Casino Scams
Warning - do not fall for online money making claims which take you to casinos. These are like Sirens luring you to the rocks. In short they are scams!
The most popular is the claim that you can win free money by playing a gambling strategy on roulette:
You play red or black and every time you lose you double your stake on the same colour. As the colour you are betting on must come up at some point, you will win at least a small amount at the end of every sequence.
This is known as the Martingale technique - or the Hawkes method - and is played on European roulette tables (with one green 0).
There are plenty of people claiming that they legally make around $3000 a month using these ‘risk-free’ methods.
They also tell you to be careful to make only a few hundred a day as the casinos might spot the method and ban you from playing.
Do not fall for this…you can lose big time.
These sites are on the side of the casino and are written to pull you in!
The edge, no matter how small, is always in the casino’s favour. And the ball has no memory - it does not matter what came in last time, it is perfectly possible to get 10 or 11 of one colour in a row.
At just $2 dollar for the first spin a run of ten would require a bet of $3060 on the eleventh bet - on top of the $1530 you have already lost.
You can see how the compounding of small bets to large bets happens relatively quickly and is enough to wipe most people out.
The truth is the longer you play the more likely it is you will lose everything.
For a more in depth examination of the flaws of this technique take a look at:
The Wizard of Odds
Even if you do win on these sites at first you will find that if you have used the casino’s bonus gift money then you will not be able to take winnings off the table straightforwardly.
You are penalised for using the bonuses if you have wom at roulette and have to play longer before drawing winnings - or play other games like slots (where there is no gambling strategy!).
The whole point of these make money at casino sites and products is to make money for the casino.
There’s a saying in poker that if you don’t know who the patsy is then it’s you. You have been warned!
The
