Bitcoin. Playing online blackjack for bonus opportunities?

Toxic

Well-Known Member
#1
Now that bitcoin is taking off, there will be many opportunities to play blackjack online. Hopefully, some sites will deal a beatable game.

For those that don't, can I just play basic strategy and gain EV from the deposit bonus?

Obviously roll requirement is important

Also, how to address cheating? Or games that you lose way faster than reality?
 

Meistro

Well-Known Member
#2
For the most part wagering requirements are so high that bonuses are not very profitable. It is common to see wagering requirements of 35x, applied to both the bonus and the deposit, with blackjack only counting 10% towards clearing it. So this means for a $100 deposit they would like $70,000 in action before you can cash out. On the other hand some bonuses exist that can be cleared, albeit slowly, at live dealer blackjack games, where you can actually put in the roll over requirements at a slight advantage.

One strategy to making money on these bonuses is to try to double the entire amount initially. So you start with a $100 w/ 100% instant match bonus, then bet it all on banker. If you win you have $400 and if you lose you are only out $100. Then after doubling it you just make small wagers until the bonus is cleared. But in the case of our above example you would still have an expected loss of $350 playing basic strategy.

Generally if you have access to B&M casinos these offer more lucrative opportunities.
 
#3
I would stay away from online casinos. If you're playing a winning system they can just lock your account and keep your money. Lets not forget they can cheat you ridiculously easily.
It seems like a lot of risk for little reward. Just buy Bitcoin and watch yourself get fat lol:)
 
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