Many financial advice websites and personal finance blogs have mentioned online casino games as a way to make some extra money online. Some of them speak of how the big jackpots offered by slot machines can change one’s life forever, others tell a story of a much slower and steadier method of increasing one’s bankroll at the virtual gaming tables. The time has thus come for us to take on the matter – let us see if playing online casino games can make a broke girl rich?
What does the math say?
If we look at the games at https://ca.allslotscasino.com/ from a purely mathematical point of view, the answer is most likely “no”. The yield of casino games is expressed through a number called “Return to Player” (RTP) – this shows how much a player can expect to win or lose (theoretically) when playing a certain game. At the All Slots, the average RTP of the games is around 95%, meaning that players can expect to lose around 5% of all the money they wager – this is, of course, an average, which doesn’t mean that individual players don’t win.
How about the jackpots?
The All Slots has quite a few slot machines and other games with progressive jackpots attached to them – this means that the bonus payouts grow with every cent played by every player. As you might expect, the chances of players hitting a jackpot are pretty slim but they are still better than those of winning the top prize on any lottery. And they are hit relatively often, and can be quite generous – the biggest jackpot ever hit online was worth over $20 million. Yet you have to be very VERY lucky to be such a winner.
Can you make money playing online casino games?
Well, you can – if you play only the safest games and learn all the tricks of the trade to bend the odds in your favor (there are quite a few of them – a web search can reveal more). But the goal of the whole online gambling industry is not to make you rich – it is to keep you entertained. From the very beginning, games of chance were time-killers, with the money wagers added to “make things more interesting”. The majority of real-life casino patrons and online casino players are not looking for unimaginable riches while playing the games – they are seeking for a place to play. And if you give the games a try, you’ll see that most of them can be quite entertaining, fast-paced, and easy to learn, perfect for killing a few minutes (or even hours) of your time.
And if you don’t want to dedicate any money to this form of entertainment, you can play casino games online without any – either at real money gaming facilities or through social networks and mobile apps.
I agree, this is mostly about entertainment; after all, these are money-making businesses. As they say, “the house always wins”.
The house does generally win – I’m sort of fascinated by people who can learn to do things like count cards though. I wish my brain would cooperate with me and let me do that!
In early 2000 I started looking at the online gaming opportunities. Not as a player but as an affiliate of casino operators. In fact, I even registered a few domain names in this niche. Unfortunately, I got involved doing other stuff online and totally forgotten about this. Has anyone ever tried making money as a casino affiliate? Has the casino industry change in the past 5 years or so?
This is such an interesting topic! While online casinos can be entertaining, it’s important to approach them with caution since luck often outweighs strategy. Stories of big wins are exciting, but the risks are real too. What do you think is the best way to enjoy online casinos responsibly while avoiding financial pitfalls?