Whenever you walk into a casino, be it a land-based or an online one, one thing has to be clear for you: the expected value you’re facing is a negative one. In order to understand what this is about, first you need to grasp the concept of mathematical expectation, also known as expected value or EV.
The best way to illustrate the EV at work is through an example. Let’s say you and I both bet $1 on a coin-flip. The likely outcome of a coin-flip is 50-50, which means, on average I’ll win once every two flips. Again, the word to focus on here is ‘on average’, because it can well happen that I lose or win 10 flips in a row, but after a very large number of flips, if you add things up, the result will be a 50-50 distribution of wins, so basically none of us shall win anything. Therefore, the expected value on an even bet on a coin-flip is zero.
Now then, let’s say we agree that I bet $1 against your $2 on the coin flip every time. This changes the whole situation. Because I win once in every two bets, that means I lose $1 on the first one and win $2 on the second one. That is a clear profit of $1 after every couple of bets. Divide that with the number of bets (2) and you get the mathematical expectation/every single bet we play, which is +0.5 for me and -0.5 for you. Now all I have to do is make sure that we play as many bets/hour as possible, in order to maximize my hourly rate.
This is exactly the kind of treatment you get in a casino. You play with negative EV, albeit the negative EV will be much smaller for you on most casino games. This brings us to the house edge. If I were the house in the above example, the house edge would be 25%, because on every $2 bet that you made, you’d get $1.5 back. If the house advertises a 1% house edge on blackjack, you’ll know that you’ll get 99 cents back on every $1 bet that you make.
Why do people play in casinos at all if they know they’re going to lose? – you may ask. There’s a thing called variance that keeps gamblers on the edge of their seats. You see, even though you know you’re going to lose X amount of dollars on the roulette, with every spin you get the chance to bring the house down. On top of that, variance says there’s nothing to prevent you from stringing together some quite incredible wining streaks, so variance does indeed induce a huge luck element into the game. That is what compulsive gamblers crave, and that is the driving force behind the whole industry.
Now that you know what the house edge is, let’s take a look at the pay-out rate. If you walk into a casino you’ll probably see that the payout rate is displayed on slot and video poker machines. In the case of these games, the payout rate is usually somewhere between 95-98%. The payout rate is the opposite of the house edge. The house cannot tape it onto a slot machine that ‘we’ll take 2 cents of every dollar you play here’, instead it’ll say ‘we give you 98 cents back on every dollar you play’. That’s the payout rate.
Another concept you have to be familiar with, is the house drop. You’ve probably heard, that on blackjack for instance, the house edge is a mere 1%, the house drop however, can be as big as 15%. The 15% profit is what the house really counts on for revenue, as most of their players will play with a less than optimal strategy, they’ll go on tilt, they’ll spend too much time at the table, etc.
Your goal as a gambler should be to reduce the house drop and the house edge as much as possible. You can achieve that via learning basic strategy, perfecting optimal strategy, counting cards, taking full advantage of rakeback, comp points and whatever else the house offers, making sure you do not play drunk, keeping calm and managing your bankroll well.
In some games, the house edge can even be overturned, but in most casino games that is impossible. Avoid games that feature out-of-this world house edges like keno, focus on those that pay much better and make sure you stay focused under all circumstances.
Much like its land-based counterpart, online casino gambling features negative EV value too (because of the house edge). What this means is that if you were to play on forever, you’d practically be guaranteed to lose some money. How much money you’d lose, depends on the size of the house edge. Does this mean it’s impossible to win in an online or a B&M casino? By no means.
The variance that comes with the betting doesn’t care about the house edge. Even though in the long-run the house is certain to pocket the 0.5-60% (depending on the game) revenue per bet, in the short-run there are no guarantees that the player will not win big several times in a row. By exploiting the variance, it is indeed possible to win a whole fortune gambling online or offline, in an honest and trustworthy casino.
This brings us to our next point to ponder: in order to make sure you do indeed secure yourself the best odds, you need to play in a 100% honest and trustworthy casino indeed. What does honesty mean in this context? It means that the casino games are fair, they do not push a bigger house-edge than the ones advertised, and in this respect, the casino undergoes regular audits by an independent authority. Make sure you check for the supervising organization, because it basically guarantees you that the casino does not swindle you out of your money.
In the case of a casino, being trustworthy means that the casino pays out all withdrawals, it doesn’t stall its patrons when they want to cash out their winnings, and it doesn’t deduct all sorts of fictitious taxes. In a word: they don’t rob you of the money you’ve worked (or rather, played) for. Few things are more disappointing than getting lucky and then getting your spoils denied by a greedy casino operator.
The games that you play carry a huge importance too. Different games feature different house edges, and quite naturally, you should stick with the ones with the lowest possible house edge. Mind you that while the house edge is as small as 1-2% on slots, blackjack and video poker, it can be as high as 60% on bingo and keno. Be well-informed about the games you play. Different bets on the roulette carry different house edges, and there are two versions of roulette (American and European) out of which the European is the better one odds-wise for the player.
