by Jinsen D

Created on: May 10, 2008   Last Updated: October 18, 2011

Before online gambling ever existed there was only brick and mortar casinos along with private operations.  Today there exists well over a thousand websites dedicated to some form of gambling, the opportunities are many.  People even play backgammon and rummy over the Internet along with spades for money.This article will focus mainly on Internet gambling since it offers players the best bonuses and comps, casinos don't give players free money, I have received checks and bank transfer deposits they do actually pay people it's not mystery.

Online poker and rakeback

You can get a percentage of the rake back to your poker account by signing up to a rakeback program (easy to Google) while sometimes also receiving a bonus,this gives you a huge advantage over traditional poker, online poker is awesome! If you know how to play your cards right in poker, you can make amazing amounts of money,on top of rakeback and bonuses.

Bonus EV hunting

Time is money and the more time you spend on education the better the outcome will be,so let me educate you.

Online gambling sites give out free cash if you deposit, the deal is if you deposit 100$ for example they will give you 100-500 back in bonus chips and you have to wager that 100-500 a certain amount of times before you may withdraw your money.  There is a website even dedicated to providing a long list of 100 or so casinos that give you an advantage.

All casino games have negative expected values (-EV) which means the casino has the advantage over you in the long run, bonuses along with comps can reverse this.There is more to online casinos and poker rooms and gambling sites than free cash, they also pay comps. This means every time you bet 10$ or whatever amount you get a comp point which can be converted into cash...However bonuses may leave you with an even bigger disadvantage, that why it's good to know a little bit of math.  Let's see how it's calculated.

Say you are playing craps and the house edge is 1.41% (pass line bet) and you deposited 100$ and got a 100$ bonus,the bonus has a 20X wagering requirement (you need to bet your bonus 20 times before you may withdraw) that equals 2000$,if you play craps and bet 2000$ you are expected to lose 28.10$ so that means if you deposit 100$ you are expected to WIN 72$ (100$-28$) and that is how it's calculated.  There is even professional bonus grinders,they set the slot on auto spin at a bet of 3cents or so and grind out the bonus.

Counting cards at

• 1
• 2
• Next Page >>