Have you ever wondered how much money a casino makes? A lot, apparently. The top Las Vegas casinos can bring in over half a million dollars daily (minus costs). For online casinos, there is no clear estimate. But it is safe to assume that the average successful online casino/sportsbook service can profit over a million a month at least. If casinos make so much money, that obviously means that people also lose a lot of money. In truth, a casino does not need to do anything more than just attract more customers. This is because nearly all casino games are profitable for the house by design.
Without making it too complicated, if a casino game has a positive house edge, that means you will lose more money than you win. If this is the case, then how on earth do gamblers make money? The short answer is that most of them do not make a fortune from gambling. The few that do make money do it in a very specific game they have mastered – usually something like poker. But what if you want to go for some less skill-heavy game, like craps or baccarat? In this article, we will look at one of the most famous strategies of betting in such games where skill plays little role: the D’Alembert strategy.
That’s why we always recommend that you sign up a few days before you’re planning to start playing. Jeetwin Withdrawal. Jeetwin withdrawals are easy and there are really only two things to keep in mind. The first one is that many Indian banks block transactions to and from online casinos. How to create a Jeetwin account in India? Creating an account with Jeetwin is similarly also very easy. Click sign up now at the top-right corner of the page, fill out the form with the required information. To finalise the process, read and accept the terms and conditions and then click the Sign-up button.
The Need For A Strategy
First off, what exactly is a strategy for betting? Let’s take roulette for example. About the best thing you can do to improve your chances is simply play a user-friendly form of roulette, i.e. European roulette. Other than this, it seems all you do in a round of roulette is cross your fingers and pray that your wager brings you moolah. Is it ultimately up to your luck? Yes. But that does not mean you can do more. Games like roulette are very ingeniously calculated to keep just enough leeway for the house. That is all that the house edge is about – making sure the house never goes in the red.
However, since there is the math to ensure house profitability, you can also do your own math. A strategy does exactly that. It is a mathematical approach to betting. Needless to say, the biggest part of a strategy is bankroll management. A good strategy is one where you protect your bankroll and still hope for steady profits.
The D’Alembert Strategy Made Easy
Like all betting strategies, the D’Alembert strat also offers you a pattern on which you can bet. To put it very simply, you increase your wager if you lose a bet, and decrease it when you win. So you put a multiplier to your initial wager amount, which has a linear increment if you lose, and a decrease if you win.
Here is a scenario to put that into a more concrete example. You are betting on evens on a game of online roulette. Let’s say you bet $1 on your first round, and then lose it. For the second round, you should bet $2. If you lose that, you should then bet $3 in the round after that. The idea is that at some point you will win – say, for example, you win in the 6th round. If you have lost up till now, you have lost $ 1+2+3+4+5, i.e. $15. If you win the 6th round, your total profit is $6. So that is a net loss of $9.
Does It Theoretically Work?
As we demonstrated in the previous scenario, the D’Alembert strat can have disastrous consequences. If things go really bad, you will lose a lot of money following this. But does the math at least add up in theory? The whole idea is that you go for a game with 50% RTP or thereabouts to apply this. So that means you will lose roughly half your bets, and mathematically, with a bit of luck, your wins will cover your past losses. But the issue is that the 50% RTP is a long-term average. You would need a boundless bankroll to actually match a global statistical average. Unless you are Jeff Bezos, that would be an ill-advised thing to do.
D’Alembert himself was an 18th century mathematician, so one would expect it to be theoretically sound. However, the D’Alembert strategy actually assumes that the odds of winning a break-even proposition goes up as you keep losing. This is basically what we call the gambler’s fallacy. In reality, all your bets have an independent chance. Moreover, D’Alembert strategy also cannot protect your bankroll – so it is best that you go for something safer.
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JeetWin Sport – India’s Best Sports Betting Site
Calling yourself the best isn’t a small thing. After all, customers will take your word for it and expect the best no matter your offer. JeetWin is one such bookie that claims it’s the best sports betting site and casino in India. As we’ve seen firsthand during our review, it surely has the mettle to prove it’s a great place for sports betting online.
Launched in 2017, JeetWin Sport offers a nearly impeccable list of sports and markets with plenty of promotions up for grabs. As an Indian betting site, it is available in Hindu and accepts INR – those are two big plusses in our book.
Thanks to brand ambassadors such as celebrity Sunny Leone, JeetWin enjoys a stellar reputation in India. There are three different platforms where you can bet on all the sports you can bet on cricket included.
Is JeetWin secure to play at?
The betting site is licensed and regulated by the government of Curacao, one of the finest governing bodies in online gaming. Additionally, the bookie has implemented advanced SSL encryption on its site that protects your private data and shields your transactions.
This should answer the question “Is JeetWin a trusted bookmaker?” question pretty nicely. If you need more assurance, you’ll find a lot on Quora about JeetWin. Spoiler alert – you won’t find many negative comments.
