Couputers and Roulette: Can We Hack Roulette Wheels?
I've just finished reading way too many articles about fool proof ways to win at casinos. I've had enough with roulette computers that beat roulette wheels. I feel a need to get in my two cents in. My two cents are pessimistic. That being said, I do know how you can tilt the odds in your favour. It's just not that glamorous. It's like cutting out coupons in the newspaper before you buy your groceries.
Online casinos like new customers. It's a bit of an obvious statement, but a good place to start nonetheless. Casino's are wrestling with the marketing problem. Faced with many similar casinos, how can one create a unique value proposition for customers. How can they make their casino the best. There are several possible means. Casinos can compete on: - pay out ratio (one casino pays out 98% of the money it takes in)
- quality of the software
- cash bonus when you sign up.
The main problem with the first marketing effort is that it reinforces the notion that you're taking money from the players. This might not be the fact that you want to emphasize in your online casino marketing efforts.
The problem with the second is that the best, and highest quality software and resulting Internet gaming experience can't be experienced until after the would be customer downloads the software. This strategy doesn't help get new customers. The first two strategies don't help you get new customers, they just helps keep the ones you already have. The last strategy is the online equivalent to the $5 lobster dinner at Vegas. It's just a loss leader - plain and simple.
Combined with search engine optimization and affiliate programs, the third strategy seems to be the strategy of choice. The proposal works like this. Sign up, deposit $50 and we'll give you $50. The only catch is that you need to gamble a bit before you take the money out.
Many Internet casinos offer 10%, 20%, 25% bonuses. It might be better to look for individual free money for every $25 you deposit. If the casino will give you a free $50 for every $50 you put in, this works out to a 100% bonus. One place offered $100 for a $25 deposit. This is a whopping 400% bonus! Not bad. So is there a catch? Not really, as long as you don't end up losing more than the bonus. A little self discipline.
So, how do you hustle the casino?
A Blackjack player that knows some basic strategy has a disadvantage of around .5%. This means that for every $100 that you wager, you should get $99.50 back. I think that this is actually pretty good. For one hours worth of entertainment, you should be down at most a buck or two. If you're lucky, you might win a bit.
Internet casinos usually want you to make $50 worth of bets before you take the money out. Normally, you'll end up with $40 to $60 to take out (assuming you deposited $25 and the casino kicked in $25 as well). It's cool is you suck at Black don't sweat it just play Baccarat or Craps. In Baccarat, bet player or banker. In Craps, bet pass or don't pass. These strategies give you about a 1% disadvantage. Make all your bets the table minimum. Keeping you bets at the minimum diversifies the risk over more hands and increases the chance that you will end up with between $45 and $55 worth of cash. Now just have fun and make $50 worth of bets. In general, it's a good rule of thumb to deposit more than the minimum amount. This is just to avoid suspicion. After you're done, take most of your money out. If you leave a bit in, the casino might give you the same sort of deal and you can make more money this way.
Online casinos like new customers. It's a bit of an obvious statement, but a good place to start nonetheless. Casino's are wrestling with the marketing problem. Faced with many similar casinos, how can one create a unique value proposition for customers. How can they make their casino the best. There are several possible means. Casinos can compete on: - pay out ratio (one casino pays out 98% of the money it takes in)
- quality of the software
- cash bonus when you sign up.
The main problem with the first marketing effort is that it reinforces the notion that you're taking money from the players. This might not be the fact that you want to emphasize in your online casino marketing efforts.
The problem with the second is that the best, and highest quality software and resulting Internet gaming experience can't be experienced until after the would be customer downloads the software. This strategy doesn't help get new customers. The first two strategies don't help you get new customers, they just helps keep the ones you already have. The last strategy is the online equivalent to the $5 lobster dinner at Vegas. It's just a loss leader - plain and simple.
Combined with search engine optimization and affiliate programs, the third strategy seems to be the strategy of choice. The proposal works like this. Sign up, deposit $50 and we'll give you $50. The only catch is that you need to gamble a bit before you take the money out.
Many Internet casinos offer 10%, 20%, 25% bonuses. It might be better to look for individual free money for every $25 you deposit. If the casino will give you a free $50 for every $50 you put in, this works out to a 100% bonus. One place offered $100 for a $25 deposit. This is a whopping 400% bonus! Not bad. So is there a catch? Not really, as long as you don't end up losing more than the bonus. A little self discipline.
So, how do you hustle the casino?
A Blackjack player that knows some basic strategy has a disadvantage of around .5%. This means that for every $100 that you wager, you should get $99.50 back. I think that this is actually pretty good. For one hours worth of entertainment, you should be down at most a buck or two. If you're lucky, you might win a bit.
Internet casinos usually want you to make $50 worth of bets before you take the money out. Normally, you'll end up with $40 to $60 to take out (assuming you deposited $25 and the casino kicked in $25 as well). It's cool is you suck at Black don't sweat it just play Baccarat or Craps. In Baccarat, bet player or banker. In Craps, bet pass or don't pass. These strategies give you about a 1% disadvantage. Make all your bets the table minimum. Keeping you bets at the minimum diversifies the risk over more hands and increases the chance that you will end up with between $45 and $55 worth of cash. Now just have fun and make $50 worth of bets. In general, it's a good rule of thumb to deposit more than the minimum amount. This is just to avoid suspicion. After you're done, take most of your money out. If you leave a bit in, the casino might give you the same sort of deal and you can make more money this way.
posted by Jedi Master at
5:27 PM
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