Topic: How to Effectively Maximize Profits from Online Crypto Casinos - page 4. (Read 3987 times)

Perfectly said.  To beat the house, quit while winning, and never come back.  If you do that, there is no way the house can take back your winnings.  

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Dealing with casino games is totally different when you do make yourself deal with sports betting which is really something obvious and this is where preference would really be considered out.
Some do stick with fast pace gamblings and its result without needing to wait that long but there are people who are keen about having good winning or hit chance via sports betting.
Its up to someone  on how they would really be handling out theirselves on certain conditions because not all would really be good on this area.Some could stop and
majority do really goes further ahead until they do bust up everything.

this is actually one of the common dilemma for most gamblers. chasing after losses. and i can't say, am not guilty of this. but as much as possible, if i know i need the money and i can't afford to lose heavily, i set my limit. if i lose this much, then, time to stop and get out no matter what. but if i still have the time and has a lil bit of allowance in stretching my limit, i will.  so if you are playing the usual casino games, you can only get your profits if you do really know when to stop.
but when it comes to sports betting, definitely, you should only bet on the sports that you are very well familiar of.

I think the most effective way to maximize one's profit in crypto casinos is knowing when to stop- so basically, having the discipline to call it a day and stopping after reaching your profit. The problem with most gamblers is that they tend to be greedy most of the time.

A winning streak does not absolutely mean that the next bet would be in your favor. Just one mistake and loss could result to a continuous losing streak since the normal response of a person after losing a bet is to bet again and recover such loss.

Remember that even by just winning once in a game, you could literally go home and call it a day to enjoy your proceeds on the winning bet!

I would argue with this, to be honest. From what I know, for the house edge to work properly, you need many millions of bets to be made. In fact, this is the second reason why casinos want a lot of players... The first and main reason is the more players on your platform, the higher your profit, yes, of course that's true. But the second reason why you need a lot of players is to protect yourself from a statistical deviation of such a degree that your funds are emptied. The more players you have, the less the probability of such a deviation.

I think the most effective way to maximize one's profit in crypto casinos is knowing when to stop- so basically, having the discipline to call it a day and stopping after reaching your profit. The problem with most gamblers is that they tend to be greedy most of the time.

A winning streak does not absolutely mean that the next bet would be in your favor. Just one mistake and loss could result to a continuous losing streak since the normal response of a person after losing a bet is to bet again and recover such loss.

Remember that even by just winning once in a game, you could literally go home and call it a day to enjoy your proceeds on the winning bet!

I would argue with this, to be honest. From what I know, for the house edge to work properly, you need many millions of bets to be made. In fact, this is the second reason why casinos want a lot of players... The first and main reason is the more players on your platform, the higher your profit, yes, of course that's true. But the second reason why you need a lot of players is to protect yourself from a statistical deviation of such a degree that your funds are emptied. The more players you have, the less the probability of such a deviation.

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• Comprehend house edge thru coin toss

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It would be interesting to see some proof of their earnings beyond words (everyone likes to show off even when they lose they make up reasons to do it). Such earnings seem initially illogical to me - advancing your profile gives meager bonuses and earnings compared to the amount of money that you have to use in bets to get them.

If a gambler gambles and he has lost, if he continues to gamble, he will continue to lose and got frustrated. That is just gambling, any loss will only trigger more loss if the gambler continue to gamble at that moment. But aside that, a gambler can take high risk and lose big with money and properties, that is an addiction, such people need to quit for time being or forever. But having a risk management plan and able to use just that and not going beyond your risk management boundary will help in a way to manage their fund right while also not gambling frequently will help.

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Do you have any surefire strategies that works for you which is not in the list above?

I do not see any particular strategy needed for gambling, just take one, two or three games and see if you will win. Some people can accumulate up to 10 or more matches, the more the accumulation the more the probability of losing the bet. But if just one match is take, the probability to win increased but with low odd. I have preferred to take just one match, use the amount of money I can afford to lose and I win than lose because I do not bet often but on matches, I predict to win.

