Casino gaming might be a recreational activity, but everyone goes in hoping to make it big. To ensure you’re not gunning for the impossible, this guide will give you insights into the potential income you can make from various casino games, activities you can engage in to make money, and the importance of this knowledge.
Why it’s important to understand the potential income in the gaming industry
A clear picture of the earning potential of video gaming in the iGaming industry is crucial to help you stay grounded. While many people see casino gaming as a way to get rich quickly, understanding that there is no fixed revenue is a great way to ensure you don’t see casino gaming as a source of income.
Several factors influence how much you can make in the industry, and while you can make a lot theoretically, luck, skill, and RNGs play a huge role. In the end, one thing you should always remember with casino gaming is this:
“True luck consists not in holding the best of the cards at the table; luckiest is he who knows just when to rise and go home.” – John Milton Hay
How you can make money playing casino games
There are various ways to make money playing online casino games, but you must ensure that any method you choose is legal in your country. Among the options available, these are the most popular:
- Real money gambling
- Affiliate marketing on the side
- Become a streamer and monetize your casino gaming sessions on channels where it is allowed.
- Sponsorships from online casinos, like social and sweepstakes sites
- Participating in online casino tournaments
How much money can you make from casino games
The amount of earnings you can make from casino games typically depends on how much you’re willing to wager, considering there are casinos that accept $1 deposits, mentioned in many reviews. Although there are unique cases (progressive jackpots) where a $10 wager might earn you massive returns, most casino games require significant wagers for decent returns.
– Slots
As you can see from the StoneVegas Casino review, the sites do not have a fixed amount that players can earn when playing slots, which makes it fun to play. Since each slot title is unique, the developers determine the maximum payout. Plus, some slot games feature progressive jackpots that keep growing until there is a lucky winner.
In the case of Mega Moolah, the maximum payout reached a record-breaking $20,062,600. So, if you’re lucky, you might make over a million dollars playing slots or find yourself struggling to hit the $1,000 mark.
– Black Jack
There are several variants of Blackjack, but the best payout you can get is available if your hand consists of a Blackjack (21). Online casinos allow you to find games that use the 3:2 payout or 6:5 payout for blackjack, so it’s up to you to make the right choice.
The 3:2 variant offers the most payout for getting a Blackjack since you’ll receive a payout of $1.5 on a $1 wager. On the other hand, the 6:5 variant only pays out $1.2 on a $1 wager. So, if you place a $100 bet on a game, you can make up to $250 if you’re dealt a Blackjack.
– Poker
The amount of money you can make from a poker game typically depends on the size of the pot. So, if you get a strong hand like a Royal Flush, you will receive a significant portion of the total bets.
Depending on the poker variant, the payout for the royal flush may be linked to a progressive jackpot, while it may be set to a 500:1 payout on an Ultimate Texas Hold’em variant.
– Baccarat
Baccarat is another table game with several exciting variants to pick from. Depending on the variant you choose, the bet types and payouts will vary. However, in most common baccarat games, placing a tie bet often rewards you with an 8:1 payout.
In unique baccarat games, you can also place a Dragon Bonus bet whose payout can increase based on the win margin. For instance, if you win the game with a nine-point margin, you will receive a 30:1 payout.
Despite the potential for massive payouts, you should note that some casinos limit the maximum win on a baccarat game. So, you may find out your winning is capped at $250,000 or $500,000, depending on the casino you visit.
– Roulette
In a game of roulette, you can make up to 35 times your wager with a straight up bet. This is the highest payout in the game, but it’s also difficult to predict.
With a straight up bet, you place a bet on a single number. So, if you place a $1 bet, and your prediction is correct, you get back $36. Assuming you place a larger wager, say $100, you can win up to $3,600 with the right pick.
Conclusion
“The house doesn’t beat the player. It just gives him the opportunity to beat himself.” – Nicholas Dandolos (Nick the Greek)
Playing casino games for an income can put massive pressure on you, since the payouts aren’t predictable. Instead, focusing on gaming for entertainment remains the most ideal approach. However, if you must profit from casino gaming, then finding other avenues like content creation, streaming, and getting brand partnerships might prove to be more effective.