Also, different online casinos often feature different house edges on the same games. Another factor to consider when you’re playing online, is the first deposit bonus. Every online casino features some sort of sign-up bonus, and if a player chooses these bonuses wisely he may just eliminate the effects of the house edge altogether. A sign-up bonus is usually a % match on the real money deposit the player makes. The bigger the percentage, the more bonus money you’ll get, but this is by far not the decisive factor when evaluating a bonus. All bonuses need to be unlocked, even if some of them are remitted to the player’s real money account right away (in this case, the player will not be able to cash out until he fulfills the turn-over requirements). The turn-over requirements determine are what ultimately determines the overall value of a bonus. The fewer times one needs to turn the money around, the better the bonus. Be very careful in this respect: not all of the games offered by the casino are eligible for bonus redemption: those with the smallest house edge are usually not. Betting on red or black or odd or even on roulette for instance, are such bets. Using these bets, players can turn around huge amounts of money in a relatively short period of time with minimal risks. The casino just can’t stand for that.
Take into consideration the loyalty program the casino or poker room runs (if it runs any). These loyalty schemes, such as casino comp points and poker rakeback, provide a permanent edge, and for that, they’re far superior to regular sign-up bonuses.
New Features of Casino Internet Online Poker
1. The casino internet online poker gives a player equal advantages with other opponents. In virtual Internet space it is not easy to read the reactions of each player – nothing to read at all.
2. Online casino poker provides the player with a faster rate of play and the access to more multiple tables. This means that the player has a higher chance of earning money.
3. The casino internet online poker can secure the "hand history" of every play of the players. No cards from the air 
This is not the complete list of advantages, but they are seriously explaining why people show a massive trend to live online casinos and online poker in casinos in particular.
The game of poker is around 200 years now – widely played in different countries and continents. Traditional poker venues are usually called brick and mortar venues. But through the years, the casino has also adopted the game and included it into its game offerings.
Online poker history ABC
Linguistic scholars insist that the name ‘poker’ literally came from ‘poque,’ which was a French derived from a German word ‘pochen’ or ‘to knock.’
The mechanics of poker hint that the game could have been culted out of the ‘as nas’ game in Persia. Studies found that the Persian sailors in the 17th century taught the game to French settlers in New Orleans in the US
Since then, modifications in the mechanics and procedures of playing have been launched. So online poker today is just one more evolution the game has taken over the centuries.
Online casino poker vs. offline casino poker
Casinos strategically survive, and going online is one of the part of surviving and conquering the new market. That is why online poker is preferred by poker organizers – the game requires cheaper overhead costs.
Players often view online poker as friendlier and more flexible.
Plus online poker is also more attractive for beginner,s because they can be allowed to play online poker even for much lower stakes, which can be as low as a single cent!
That is why today there are no doubts – online poker is on its up and going upper. This is not the end to the traditional offline casinos, but this trend will change a lot.
The title of this post sounds like it is having too many questions. It is – but the point to create it long and provocative was simple. Why do so many people are making a big mistake and think that the richest guys and gals are casino winners? Of course, it is great to grab a jackpot at a casino – I am not against it, you are not against it, no one is against it.
BUT
Do You Know Who Is the Next Richest in Casino Business
After Casino Owners?
Casino Affiliates!
And today especially this is true when we are talking about online casino affiliates and online poker room affiliates. Because it is much easier to make a person who is online go and play online, then leave the PC and go and play offline.
Online Casino Affiliating is a Hit!
Let Me Count Some Perks from Personal Experience…
Yep, this is cynical – but I get to feel more important when casino representative is calling me and says – "Hi, pardon me for blah-blah, you would be so kind if you put our banner on your site, because we prepared this and that for you and…" – you got the point.
This is, perhaps one, of the best paying niches in the Internet. Just imagine that for generating one lead – real person who joined under your link and started to play – you can get over $100 for just one person!
Not all of them, but most of the online casino affiliate programs have very good conditions. For example, how about getting into 10-tier affiliate program? In real life it means that if you do your part of the job wisely, then you will milk a certain % from the recruitements done with your affiliates, affiliates or your affiliates, affiliates or the affiliates of your affiliates – and so on for 10 levels in your downline!
By the way, the banner below is a 10-tier affiliate program.
I don’t say they are the best – but 10 tiers is very impressive.
Do you know many niches where they are ready to work with 10 tiers? Most often online affiliate programs are 2-tier programs and period. Online casino business understands that the competition on their market is colossal, that is why they are ready to sacrifice much to get that player on THEIR SITE.
Who harvests the best? Online casino affiliate.
Disadvantages of casino affiliating
There is one big disadvantage and I want you to know it. This disadvantage is a huge competition among the affiliates in this niche. The competition is really tough – no jokes.
But this is a lame excuse to give up. If you are reading this post, then this is the best proof that simple choice of some keywords with low competition is a great way get nice positions in search engines and milk the traffic. The traffic is not huge, but targeted. And people click the banners, because with all these proofs they see that stories about getting rich with gambling are realistic (in case you are an affiliate in the gambling business).
After gambling gone digital it became even more popular. And the most popular game of all could easily be casino poker.
In learning to play the game, there are a few essentials to acquire.
First of all a book to teach you the basics will be good.
Then a video you can watch and help back up what you learned from words.
And a tutorial software program.
After all, you need to gather some skills before you can start risking your money in the casino.
It is also great take advantage of the free casino poker lessons. Usually the games are played using non value chips, and lessons are started with a brief overview of the game. Good instructors point out the typical mistakes and mistakes you make.
Casino poker is more than just a game with stakes to play for. With the skill and sharpness of the mind and adrenaline - this is something to try out if you need some action of your own.
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