Online casinos offer bonuses to players to keep them playing, to help increase playability, and to tempt them into placing just one more bet. While many old-school players who used to frequent physical casinos will claim the house always wins, there’s a different approach in the online world. We’re going to take a closer look at how you could potentially use data to optimize your gaming experience each time you play.
A word of caution
This article is not intended to be a fool-proof way to make money with casino bonuses, nor does it offer any guarantees. We’re focused purely on math so that you can get a better understanding of how the odds stack up. How you choose to play the odds and bet against them is then completely up to you.
Moving beyond the hot hand fallacy
There’s a tendency — a very natural one — to expect that what has been occurring for a while will continue to happen well into the future. The Sun rises and sets, the seasons come and go, and the night sky is a constant. Look closer to home, however, and you find that things are far more dynamic and in a state of flux. Just like a basketball player is not guaranteed to hit their next shot because they scored five in a row, an online casino will not continue to lose to a player on a streak.
To understand casino probabilities we have to know that each game played is an independent event. This means that what happened in the previous roll of the dice does not influence what will happen during the next round. It may seem like it does because of a streak, but this is just the brain finding patterns that are nothing more than coincidence. Strategic use of casino bonuses requires a player to understand this fact from the moment they start playing.
Should you stockpile casino bonuses?
Once you start to explore data-driven strategies based on statistics you will start to think about how various events are related. On the surface, it may be tempting to stockpile casino bonuses in an attempt to play virtually risk-free, but will a casino reward this type of behavior? If you think of casino bonuses as a casino’s attempt to get you playing a little longer, it is unlikely you can stockpile bonuses. It is reasonable to expect that you will only become eligible for further bonuses once you redeem the one you have just been awarded. What’s needed is an overview of the latest casino bonuses various games have to offer.
Strategically searching for bonuses
Game developers are continually competing against one another to attract and retain players, just as all forms of online entertainment are. Games selected by AskGamblers offer a total of 3,000 casino cash bonuses in India. Using these types of comparison sites allows players to survey the big picture and finally understand their options on a deeper level.
Strategic search and selection of online casino bonuses can help players develop hedging strategies that reduce their overall risk exposure. The key piece of data to have at your fingertips is whether you’re getting a cash bonus or something more akin to free spins. Free spins allow you to play for free and potentially win in the process, while a cash bonus can be used to supplement an organically placed bet. Doing the former will provide more chances to win while doing the latter will keep the odds the same but increase the size of the potential winnings. Any winnings earned with casino bonuses then need to be analyzed to understand what’s going on.
Using data to analyze your casino bonuses
Keeping a running database of your bets will allow you to see patterns both across time and in different forms of gameplay. You will be able to identify key influences on your probability of winning, such as:
- The type of game that you’re playing and how long you were playing it for
- The time of day you were playing and if changes in your energy levels impacted your performance
- The use of casino bonuses and whether psychological factors like feeling like you’re taking smaller risks help you make better decisions during a game
Data-driven approaches of this nature take time and effort to get right, but they will also start to deliver insights that intuition never can.
Being data-driven in every sense of the word can help in so many areas of life, including how to make the most of online casino bonuses.
