How to Effectively Maximize Profits from Online Crypto Casinos

[madnessteat]

~

exactly Oshosondy
probably the only application of stop loss and take profit on a gambling related scenario would be prediction markets like these futures for elections on ftx or something like that
but still this is much more like trading than like gambling.

That is so because trading is gambling in a way. You can never be sure about the outcome, you only have probabilities. People who don't understand it, lose a lot in trading. And gamblers that think, I know how to make a bit of money, right? I bet $1k with 98% win chance on dice, and I win 10 bucks easily, right? It's a guaranteed $10 profit, I'll buy myself a beer. And yeah, it works, but only with 98% certainty. And one day ... I mean, it's inevitable, it can happen right away, but it will surely happen one day, and you will lose one thousand USD at once, after risking it for potentially gaining 10 bucks.

When comparing trading and gambling, an important thing to consider is time. In spot trading, you can sit out a bearish cycle and close a trade at no loss or make a profit. In gambling time is always against you because every game has strictly defined limits. In addition, the increase in the number of games leads to a loss because in the long run the casino has an advantage over the player.

Yes, gambling is both similar and different from trading.  

Gambling is a bit like trading with leverage (for example, lowering a certain cryptocurrency).  When trading with leverage, luck is very important for you (correct assessment of the cryptocurrency price movement trend).  The time factor is also of great importance...  

It is because of this that I have never traded with leverage and never traded short.  

It's too much like gambling....  

It is better to just play roulette or dice.  

To win or make a profit, you need to have a competitive advantage over other players.  What is your competitive advantage?  This is the key question.

But when you play roulette or dice you also do not have an advantage over other players because these games are completely dependent on luck (unless you count the possibility of bribing the croupier in land-based casinos).

I don't like leveraged trading as it requires a large deposit from the trader to be able to lower the position liquidation threshold. I prefer spot trading as it allows me to invest during market crashes and just wait for profits.  

[1714059611]

1714059611

[1714059611]

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[Lucasgabd]

~

exactly Oshosondy
probably the only application of stop loss and take profit on a gambling related scenario would be prediction markets like these futures for elections on ftx or something like that
but still this is much more like trading than like gambling.

That is so because trading is gambling in a way. You can never be sure about the outcome, you only have probabilities. People who don't understand it, lose a lot in trading. And gamblers that think, I know how to make a bit of money, right? I bet $1k with 98% win chance on dice, and I win 10 bucks easily, right? It's a guaranteed $10 profit, I'll buy myself a beer. And yeah, it works, but only with 98% certainty. And one day ... I mean, it's inevitable, it can happen right away, but it will surely happen one day, and you will lose one thousand USD at once, after risking it for potentially gaining 10 bucks.

yes! this is the way
thinking in bets, understanding risk reward and asymmetric opportunities

there are many parallels between trading and gambling

the prediction markets I mentioned are more directly trading, like future markets, but there's more

[boltz]

Make sure you always cashout a portion of the winning by setting up an amount that you want to bet and what's over that , you will cash out and start over again. This way , you will have some protection if you get a bad hand or some bad hands in a row , you'll still have some profit already on the side. This is what I've used to do with whenever I have multiple winnings no matter what I play but always cashout some profits in that situation.

[KTChampions]

Make sure you always cashout a portion of the winning by setting up an amount that you want to bet and what's over that , you will cash out and start over again. This way , you will have some protection if you get a bad hand or some bad hands in a row , you'll still have some profit already on the side. This is what I've used to do with whenever I have multiple winnings no matter what I play but always cashout some profits in that situation.

I know several players who act approximately according to this algorithm, but in the end it turns into a farce: after winning, they withdraw part of the funds and continue to play. If they lose (most of the time they do) they get the money back and keep playing on it. What this leads to, I think is obvious  In general, the problem with gambling is that you will always lose. The only thing worth discussing is how to manage the gigantic jackpot-type winnings.

[Wakate]

There are different ways to maximize profits from online casino just like the one you ha e establish and also gamblers need to pay close attention to what they know best than jumping from oke particular games they think it can have good wins to another. Who what you know best and with consistency good result shall be attained.

