The methods in
this chapter assume you are getting a fair game as defined in Internet
Casinos(link to relevant article), that you are getting at least
a 20% signing bonus, and that you are using Basic Strategy to play
the hands.
What that 20%
signing bonus means is that you have an actual edge over the casino
with the bankroll representing your deposit plus your signing bonus.
Lets say you are playing blackjack with perfect basic strategy
which yields about a ½% casino edge. Factoring in the signing
bonus of 20%, you are playing with an edge of 19.5 % with this initial
bankroll. Keep in mind that this edge only applies to the initial
bankroll. You will learn in Method 2 in this Chapter how and when
to reacquire this advantage by opening up accounts periodically
at new casinos.
METHOD 1: PLAYING
AGAINST THE RANDOM NUMBER GENERATED BLACKJACK GAME
All Internet Casinos
use Random Number Generators (RNG) to determine the cards dealt,
the number thrown with a pair of dice, the spin result at roulette
or the outcome of a video poker game or a pull on the slot machine.
Random Number
Generators
Before I discuss
the strategy, a little background on RNGs is necessary.
According to some
authorities, numbers calculated by a computer through a deterministic
process, cannot, by definition be random. The question boils down
to prediction. Given knowledge of the computer algorithm, one could
predict the sequence of these numbers and thus gain a huge edge
over the online casino.
In dealing, then,
with online casinos, we must recognize two types of random numbers:
pseudorandom numbers and genuine random numbers. This recognition
presents us with two choices in gaining the edge: (1) Given a choice,
we should prefer to play at a casino using genuine random numbers
because predictable sequences can be used both ways by the
casino to cheat (although I am not implying any casinos do this,
it is possible) and by players to gain an edge with accurate prediction
information (assuming the players could figure out the algorithm
and thus the sequence of events); (2) Even though we havent
figured out the algorithm, pseudorandom numbers may present us with
blackjack game patterns which may be predictable.
For more information
on pseudo- versus genuine random numbers, you may wish to visit
a web site that generates genuine random numbers through a process
involving radioactive decay: http://www.fourmilab.ch/hotbits
I realize that
there is some ambiguity in the above two choices, but this is the
current state of the art and it brings us to the first idea for
gaining an edge.
Assuming these
games are dealt with no fixed number of decks, back-and-forth or
choppy games could occur if Basic Strategy is used to play the hands.
The strong dealer-biased games that result from like-card clumping
should not be evident. Based on these assumptions, Step 1 is to
play Basic Strategy with a 3-level negative betting progression
in the Play Free mode that most Internet casinos offer.
If you find yourself in a choppy game; i.e., back and forth winning
between you and the dealer, try a minor negative progression like
1-2-4. Bet one unit; if you lose, bet 2 units; lose again, bet 4
units. Lose three in a row, end the session or start over reverting
to a table minimum flat bet. Any win in the three hands results
in a 1-unit profit; a win starts the progression over. If the game
continues choppy, increase your spread to 1-3-7.
Play this simple
method in the free play mode with no money at risk. Get a feel for
the patterns in the casino's RNG. Are there patterns? Is the game
choppy? How long does the chop last before you lose 7 or 11 units?
Did your winning prior to the loss of a progression cover the loss?
Is a winning choppy pattern evident over several successive days
of play? If you find recurring choppy periods, try a hit-and-run
strategy grabbing five units or six units, then moving on to another
casino, and coming back to this one at a later time.
You could open
accounts at several casinos and play the up-as-you-lose 3-level
progression at those where you find the choppy patterns. If nothing
else, you're having fun in the play free mode with no money at risk,
and its quite possible that you will find a game that would
warrant risking real money in which case you would make a deposit
at that casino.
Important: In
the beginning, I recommend playing only at Boss Media Casinos for
reasons given in the last article, such as Casino
Atlantis, especially the fact that they all offer games based
on genuine random numbers. These games, perhaps, are more suited
for this and other methods to be described below. Later, as you
gain experience, you may wish to play at casinos offering games
based on pseudo random numbers.
When playing at
casinos using pseudo random numbers, it is important that, when
converting from Free Play to playing with real money, you confirm
that the real money game is similar to free play game. That is,
you are looking for the same choppy back-and-forth game.
