There are plenty of opportunities to make money online. There’s selling off your stuff on ebay, there’s making money as a product affiliate and of course there’s gambling. Of the various method this last one has to be the most risky. After all, from Casino Roulette to betting on the horses, only a select few lucky punters have ever made a consistent profit. The real winners are the end of the day are always the bookies and casinos.
But is that really true? Surely in this modern era someone must have discovered a way to beat them? Well, yes fun888. The father of modern Casino Winner is considered to be American mathematician Edward O. Thorp. So, what did he invent and how did it beat the casinos?
Thorp published the now seminal work Beat The Dealer in 1962. This was the first publication of a BlackJack card counting system. Card counting in BlackJack allows the player to identify when the pack is rich in 10’s and A’s and thus increases the probability of hitting 21. A skilled Card Counter can overturn the house edge (of around 0.5% when the player is using perfect strategy), and gives themselves an edge of between 1% and 2.5%. Over time, a Card Counter can probably earn around $50 an hour counting card.
The real money comes when a team of Card Counters work together. When they do so, they can really jack up the odds in their favour. The team will consist of ‘spotters’, who sit at various tables counting the cards, waiting for a deck rich in 10’s and A’s. When that happens, they signal to another member of the team (The ‘Big Player’) to come and play with maximum bets. In this way, the Big Player can move from table to table, with seemingly random play, and make big wins at each one. Card counting team have walked away with millions from the Casinos.
Can I card count?
Great! Millions sounds nice – so how can I start Card Counting. Well, unfortunately, it’s not going to be easy for you. First, you will have to learn the skill of card counting. This will take around 40-50 hours. Then you will have to go to a real casino. The technique doesn’t work online, as the casinos shuffle the deck after each round. Then you will have to avoid the measures the casinos have in place to detect card counters. And of course to make the really big money you will have to assemble a team of counters. Not easy. So what other methods exist to beat the casino?
Sounds nice doesn’t it? Scalping those casinos! This technique is altogether easier and has the advantage of working online. The theory goes like this: we already know that when playing Blackjack with perfect strategy (which can be easily done by following a strategy card), the house will have an edge of around 0.5%. Now, a lot of online casinos will offer players a cash bonus of between 100%-200% of their initial deposit amount. To be able to claim the bonus, you generally have to play around 20x your deposit amount. So, let’s say we deposit 100GBP. In order to claim our bonus of 200GBP, we must bet at least 20×100, or 2000GBP. If we play perfect Blackjack we can expect to lose around 0.5% of 2000, or around 10GBP. This leaves us able to walk away with 190GBP.
What are the risks?
Of course, with any type of gambling there are always risks. Although unlikely, it is possible that you lose your entire initial deposit amount. However, the possibility is small and if you use the techniques several times you will certainly make more money than you lose.