How to Effectively Maximize Profits from Online Crypto Casinos

[Theones]

Nice recommendations for newbies, I usually don't think gambling money as passive income. The more you play on bonuses of casinos and deposit less, the chances will be higher you will survive in the long long run. Chasing losses and playing with money you can't afford to lose will lead to depression sooner or later.

Yes - very nice recommendation for the newbie. I Like the last part of about statement. Which stated you can end up in depression and double debt if you have not invested your time in learning the crypto
Every new bie who wants to enter to the world of casino - he should be very vigilant.

[Vaskiy]

In my opinion there is no way to do that, the only things in my mind is:

1) Bet only if you know what you're doing.

2) Use promo, use promo so much, in way to massimize earnings.

3) Try to promote then by using a referral link.

With this three strategy, you'll reduce your loss and you'll earn something.

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.

[TheGreatPython]

I guess best odds comes with great risks.
Whenever the odds are great , the risk involved in the bet is also high so therefore it’s advised not to play with high risks.

Op mentioned about the fact that to play with strategy.
In my opinion no strategy works second time.
All that works is pure luck.
I can suggest newbies to not play casino games. Instead go for sportsbooks.
Place bets on sports matches. It feels comparatively safer and have better analysis than casino games.

Doe's the odds work different on a sportsbet? Because, why would a sportsbetting site highlights or promotes that they have the best odds when you said that best odds have a greater risks. I am not playing sports, that is why
I am not familiar on how their system works but I agree that high odds on a casino are risky but if you are lucky you can hit them early and the return is going to be big.

In gambling, there are games that are also based on skill not luck, that is why a strategy can be effective to use with them. Sportsbetting is also a type of gambling that I think, not mainly depends on luck but it's about your knowledge or the ability to do a research if which teams performs better.

[erep]

In gambling, there are games that are also based on skill not luck, that is why a strategy can be effective to use with them. Sportsbetting is also a type of gambling that I think, not mainly depends on luck but it's about your knowledge or the ability to do a research if which teams performs better.

In gambling where the odds of winning are not always based on luck but for this type of sportbetting gambling then we have to do research and team abilities based on the previous few matches, we can see that low-skill teams do not have high bet amounts because gamblers have predicted impartially for weak teams because of the risk of losing the bet. So the comparison is much different from other types of gambling based on gambling games that rely more on luck to win on the next spin.

[AicecreaME]

In gambling, there are games that are also based on skill not luck, that is why a strategy can be effective to use with them. Sportsbetting is also a type of gambling that I think, not mainly depends on luck but it's about your knowledge or the ability to do a research if which teams performs better.

In gambling where the odds of winning are not always based on luck but for this type of sportbetting gambling then we have to do research and team abilities based on the previous few matches, we can see that low-skill teams do not have high bet amounts because gamblers have predicted impartially for weak teams because of the risk of losing the bet. So the comparison is much different from other types of gambling based on gambling games that rely more on luck to win on the next spin.

In luck based games such as roulette and slot we can only strategize as much as we want but the rest will be up to the luck you possess. It's either the odds will be on your favor or not. Meanwhile, in sportsbetting, a person must have the skills and knowledge need to determine and analyze what might be the outcome and whose team might win.

This will be achieved by only doing an in depth research about the subject before placing a bet. Knowing the history of the team, the coach, their track record of winnings and losing as well as the personality of each member will help a lot. And then of course you hope for the best. Because after all, no matter how strong a team is, tables turning at the latter part of the game is always possible.

[_act_]

In luck based games such as roulette and slot we can only strategize as much as we want but the rest will be up to the luck you possess. It's either the odds will be on your favor or not. Meanwhile, in sportsbetting, a person must have the skills and knowledge need to determine and analyze what might be the outcome and whose team might win.

This will be achieved by only doing an in depth research about the subject before placing a bet. Knowing the history of the team, the coach, their track record of winnings and losing as well as the personality of each member will help a lot. And then of course you hope for the best. Because after all, no matter how strong a team is, tables turning at the latter part of the game is always possible.

This is exactly the reason I prefer sport games, in Casino games like dice, roulette and many others, some people can say they have good strategy they are using, but I have researched if this is true, I come to the conclusion that those type of games are just Casinos and requires nothing than for you to just depend on your luck.

But in sport games, if we can still consider how people can analyse, choose strong clubs with fit players and yet a strong club draw or lose to underdog, though having higher chance to win but win is not always guaranteed. Because of this, is still also prefer to consider both casinos and sport gambling as luck, just that one requires analysis than the other but a single match won is still based on luck.

[virasog]

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

No strategy was confirmed while we were at gambling, maybe just managing finances so as not to overdo it when bets.  I think gambling is just for luck, even though we master the games we play, it's not necessarily every time we bet we win. We play with the host, therefore until now, we have not found any strategy in gambling other than financial management.

My strategy to gambling is to quit when I'm losing because I understand that there are no perfect strategy to winning in gambling. The owners of casinos and gambling sites are in for making profit and they won't expose themselves to losing either. So it is a game of luck and when luck run against you the best to do is wait for another day and by that way you are saving your money for a winning day.

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.

[Apocollapse]

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.