I have heard reports
from some online gamblers that once they put real money into action,
the game changes from choppy to a losing trend. So, you need to
set a stop-loss for each casino at which you open an account
between 20% and 50% of your deposit depending on the risk
you are prepared to take. I am not suggesting that your losing happens
because of casino cheating, but why take the risk? A casino stop-loss
is good money management practice in any event.
METHOD 2: EXPLOITING
THE INTERNET CASINOS CASH BONUSES
The fact that
hundreds of Internet casinos are all competing with each other for
customers and offering cash bonuses to get them and keep them, offers
gamblers a unique opportunity to turn the tables and gain the advantage.
Because of this
intense competition, many Internet casinos offer a 20% signing bonus
when you open an account. Some casinos will credit you with a 20%
signing bonus on subsequent deposits. Sometimes, during holidays
and other special dates, they will raise this bonus to as much as
50% of your deposit. Their usual policy on this money is that you
must generate betting action equal to or greater than your entire
deposit plus signing bonus before you can withdraw the money.
These signing
bonuses are the equivalent of comps in the real-world casinos, but
there is one huge difference you get them up front, before
you make that first bet. Can you imagine walking into a real-world
casino, sitting down at a blackjack table, buying in for $100 and
being given $120 worth of chips? Whats this for?
you ask. Its yours, says the dealer, All
we ask is that you give us at least $120 worth of action before
leaving the table. Would you accept the extra $20 under these
conditions? Of course you would!
The tactic, then,
when playing blackjack at the Internet casinos is to use a conservative
betting strategy to generate betting action equal to or greater
than your deposit plus signing bonus and then withdraw the money.
Assuming that you break even or even lose a little, the signing
bonus gives you the edge. After the withdrawal, repeat the tactic
at another casino.
You could use
the betting tactic from Method 1 above to generate your action and
then play as long as your game is predictable; i.e., as long as
you are getting a choppy back and forth game in which you are able
to grind out a few units per session, stay with this casino. When
your game turns sour, or is no longer predictable, close your account,
withdraw your money and play at another casino. Your objective is
to close your account with a win and the upfront bonus gives you
the cushion to do just that. This assumes that your betting action
is equal to or greater than your original deposit plus signing bonus
which is the casinos requirement before they will refund the
signing bonus along with your deposit.
If Method 1 is
working and have ground out units in a choppy game which are equal
to or greater than your deposit plus your signing bonus, set a trailing
stop-loss which, if triggered, would signal the withdrawal and account
closing. I recommend 14 units for the stop loss amount. This is
the loss of two of the 1-2-4 progressions. If you lose both right
up front, before winning any money or giving the casino the required
action, try the flat betting method described below.
When you are winning
by grinding out units, your trailing stop-loss moves up with your
win. For example, assume that you are up a total of 22 units (not
counting your signing bonus). Your trailing stop-loss of 14 units
would signal stop and withdraw if your winnings drop to 8 units.
Adding in your signing bonus of 4 units, you walk with a total of
12 units.
If you cant
detect a choppy game in the casinos RNG, another approach
to exploit the upfront bonus money, is to flat bet. Using this approach,
you would usually get the money. For example, assume that you deposit
$100 and are credited with a $20 signing bonus. You bet $5 a hand
playing basic strategy. The casino advantage is less than 1%. It
would take 24 bets to generate the action required to withdraw your
money. In a choppy game, you may win 12 and lose 12. Even if you
win 11 and lose 13, youve still made 10% on your money (not
assuming any blackjacks, splits or double downs).
What is the worst
that you can do on these 24 hands flat betting in the choppy game
we have assumed? The worst assumes that the choppy game turns unfavorable
and you begin to lose before you decide to get out. Using simple
statistics, we can compute the standard deviation on these 24 hands
as about 2.5 hands. This means that about 68% of the time, the worst
we could expect is to only win 12 minus 2.5 hands or 9.5 hands and
lose 14.5 hands for a net loss of 5 hands or $25. So, overall, you
are only down $5. Not a bad risk.
