If you have never played casino games on the internet, you are on the right page. In this article, we are going to talk about a few common advantages of online casino games. Read on to find out more.
Since online casino games are quite simple, most people think that they cannot help them make money on the internet. According to reality, casino game players make almost the same amount of money as those who play in traditional casinos.
As a matter of fact, you can make thousands of dollars if you know how to play well. You can also use cryptocurrency to make payments.
Since there is stiff competition between players at online casinos, you can rest assured that they offer impressive payout ratios. In most cases, the payout ratio can be up to 95% or higher.
Therefore, most players go online to play their desired games and earn money. Apart from stiff competition, another great thing about this game is that you don't have to get out of your home and travel to the casino.
3. Fast and anonymous
Another great advantage of playing on online casinos is that you can play anonymously. All you need to do is browse the casino game website and sit in your desired chair. As long as your computer is connected to the internet, you can continue to play.
These websites are quite safe, fast, and convenient. Plus, they are an ideal choice when it comes to bonuses and payouts.
When it comes to bonuses, online casino games are quite impressive. Physical casinos really give bonuses to players when they purchase chips. On the other hand, online platforms will give you a bonus as soon as you have made your first deposit.
The great thing is that these bonuses can be equal to the amount you have deposited. So, you can get access to hundreds of additional dollars to play online for free of charge.
Online gaming allows you a lot of freedom and flexibility. No matter where you are, you can play these games without following any rules and regulations, unlike a physical casino. So, you can sit in your desired chair and have your favorite food or drink while you are playing.
6. Bet Sizes
When it comes to the bet sizes, physical casinos have strict restrictions, especially when you need to set minimum or maximum stakes. After all, they have to pay a lot of expenses for running these establishments. On the other hand, online platforms don't cost a lot of money when it comes to operating expenses. So, even if you are on a tight budget, you can play the games and have tons of fun.
7. Games Selection
Another great advantage of these online platforms is that they offer a huge selection of games for your convenience. Plus, they add new games from time to time to make their players happy.
In short, these are some of the primary advantages of playing at online casinos from the comfort of your home.
What is 'Casino Whoring'?
A cheesy yet not so inappropriate term, Casino Whoring, is used to refer to a 'technique' of usurping free bonus offered by online casinos. The theory is that using a 'scientific' - some arithmetic and probability calculations, it is possible to identify a casino bonus that will provide an assured profit of a certain approximate amount.
Using this theory, the practitioners will play an online casino offering a promising bonus, get a profit of an amount approximate to the calculated value, and then move on to another casino offering the same kind of promise without incurring any loss in the process. They will play one casino till they are satisfied that possible profit had been squeeze out, then hop onto another casino repeating the process there and then another one and so on. Hence the term.
The Casino Bonuses:
Although there are many kinds of casino bonuses, the target for Casino Whoring activity is mainly the Deposit Bonuses - First Deposit, second deposit etc. for new players. This type of bonus is given to first time members for joining the sites. It usually comes in the form of a certain percentage of the amount of the deposits up to a certain limit. Eg. 200% of first deposit up to $200.
Deposit Bonuses comes with a requirement called Wagering Requirements (WR). This requirement restricts withdrawal of the winnings from the bonus till a certain times of the bonus amount is wagered or played through. For example: WR of 20xB means that a gross total bet of at least 20 times the bonus amount must be wagered. In this example if the bonus given is $200, then the WR will be $4,000.
The technique of Casino Whoring:
The most important factor in assessing the winning probability of a casino game is the 'payout percentages'. These are the odds that the machines(gambling software in case of online casinos) give out in a complete play cycle. Say the payout percentage for slots is 96.5%, that means that for that particular game, a total of 96.5% of all bets will be re-won, while the casino will keep 3.5% in a cycle. Payout percentages differ according to the online casino, the gaming software used, and also the particular kind of game.
The odds of winning in online casinos are greatly affected by the choice of games. Generally, payout percentage of table games like blackjack, roulette, poker etc. are better than slots. Therefore the first thing that a Casino Whoring pundit will look for is whether the better odds games are permitted by the terms for the bonus. Although many small and medium size online casinos do not permit bonus play on games Casinomaxi other than slots, some of the bigger ones do.
The magic scientific formula:
The Casino offers a 200% bonus of first deposit upto a maximum of %200. WR is 20xB. Blackjack play is permitted which has a payout percentage(PP) of 97%. Make a deposit of $100 for maximum bonus.
Amount spent: $100
Amount received in account available for play: $100 + $200 = $300.
Total bet required (WR)= 200 x 20 = $4000
House Edge: 100% - 97%PP = 3%.
Expected Loss: 3% of $4000 = $120.
Cash Balance after fulfilling WR: 300 - 120 = $180.
Net Profit: 180 - 100 = $80.
Is Casino Whoring foolproof?
The calculations are based on accurate Payout Percentage and complete payout cycle. This in practice will not always be the case. In case of payout percentage, looking at data from independent online gaming regulations such as eCogra etc. it not only differs on different casinos and games, but also varies over a period of time. For a payout cycle to complete, it depends on the number of players playing the particular game over the same period. In short there are a number of factors that can influence the odds one way or another. Therefore the technique cannot be considered foolproof.
Yet that said, the risk of losing money is greatly minimized. A careful player can always withdraw, if permitted, before losing too much of the deposited money. And for a lucky player combined with a thorough calculation of odds, the prospect of making profit using casino whoring is great, at the least in theory. And there are people who do claim they got profits using this technique.