How much have you earned online?
- Thread starter Ravn
- Start date
They are very very broad questions and i'm not totally sure that there are enough online players frequenting this site to give any reasonable spread of views - but i'll give my own for what it's worth.
In the last couple of years i've made low-mid 6 figures ($) playing online, but your earning potential is dictated by a lot of things; how hard you are prepared to work, what degree of risk you are willing to accept, what capital you have to risk, how much knowledge you have and how quick a learner you are.
I would suggest that it would be far harder to start with a very small ammount of capital and build up today, bonuses have got poorer and generally require a higher level of risk than they did in the past - there are very few big quality cashable blackjack bonuses that can be ground through at low stakes now.
If however you already have a reasonable starting stake, have read up on the intricacies of the various types of bonuses and how to profit from them, there's still money to be made.
RJT.
In the last couple of years i've made low-mid 6 figures ($) playing online, but your earning potential is dictated by a lot of things; how hard you are prepared to work, what degree of risk you are willing to accept, what capital you have to risk, how much knowledge you have and how quick a learner you are.
I would suggest that it would be far harder to start with a very small ammount of capital and build up today, bonuses have got poorer and generally require a higher level of risk than they did in the past - there are very few big quality cashable blackjack bonuses that can be ground through at low stakes now.
If however you already have a reasonable starting stake, have read up on the intricacies of the various types of bonuses and how to profit from them, there's still money to be made.
RJT.
I agree with RJT about bank. I have been working it for a few weeks now. Very hard to build up the bank, 3 steps forward-2.5 steps backward. I am using mini-martingale strategy and, at the same time, tracking each win or loss on an Excel spreadsheet and only starting the mini-martingale after the ratio of lost hands to won hands exceeds certain levels and also only after, 3, 4 or 5 consecutive losses when the ratios dictate. I still get burnt, but not as often as statistics dictate. It does seem that the major increases in banks is from doubles, splits and blackjacks on the higher martingale runs. The wins outnumber the losses enough to make a difference. .
I would really be interested to hear how other players are handling it. Counting is useless. With all the record keeping I am doing I am averaging about 150 hands per hour so the going is pretty slow. I am not sure I wouldn't be making more money just working the bonuses. But, I haven't checked other casinos out and not real sure where there might be a good online analysis of the best ones. Would be interested in any recommendations.
To directly answer your question. I am playing for $1 bets, very occasionally switching to $5 to recover some losses when the spreadsheet favors it. I started out with $50 (including bonus). Built that up to about $320 in 6 hours . Lost it all due to two very long strings of lost hands within 100 hands of each other.
I refined my technique playing several thousand practice rounds and then started out, all over again with a $200 bank. I have now built my bank back up to a little over $670, including my original $200 plus $20 in new money bonus and about $80 in playing bonuses. So, I am ahead about $370. I now have enough to survive 3 martingale losses in a short period of time, even with one of the losses being a double or split. Of course, my bank would be busted beyond recovery and I would have to start over. But, in my opinion, I am just hanging on by a thread.
RJT has provided me with some good information on a string I started. He is 100% correct about it is better to start with a large bank than build it up. But, I am trying to today it without risking too much of my own money so that I am forced to learn the lessons painfully instead of just losing my own money.
I have decided to do it this way because the only local Indian casinos are all 6:5 blackjacks unless you play at the over $25 table and it is a 7 hour drive to Vegas. So, I am trying to conquer Online. Plus, I am finding I can make more money, because I can play a lot more hands, online than at a table with a 6:5 blackjack.
I also limit my playing daily to keep myself fresh and the pacing seems to make more sense. I also play in increments of 10 rounds per day that win 10 units or a wipeout... and take a break and evaluate what just happened.
I would be very interested to hear other peoples thoughts and experiences. there have to be a lot of people out there who know a lot more about his than me.
