Blackjack Poker Casino Blog, Issue 15

Saturday, Oct 21, 2005

Publishers: Norm & June McHardy

IN THIS ISSUE
Beat the Casinos by Hein Hayman

How to beat the casinos with their own money - literally!

 

This issue makes the claim that we can beat the casinos at their own game.  That does seem a bit far-fetched, however I have proven it to myself many times and so have the following guest writers.  However, before you rush out to prove it to yourself, there are some definite prerequisites, and only specific instances where this is possible.   It also requires strict discipline, a system or plan to follow.  No hunches.  Use only money that is earmarked for this specific purpose without guilt.  If you still want to prove it to yourself, then read on!
                                                                                      ........ June


Beat the Casinos

by Hein Hayman
 

Do you have what it takes to become a successful (and profitable) gambler? Read on and find out:

1. A gambling system

No matter what your game, a gambling system is being marketed to turn you into a winner. Unfortunately, 90% of them are built on empty promises and does not work.

So how do you find a system that works? The easiest way is to get a personal recommendation from somebody that you trust, who has used the system with positive results. Otherwise it is a long, hard slog through all the promotional rubbish to find a system that makes sense to you. Don’t just buy the first one that you see. Do your research and find out about the creator’s reputation?

A good system does not only include a gambling system, but also a bankroll system, win/loss criteria and preferably a flexible approach. I can’t stress this enough! I have seen so many people lose their money because they did not have a sufficient bankroll or their system was not flexible enough to change if they were losing.

Your system needs to rely on mathematical and statistical odds to make a consistent profit. If this is the case, the laws of nature are on your side! Sure, the gambler playing on gut feel might win big, but rest assured that he would also lose big.

So now you have a good system and you are raring to go and win some money. WAIT, because you might still lack what I feel is the most important element of a successful gambler. You need the right mindset…

2. The right mindset

At this point some people will stop reading and ignore the “mumbo-jumbo”. To them I say all the best of luck with your gambling and I hope you become successful. But chances are that they won’t. Sure, they might win a few hands/pots, but over the longer term, they will consistently lose.

For those of you still with me, what do I mean by the right mindset?

Well, for starters, don’t see yourself as a gambler. Gambling implies relying on luck to either win big or lose big. See yourself as an investor. You invest your time and money (bankroll) to make a profit.

Believe in your system. This is why it is so important to use a reliable and proven system. You need to be sure that although a session might end in a loss, you will recoup the loss in the next few sessions.

Let us look at an example: In your first session you make a profit of $100. In your second session you make a loss of $200. So your net loss will be $100.

At this point many people quit and whine about the system not working as it is supposed to. What they don’t realise is that the next three or four sessions might net them $400 profit. So not only do they lose a system that might make them consistent profits, but they lose $100 as well!

Calculate your winnings and losses in units. Why? Well, if you play with $1 chips, then wagering two or three chips (units) is not a big deal. What about playing with $20 chips? All of a sudden you are wagering $40-$60 on a single play. Your mind tells you that you are staking a lot of money, which in turn causes you to have doubts about your system. This is where people start to play too carefully and not follow their system. End result: they lose the money. If your system worked with $1 chips, there is no reason for it not to work with $20 chips. Remember to always wager amounts supported by your bankroll.

3. Casino bonuses

The last weapon in your arsenal is casino bonuses. What a great way of making money by using the casinos’ money against them! Obviously there are a lot of requirements associated with this. I mean, why would the casino give you free money? Discussing these requirements would be and article or two on its own! However, why don’t you sign up for the free e-mail course “How to make consistent profits from gambling” by clicking here – mailto:profits3456@aweber.com . This course will show you how to use casino bonuses to make some extra cash.

If you implement and developed the points mentioned above, you will already be ahead of the majority of gamblers and on well your way to beat the casinos.

Best of luck (although you won’t have to rely on it!)


Want to find the best casino bonuses on the ‘net?
Hein Hayman has created a handy directory of casino bonuses, including free, no deposit bonuses.  http://www.1stopcasinobonuses.com/beat.html
Free mini course – “How to make consistent profits from gambling”  mailto:profits3456@aweber.com


 

   We Do it all Vegas - Gaming Merchandise

 

How to beat the casinos with their own money - literally!

by Andy Machin
 

No – you didn’t read the headline incorrectly. With a little patience and discipline you can take advantage of an on-line casino’s generosity and beat them, quite literally, with their own money.

There are hundreds of casinos plying their trade on-line. It’s pretty much a standard feature of every one that they offer new customers a monetary incentive to open an account with them.

These monetary incentives are generally either a:

· fixed amount of money – for example $100

· match bonus – the casino matches the amount of your initial deposit

· percentage amount – they’ll add a percentage amount on top of your initial deposit

Some of the new account incentive offers are very good indeed. Obviously, the casino is adding the money to new account holders not only to attract new business, but they know that the average player will gamble it all away on the tables and keep coming back for more losing much more that the incentive they’ve given the new player.

Sound business sense from the casino – right?

Not necessarily – the clever casino player can turn the tables and the odds in his (or her) favour by playing “perfect blackjack.”

The bonus incentives come with strings attached – the casinos are not silly enough to allow you to withdraw your bonus money straight away – you have to play it through a few times first so you might lose it!

Each casino has its own terms though a typical example is that they may require you to wager the bonus amount say 20 times. So if they’ve given you $100 as a new account bonus you would have to place wagers to the cumulative value of $2000.

By playing “perfect blackjack” you really can walk off with your initial stake intact and a sum on top courtesy of the money the casino have given you.

The house edge (percentage the casino might expect to win) from blackjack variable depending on conditions but generally in the region of 5%. In other words the casino expects to win $5 for every $100 a player bets.

However – by applying basic blackjack strategy (“perfect blackjack”) you can reduce the house edge to 1% or even less.

Now – back to the $100 new account bonus and $2000 wagering requirement example above. You’ve deposited $100 and got your free $100 making $200 in your account. Under the terms of the bonus incentive, you have to wager $2000.

By utilising basic strategy you reduce the house edge to 1% - thus on average you expect to lose 1% over the course of meeting the wagering requirements (2000 hands assuming flat betting $1 per hand). Each hand you play counts towards the wagering requirement.

1% of $2000 is just $20 – you can cash out with £180 left in your account. You’ve still got your initial $100 and you’ve taken an extra $80 from the casino literally out of their own pocket. Repeat the process at other casinos and you can rack up a tidy amount of money.

Some casinos even give monthly bonus incentives so you have the opportunity to take their money from the every month!

You won’t win every time – sometimes you’ll bust out and lose, other times you might win more than the above example. But by playing blackjack with the application of basic strategy it is entirely possible to literally beat the casino with their own money.

I personally use this technique and make money doing so. It’s possible that you can do the same – but if you give it a try, please never, never gamble with money you cannot afford to lose.

Good luck at the tables!


About the author: Andy Machin http://www.perfectblackjack.co.uk  Free blackjack ebook – beat the casinos with their own money.



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Norm and June McHardy
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