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During my years as a blackjack and roulette dealer I watched a lot of people lose a lot of money. I also saw a few players win money — I’ll get to that in a moment.
Oddly, most of my coworkers loved to gamble. You would think they’d know better, since all of their wages (and all those pretty buildings) are paid from gambling losses.
I didn’t (and still don’t) share their gambling habits. On the other hand, it can be fun to hang out in a casino, especially if they have free drinks.
So I understand why people might budget a little bit of money to lose at the slot machines or table games.
Of course it would be even more fun if you could do better than limit your losses, right? It would be great if you could make money at casinos.
Well, you can! And 44 states have casinos!
Here are ten ways to make money at casinos, along with some ways to save money by going to a casino, and — in case you need to satisfy your inner gambler — a way to risk a little money to win big.
Table of Contents
1. Become a Card Counter
Regular blackjack gives the “house” (the casino) an edge of about 0.5% to 3.0% depending on the rules and how well you play. However, at times the game is in your favor as a player.
Specifically, you have an advantage when the remaining cards include more aces and face cards than normal.
To know when this situation has developed you can track the cards using a simple plus-or-minus count, and then bet more when the count is right.
You can learn card counting in a few hours, but to be proficient while playing at a busy blackjack table takes many more hours of practice.
Keep in mind that casinos can ask you to leave, even though card counting isn’t illegal. Where I worked management tolerated small-time card counters.
They probably figured that having a few winners encouraged the less-disciplined players to keep trying. The edge from good card counting is only 0.5% to 1.0%.
So, for example, if you play at a table with a $5 minimum and alternate your bets between $5 and $50 (when the count is right), and there are 50 hands dealt per hour, you might bet a total of $700 per hour, for an expected profit of just $7 per hour (with a 1% edge).
Clearly, to make some serious money you have to be good and bet more.
By the way, having the odds in your favor doesn’t eliminate the ups and downs. I can tell you from experience that even the house, with a larger statistical edge, loses on some days.
So with bets of, say, $25 to $100, you may do well in the long run, but you have to stomach nights when you lose thousands of dollars.
Still, if you do it right, you’ll be ahead in the long run, so you’re working, or investing, not gambling.
2. Try Credit Hustling
Credit hustling is simply looking for leftover credits on slot machines. Players often forget and leave without cashing out.
On slow nights when I had no players at my blackjack tables, I used to watch credit hustlers checking the machines, and they sometimes found credits.
A Daily Mail article on people who live in the tunnels under Las Vegas reports on one couple that survives by doing this.
They once found more than $900 in a single machine, although finding a dollar or two is the norm.
While not illegal (if the credit have been truly forgotten and abandoned), casinos don’t care for credit hustlers, so you’ll normally try to keep a low profile.
3. Join A Players Club
Almost every casino has some sort of “players club” you can join for free.
Apart from earning points as you play, which can be redeemed for freebies of all sorts, you also usually get some rewards up front for signing up.
For example, many casinos offer “match play” money. That might be $5 coupons or chips, for example, but you have to bet $5 of your own along with each one.
You can lose, but when you win $10 for betting $5 of your own money the odds are with you even at the worst games.
If you round up enough of these deals you can be pretty sure you’ll make a profit playing just long enough to use up your match play.
Casinos may offer a free meal or other goodies for joining the club too, which at least saves you some money.
4. Take Advantage Of Promotions
The casino where I worked handed out out $10 in free play to everyone who walked in the door (for a while anyhow).
Some couples came every day to get $20, playing perhaps 50 cents each in the slot machines before leaving with the rest of the money.
When my wife and I lived in Florida we went to a casino where they gave us each $5 in free slot machine play, and a free dinner, and free wine.
The catch was we had to play at least 100 times, but at nickel machines with a 12% house edge the expected loss is only 60 cents (100 x 5 cents x 12%), so, by playing slowly, we left ahead (and full) every single time we went.
Watch for any promotions at casinos near you, and see if there is some way to turn a profit from them.
5. Become A Good Poker Player
When you play against the casino, the house has the edge, but when you play against other players, you can have the edge if you’re good.