I would really be interested to hear how other players are handling it. Counting is useless. With all the record keeping I am doing I am averaging about 150 hands per hour so the going is pretty slow. I am not sure I wouldn't be making more money just working the bonuses. But, I haven't checked other casinos out and not real sure where there might be a good online analysis of the best ones. Would be interested in any recommendations.
To directly answer your question. I am playing for $1 bets, very occasionally switching to $5 to recover some losses when the spreadsheet favors it. I started out with $50 (including bonus). Built that up to about $320 in 6 hours . Lost it all due to two very long strings of lost hands within 100 hands of each other.
I refined my technique playing several thousand practice rounds and then started out, all over again with a $200 bank. I have now built my bank back up to a little over $670, including my original $200 plus $20 in new money bonus and about $80 in playing bonuses. So, I am ahead about $370. I now have enough to survive 3 martingale losses in a short period of time, even with one of the losses being a double or split. Of course, my bank would be busted beyond recovery and I would have to start over. But, in my opinion, I am just hanging on by a thread.
RJT has provided me with some good information on a string I started. He is 100% correct about it is better to start with a large bank than build it up. But, I am trying to today it without risking too much of my own money so that I am forced to learn the lessons painfully instead of just losing my own money.
I have decided to do it this way because the only local Indian casinos are all 6:5 blackjacks unless you play at the over $25 table and it is a 7 hour drive to Vegas. So, I am trying to conquer Online. Plus, I am finding I can make more money, because I can play a lot more hands, online than at a table with a 6:5 blackjack.
I also limit my playing daily to keep myself fresh and the pacing seems to make more sense. I also play in increments of 10 rounds per day that win 10 units or a wipeout... and take a break and evaluate what just happened.
I would be very interested to hear other peoples thoughts and experiences. there have to be a lot of people out there who know a lot more about his than me.
Last edited:
Grasshopper said:
I agree with RJT about bank. I have been working it for a few weeks now. Very hard to build up the bank, 3 steps forward-2.5 steps backward. I am using mini-martingale strategy and, at the same time, tracking each win or loss on an Excel spreadsheet and only starting the mini-martingale after the ratio of lost hands to won hands exceeds certain levels and also only after, 3, 4 or 5 consecutive losses when the ratios dictate. I still get burnt, but not as often as statistics dictate. It does seem that the major increases in banks is from doubles, splits and blackjacks on the higher martingale runs. The wins seem to outnumber the losses significantly.
I would really be interested to hear how other players are handling it. Counting is useless. With all the record keeping I am doing I am averaging about 150 hands per hour so the going is pretty slow. I am not sure I wouldn't be making more money just working the bonuses. But, I haven't checked other casinos out and not real sure where there might be a good online analysis of the best ones.
To directly answer your question. I am playing for $1 bets, very occasionally switching to $5 to recover some losses. I started out with $50 (including bonus). Built that up to about $320 in 6 hours . Lost it all due to two very long strings of lost hands within 100 hands.
I refined my technique playing several thousand practice rounds and then started out, all over again with a $200 bank. I have now built my bank back up to a little over $670, including my original $200 plus $20 in new money bonus and about $80 in playing bonuses. I now have enough to survive 3 martingale losses in a short period of time, even with one of the losses being a double or split. But, in my opinion, I am just hanging on by a thread.
RJT has provided me with some good information on a string I started. He is 100% correct about it is better to start with a large bank than build it up. But, I am trying to today it without risking too much of my own money so that I am forced to learn the lessons painfully instead of just losing my own money.
I have decided to do it this way because the only local Indian casinos are all 6:5 blackjacks unless you play at the over $25 table and it is a 7 hour drive to Vegas. So, I am trying to conquer Online. Plus, I am finding I can make more money, because I can play a lot more hands, online than at a table with a 6:5 blackjack.
I also limit my playing daily to keep myself fresh and the pacing seems to make more sense. I also play in increments of 10 units of win or a wipeout... and take a break.
I would be very interested to hear other peoples thoughts and experiences. there must be a lot of people out there who know a lot more about his than me.
