Know Your Game.
Firstly, before you can decide how to beat the house you need to decide on a game to play. There are many online casinos with numerous game options such as blackjack, roulette, keno, slots, baccarat and craps. One winning tip starts right here and that is to KNOW THE GAME YOU ARE PLAYING. Once you have made your decision of which game to play then it is worth finding out what the house edge is for each given type of game and deciding which game is best for you to learn. If you are new to the world of online casinos then you can decide to use the casino’s practice or “fun” tables to try it out until you get the hang of it.
What is the House Edge?
Before you can figure out how to beat the house edge you first need to know what it is and how it works. Essentially this terminology relates to a situation of a minimum profit percentage generated by a casino when a given game is played in a way that gives the best possible outcome or odds to the player over a long period of time.
For example: if a casino deals 10,000 hands to a player using Standard Blackjack rules, and he/she places a bet of $1.00 per hand, the house stands to win between 2 and 3 percent from this player (meaning the player loses $200-300). However a player using an optimum blackjack strategy often referred to as “Textbook Blackjack”, can bring those odds down to as little as 1 percent. Click here for Blackjack Strategy.
Can this style of play help you to win money?
In an online casino the answer is absolutely yes, but not always and it depends on the patience, concentration and greed of a given player. If a person can carry these attributes, it is possible to win money via sign up bonuses. These come in to play by seeking out the best “play-through requirements” of each casino.
For example; A player deposits $100 into a casino which is offering a deposit bonus of 150% up to a maximum of $150 and has a minimum play-through requirement of deposit + bonus X20 for blackjack games. This player must play a minimum of $6000 before their bonus of $150 is redeemed (deposit $150 + bonus $150 x twenty = $6000). So how does this help you?
If this player plays at $1.00 per hand they can play up to or over 6000 hands before the full bonus is released as a CASH sum available for withdrawal. If they play textbook blackjack at a loss rate of 1% over this number of hands they stand to lose $60.00 from their original balance of $300 which means by the time the 6000 hands have been played, they have actually made a gain of $90 and have beaten the house edge by profiting with 1.5% instead of losing by 1%.
A profit of just $90 from 6000 hands of blackjack may not sound like a great return however there are varying offers available in deposit bonuses, some of whom may offer 400% or more as a deposit bonus and for this the same maths apply depending on the play-through requirements of each casino; some have higher and lower requirements for each type of game played. Lots of people have made a lot of money this way — it just takes some patience and most importantly the knowledge of the game you are playing.
If this does not sound like a great enough profit margin for you, then there are other ways, however, to make money. Naturally card counting in an online casino is impossible so that leaves you with betting strategies as your main point of focus. See article on betting strategies for blackjack to see more winning tips.
About the Author
Online Casino Executive
Brian has been both a player of and an executive in online casinos for 6 years. He knows both sides of the story from his experiences in dealing with players’ complaints as well as devising casino retention campaigns and new product development hand in hand with the main casino software providers for the industry. He equally knows firsthand the frustrations players go through from not getting a reasonable request dealt with by their casinos. His belief is that if operators only treat players with respect then almost all issues can be resolved easily… although his experience is that too few operators treat their players this way…!