Imagine you bet on a coin flip, at less than even odds. No matter your choice of heads or tails, you are going to lose money, in the long run. You are betting on a 50-50 chance but only get paid less than double your money on each coin flip! Depending on how much less you are getting paid, your bankroll will withstand a certain amount of bets.
So, if I’m offering you 1.90 (decimal odds) for each coin flip, your money will end up in my pockets after 200-300 coin flips. That’s how you have been feeding the gambling industry. And that’s what the house edge is all about.

Before you even think of beating the casinos or the bookies, you must understand risk management. Also known as bankroll or capital management, risk management will be the decisive factor in your success. No matter how much edge you gain over the gambling companies, bad risk management will make your betting bankroll evaporate.

If you are going to remember one thing from this article, note this:

Always risk maximum 1% of your gambling capital.
That’s easy to remember, right? Set aside a specific amount of money for your gambling habit and split it into 100 parts. No matter your gambling medium, you should risk no more than one part on each bet you are placing.

Now comes the really tedious task of creating a profitable gambling strategy. Finding an edge in the market isn’t easy, I’ll tell you that. If it were that easy, and given the simple risk management rule I explained, everyone would be a winner. But you already know that only 5% or so of gamblers can make it pay.

In order for you to make money, someone has to lose. It’s a zero-sum game, where gambling operators also get their cut. Thus, we need to exploit the market, looking for leaks and biases, like the favorite-longshot bias . The average gambler follows specific betting patterns. You mustn’t do the same. Always do something different, always think different.

Be the first to … or be the best in exploiting a known fallacy.

Oh, and if you do, don’t let the world know unless you are after fame and reputation. Otherwise, your edge will diminish as more people will imitate you, and market finds its new balance.

So, by now you should have a viable system and know how much to bet on the next game. You are on your way to becoming one of the elite professional gamblers. What can go wrong?

First, you may not be disciplined enough to follow your own rules! Wouldn’t it be pity to lose money, after all that research and study? Yet, even reputable and notable sharp bettors may lose their discipline after a long losing streak.

Don’t be that guy.

Trust your proven strategy, stick to your risk management plan and always be prepared for variance. Embrace the drawdown and never question yourself at tough times, as long as you are doing everything by the book.

By the time you experience several months or years of successful gambling, there’s a big chance you feel… bored! Yes, believe it or not, no matter how much money you are making, doing the same, dull thing every single day, will get you bored. At first, making money from gambling seems like a dream. But like in every other business, routine will take the pleasure away.

Find the missed fun, by exploiting new markets, trying something new or improve your methods.

Finally, burnout is a serious hazard in all kinds of successful gambling. Take breaks, go on holidays, and enjoy your profits and hard work. Don’t let gambling consume you, no matter how big you are winning.

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It's bet to quit and stop when we're on the losing streak because aiming for more could only make us lose more. That's where gambling addiction usually starts. Putting limits and knowing when to stop is necessary so we could manage our funds right. There are really days that we'll feel unlucky.

This is really hard for a common gambler. From a professional gambler or a Whale gambler this is possible, common gamblers get into gambling with the hope of making money and not for fun. As said, if one has the ability to provide the space for everything and stand out of gambling once he/she comes logs out is really a good thing. Maybe one can achieve this out of practice, but this is very rare to see by nature.

That is probably the best gambling strategy as if you are losing then you may be overcome by emotions and make the wrong moves.
Many people try to chase the losses which is an even more bad habit in gambling. If you are losing in gambling, it's better to stop gambling for that day, do some other activity, and come back the next day to try your luck.

Those are good ways to make an earning out of the platform. When it comes to gambling on online casinos the profitability highly depends on the luck, even when we make a big study and use different strategies. These days very few gambling houses provide access to investment, which is also a way to make an earning out of crypto Casinos.