 If we concentrate as a gambler on a particular sport in a sportbook for those that are into sports just like football, it will be better we master it well so we can always have consistent win since that is were we have built enough strategies.

[Lanatsa]

Make sure you always cashout a portion of the winning by setting up an amount that you want to bet and what's over that , you will cash out and start over again. This way , you will have some protection if you get a bad hand or some bad hands in a row , you'll still have some profit already on the side. This is what I've used to do with whenever I have multiple winnings no matter what I play but always cashout some profits in that situation.

I know several players who act approximately according to this algorithm, but in the end it turns into a farce: after winning, they withdraw part of the funds and continue to play. If they lose (most of the time they do) they get the money back and keep playing on it. What this leads to, I think is obvious  In general, the problem with gambling is that you will always lose. The only thing worth discussing is how to manage the gigantic jackpot-type winnings.

For sure all of gamblers do experience it out when it comes to that kind of common behavior on which we do play until the last drop of our funds which is typical behavior that we do have specially when you are really that seeking on making profits or wins.Thinking about maximizing profits is really just a thing that would really makes you desperate because you would really be minding on how you would gonna end up which is thinking about positive things.Better play gambling
For fun and spend only the funds which you can afford to lose and don't go beyond or past to your limits.

[Uang_kartal]

thank you for summarizing several ways and steps for strategies or playing patterns from the website. Simple things that are often ignored or even not realized by players to start their day in the arena.
it may be trivial but if it is managed properly it will produce points that become a reference.
Among these points, only the first point I wrote was like Hamya Ujo, just trying it for a service platform. Because I prefer to spend time on forums and learn other things.
indeed people have different styles but I think this thread is useful, sometimes people rarely look for additional info like on the website.
and spend time on social media or just in forums.

I think for betting patterns and other funds, it is very important for those who are experts in the field of gambling. so that's an interesting quote, friend.

[Jemzx00]

Make sure you always cashout a portion of the winning by setting up an amount that you want to bet and what's over that , you will cash out and start over again. This way , you will have some protection if you get a bad hand or some bad hands in a row , you'll still have some profit already on the side. This is what I've used to do with whenever I have multiple winnings no matter what I play but always cashout some profits in that situation.

I know several players who act approximately according to this algorithm, but in the end it turns into a farce: after winning, they withdraw part of the funds and continue to play. If they lose (most of the time they do) they get the money back and keep playing on it. What this leads to, I think is obvious  In general, the problem with gambling is that you will always lose. The only thing worth discussing is how to manage the gigantic jackpot-type winnings.

This was also my strategy as well as my friend on a gambling platform however it really still depends especially if you will still continue gambling after withdrawing your funds on the platform. I guess this strategy best works if you've won a huge amount of winnings or you're ending your gambling activity for the day since there's no point if you will continue gambling after your withdrawal on the platform.

[AicecreaME]

Make sure you always cashout a portion of the winning by setting up an amount that you want to bet and what's over that , you will cash out and start over again. This way , you will have some protection if you get a bad hand or some bad hands in a row , you'll still have some profit already on the side. This is what I've used to do with whenever I have multiple winnings no matter what I play but always cashout some profits in that situation.

I know several players who act approximately according to this algorithm, but in the end it turns into a farce: after winning, they withdraw part of the funds and continue to play. If they lose (most of the time they do) they get the money back and keep playing on it. What this leads to, I think is obvious  In general, the problem with gambling is that you will always lose. The only thing worth discussing is how to manage the gigantic jackpot-type winnings.

This was also my strategy as well as my friend on a gambling platform however it really still depends especially if you will still continue gambling after withdrawing your funds on the platform. I guess this strategy best works if you've won a huge amount of winnings or you're ending your gambling activity for the day since there's no point if you will continue gambling after your withdrawal on the platform.

The thing is, It's very hard to stop playing gambling if you are winning because you are always expecting to win more on your next bet so stopping when you already win will just make it temporary and you will still come back gambling whenever your remaining balance keep losing until you lose it all.

I have this kind of experience which I already won 2030$  then withdraw the 2000$ and play the remaining 30$.  I lose the remaining balance and I chase it to recover until I lose everything including my bank roll. This bad luck hit always when you are so eager to chase your loses.