However not all investment in casino bankroll is always make an earning since it will depends on when you place your investment and how's the luck of the gamblers played in that's casino. If you see the investment stats is steady increase, then the gamblers are lose more than won, if not then otherwise. Currently in this year I don't find any good casinos which offering profitable iinvestment in their bankroll.

[Cling18]

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

No strategy was confirmed while we were at gambling, maybe just managing finances so as not to overdo it when bets.  I think gambling is just for luck, even though we master the games we play, it's not necessarily every time we bet we win. We play with the host, therefore until now, we have not found any strategy in gambling other than financial management.

My strategy to gambling is to quit when I'm losing because I understand that there are no perfect strategy to winning in gambling. The owners of casinos and gambling sites are in for making profit and they won't expose themselves to losing either. So it is a game of luck and when luck run against you the best to do is wait for another day and by that way you are saving your money for a winning day.

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.

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.

[l3pox]

I'd ask to the OP: understanding risk management

if you approach gambling as a way to make money and not as mere entertainment it's essential to keep close track of your bank roll and successful bets vs losses

remember that professional traders always lose a maximum of 3% of total available amount of money. usually 1%.

[Betwrong]

The moment you log out, the pain or joy of money gains or losses ends, then we just turn the page without thinking about what I gained or lost, that is, if you are with your family, friends, work, etc. put those things out of your mind, then surrender to the new "space" where you are totally.

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.

I think what @famososMuertos is saying is true for a common gambler in most cases. Gambling would be totally banned everywhere otherwise.

Gambling addiction is a serious problem, and we definitely shouldn't ignore it, but when we say that most gamblers are problem gamblers, it gives excuses to people on the edge for not stopping when it's time. In fact, only 2% to 5% of gamblers have some type of gambling issue. Don't be among them. Make an effort to control your emotions.

[_act_]

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.

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.

[ipanks]

snip

But unfortunately, many of them don't stop after losing streaks because they are curious about their losses. That is why they continue to play other games hoping that they can win and recover their lost money. And as you said, the problem of gambling addiction starts and if they don't realize it soon enough, it's going to be big and it's going to be hard to stop. Using limits in managing our funds will help us avoid losing streaks and big losses, while we can also get pleasure in playing gambling.

[serjent05]

This article[1] tackles the discussion more deeply.  It wouldn't hurt to read this one since it will give us more insights on the gambling industry.  It is kinda mixed advice from the player and house perspective.  But honestly, it is much easier to maximize profits if you are the house  .

Anyway, I'll list the article's insight on how we can maximize our profits in an online crypto casino.

• Comprehend house edge thru coin toss

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.

• Risk management in gambling

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.

• Find a gambling system

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.

• Be disciplined, stay on your toes and avoid burnout

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.

[1] Gambling Can Become Profitable But It’s Insanely Hard

[virasisog]

There were times that some strategy actually works. But you are right, some days our strategy might be effective we can have a winning streak but I believe that nobody's know the perfect formula in every casinos, it is very hard to know the algorithm because it is algorithm I hope everyone got my Point. Based on OP's list I agree that we should learn to monitor our funds of course, as always.

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.

It's about knowing your limits. Sometimes if we tend to try more matches, we don't recognize that we're even losing more. Beginners should focus on handling their emotions first and knowing how to control them because sometimes, our emotions are the ones that ruin our gameplay. And yes, we should only risk the funds that we could afford to lose.

[qwertyup23]

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

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!

[Peanutswar]

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.

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.

When the player has already experienced a losing streak this is the time they think it is ideal to play more because of their ego to urge earn back their losses which are not all the time is effective. Experience this scenario makes the player more unexpectable in its decision making makes a wrong decision, it is ideal if the player is still in control of the situation like limiting and try for another day. Sometimes luck is not with us as always.

[panjul07]

I have one way only on how to maximize profit from online casino, its all about maximizing the promotion or competition.
There are some casinos where we can find good promotions/competitions (except wagering contest).
Non wagering contest such as multiplier contest, hunting number contest, most spin contest like what I'm currently participating are great promotions where players can get extra money.
The best one is if when we can find +EV promotions, it is rare indeed but it is a promo not to be missed.

[wxa7115]

I see a lot of users who swear by making money from advancing your profile to a higher level of rewards.  This requires a lot of gambling, so it seems like people use low risk games to try and inflate their wagered numbers to earn more rewards.  This seems like it could be risky but does appear to work for some individuals.  Personally, I think the best way to maximize profit is to stick with sports gambling for games/events where you are knowledgeable and feel you might have an edge over the typical gambler.  I'd urge people to stay away from other tactics like The Martingale strategy, that appear to work until they don't and you lose all your funds...

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.

It would be a huge oversight by casinos if their bonus program allowed some players to obtain a positive expected value on their bets, if anything bonuses can help you to reduce the negative expected value and make it more worthwhile to keep gambling at that casino, but that would be the best you could expect out of those bonuses.

However this is also a strategy which can only be pursued by those which are gambling regularly, since those which gamble just once in a while will probably never reach any kind of decent rewards out of such system.

[Betwrong]

~

• Comprehend house edge thru coin toss

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.

~

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.