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Do you measure your performance? |
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When you gamble in an online
casino – do you do so for the fun of doing it or are you seriously in it
to make a profit?
For most people – it’s a little of both.
Most online gamblers don’t go through the virtual doors of casinos
seriously expecting to make a steady profit from the games. Instead, they do so
because they enjoy the games – but there is also the chance of winning a
large amount of money at the same time. This latter point is, of course,
crucial. It’s the same reason so many of us buy state-run lottery tickets
each week; we don’t really expect to win but the knowledge that we could
win big keeps us dreaming – and always coming back for more. After all,
“it could be you”. In fact, all the thinking about what we would do
if we did win a huge amount is part of the overall fun.
Casinos beat
lotteries
In fact, with a casino, you have a far better statistical
chance of making a profit than you do with lotteries. With the latter, the
pay-out ratio is 50%, so for every £1 that is paid in 50p comes back in
prize money shared by the lucky winners. From a statistical / probability type
of viewpoint, then; buying lottery tickets makes no sense at all. But this
isn’t why we do it. With casino games like roulette, the odds get pretty
close to even money; it’s just the single zero (on European models) or
single and double zero slots (on the roulette wheel’s American versions)
that give the house the edge.
Also – many casinos have big bonus
jackpots and special progressive jackpot pay-outs that keep our interest up as
these pay-outs can truly run into life-changing amounts. If you check out
reviews of over 300 online
casinos, you’ll be able to find those with the best chances of big
jackpot wins.
Casino profiteers
But there are people who play
exclusively in online casinos with the aim of making a profit – and these
fall into two camps, broadly speaking; poker tournament players and
stoozers.
Poker tournament players are different from other forms of
online casino gamblers as there’s a far higher degree of expertise and
strategy involved than the games of pure chance like roulette – or those
games where some judgement is required like blackjack. There are many people
all around the world who have demonstrated their superior abilities at poker
tournaments and make a handsome living in the process because of their
skill.
The house edge comes from the entry fee or the “cut”
but the best players can overcome this slight statistical disadvantage with
relative ease because they’re simply better at the game than
others.
Stoozers meanwhile, are those gamblers who play exclusively for
bonus moneys and free spins etc., and who play as careful; a strategy as
possible in the hope of coming out ahead.
Be honest with
yourself
If your activities fall into either of these latter two camps
and you think you’re doing well – always be honest with yourself and
measure your performance accurately, accounting for all your costs. Remember
that your own worst enemy may be yourself, here, as you’re the easiest
person to fool.
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