3 Ways to Push The Edge In Your Favour
If we accept that an overall series of small wins over time offers the best chances of making a profit (while still hoping for the odd big win of course), we need to be looking for some of the ways to achieve just that…..
1. Play Free Games
In this context ‘free’ means you’re not actually risking any of your own cash right? So obviously anything you win counts as profit?
Well actually this may be the case yes, although ‘free’ doesn’t always mean ‘free’ as such. You’ll find free games offered just for fun or practice, totally free games offered as promotions in their own right, and free games offered as part of a bonus for making a deposit.
And it’s slots fans that are most likely to see these options.
Free slots games for fun clearly won’t get you a cash return,so let’s rule those out for now.
Totally free games where you can win cash are rarely available, but do come up from time to time. They are worth watching out for.
What you are most likely to encounter are free slots spins which are offered as part of a bonus – either as the bonus itself (example: deposit $50 get 50 free slots spins), or as an enhancement to a cash bonus (example: deposit $50, get $100 bonus cash + 20 free slots spins).
As to where to take advantage of these type offers, you’ll want a reputable casino like 888 where free slots with bonus promotions are regularly available.
2. Avoid Leaking Cash
Let’s take a look at a few examples of areas where you might be leaking cash that would be better making up part of your bankroll.
If you win $2,000 at the blackjack table, and you tip the dealer for $200, you are killing off your profit margin. Although $200 doesn’t seem like a lot in a hot night when you have won a substantial amount of money, you have to realise the dealer won’t tip you back when you lose.
Playing online solves this problem, but if you’re into bricks and mortar casino gaming it does have an impact to consider.
This could be domestic travel (which incur gas expenses, or taxi), and it could be overseas travel as well. If you’re going to player poker abroad, because you could find much softer tables there, and you end up winning $5,000 over a nice weekend in Italy, when you factor in your travel and accommodation expenses, you’ll soon realize this weekend has been hardly profitable for you.
Whether you’re playing online using different eWallets like Neteller or Paypal, or playing abroad, banking will be a major factor for you.
eWallets are notorious for their extreme fees. For every dollar you earn and withdraw back to your bank account or credit card, there will be some hefty fees ranging between 1-2%. When currency exchange is involved, you’ll be paying as much as 6% of your earnings. That means that even a pro poker player will slash off his margins completely using them.
Banks are also extremely expensive when it comes to moving money abroad. When you wire transfer abroad or wire transfer from abroad to your bank account, expect to pay fixed fees of up to $50 per transfer and up to 3% of the total value of that transfer in exchange rate markups. If you have just won an EPT event for a million Euro prize, you may have to pay hundreds of thousands of dollars in fees.
Other Ways Of Improving Your Bottom Line
The key towards increasing your profit margin is first and foremost awareness. It may pay to consider elements either outside of or related to gaming into your calculations, and increase your prospects that way.
Generally Reducing Expenses
We all want great deals or to shave off some costs here or there, so it’s worth considering how to reduce your expenses while still maintaining a lifestyle you enjoy. A good example would be to use websites like SkyScanner to book your flights for cheap.
You could also pay good attention to your health and maintain a routine that will prevent you from gaming-related medical issues down the line (which is recommended regardless of the money saving induced).
Understand Your Betting Processes
All of this of course is on top of the considerations you’ll need to be making in your actual betting operations – choosing what, where, when, and how to place your bets. In particular, saving money wherever you can will be of the utmost importance wherever you’re making low but consistent profit margins, no lose betting being a good example.