How to Win at an Internet Casino!
How to Win at an Internet Casino!
- by Brian James
The basic premise is simple: You deposit money in an Internet casino account. Let’s say it’s $100. Because you are a new customer, the casino adds a “bonus” of an extra $100, so your account now reads $200. Hey, that’s great! Let’s cash out now!
Yeah, right… It’s not quite that simple…
You can’t withdraw your funds yet. If it was that easy to make $100, the Internet casinos would have all gone broke long ago. The casino requires you play a certain amount before you can withdraw your funds. We call this the wagering requirement.
How much do they require you to wager? You look at the casino’s Terms and Conditions, which you’ll find from a link on their home page or promotions page, and you see that at this particular casino you have to wager five times the amount of your deposit and the bonus money combined. Then you can withdraw any amount of your deposit and bonus that’s left, plus any winnings from your play.
That wagering requirement will be strictly enforced. If you withdraw any funds prior to meeting this requirement, the Terms and Conditions may specify that you will lose the full amount of the bonus and any winnings from your play. (Some Internet casinos won’t allow any withdrawal of funds before meeting your wagering requirement–not even of your original deposit.)
So, you multiply your $200 (your deposit plus bonus) times five, and you realize that you must wager $1000 before you get to keep any amount of the bonus that’s left after this gambling, plus any winnings you have during this play. You may wager this $1000 any way you want. You may place ten $100 bets, or two hundred $5 bets, or a thousand $1 bets, whatever you prefer, so long as you put a total of $1000 into action.
Is this a good deal?
Yes, it’s a very good deal since this casino allows you to play their 6-deck blackjack games, where the house advantage is only one-half of one percent (0.50%) over a basic strategy player. And you know basic strategy! (If you don’t know basic strategy, you can follow the Correct Blackjack Basic Strategy on a Wagering Requirement Chart available at Blackjack Forum Online.)
Or they let you play video poker or Pontoon, with a similarly low house edge. Or the bonus is enough to cover the house edge on a variety of other games of your choice.
You pull out your calculator and quickly determine that one-half of one percent of $1000 is only $5. That means that if you play perfect basic strategy until you’ve given them a total of $1000 of action, you would expect to still have $195 remaining, for a $95 profit on your $100 investment! Not bad!
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So, you play through your $1000 in action at their blackjack tables, but unfortunately, you have a bad run of cards, and you wind up with only $165 in your account at the end of your play session. Well, a $65 profit is at least a profit, and you know that in the next casino you may have a good run of cards, leaving you with more than your $95 expectation. In the long run, you’ll sometimes win more than your expectation, and sometimes less, but for every time you play a bonus like this, you’ll average a $95 profit.
That, in a nutshell, is how it works. The bonus money that the Internet casinos give to new players is worth more than the cost of meeting their wagering requirements.
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