03 Apr 2007 @ 10:29 AM 

I’m going to share a secret of mine, a secret so controversial or unbelievable that some of you might just think I’m a bloody genius or a bloody selfish guy to not share this with you guys earlier.

However, some of you might think of me differently, some might probe me to ask for more info, but most of you sceptics will just ignore me and say this guy’s lying.

Before you beat me into a bloody pulp, read on…

I made this EUR 5000 and counting, through online casinos. (I can see that most of you just rolled your eyes and said ‘Cehhhh’) But hear me out.

I didn’t gamble and strike lucky per se. (There might be a few lucky bets), but what I do is actually mathematically/statistically proven to earn me money. So here’s the skinny on how I did it over the 2 years in as condensed as I think is possible.

Firstly, I would like to welcome you to the amazing, (but mostly scoffed upon and avoided like the plague) world of online casinos. They are just like the ones in Las Vegas and Genting (but without the glitzy show girls and the tables crowded with old amahs) except you gamble in the comfort of your home.

Now how do I actually make money since casinos are there for a business, that is to suck your money and not as a charity? 1 word, “bonuses”. Unlike brick and mortar casinos, online casinos have to attract punters by offering “free money” (note the inverted commas, I’ll tell you why later), like those drug dealers who offer you a free fix only to get you hooked.

These “free money” have strings attached to them of course and I made my 5 grand by utilising my amazing math (NERD!) skills and my superhuman ability to sit on my ass for hours straight.

Here’s how I did it:

I started off in 2005 bored to death and having lots of time on my hands to kill. I then somehow stumbled upon this website (can’t remember how I stumbled, might have stepped on a banana.) called WizardOfOdds. The owner of this website was a mathematician living in Las Vegas and naturally he likes to gamble. He made analysis after analysis of casino games and came out with strategies and mathematical explanations on the games itself. He defined the term “house edge” and showed numbers, percentages and results on how the casino makes money. (Yawn!)

I was always fascinated by the game of Blackjack since I was a little boy (due to my upbringing in a Chinese family and the painful memories of losing my ang pow money ever year). I noticed from his writings that depending on the rules, there is a house edge of 0.2% to 2% on the game of Blackjack on offer. This translates in laymen terms that for every $1 you bet, you expect to lose (statistically speaking) $0.002 to $0.02 to the casino. That’s where the casino have the money to pay the dealers and the beautiful strippers.

I then dug deeper and found out of online casinos giving “free money” to entice gullible punters. I did not give in to these as I read the fine print. To withdraw the “free money”, most casinos require to make a certain amount of bets (termed wagering requirements) while restricting the games you can play etc. I then dug even deeper (luckily it wasn’t my nose) and found Casinomeister, a community headed by an intriguing fella who dogwatches the online casino scene. I found out which casinos are trustworthy and which are rogue. Then I found out more about these “free money” and is it a myth or is it true.

I then narrowed down the casinos according to these criteria:

1. Trustworthiness (meaning if winners win, they pay)
2. “Free money” on offer.
3. Allows the game of Blackjack to withdraw the free money.
4. Low wagering requirements.

Now you may ask, but what does all these mean? Well, let me explain. Once I find a suitable casino, I start to make money. But how you ask, patience my friend.

Most casinos require that you deposit a certain amount say $100 and they match you $100 in bonus money. You now have $200 showing in your balance but you can’t pull out now earning $100 just like that! (The casino owners are not that dumb no matter how hard you wish they are). They require that you wager a certain amount of your bonus (mostly written as a multiply of it say 30X or as an amount $3000) before you can withdraw anything.

Now you might have your jaw on the floor looking at that amount but pick up your jaw and read on. The wagering requirement (WR) means e.g. you wager $10 on Blackjack and lose, your balance now shows $190 and your WR is reduced to $2990. You then wager $10 on the next hand and win. Your balance is now $200 and your WR is now $2980. Understand? For financially inclined people it’s something like turnover and for those who still can’t understand, go read a book or something as it will only get worse later on.

So, how is it statistically possible that I make money? If you didn’t fall asleep during math class, you might already realise that the statistical house edge in Blackjack is 0.2% to 2% right? Meaning with a turnover of $3000, 0.2% is $6 and 2% is $60. Meaning statistically you are expected to lose $6 or $60 leaving you with a nett earning of $94 or $40 every session (the rules used in online casinos usually have a house edge of 0.5%). I rinse, then repeat.

So that’s basically how I made some sweet pocket money while brushing up on my math . A word of warning though, when I started with this adventure, bonuses at casinos were much more generous, rules were more advantageous and opportunities were more abundant. Casinos realised that the market is saturated, people are getting smarter and they have turned to other forms of promotion. I’ve slowed down recently and even considered quitting. There is but only a handful of online casinos worth playing now and if you plan to start now, I doubt that you will match my results in the same amount of time I did.

If by reading this and you think any different of me (because you think I’m gambling), feel free to do so, I don’t give a damn. It’s either you’re jealous or you’re jealous. I’m not doing anything illegal, neither am I playing with money I can’t afford to lose (and I have EUR4500 safely in my bank account already). But if you think that you want to give it a try, I wouldn’t condone it and I do not want to be held responsible for anything that happens (because losses do happen in the short term, it is only in the long term that you can see the results).

If you think you really wanna try, like really really wanna try, contact me or leave a comment, I can show you some casinos which I have had good results to reduce your need for research.

Disclaimer: I have to put this here so that I don’t get my ass flamed or sued. The earnings stated here are from my own experience only. Your earnings might vary. I do not condone gambling if it leads to addiction. If you have a gambling problem, please seek help. Most casinos restrict people staying in certain countries such as Malaysia and China from registering. Please read the terms and conditions to avoid any complications later on.

Posted By: Kelvin
Last Edit: 04 Jan 2009 @ 10:31 AM

Categories: Life


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