Online casino games are a lot of fun to play, and they’re potentially profitable too, but we don’t think we’re giving away any secrets when we say that the house always wins. Over the long term, the casino will always get to keep a modest percentage of all money wagered on any given game. Should there ever be a game where this isn’t the case, you can bet your bottom dollar it will be withdrawn from the lobby just as soon as the accountants catch on.
That doesn’t mean that all players will lose money in every session, of course. Return to Player (RTP) percentages are calculated over the long term, so it is perfectly possible for players to have plenty of winning sessions or to win so much money in one lucky session that it makes losing sessions irrelevant. It is also possible for players to have plenty of losing sessions, depending on the games they play and how they choose to play them.
Session Length and Profitability
Because casino games are designed to work in the casino’s favour over the long term, we can conclude that longer sessions put players at a disadvantage. Most of us can confirm this through our own experience.
How many times have you logged in to your preferred venue, enjoyed a good few wins in the first half-hour or so, and then played on for another half hour and watched all of your profits go back to the house? Yes, it’s happened to everyone at some point, and it’s downright annoying. Why didn’t we just quit playing when we were ahead instead of ‘riding our luck’ until it ran out?
Enter the Hit and Run Strategy
The Hit and Run strategy is based on the common experience of winning early and then seeing those winnings dwindle as the gaming session continues. It isn’t a perfect strategy by any means (there is no such thing in casino gaming), but it is well worth experimenting with if you’re the kind of person who likes to take a strategic approach.
The basic idea behind this strategy is simple: Quit while you’re ahead!
To elaborate, the Hit and Run strategy requires you to set a modest profit target for each session, as well as a potential loss limit. You then play games that have a low house edge, and you play in a way that maximizes your chance of winning. Most importantly of all, you then quit playing the moment you reach your profit target or loss limit.
All of this might sound rather simple, and it really is. The problem is that most casino players don’t actually do this. Instead, they tend to make one of several all-too-common mistakes:
Riding Luck: Some players assume that if they get lucky at the beginning of a session, they should continue playing for as long as their lucky streak continues. Of course, they don’t usually accept that their luck has run out until all of their earlier profits have been handed back to the casino.
Chasing Losses: Other players assume that if they are unlucky at the beginning of a session, they should continue playing to give their luck a chance to turn around. These people figure that the house can’t continue to win, so they carry on betting and often discover that the house is perfectly capable of winning all night!
Dwindling Away Profits: Another group of players are wise enough to quit playing their chosen game when they get particularly lucky. Unfortunately, they then have a ‘quick go’ on their favourite slot or keno game to see if their luck works there too, only to find out that it doesn’t. These players are, therefore, just like the Riding Luck group, but they won’t view themselves as such because they were wise enough to step away from their original game.
Let’s be perfectly clear: casinos don’t care where you win or where you lose, as long as you lose over the long term. If you win $100 playing roulette and then lose $110 playing slots, the casino has won $10 of your cash. The fact that you were ‘up’ in the early part of your session is irrelevant.
Three Hit and Run Applications
With all of that in mind, we will now share three different Hit and Run strategies that you can use to try and hit the casino for a quick profit and then run before it has a chance to win it back.
Even Money Progressive Strategy
Find a game that allows you to place bets on even money shots, such as roulette or sic bo. Choose one outcome to focus on (Red, Black, Odd or Even in roulette, for example) and then bet on that outcome using the following staking progression: 1, 1, 3, 6. Stop after a winning bet on the first, third or fourth events or starting over after a winning bet on the second event.
For example, if you bet in $10 units and want to bet on red in a roulette game, you’d bet $10 on the first spin. If it loses, you’d bet $10 on the next spin, then $30 on the next spin, and so on, until you hit a winner or lose $60 on the fourth spin.
- If you hit a winner on the first, third or fourth spins, you’ll walk out of the casino with a $10 profit.
- If you hit a winner on the second spin, you break even. In that case, you can either quit and try another day or start all over again.
- If you suffer four losing spins in a row, you walk out with a total loss of $110. That’s considerably more than the $10 you’d get from a winning session, but that’s because you’re using an aggressive progressive staking strategy.
Even Money Flat Betting Strategy
This strategy is very similar to the previous one, but you bet the same amount on every event instead of following a staking progression. You set yourself a maximum amount of time for the session (30 minutes maximum) and a maximum amount of money that you are prepared to lose in the session (your session bank). At the same time, you set a modest profit target to aim for, such as 10% or 20% of your session bank.
If you reach the end of the session time, or you lose your session bank, you quit betting immediately. You also cease betting just as soon as you win your profit target, even if this is just ten minutes into the session.
The James Bond Strategy
Our final application of the Hit and Run strategy is to take a leaf out of James Bond’s book and place just a single bet on an even-money shot. If you lose, you quit betting and live to play another day. If you win, you take the profit and run.
The longer you spend playing casino games, the better it is for the house. For that reason, it makes sense to adopt a ‘Hit and Run’ approach and escape with a profit as quickly as you can. Play around with the idea and give it a try. It just might be a strategy that you come to love.