There are plenty of online tutorials on how to win at casino poker, but keep in mind that the house takes a cut of every pot, so you have to be significantly better than the other players to come out ahead.
As someone who has won money at poker (and chess) without much skill, I can tell you that the key is to play against weaker players.
Going against stronger competitors might help you prove something, but if you want to make money, look for tables with weak players.
6. Play In Slot Tournaments
Slot tournaments usually involve playing to see who does best in a set time, using machines set up with fake credits.
These events encourage fast play and are meant to get people into the casino, where they might gamble their own money before and after the competition.
Googling “free slot tournaments vegas” turns up (at the moment) a couple options, including one tournament that cost nothing and has prizes of up to $500 in slot play (you may have to play it through a machine, and then you keep whatever you’ve won).
Even tournaments with an entry fee can be money makers, because the prize pool often significantly exceeds the total of the entry fees.
In other words, if you’re good, and you play in a dozen tournaments, you’ll probably win more than what you spent on entry fees.
7. Play A Biased Roulette Wheel
There are 38 pockets on an American-style roulette wheel, and a “straight-up” bet pays 35-to-1 when you win (plus you keep the bet). You can see that this is a losing proposition.
But what if, instead of each number coming up randomly 1-in-38 spins, some numbers came up more often than they should?
When I ran a roulette table one of my customers made a profit of $80,000 over the course of 16 months or so. I met him at a coffee shop after I quit, to get the whole story. Here’s the short version:
He wrote down the winning numbers for 5,000 spins (it took weeks). The number 2 was winning an average of 1-in-28 spins.
He bet $5 repeatedly on that number. On average, he lost $135 for every 28 spins (27 losses), but won $175 (35-to-1 payout) when the number 2 came up, for a net profit of $40 per 27 spins.
There are various possible reasons for a bias, ranging from a sticky pocket (temporary) to manufacturing imperfections (a more durable bias).
The good news is you don’t need to know why a certain number comes up more often to take advantage. You just need to verify that it’s a true bias (which takes thousands of spins).
I’ll let others teach you more about biased roulette wheels, but I’ll warn you that it’s tedious work to find one, and even with an edge you’ll have losing nights (my customer sometimes lost over $700 in a night, even though he was far ahead in the long run).
8. Identify A Roulette Dealer Signature
Some dealers may habitually (unconsciously) repeat certain patterns when they spin the wheel and the roulette ball, which makes the winning pocket more predictable.
My experience? On a slow night with no players a pit boss and I each chose a number and alternated spinning the wheel and dropping the ball, betting a dollar for each win
I came out $14 ahead in couple hours, meaning I spun my number 14 times more than he spun his.
So I strongly believe dealer signature is possible, and even gambling expert Frank Scoblete agrees, but how often it happens in real play, and whether you can take advantage of it… well, who knows? But here’s what you might look for…
Note the number passing by at the moment the dealer releases the ball, and note the winning number. After doing this many times (with the same dealer) look for a pattern.
For example, a dealer might be so consistent (in the speed of the wheel and the ball) that the ball lands in a certain “section” of the wheel (in relation to the release point) more often than it should.
If it lands in a section that covers a third of the wheel, but lands there half of the time, you have a signature.
Now it gets trickier. If the target section is, say, the 13 numbers starting 4 pockets to the left of the release number, you have to identify the release number and quickly place bets on as many numbers as possible in the target section, before betting is closed.
Could it work? If not casinos wouldn’t be so quick to change balls, change dealers, and move roulette wheels when it looks like people are winning. Where I worked they did all three often.
9. Use Casinos For Business Networking
I heard a lot of conversations at my tables. Sometimes they resulted in players getting new clients or developing new business relationships.
And I learned about how to make money from scrap metal from one such conversation.
It’s common for players to talk to other players at a blackjack or roulette table, which makes a casino a great place to network and find new ways to make money.
And watching how players handle those stacks of chips in front of them can tell you a little about whether you want to do business with them or not.
10. Get A Casino Job
In 1994 I was making $14 per hour dealing blackjack and roulette. A BLS inflation calculator tells me that’s the equivalent of $24 per hour in today’s dollars.