For the above
example, if you want to assume two standard deviations which encompass
95% of the probable occurrences, your record for the 24 hands could
be 7 wins and 17 losses. This losing trend should be respected and
the game departed early on using a simple trailing stop-loss technique
of three betting units; i.e., any time you back off three units
from a high point, leave the game.
This tactic of
hustling signing bonuses is not new. I first learned about when
researching this book in late 1999. Since then, I have communicated
with scores of players that are out there using it and taking advantage
of the liberal bonuses and action that the hundreds of Internet
casinos offer. I first published this strategy in my gambling e-zine
(online newsletter), Advantage Player, in April 2000.
I know of one
example where a gambler hit 30 casinos in one day with max deposits.
He played roulette betting an equal amount on red and black, with
a small bet on each zero for insurance. For our $100 deposit example
above, betting $12 on red and $12 on black with $1 on each zero,
it would take him just five spins to generate the required action.
Well, for this particular betting pattern, it didnt take the
casinos long to catch on and reprogram their software to detect
it and close his account. So I recommend sticking with blackjack
and avoiding this kind of hedging at roulette or craps; i.e., betting
on both red and black or on the Pass and Dont Pass at craps.
The above example,
so easy for the online casinos to detect, poses the question: Is
this strategy still valid? The answer is very definitely. Why? Because
of the intense competition for players. If a casino dropped the
upfront cash bonuses, it would quickly lose players to competing
casinos.
With 800 casinos
to choose from and new casinos opening every week, you can find
all the action you can handle.
Theoretically,
operating at just two casinos a week, it would take you over eight
years to cycle through every casino in cyberspace (in reality you
would only be playing at those casinos which are favorably rated).
Can you imagine
a real world casino offering you a 20% signing bonus to play blackjack?
And then letting you walk out the door with their money after giving
them only enough action to equal your buy-in plus their bonus? It
seems incredible when you compare the real world with the virtual
world. Online casinos can make this offer because they hold your
money, have lower overhead expenses and because they have the odds
working their way with the RNG games. So lets take what they
give us and turn it our way into an edge.
Online casinos
will continue to make money on this very liberal marketing strategy
because most gamblers (unlike the readers of this book) will stay,
play, and lose.
There is one catch
to this strategy that you need to be aware of and that is getting
your money out of the casino. Two recommendations: (1) only play
at casinos whose reputations are favorable for releasing players
money; (2) do not stop play and proceed to withdraw on or near the
amount of betting action the casino requires before you can take
their signing bonus with you; give them enough action so they will
think youre a gambler, not a hustler.
Which brings us
to Method 3 for generating the desired action.
METHOD 3: DETECTING
PATTERNS IN THE CASINOS PSEUDO RANDOM NUMBER GENERATOR
The feasibility
of this method is right at the edge of the state-of-the-art. A few
Internet friends and associates are working on such a method. I
wanted to mention this to you for two reasons: (1) if you find one
or develop one, please contact me and tell me about it: (2) if you
are interested in my progress in this arena, please contact me for
a progress report.
SUMMARY AND
RECOMMENDATIONS
Now lets
summarize the three Internet Chapters into an integrated strategy:
1. Choose a casino
for play, one which offers a 20 to 30% signing bonus; stick with
Boss Media casinos until you get some experience. 2. Open your account.
3. Use the free play mode to determine if the casinos RNG
produces a choppy game. 4. If yes, make a deposit and begin play.
Insure that the real money game is exhibiting the same choppy game
as the free play game. Set a stop-loss for this casino and respect
it, whether or not you can grab the signing bonus with your withdrawal.
5. If the choppy game is present in the real money game, use Method
1 to grind out a win using a 14-unit trailing stop loss. 6. If no
choppy game is present, use a flat betting approach to give the
casino the required action before withdrawal. 7. When your 14-unit
trailing stop-loss is triggered, close your account, withdraw your
money and move to a new casino with another 20 to 30% signing bonus.
The key to making
this integrated methodology work: Make a plan and stick to it: Discipline,
Discipline, Discipline. Review Blackjack: A Winners Handbook,
Chapters 3 and 4, before starting play at each new casino to reinforce
your objectives.
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