Can You Increase Your Odds in Online Bingo?

Bingo is pretty much all chance. For any gambling game to have strategy, you have to be able to make decisions after your bets have been placed. For example, blackjack and poker both allow you to make a multitude of decisions after the bets have been placed. It is these decisions that make it possible to implement any sort of winning strategy.

So the short answer is no, there’s really nothing you can do to gain an edge in bingo. However, there are a few things you can do to increase your odds of winning. I know, that sounds completely self-contradictory. Let me explain.

In bingo, you can increase your odds of winning by simply buying more cards in games that allow you to buy multiple cards. This does increase the likelihood of hitting a winning payout, but it doesn’t do anything to increase your expected value (EV).

For example, let’s say you want to play in a bingo game with $1.00 cards. The maximum payout is $500. If you buy one card and win the jackpot, you’ve just gotten a 500-1 payout. If you buy two cards, your odds of winning have just doubled! The catch is that you have paid $2 to play in this game. The payout is still $500, but you’re only getting 250-1 on your money.

250-1 still sounds great but over the long run, there’s no difference in expected value in these two situations. You win twice as often, but you also pay twice as much to play. If you played through both situations for a million years, your net profits would look exactly the same.

Buying multiple cards increases your odds of winning, but it doesn’t give you any kind of edge. You’re paying more to play, which means your EV remains the same. You could even buy 10 cards in that game and give yourself a 10-times better chance of winning, but you’re still getting the same EV.
A Few Bingo Tips

Something else you can do is turn on the auto-dauber feature. This doesn’t change the odds of the game in any way, but it does reduce the chances of you missing a winning call. If you find yourself playing 10 cards at once, the auto-daub feature is a must-have. You don’t want to miss anything important.

One other thing you can do is play every chat game every time you play. You see, most bingo sites host chat games down in the chat area. The chat moderator might ask trivia questions and give prizes to the first person to respond with the correct answer. This does increase your EV a little, but it doesn’t affect the actual bingo game.

And finally, don’t waste too much time when it comes to picking your cards. Bingo balls are drawn at random and therefore there’s no point in stressing out over picking the perfect cards. If you read around, some bingo strategy websites tell you to pick cards that cover a whole range of numbers. Other websites tell you to pick cards that share numbers.

Both strategies are equally likely (and unlikely) to win money for you. The idea behind picking cards that don’t share numbers is to get as many hits as possible. This may sound good in theory, but the problem is that you still have to get a full line to get a payout. Picking cards that don’t share numbers doesn’t make it any more likely that you’ll complete a line before anyone else.

The idea behind picking cards that share numbers is to maximize the number of spaces you get to fill in when the right calls are made. For example, you might have 5 cards that all go with high numbers. Whenever a high number is called, you get to daub multiple spaces across your cards.

This strategy also does nothing more than picking cards at random. The extra hits that you get from bunching up your numbers are mitigated by all the misses caused by not spreading your numbers. Long story short: the person who spends 2 hours picking the perfect bingo cards is just as likely to win as the person who picks cards at random.

BitCoin Poker – Is It Really a Thing?

It’s strange for an old-school guy like me to think that a virtual currency is being used to play poker.

I’m used to using what I’d consider traditional payment methods to fund my own action – cash, credit cards, and eWallets. A few months ago, I couldn’t have told you what BitCoin is if you’d sat down and patiently explained it to me for an hour first.

BitCoin poker is, really, a thing. A few poker rooms and other gambling sites are now accepting BitCoin as a payment method.

So what is it? And how is it being used to fund online poker accounts?
What Is BitCoin?

Bitcoin is a virtual currency invented in the year 2008 by a person going by the pseudonym “Satoshi Nakamoto.” The first mention of the currency was in a document sent to a cryptography mailing list made up of just a few people. Not much is known about the person (or people) behind the pseudonym, and they left the project altogether in 2010.

It’s interesting that the project was first mentioned among a small group of cryptographers – BitCoin was invented to exist without the need for a financial middle man. Taking banks and fragile world governments out of the equation produces a more stable and equitable currency, and it means that BTC (the currency’s acronym) are immune from seizure or asset freezing. Or so the theory goes.

So what is a BitCoin? You can’t hold one in your hand, in the traditional sense. It exists in the same way that an email exists – stored in a digital cloud. One important thing to note, for those of us used to fiat money, there is no FDIC or other insurance for your BTC.
Why Use BitCoin?