I think it's really just a matter of self-discipline and knowing where and when to draw the line to set boundaries that could be beneficial to your health and overall well-being. If a person established his boundaries in gambling, no matter how many consecutive winnings he'll have, the moment he spent all his budget allocation intended to gambling, he'll stop.

This way it's going to be a routine and he'll not go overboard that could result to being addicted in gambling. In addition, the winnings he'll have could be alloted to something else other than gambling most especially if he has a goal aimed to reach using gambling winnings.

[Doan9269]

Make sure you always cashout a portion of the winning by setting up an amount that you want to bet and what's over that , you will cash out and start over again. This way , you will have some protection if you get a bad hand or some bad hands in a row , you'll still have some profit already on the side. This is what I've used to do with whenever I have multiple winnings no matter what I play but always cashout some profits in that situation.

As for me whenever i want to play, i ensure to have the certain amount needed only right in my wallet and when playing and winning but mot sure the of other games while time never elapse i cut the game and withdraw my winning even though the overall money might have reduced, what makes many fail is because they would have predicted lots of games which only one will be the spoil of it all, that's why in times of uncertainties to match end one is expected to cashout in other not to loose all.

[Betwrong]

That is so because trading is gambling in a way. You can never be sure about the outcome, you only have probabilities. People who don't understand it, lose a lot in trading. And gamblers that think, I know how to make a bit of money, right? I bet $1k with 98% win chance on dice, and I win 10 bucks easily, right? It's a guaranteed $10 profit, I'll buy myself a beer. And yeah, it works, but only with 98% certainty. And one day ... I mean, it's inevitable, it can happen right away, but it will surely happen one day, and you will lose one thousand USD at once, after risking it for potentially gaining 10 bucks.

I ever experienced this one and it's really fucked up considering I only want to earn steady low profit with low risk, but ended to lose all of my big bet after 10-20+ spins. I'd say 50%-70% win chance on dice are better than 98% win chance, there's some people who take bigger risk to bet on 10-20% win chance because it's more satisfy than rather than 1.01x-2.00x. After that, I wouldn't play dice and roll with 98% win chance, I think everyone already experienced this one.

That's what I'm doing, only not with 10-20% win chance, but with 1% or 0.1% win chance, or even lower. And when you win with that win chance, that's what I call "satisfying". And this actually happens not that rare as it might seem. It's rare with 0.1% and lower, but with 1% win chance I win almost every day. Just look at my yesterday's hit:



Only don't try to make money this way, guys. It's for entertainment purposes only.

[lionheart78]

That's what I'm doing, only not with 10-20% win chance, but with 1% or 0.1% win chance, or even lower. And when you win with that win chance, that's what I call "satisfying". And this actually happens not that rare as it might seem. It's rare with 0.1% and lower, but with 1% win chance I win almost every day. Just look at my yesterday's hit:



Only don't try to make money this way, guys. It's for entertainment purposes only.

This reminds me of those old days when I am playing crash game.  I use 0.1% of my fund betting on crash with multipliers 100x, 500x 1000x, 1500x, and 2000x in a single go using auto bet.  I see lots of reds out there but when it hits my maximum multiplier bet, it feels amazing  .  I usually do that until my fund runs out or my bet hit 2000x since the fund used is already considered lost anyway. Don't mimic the kind of strategy I used. it wasn't profitable in the end LOL.


Anyway I stumbled on an article[1] that may contain some pointers that may add to the thread topic.
I summarize the approach in list form:

15 Powerful Gambling Tips That Actually Work

• Use a Simple Bucket Budget to Manage Your Money
• Look for Smaller Jackpots
• Make Smaller Bets
• Play the Short Odds, Not the Long Odds
• Don’t Bet on the House Edge
• Stay with Pass or Don’t Pass in Craps
• Only Play Outside Bets in Roulette
• Read the Fine Print
• The Only Good Betting System Is No Betting System
• Use Time Management and Money Management Systems
• Play Free Games Before Playing for Money
• When Playing Slots, Pick Cheap Entertaining Games
• When Betting on Horses, Be Modest
• In Blackjack, Be Prepared to Split
• Know What a Skill Stop Slot Game Is

You can read the detailed explanation on the reference link below.  