And, in fact, a friend who still works at that casino says she makes over $20 per hour.
Dealing table games is just one of the many positions you might find at a casino near you. One of my coworkers started as a surveillance officer with no experience, and used the knowledge and experience gained to later build a successful business selling surveillance equipment.
Other positions include slot machine tech, bartender, waiter, cage worker (handling the money), and pit boss.
Also, working in a casino usually means you’re forbidden from gambling there, which might be a good thing for some readers.
Save Money By Taking Advantage Of Casino Freebies
Some casinos have free events at which they put out snacks or even full meals. Other casinos offer inexpensive meals at their restaurants. Watch for these deals as a way to save money on a night out.
Even the free drinks offered by many casinos can make for a cheap night out if you know what you’re doing.
For example, my wife and I play 5-cent slot machines, set the speed to “slow” (keno machines usually have three settings), and, by the time we have lost a couple dollars we’ve had a few drinks and some fun.
Turn $60 Into $600 By Betting The Right Way
Maybe you like to gamble, and you’re smart enough to limit your losses. But how you play still matters.
For example, with a $60 bankroll, if you bet $5 per hand at a blackjack table you can often play all night, but you’ll never be very far ahead at any point.
That’s great if you want to sit there and enjoy the free drinks.
But to win big you need to make bigger bets at some point. For example, if you’re $20 ahead, bet $10 per hand, and if you get further ahead, bet $20 or $40 per hand. To summarize:
Bet the table minimum when you lose, and bet more and more when you’re winning.
Most of the time you’ll lose your $60 faster this way (because you’ll often those big bets), but it gives you a chance to win big from time to time.
I saw many people turn $60 into $600 over the years, and not one player did it by always betting the table minimum.
You have to “press your luck” to win big. Just be sure to bring a limited amount of money, so your losses are not a big deal.
You may like to gamble, and if you limit your losses, it’s affordable entertainment. Even better, if you time your casino visits to coincide with promotional events you might get some free food and drinks.
And finally, if you’re willing to do the necessary work, you can even make money in a casino, and without really gambling.
If you know other ways to make money in a casino, share your ideas below … and keep on frugaling!
What You Should Know About Roulette Systems
Roulette has been around for many years, and people have developed many different strategies that have varying success. You may read about some and hear that people have made a fortune from them, and naturally think that these are the ones to go for. But don’t be fooled. A lot of those claims can’t be backed up, and even if they can it doesn’t mean you will have the same success.
So what roulette strategy should you use? Here I’m going to explain in some detail why I think the Labouchere roulette system is arguably the best and be sure to check out more information on how to use it on the Labouchere roulette system page.Sign Up BONUS
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What Is The Labouchere Roulette System?
The strategy was first introduced by Henry Labouchere, a well-learned man born in London. An avid roulette player, Labouchere developed this rather complicated system using mathematical techniques, and it has become one of the more popular strategies among gamblers today. So why can it be so successful for you?
First, let’s see how it works – it uses negative progression where bets increase when you lose and when you win, you place lower wagers. It is applied only on the following outside bets – red/black, even/odd, and low/high and you can place the same bets during the entire session (for instance on odd numbers), or you can move the chips whenever you like. You also start by determining how much you wish to win during this gaming session. In theory, you need to win only a third of all spins plus two to get a profit. For instance, if you play 100 spins, you are expected to come with a profit after 35 spins (actually, the exact number is around 35.33 spins).
Perhaps the main benefit of this system is how versatile it is. After all, if I were to write about a roulette strategy that was only suitable for those with a large bankroll (the Martingale for example), it certainly wouldn’t be the best strategy for a lot of players (I’m not saying the Martingale is the best strategy for those with a large bankroll either!). With the Labouchere roulette system though, anyone can adjust how it works to suit their bankroll, their end target and how long they want to spend getting there.
Why This Roulette Strategy Is So Effective
I won’t get into too much detail here about how it works, as I have already written a detailed guide on how to use it, but I will explain briefly how it can be modified to suit you. In short, it uses some basic calculations to determine the size of your bet after each loss or win. You start by deciding on a target profit. Let’s say you have a bankroll of £100, and your target is to make a £50 profit in a relatively short period of time. Using this strategy, you should write down a sequence of numbers – their sum has to equal your target. Alternatively, you may try to reach the profit of £50 in several separate rounds.