Here are some popular reasons suggested by blogs and message board posts:

BTC is crypto-currency, which means using it is completely private and anonymous.
Yes, transactions are recorded in a public log, for accountability purposes, but names of people involved in transactions are kept secret, hidden behind a generic wallet ID. There’s a dark side to this – goods can be bought or sold online and authorities can’t easily trace the people involved. That means lots of people are participating in illicit activity (see the story of The Silk Road for a perfect example) using this currency.

BTC allows you total control of your money.
Its value can’t be manipulated by any outside entity. Essentially, using BTC turns you into your own bank. The currency’s lack of physical production costs and non-existent need for storage makes it even easier to handle at the end-user level.

Big companies are bringing it into the mainstream.
BTC wasn’t well known until 2011, when the mainstream press got word of its early and rabid adoption by the Technorati. Now, thousands of businesses all over the world accept it as a mainstream payment method, including some surprisingly big names. You can buy your next Dell laptop with BTC, or shop for a cheaper alternative at Overstock.com. Cities saturated with tech geeks now have ATMs where you can exchange cash for BTC, and the other way around.
How Does BitCoin Poker Work?

The reason BitCoin struck me as so strange initially was simple – I am used to traditional (known as “fiat”) currency. So is everyone reading this – it’s what we’re used to, so any alternative feels a little strange.

The first thing a poker player who wants to use BTC needs to do is exchange their native currency for their new virtual currency.

The popular method of purchasing BitCoin is to deal with an exchange or brokerage. Exchanges are places where buyers and sellers are matched based on their bid criteria, while brokerages hoard large collections of BTC that they sell on-demand at a variable rate.

Exchanges and brokerages are pretty much identical for the end-user. It literally takes a minute or two to complete the transaction.

The BTC are then transferred to you through your unique Bitcoin wallet ID. Think of it as a hyper-focused email address for virtual currency. What’s neat about that is you can send money to anyone in the world using BTC, the same way you can send an email across the globe in a second.

Your wallet ID (BTC address) will be a randomized string of letters and numbers, anywhere from 27–34 characters long. That wallet ID is also the place buyers will send cash – which makes the whole email address analogy easier to understand. BitCoins can be sent or received from anywhere, or even sold among friends or in person.

Now that you’ve got your currency in your virtual wallet, it’s time to transfer it to the poker room of your choice. After confirming that the room you want to play at accepts BitCoin, simply send the appropriate amount to their wallet ID. It takes anywhere from a few minutes to a few hours for the BTC to appear in the receiving account.

As an added bonus for poker players, transferring with BTC is totally free, thanks to the virtual nature of the currency. It costs nothing to send and receive virtual money, so you shouldn’t expect any additional transfer fees from your poker room’s cashier department.

The Popularity Of Online Gambling – Top 12 Reasons Why Betting On The Internet Is So Popular

Internet gambling offers almost all of the appealing elements of traditional casinos, and additionally:

1. Gamblers can play in the comfort of their own homes – no need to go to a casino.

2. New players can learn how to play with step-by-step tutorials without feeling embarrassed that they do not know the rules (as compared to traditional casinos).

3. Online gambling websites offer exciting, modern interfaces that may be especially appealing to younger players and / or those who enjoy video games.

4. New players can initially bet with “play money” which eases the transition to making wagers with real money.

5. Online gambling (especially online poker) tournaments have produced champions who go on to televised poker tournaments – thus becoming idols for those who wish to do the same.

6. Online gambling websites often use celebrities for promotion and at times they even take part in the tournaments, which further adds to the glamour and excitement.

7. The online format of internet gambling allows for games that are simply not possible in traditional casinos.

8. Internet gambling provides an opportunity (albeit a very small opportunity) to win money from home.

9. Online gambling websites make huge profits and have large budgets for advertising.

10. Online casinos often have loyalty programs to encourage more frequent and higher bets.

11. Online gambling is typically faster paced than the games offered in a casino.

12. Younger players who would be turned away at a casino can lie about their ages and easily access online gambling websites.

What Reasons Do People Give For Gambling Online?

According to a study by the American Gaming Association (2006):

Convenience (48%)

Fun / excitement / entertainment (24%)

More comfortable (24%)

Able to win money (9%)

Anonymity & privacy (6%)

Explanations for the popularity of online gambling according to Wood et al. (2007)

Convenience, comfort and ease of internet gambling

An aversion to traditional land-based casinos

Prefer the pace and format of online gambling

Perceived potential for larger wins and lower costs to play