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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!
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