Online casino flaws, is it a scam?

[Sam kovacs]

Ace Cash System - Making You Easy Money Online

I ended up on this site. I read what it was about, installed one of the casinos, played in fun mode and won 300 Fake Euros.

Do you think it is a scam, that when you play in real money mode, it doesn't work or something stupid like that?

[chrisrushton]

i can't see why it wouldn't work for a real money game, unless there is a rake on the table (where the house takes a cut of the profits).

It seems to me that you can only ever make a profit of the unit you start off with. If you start with $1, you will only ever make $1 total, regardless of how much you bet. If you really wanted to make some money quickly, try betting $10k, then $20k, then $40k, then $80k, you will walk away with $10k.

i tried to do a standard analytical proof but got lost in the maths:

if p = 2^n - sum (i = 1 to n) a*i*n (which i think it is)

prove:

a = 2^n - sum (i = 1 to n) a*i*n

where a is the initial bet and n is the number of bets

you could very easily do a numerical version of this if you know a little about programming (or can operate a calculator )

it's a pretty lame way to make a living though...

[EddieT]

I'd be putting my money on it being a scam.

It seems that all the online casinos that are advertised by this site are owned by iGlobalMedia Entertainment Limited. It doesn't really matter to Ace Cash Systems whether you win or lose, so long as you sign up with any of these casinos they will get paid a referral fee.

The system of betting they tell you to use is called "The Martingale Betting System"
Martingale - Betting Systems

[philipnet]

I've got to be honest, the system doesn't work for me.
Perhaps it's the requirement to have 1,000 times as much in deposit as your first bet and the fact that I've seen 12 in a row red's whilst the system was telling me to bet Black!

My initial investment was £100; I was gifted £55 in bonus money and now have £151 in my account, although I have clawed my way up from £60. Anything I get from this I'll put toward beer money but as a system for loads of quick free cash; this isn't it.

[Brutha]

The system doesn't work as you can't double your bet as often as you want. At some place you can't bet anymore and have lost everything.

[Mynder]

The doubling your bet system is old as rain, and it cannot work because you will never have unlimited funds to double your bet (which you'd need to continue in every case), and table limits will prevent you from doubling up long before this happens.

"When something seems too good to be true, it probably is."

[EddieT]

The system is called the martingale system, it's a system that's been around for a long time and despite what Ace Cash Systems will have you believe you will not get kicked out of a land casino for using this system.

BTW, did you notice that all the casinos advertised on that page are owned by the same company? I wonder if that's just a coincidence.

[LWr]

It's most likely a scam.

The only way to exploit online casinos is through 'bonus whoring'.

It's pretty simple: deposit 100$, they give you a bonus of say, 100%, so you now have 200$ on the site. They always require you to bet x amount of money before you can cash out the bonus.

So you bet 1$ at a time playing 'perfect blackjack'. There is a way to play blackjack that gives you about 48% odds of winning a deal.
If you didn't get unreal unlucky, by the time you have met the betting requirements, you have something like 120-130$ left, and cash out (if at any point you are down to 100, you cash out, obviously).

A lot of sites let you do this with 400$ or more so within a few hours of play you can make a profit between 100 and 200 per site.

Since they only let you use their bonus once and a lot of online casinos are shady/scummy and don't pay off winners, you aren't likely to make more than 1 or 2k. Not to mention sites where the betting requirements are just too high.

I have personally done this for about 800$ profit ; just google for 'online blackjack guide' or something like that ; they have different strategy cards for every online casino.

[bluedragon]

Hm... interesting. I would only be worried that they will just take my money from the bank account and "disappear". I feel suspicious whenever I think about paying something to a dubious website, because I have no idea what I could possibly do in case they refused to pay me back. Of course, when I buy from Amazon or something like that, I don't worry, but online casinos...

As for winning at chance games, I don't consider it a matter of mathematical probability. What matters is who the player is, and if he deserves to win the money in that moment, in that game. I have a friend who always wins money at a casino here in Bucharest, and she can almost make a living out of it. She knows how to stop when it doesn't go well for her, and she knows when to bet. It's as simple as that. When you loose, you stop. When you win, you keep playing. If you loose more than you win, then you aren't supposed to be playing. There is no reason to believe that if you bet more and more, your luck will change. You just need to bet a little bit, and if you are to be successful, you will start wining, if not, it wasn't meant to be, at least, not that night.