Among these tips, this is the first time I read about the Skill Stop Slot game.  Now, this makes me curious which casino has it, if anyone knows any casino that has this kind of slot game please kindly share it in this thread, thank you in advance.

[1] 15 Powerful Gambling Tips That Actually Work

[Lucasgabd]

That is so because trading is gambling in a way. You can never be sure about the outcome, you only have probabilities. People who don't understand it, lose a lot in trading. And gamblers that think, I know how to make a bit of money, right? I bet $1k with 98% win chance on dice, and I win 10 bucks easily, right? It's a guaranteed $10 profit, I'll buy myself a beer. And yeah, it works, but only with 98% certainty. And one day ... I mean, it's inevitable, it can happen right away, but it will surely happen one day, and you will lose one thousand USD at once, after risking it for potentially gaining 10 bucks.

I ever experienced this one and it's really fucked up considering I only want to earn steady low profit with low risk, but ended to lose all of my big bet after 10-20+ spins. I'd say 50%-70% win chance on dice are better than 98% win chance, there's some people who take bigger risk to bet on 10-20% win chance because it's more satisfy than rather than 1.01x-2.00x. After that, I wouldn't play dice and roll with 98% win chance, I think everyone already experienced this one.

That's what I'm doing, only not with 10-20% win chance, but with 1% or 0.1% win chance, or even lower. And when you win with that win chance, that's what I call "satisfying". And this actually happens not that rare as it might seem. It's rare with 0.1% and lower, but with 1% win chance I win almost every day. Just look at my yesterday's hit:



Only don't try to make money this way, guys. It's for entertainment purposes only.

interesting, you said you win almost everyday with 1% chance
but in how many rolls?
and how you split your total bankroll on that? 100 bets of 1% of total?

[KTChampions]

I know several players who act approximately according to this algorithm, but in the end it turns into a farce: after winning, they withdraw part of the funds and continue to play. If they lose (most of the time they do) they get the money back and keep playing on it. What this leads to, I think is obvious  In general, the problem with gambling is that you will always lose. The only thing worth discussing is how to manage the gigantic jackpot-type winnings.

This was also my strategy as well as my friend on a gambling platform however it really still depends especially if you will still continue gambling after withdrawing your funds on the platform. I guess this strategy best works if you've won a huge amount of winnings or you're ending your gambling activity for the day since there's no point if you will continue gambling after your withdrawal on the platform.

As I said, it makes sense to discuss only options for behavior after a huge win. Everything else does not allow us to get out of the cycle: let's say we won today (in the black). To play tomorrow (or in a week) we again need to risk money. Is it worth it? It is obvious that most likely we will lose them. But then we want to play again. And in the end, we come to the conclusion that no matter how we act, we either continue to play and lose or quit gambling forever.

[goldkingcoiner]

I found this interesting article. It is mainly for beginners. It provides the proper guidance on how maximize profits from online crypto casinos. Beginners often find it difficult to win money from an online crypto casino often times because they have no strategy in place. The right techniques that gamblers must take cognizance of to make money and keep money from online crypto casinos are highlighted below:

• Play free spots
• Make the most out of casino commission benefits
• Monitor your funds
• Play the games that you’re skilled at
• Be aware of your betting patterns.

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

You can read the article here: https://blog.bc.game/how-can-you-make-money-effectively-from-online-crypto-casinos/

You forgot "do not let your emotions take control of your betting behaviour". Which, really is the most important one of them all, if you ask me. A few seconds of negative emotional betting and you could lose everything. All because you tried to regain your losses with unrealistic, rash and badly thought out betting decisions,

My best strategy would be to walk away once you notice your emotions are getting high over a losing streak or even if you just had a bad day and need to vent. Just remember not to vent using your money.

The part about playing the games you are skilled at can be updated to: "play the games you are skilled at and enjoy playing".

[Google+]

None of the strategies you mentioned I apply in playing casino. implementing a strategy when gambling is very difficult for me because I often play the game through an all in pattern meaning I double my bets 1x 3x and 6x and I start again from the beginning. I can't contain my lust for this game. maybe because my capital is too small to gamble, which is around $100 and every deposit I make will always end up with $0 in a few hours.

maybe I can hear and take a closer look at what the strategy you suggest means and will try not to be too selfish when betting.

