Gambling is one of the most popular recreational activities in the United States. It might be a game for adults alone but teenagers have also been known to gamble illegally during their leisure. While it is a great way to have fun during your spare time, it can also be a legitimate means to make money. However, with the prospect of winning comes a lot of risks. Keep reading for an answer to the question; can I make money playing at a casino?
Each time you gamble, you’re risking losing something valuable with hopes of an unpredictable outcome. It doesn’t matter if you’re gambling in an online or land-based casino. The logic behind it will always be the same. Even those gambling in an informal setting still risks losing something valuable each time they make a wager. However, when you gamble in a casino, the odds will be against you. Casinos are profit-making organizations. So, all the games are automatically rigged against the players in favor of the house. You can beat the house odds with the right tactics and games.
Can I Make Money Playing at a Casino?
As stated above, you can make money in a casino if you know what to do when you’re there. Keep in mind that trying to win in a casino is not going to be a smooth ride especially when your plan involves changing the odds of the game without the knowledge of casino operators.
1. Don’t Take the Insurance Option
Blackjack is one of the most popular games in every casino. You can win if you learn the game and use the right skills. While you play, the dealer will introduce new features that offer you a chance to win more money. One of such features is insurance. Insurance in Blackjack might appear like an attractive feature but professional players don’t accept it. It is a side bet the dealer offers whenever they feel you’re having a better edge than the house. When the dealer’s visible card is an Ace, you will be asked to bet that the down card has a value of ten. Even if it is called a side bet, the insurance bet also means that you’ll be risking your original bet. However, the chances that you’ll win the insurance bet are too low. So, you should stick to your original bet.
2. Don’t Toss the Coin
Casinos don’t want you to win. They want you to keep losing money each time you bet. How else are they supposed to make billions of dollars in revenue yearly? Each time someone wins, they look for a way to get their money back before you have a chance to cash it. When you win a slot game, there is a common feature that prompts you to increase your winning with a coin toss. For example, if you place a bet with $1 and win $2, the coin toss feature will give you a chance to double your winnings or even quadruple it. It’s tempting because the coin toss comes with a 50-50 chance of winning. If you want to quadruple your winnings, you’ll be faced with a 25-75 chance. Instead of tossing the coin and potentially losing what you’ve already won along with your initial stake, place a new bet. The coin toss and all the other features that promise extra winnings after your original win, are meant to trick you into giving the casino back their money.
3. Always Check the RTP
All slot games are based on a random number generator. However, they have Return to Player Rates (RTP). The return to player rate is the theoretical amount that a slot machine is likely to pay out over time. While no slot machine should have a house edge that is below 75%, aim for a machine with an RTP of at least 95%. The higher the RTP, the higher your chances of winning a tangible sum of money. The RTP of slot games is always public. In land-based casinos, the RTP is usually written on the slot machine. In online casinos, it is part of the game description. If you can’t find the RTP in the casino, search the web until you find it.
4. Learn How to Count Cards
Counting cards is another popular strategy that is used by gamblers to rig the game in their favor. It is a common blackjack skill that players use to determine if the next hand by the dealer will be a winning hand or not. You need to know math and you need to be stealth when you’re counting cards. If you’re not using any machine or external help to count cards, it’s not illegal. You might get away with it without being caught or penalized by the casino. Even when you’re not counting cards with external devices, casinos form upon the practice because it gives players an unfair advantage over the house. You’ll not be arrested but you will most likely be banned from the casino if you’re caught counting cards. There are many online resources about card counting. Make sure you understand the concept thoroughly before you try it.
5. Don’t Risk it All
The more you risk when you gamble, the higher the reward. However, taking the most risk isn’t always a good idea. It’s often fueled by greed and doesn’t always end well. If you step into a casino with a budget of $200, don’t spend it all on a single bet. Don’t use it on one game either. Instead, minimize your risks by diversifying your gaming portfolio. Break the $200 into small denominations and use it sparingly. This way, you’ll spend more time enjoying yourself in the casino even if you don’t win any significant amount of cash.
6. Learn How to Play Poker
Just like Blackjack, poker is a game of strategy. This means that you will have some control over your chances of winning compared to games of chance like the legendary slot. There are different forms of poker and psychology has a role to play in all of them. So, apart from learning how the game works, you need to learn how people react during the game. If you’re good at reading and interpreting the gestures and facial expressions of others, you’ll make a good poker player. The three major classifications of poker are draw poker, stud poker, and community card poker.
7. Don’t Forget That It’s Just a Game
You can make money while playing at a casino but this doesn’t change the fact that it is just a game. Always keep this fact in mind to avoid feelings of disappointment and taking unnecessary risks with your hard-earned money. Gambling isn’t business, it isn’t stock trading and it isn’t entrepreneurship. It is just a game and like every other game, you will lose some and you’ll win some. When you’re losing, don’t vent. Take a break and try again later. Thanks to online casinos, you can play demo games with virtual money. After you’ve mastered the demo version, you can proceed to the real-money option for a chance to win.
Can I make money playing at a casino? The straight answer is yes. You can make money in an online or offline casino but you can also lose money. You’re more likely to lose money many times before you win any significant amount of cash. So, it is not a sustainable source of income long-term. This is why you should gamble responsibly using only money you can afford to lose.