The Business of the Casino Apps

Casino Apps

Brick-and-mortar casino is a business.

Online casino is a business.

Mobile casino is a business.

One of these three is not a casino. If you said it’s the last one, you are correct.

Not to take anything away from it. The way things are going, I would not be surprised one bit if mobile casinos would overtake real casinos in revenue.

So, what kind of a business is a mobile casino?

A good one.

How Mobile Casinos Work

 Mobile CasinosGoogle Play, Apple Store, Facebook neither of those platforms allow real money gambling. So, the mobile casinos have built a proverbial Las Vegas out of small in-app purchases for virtual coins.

Not Bitcoin, which is virtual, but also very real. No. Virtual as in fake, worthless, game currency.

On most apps, in-game purchases range from $1 to $200, but rack up hundreds of millions of dollars in profits for the app owners.

You have to admit, it’s kind of amazing. And it gets even better.

No Fail Business

There is a lot that can go wrong for any business. But given the nature of the business that is mobile casinos, it’s pretty safe to call them fail-free.

Like I said in the introduction, it’s not a casino. It is an entertainment app that has casino-like games. Meaning that it doesn’t need a license to operate, to check with third-party auditors about game fairness, etc.

A casino MUST have all of that. Despite the loopholes, even minor deviations from payout ratios or unlawful operations could be catastrophic for the business.

Worth the Investment?

There are already massive networks that hold the vast majority of the market share.

It would appear that owning one 100-million-player app is an unmatched success, right? But Playtika, the operator of the hit app Slotomania, is also the owner of WSOP, House of Fun, Caesar’s Casino and a couple of more apps that are rising in popularity.

House of Fun screenshot

What does it mean for investors?

The market has been stabilized now, so you’re safe from big swings. But making money with a new app can be extremely hard.

It is worth looking at opportunities, for sure. Just be careful with unestablished, stand-alone apps. On the other hand, if you get one right in the early stages, you’d be set.

Playing Slots Make you Money (No, Seriously)

Slots Make Money

I know, it’s a big promise. But hear me out.

In its basic form, pull-spin-repeat, slots are one of the worst ways to play IF you have any hope of winning. It may be decent type of entertainment, but it is hardly an investment.

But for someone meticulous, patient, and careful, there is a way of making money on slots. A lot of money.

Negative for All or for Everyone Else

There is some confusion regarding the expectation you should have playing slots. It is true that slots is a negative expectation game. Every slot machine you play is required to give a percentage of what it gets back. But it’s not 100 percent. Usually, it’s not even 95 percent on the online slots. On brick-and-mortar slots it’s even lower.

Which means that no matter what your bankroll says, theoretically you lose with every spin.

But that’s it. It’s theoretical. Just because it’s negative expectation for everyone else, doesn’t mean it must be negative expectation for you.

You CAN be careful. You CAN use various special offers. You CAN leave while you’re up.

How do you do it?

Play for Free, Take the Money, Move On

Play for Free slotsIf you play for a long time, you will lose. That’s just how it is.

So, you can win if you make your sessions short. You win by thinking about it and by setting limits on your every action.

  1. You only use free spins and no deposit bonuses.
  2. If you are up $100 (set your own amount), you leave before you hit a downswing.
  3. If free spins don’t produce anything, you don’t take it to heart and move to another bonus.

For example, you join a casino. Use their promo code or special link (whatever they have) and get yourself some kind of a free bonus.

You play not to try games or relax.

You play to withdraw.

If you must play the bonus 15 times. Fine. Do it. If you’re up by then, you make a deposit (you will be required to), withdraw and move on to the next casino.

You may not become a millionaire this way (who knows?), but it you want to learn how slots work and build a small bankroll for yourself, it’s a pretty safe way to do that.

Four Low-Cost Online Business Opportunities

Low Cost Online Business

Oh, who of us hasn’t dreamt of investing in Apple in the 80s. Or at least the 90s.Or whenever! Life would be so much simpler.

Instead, you have to work in your day job, or build your own business.

That’s why today we want to encourage you to become a little bit more proactive. To start looking for opportunities and grabbing them.

Start a Freelance Business

Entrepreneurs hate examples of businesses where you exchange time for money. But you must start somewhere. And what if it’s really, really good money for doing something already know how to do?

You can find dozens of sites online with job ads specifically looking for a remote worker. At first the pay may not be spectacular, but if you get good at your craft and keep a good work ethic, you may be earning thousands of dollars every month.

Affiliate Marketing

social casinos Facebook SearchThe traditional way of going into the affiliate marketing is sticking to something you already know. Potential problems may be caused by a dying out trend.

Instead, you can go extremely deep into a niche (spearfishing gear), or jump on a rising trend. This might be something like a social casino affiliation. Facebook/mobile casinos have been blowing up, and collecting some nice profits.

Though low cost, it requires some effort. But then only sky’s the limit.

Garage sales to eBay

If you haven’t heard who Gary Vaynerchuk is, google him.

Gary Vaynerchuk Google Search

In any case, he’s been encouraging everyone to stop overthinking stuff and get on it. As a prime example, he films himself going to garages sales, picking stuff up on the cheap and then 3x-ing it on eBay and Craigslist.

If you’re interested, join his challenge and see how much you can make over a weekend.

Dropshipping

Remarkably, now everyone can start an online shop. No need to have piles of products stored in your basement.

The learning curve is a bit steeper than selling stuff on eBay but the scaling potential is amazing.

If you are not if a huge rush to make money, you can find a million of free resources on how to start making money via dropshipping.