[rahmad2nd]

I found this interesting article. It is mainly for beginners. It provides the proper guidance on how maximize profits from online crypto casinos. Beginners often find it difficult to win money from an online crypto casino often times because they have no strategy in place. The right techniques that gamblers must take cognizance of to make money and keep money from online crypto casinos are highlighted below:

• Play free spots
• Make the most out of casino commission benefits
• Monitor your funds
• Play the games that you’re skilled at
• Be aware of your betting patterns.

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

You can read the article here: https://blog.bc.game/how-can-you-make-money-effectively-from-online-crypto-casinos/

not very helpful, I didn't read the link my conclusion is most likely just a standard guide.  I saw on the youtube channel there are many tricks and ways to win gambling, lol that's bullshit.  if you play lucky gambling such as slots, dice, roulette, lottery.  relying entirely on luck and strategy does not play a role in this game.  but if you play soccer gambling, basketball, poker, blackjack. you can use strategies, skills to maximize profit opportunities

[lionheart78]

not very helpful, I didn't read the link my conclusion is most likely just a standard guide.  I saw on the youtube channel there are many tricks and ways to win gambling, lol that's bullshit.  if you play lucky gambling such as slots, dice, roulette, lottery.  relying entirely on luck and strategy does not play a role in this game.  but if you play soccer gambling, basketball, poker, blackjack. you can use strategies, skills to maximize profit opportunities

Pretty much I agree that most of the tips regarding profits on gambling are simply a guideline on how to control ourselves and take advantage of the promotion in hope that it will yield us a huge winning outcome.  Those who look for a more feasible way to win are leaning toward sports betting and other skill-based gambling games. With this kind of gambling game(skill-based), there are instances that players are barred from Casinos or had their session winnings limited so that casinos won't get belly up.  So I believe it is more realistic if we can find advice on how to win in skill-based games or sports betting than any other advice on how to win in luck-based games.

[LUCKMCFLY]

~

• 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.

more players help but the force of time too
at a long enough timeline results will tend to the odds, even if we have outliers

well, at least math says that
sometimes it's different in practice... I remember a guy on my childhood that used to win all kinds of raffles, lotteries and bingos, every damn time. it was impressive.

This reminds me that when I was in college a professor sent us a task to toss a coin on a chessboard to see what the probability was that it would land on the whites and blacks, to score them, after that task was when he explained Bayes's theorem, which was the one that tried to prove the existence of God and what he did was arrive at that theorem, really the probabilities are many, it's like saying which came first if the chicken or the egg, which is currently gave the solution with quantum physics that said that either of the two could have been first, then when does it apply here? in games of chance it applies when the advantage is solely and exclusively of the house, that when the player wins he must take what he won and that's it, if he continues to insist he will lose.

Postscript: The probability that someone wins a very difficult lottery when that person wins it, they can win it again, that's a probability.

[Betwrong]

~

This reminds me of those old days when I am playing crash game.  I use 0.1% of my fund betting on crash with multipliers 100x, 500x 1000x, 1500x, and 2000x in a single go using auto bet.  I see lots of reds out there but when it hits my maximum multiplier bet, it feels amazing  .  I usually do that until my fund runs out or my bet hit 2000x since the fund used is already considered lost anyway. Don't mimic the kind of strategy I used. it wasn't profitable in the end LOL.
~

There are no profitable strategies for games like dice and crash. You can win only by chance, but let's not forget that your losing is not guaranteed either. So you can last for a long time with your allocated 5 bucks, having fun and enjoying your occassional big wins.

~

interesting, you said you win almost everyday with 1% chance
but in how many rolls?

Sometimes it's just a few rolls and other times it's over 200. I even won with 1% win chance 2 times in a row a couple of times.

and how you split your total bankroll on that? 100 bets of 1% of total?

My bets are normally very small. I start with less than 0.05% of my bankroll, and then I martingale, I mean I double my bet every 10-20 rolls, and if I lose around 20% of my bankroll I just stop.