If you are not confident in the strategy or in your luck, you might want to try a sequence like this – 0, 1, 2, 3. You can see how it may happen in a favourable round in this example:
Your profit at the end of each round (i.e. when the sequence is over) will be £6. Note how I’ve added a zero at the beginning to make the system slightly safer. For your first bet, you add the first and last number of the sequence, so your first bet will be just £3. Now if you wanted to reach your target a bit quicker, you could easily take this away, or of course, use a larger number. According to this method, you need to remove the 0 and the 3 from the sequence, in case you win. And your next bet is the sum of 1 and 2, so £3. If you lose, however, you add the lost bet to the end of the sequence, and you have 0, 1, 2, 3, 3. You can see in the following example a betting round where the number of wins and losses is equal:
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But let’s say you have a larger bankroll of £500, and you want to double your money by the end of the night. Then you could change this to create a more aggressive sequence that works exactly the same way but provides a much higher return. For example, you can take the sequence 10, 20, 30. Your profit at the end of each sequence here will be £60, and with fewer numbers, you can expect to achieve that more quickly. You could make it even quicker but produce the same profit by changing the sequence to 20, 40. In the example below, you can see how £60 can be won in a short round of only 9 spins. Even though you lose more times than you win, you end up with a great profit.
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So that’s one of the reasons why this system is so great, but there’s even more to it than that. There is also the fascinating statistic that you only need to win 1/3 of the spins +2 to make your profit. So out of 12 spins, you would only need 4+2=6 to make your profit. The longer this goes on, the better it sounds. For 60 spins, for example, you would only need 20+2=22 to be successful. Now, this isn’t the only system to offer this kind of statistic, but many others just aren’t as safe, or certainly can’t be made to be so safe as this one can. Or perhaps they take a long time to get you to where you want to be.
Advantages and Disadvantages of Using the Labouchere Roulette System
If you want to make money using one of the many betting systems for roulette, you will want a method which is relatively easy to use. And this is one of the very few issues we can find with the Labouchere – it does require you to write down your sequence of numbers. If you play in online casinos, this should not be a huge problem for you. However, if you prefer playing in land-based facilities, you may easily attract unwanted attention, although most casinos should allow you to use any system unless it includes the use of any technical devices.
Still, the calculations that you need to make are really simple and should not be any problem for you. You just need to stay focused and keep track of the numbers on your sheet of paper or in your mind. Another disadvantage of this system is that there is the risk of having a really long losing streak, which means that your bet will increase a lot. This is particularly risky when you are placing higher bets – you can easily waste your entire bankroll without being able to recoup. You can also reach the table limits in a relatively short amount of time.
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Nevertheless, the advantages of using the Labouchere system seem to outnumber the risks and pitfalls that come with it. One of the most compelling arguments is, of course, the fact that this method can be modified, adjusted and reshaped in multiple ways so that it is suitable and reasonable enough for you to use. You can make it extremely safe by starting the sequence with several zeroes, for instance, as in 0, 0, 0, 0, 1. In this scenario, your first several bets will be £1 even if you are losing. If you are winning and need to remove the number 1 (0, 0, 0), you can simply start over and bet £1 once again.
In fact, you can change the sequence of numbers in any way you wish – a target of £6 can also be expressed as 0, 0, 2, 3, 1 or 3, 3. The simple principle you should follow is to keep the bets smaller and the sequence longer for a lower risk game. If you are willing to play more aggressively, you can start with higher stakes and short sequences of numbers. You will risk more, but the potential wins are also much more attractive and can be reached much faster.
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In short then, the Labouchere, in my opinion, is possibly the best roulette strategy out there as it suits almost any player, whatever the goal. It is also a fantastic way to manage your money and reach your target profit. That being said, it is one of the more complicated systems out there and certainly takes some practice. Start off with a pen and paper, go through some scenarios in your head and think about what you want to achieve realistically with your budget. But with a sequence that suits you, I can definitely recommend this system.