Bingo vs. Casino Action

Today you ponder, do I play bingo or do I play some go for some casino action. You have a few hours to yourself so how do you make the most of your free time and money. Let us consider your options.

If you choose to play slots and video poker, you can sit and hit a button over and over that says max bet and if you win, you get to hear all kinds of bells and whistles and watch your balance go UP UP UP. According to research, casinos often advertise that their machines have a 93% payback or a 97% payback, maybe even a 98% payback. Such a machine pays off 98 cents per dollar bet, giving the casino a 2% edge. If you feed $10 per minute into a 98% payback slot machine, you will lose about $12 per hour. But at the same time, the law of very large numbers (millions and millions of plays on a slot machine) guarantees that there will be lots of small winners and a few big winners. When you look around a casino you may wonder how there can be so many winners when you're always a loser. Actually, most of these "winners," just like yourself, become losers. Typically, depositing $50.00 into a casino account will last the average person approximately 45 minutes, but sometimes, you can win and win big!!!

In a casino the odds are set in advance depending on the game you play. Every bet can have different payoff odds but we can make some general statements. For most bets you can place on a roulette wheel, the "house edge" is 5.3%. That means if you play long enough you'll eventually start losing and your losses will average $5.30 for every $100 you bet.

Often gamblers on a winning streak will increase the size of their bets and go broke quickly. They justify big bets when they are ahead because they are "playing with house money." Please! Any money you win is your money. Re-betting winnings is called "churn" by casinos. Churn is the reason why any casino operator can sleep well every night. There aren't many gamblers who quit when they are ahead.

Unlike roulette bets, almost all of which give the house a 5.3% edge, craps bets offer a variety of house edges ranging from 1% to 16%. The pass line, don't pass, come, or don't come bets, backed up with odds bets whenever possible, give the house an edge of less than 1%. This makes it possible for you to have an exciting evening of playing craps because you may win often and when you lose, it seems like you could win on the very next toss of the dice. But don't be misled. Craps is a very fast game. You will probably still lose just as much per hour playing craps as roulette and go home broke.

If you choose to play bingo, on average, each bingo game will last approximately 6 minutes including time lapse between games. Most bingo cards will cost you anywhere from $.05 to $.25 and averages show most bingo players will spend $2.00 per bingo game. If you were to sit down to play bingo for 3 hours at the rate of $2.00 per game every 6 minutes, you would spend $60.00 if you had not won a single game. Meanwhile, while you are playing bingo, you will also be involved in chat games to earn some bonus bucks. Let’s assume on average you win $10.00 in bonus bucks for 3 hours of playing bingo. Now you have only spent $50.00 playing bingo providing you did not win a single game.

After careful consideration, you realize you have about $75.00 to spend and because you truly want to game for awhile, Bingo would be the best option. Playing bingo offers the opportunity to win money every 6 minutes (yes, it’s slower than casino action) but you can also participate in chat with other online bingo players and even win some bonus bucks for playing the games. Bingo it is!!!