online gambling experience run much more smoothly. Maybe you are not aware of this, but there are plenty of rogue online casinos out there which will have no hesitation whatsoever in cheating you off your money.
Be sure to stay clear of such casinos that are involved in fraudulent activity. If you are not sure of how to differentiate the rotten apples from the good ones, simply download your earnings frequently. This will keep you safe from the fraudulent behaviour of shady online casinos.
Build Your Strategy
Preparing to be successful in online gambling takes time. It will not happen overnight, although there is always the possibility of you being incredibly lucky and winning a jackpot at first go. However, you cannot let your gambling 'career' depend on Lady Luck.
If you intend to make money gambling online, you need to create your own luck by building your own strategies. You need to realize that there are far better and more skilled players competing with you in online casinos. The only way you can outperform them is by learning the game to the best of your ability.
Also, be open-minded to the idea of losing a little bit of money initially. As mentioned before, success in online gambling will not come immediately. You need to be patient and wait for the right time to make your moves. You are advised to hold on to your day job while you hone your gambling skills.
You might have heard of a famous winning gambler named Ashley Revell. You might even know that he bet his entirebankroll on a single roulette spin. (He put it all on red, by the way.)
Depending on your perspective, Revell might be one of the biggest fools in the gambling community.
But he might also be one of the savviest roulette players in history.
For those who aren't familiar with Revell's story, here it is in a nutshell.
When he was 32 years old, Ashely Revell sold everything he owned – including his house and car – and then bet all his money on red in a roulette game.
He was worth $135,500, and he won his bet at the Plaza Hotel and Casino in Las Vegas. Since red's an even-money bet, he walked away with $271,000 in his pocket.
As it turns out, this is a perfect example of something called 'the maximum boldness strategy.' The theory behind the maximum boldness strategy is that the best probability of doubling your moneyin a negative expectation game is to make a single huge bet.
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Here's why.
Suppose you have $100, and you want to double your money playing roulette. You could make a single $100 bet, or you could make a couple of $50 bets. You could bet four times, putting $25 on eachbet.
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What's the probability of doubling your money in each of those scenarios?
The first thing to understand is the probability of doubling your money on a single spin of the roulette wheel. If you're playing on a standard American roulette wheel and placing an even-moneybet, you have 18 ways to win out of 38 possible outcomes. Your probability of winning, therefore, is 18/38, or 47.37%.
That's as close as you'll get to a 50/50 shot in this scenario.
To calculate probability when multiple events must happen, you multiply. To double your money when placing two bets of $50 each, you must win both of those bets.
The probability of that is 47.37% x 47.37%, or 22.42%. That's a little better than 1 out of 5 and a little worse than 1 out of 4. This is because you also face other scenarios – losing both spinsor winning a spin and losing the other spin.
This is also a good example of how and why the house edge works in gambling. The more bets you make, the likelier it is that the casino will win all your money.
