Making Money by Playing Online: Is It Possible?

Online gambling is continuously being listed on personal finance and “make money online” websites as a risky, yet viable way to make money. Which is strange, considering that the risky nature of such an investment. Whenever you dare to double your money, you are always at risk of losing it all. Of course, there is a chance that you will win, ending up with more money in your pockets that you started. Online gambling has been at the center of many discussions regarding its true nature. Some say it’s a dangerous activity, others consider it little more than casual entertainment, similar in nature to social casino apps – with the one big difference that playing at the Royal Vegas can indeed make players rich.

So, let’s put an end to all discussions on this matter once and for all, and see whether gambling online can be a viable way to make money.

Understanding RTP

Casino games all come with a metric called “Return to Player” (RTP) that shows players how much money they can expect to lose in the long term when playing certain game types. You’ve read that right – the money lost by the player is the profit of an online casino. At the Royal Vegas, the average RTP of all games is 96.7%, as shown by the casino’s independently audited data log files by the industry body eCogra. This means that players can expect to win back 96.7% of all the money they wager at the Royal Vegas – or, translated into layman’s terms, end up having $96.7 for every $100 played. This is, of course, an average value – slot machines have a less player-friendly average RTP of 95.99%, while table games can pay back as much as 98.41% of all the money wagered.

As you can see, player losses – casino profits – are built right into the game. And this is perfectly OK, considering that online casinos are entertainment venues – and entertainment is expected to be paid for.

It all depends on the game

Some casino games, online or otherwise, can be played for profit. Not only do they have a higher RTP but they also involve some level of player decision, which can bend the odds to the players’ favor. One of these is blackjack, a game available in many variants at the Royal Vegas Casino. Here, players have the advantage of being able to apply a strategy to win more hands, which helps them double – or multiple – their wagers in a round. While it takes quite a while to gather a considerable sum – the saying about winning some and losing some is especially true for casinos – you will be able to feel the satisfaction of winning, as well as seeing your bankroll rise with every session you play.