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Showing posts from September, 2020

How can I make money from gambling and betting? Third view

  About once a month when my girlfriend is away and I’m alone in the house, bored, and sometimes a little tipsy, I will take anything between £25 and £40 and play online roulette with it. Sometimes my aim is to play for as long as possible… However more recently my aim has been to simply double my money. It turns out that this is quite an easy thing to do, and more often than not when I play I do double my money at some point.. I just then tend to keep playing and lose it all again. My best tactic to make money from betting/gambling is to enjoy it occasionally, and as soon as I have doubled my money, I quit. Unless I really don’t care about the money and just want to have fun, in which case I am no longer trying to make money. As I can tell this is the only way where you can consistently make money from the casino… By stopping at the right time. Even then, statistically speaking over time you will lose money (A marginal amount based on the house advantage). Either way, stopping as ...

How can I make money from gambling and betting? Second Answer

  In short, through a precise and astute calculation of odds so that you know when a gambling proposition is in your favor. Obviously, you’re wagering against some pretty “astute” people as well. So such a proposition can be a rare find. Table games such as blackjack offer an opportunity to “count” the deck, theoretically making it possible to identify such “positive” propositions. Casinos, however, have introduced a number of countermeasures that limit the success with which that tactic can be employed. Some slot machines and video poker games have progressive payouts on the top jackpot. Some gamblers are sufficiently skilled to identify when those progressives push the machines into a positive wager proposition (it doesn’t occur often). Slot/video poker players usually receive inducements from the house that effectively rebate a fraction of their expected losses on their play. For video poker, those losses are typically based on general player skill, which can vary substantially ...

How can I make money from gambling and betting?

  I could go on all day and bore you silly, but I will restrict my answer to a few important pointers and hopefully they will help, but I suspect the truth may not be exciting enough. Point number one is terminology. You have to understand that gambling and betting are two different things. It is possible to make a long term profit from betting, but gamblers always lose in the long run unless they get lucky with a big lottery win. You need to take the gamble element out of your operation. You do this by treating your activity as a business. This means that before you start you need to be adequately funded because you WILL encounter losing runs much longer than you were expecting. Your betting bank must be completely independent of all your other financial commitments - food, household bills, clothing, family holidays etc. The reason most businesses fail in their first year is because they were underfunded. Depending on the type of odds range you bet in, you will need a minimum of f...