Originally posted by: electron
Originally posted by: Viper GTS
Never, ever play a game with a house edge (unless you're casino whoring then it's OK as long as you follow the rules).
Stick with poker if you can win with poker. Play blackjack when and ONLY when casino whoring.
Viper GTS
What is casino whoring?
Basically it works something like this:
1) You deposit money (say $100)
2) They "give" you $100
3) You meet the wagering requirements (say $1000) to clear the money they gave you
4) You walk away with whatever you have left
The math goes something like this:
$100 + $100 = $200 account balance
$1000 wagering requirement * house edge (something like 0.5% for perfect strategy blackjack) = $5 that you expect to lose
You walk away with $200 - $5 = $195
Now the really profitable way is to play really small bets (to minimize variance) until you're close to your wagering requirements... Say play $1 a game for 900 hands, at which point (in theory) y ou'll expect to have roughly $196 of your money left. Then you switch to large bets (say $25/hand) to finish off the remaining $100 of wagering requirements. The goal is to profit from the times variance swings your way, & lose (essentially) nothing when it doesn't. Sometimes you'll lose the $100 they gave you in four $25 bets & walk away with a net loss of a few dollars, but other times you'll end up WAY up.
Done properly it can be VERY profitable, & it can even be taken a step further & played for either bust out (a loss of $400 of your money) or a huge cashout. Depending on the specific game being played & the amount of bonus they give you it works out something like 3 times out of 4 you'll lose all your money, but 1 time out of 4 you'll end up with enough to cover your three losses + quite a bit more.
Look around the web for more info, there are specific formulas to figure out what your target cashout is, the ideal bet size to use, your risk of ruin, etc. The math does support it, but it is very high variance - You might lose 10 deposits in a row.
Viper GTS