I would really be interested to hear how other players are handling it. Counting is useless. With all the record keeping I am doing I am averaging about 150 hands per hour so the going is pretty slow. I am not sure I wouldn't be making more money just working the bonuses. But, I haven't checked other casinos out and not real sure where there might be a good online analysis of the best ones.
To directly answer your question. I am playing for $1 bets, very occasionally switching to $5 to recover some losses. I started out with $50 (including bonus). Built that up to about $320 in 6 hours . Lost it all due to two very long strings of lost hands within 100 hands.
I refined my technique playing several thousand practice rounds and then started out, all over again with a $200 bank. I have now built my bank back up to a little over $670, including my original $200 plus $20 in new money bonus and about $80 in playing bonuses. I now have enough to survive 3 martingale losses in a short period of time, even with one of the losses being a double or split. But, in my opinion, I am just hanging on by a thread.
RJT has provided me with some good information on a string I started. He is 100% correct about it is better to start with a large bank than build it up. But, I am trying to today it without risking too much of my own money so that I am forced to learn the lessons painfully instead of just losing my own money.
I have decided to do it this way because the only local Indian casinos are all 6:5 blackjacks unless you play at the over $25 table and it is a 7 hour drive to Vegas. So, I am trying to conquer Online. Plus, I am finding I can make more money, because I can play a lot more hands, online than at a table with a 6:5 blackjack.
I also limit my playing daily to keep myself fresh and the pacing seems to make more sense. I also play in increments of 10 units of win or a wipeout... and take a break.
I would be very interested to hear other peoples thoughts and experiences. there must be a lot of people out there who know a lot more about his than me.
RJT.
Why is Betting Spread and another strategy than Basic Strategy useful at online casinos?
Isn't the same at a "regular" casino?
I've never tried online casino before and there are a lot of hustlers trying to sell me something so it would be nice to know from people here.
RTJ you seem quite good at it.
Isn't the same at a "regular" casino?
I've never tried online casino before and there are a lot of hustlers trying to sell me something so it would be nice to know from people here.
RTJ you seem quite good at it.
Ravn said:
Why is Betting Spread and another strategy than Basic Strategy useful at online casinos?
Isn't the same at a "regular" casino?
I've never tried online casino before and there are a lot of hustlers trying to sell me something so it would be nice to know from people here.
RTJ you seem quite good at it.
Isn't the same at a "regular" casino?
I've never tried online casino before and there are a lot of hustlers trying to sell me something so it would be nice to know from people here.
RTJ you seem quite good at it.
Go to http://www.beatingbonuses.com to learn more.
RJT.
RJT said:
GH - if i'm picking you up right i guarentee you that the longer you play the more certain you'll wipe yourself out is. It is not possible to beat online blackjack in the long run by using any form of betting strategy - no matter how you do it you will always lose the house edge in the long run. There are ways of beating the online casinos - but if you're in the US your options are very very limited at the moment.
RJT.
RJT.
However, after about 20,000 practice hands and about 8,000 online hands I keep getting pretty much the same actuals, plus or minus some variation, which are significantly better than my expected outcomes, no matter how I re-arrange or break up the data. I have a couple theories but they don't really support the results I am achieving.
So, my plan is to keep playing this way, if only to prove to myself that it can't be done. I plan to pull out my actual investment as soon as I have built the equivalent of 5 Wipeouts. Then, at least, I won't be risking my own money. We'll see what happens. Because of the deposit and betting maximums my casino allows I really can't go too much higher on my base bets nor do I have enough bank to support a higher level of betting.
However, I would be very interested to know a little about your playing style. Are you only playing BS ,and surviving the bonus deadlines, or are you doing something more? What?
RJT said:
Basic Strategy minimizes the house edge. A bet spread is only useful when playing for certain types of bonuses. It has to involve a bonus though otherwise you're just slowly bleeding your money away.
Go to http://www.beatingbonuses.com to learn more.
RJT.
Go to http://www.beatingbonuses.com to learn more.
RJT.