How to withdraw at JeetWin
JeetWin’s payment method list isn’t as rich as what other operators offer, but you get the safest & most secure options at your disposal. You have net banking via NEFT and IMPS, credit and debit cards, and Neteller and Skrill available to deposit and withdraw. Sadly, there’s no sign of Bitcoin, but we’re sure the bookie will add the cryptocurrency to the list soon.
The minimum deposit varies between the banking options – it’s Rs. 1,000 via net banking and Rs. 2,000 for the other methods. You can withdraw between Rs. 2,000 and Rs. 100,000 via online withdrawal. As mentioned, JeetWin allows you to deposit and withdraw in INR. As a matter of fact, it’s the only currency currently accepted.
When it comes to how to withdraw money from JeetWin, it’s pretty simple. The process may take 3-4 hours to 1 day depending on your preferred method.
Deposit | Min/Max Limits | Withdrawal | Processing Time |
---|---|---|---|
Net Banking (IMPS) | Rs. 1,000/Rs. 100,000 | Net Banking (IMPS) | Rs. 2,000/Rs. 100,000 |
Net Banking (NEFT) | Rs. 1,000/Rs. 100,000 | Net Banking (NEFT) | Rs. 2,000/Rs. 100,000 |
Neteller | Rs. 2,000/Rs. 20,000 | Neteller | Rs. 2,000/Rs. 100,000 |
Skrill | Rs. 2,000/Rs. 20,000 | Skrill | Rs. 2,000/Rs. 100,000 |
Credit/debit cards | Rs. 2,000/Rs. 20,000 | / | / |
The bookmaker doesn’t charge any deposit and withdrawal fees. However, only the two first daily withdrawals come free of charge – any subsequent request will be subject to a fee of INR 250.
JeetWin welcome bonus
All new customers can earn a cool JeetWin sign up bonus worth Rs. 1,000 they can spend in the casino or sportsbook. The best part about it? It’s a no deposit bonus you’ll get right after registration. Plus, it comes with genuinely low wagering requirements, so there’s no reason to avoid it.
Continue reading to see how the JeetWin bonus works.
- The promotion applies to all customers of JeetWin who sign up for the first time
- The no deposit bonus will give you Rs. 1,000 to play with
- Before you can withdraw any winnings, you must complete the wagering requirements which are set at 20x. That’s pretty lower than Guts’ offer which requires players to roll the bonus and deposit 30 times
- JeetWin will forfeit the bonus and any winnings associated with it if you don’t complete the wagering in a month
- The wager ratio for slot and bar games is 1:1
- Draw result, refunded and placed bets are excluded from the promotion
Sports betting at JeetWin
With three different betting platforms, the JeetWin sportsbook has one of the largest offers in India on record. The 3 platforms are called BTI Sports, SBO Sports, and UG Sports. You’ll be able to bet on a variety of sports including cricket, football, tennis, horse racing, basketball, and many more.
With over 400 games to bet on, football fans should pick the UG platform. The other two are focused on a diverse range of sports including cricket. Casual and experienced Indian cricket fans and punters will benefit from the BTI platform that offers a variety of cricket markets, both pre-game and live.
As mentioned, live betting is available (sans the UG platform), but there’s no live streaming at the site. The wagering minimums and maximums differ depending on the platform and the sport/event you bet on. Don’t worry if you’re a newbie – you should be able to place pretty low bets in each of the three platforms.
Cricket
Cricket is a religion in India, so it makes perfect sense for an Indian bookie to have it in its offer. JeetWin cricket goes a step further, offering a variety of cricket events to bet on plus live betting.
You can bet on the IPL, of course, or pick your favourites in other leagues and tournaments. It’s quite a detailed and extensive offer which is music to the ears of every Indian cricket punter.
The bookie follows the latest trends in regards to odds, so you can expect rock-solid odds and great winning potential.
Casino games at JeetWin
There’s a diverse cast of games in JeetWin’s casino index that spans slots and card and table games. All casino games at JeetWin have been provided by industry-leading game studios. Slots outnumber any other game in the lobby apart from offering the best payouts.
Hundreds of classic and modern slots await your spins in the library, and you can play them all for free or real money on your mobile phone or tablet.
Online slots
The list of slot providers at JeetWin is pretty long, so we won’t go into detail. We’ll just namedrop NetEnt, iSoftBet, and JDB – also known as the best of the best video slots providers.
You can pick from hundreds of slots with a number of reels that go from 3 on classics to infinity on modern titles. JeetWin’s slot machines offer great winning potential, especially when we’re talking about jackpots.
There are quite a few of these slots in the library offering wins you can’t imagine. It could all be yours with a single spin, so make sure to give them a try. The games are properly organized – you can browse all the games you can play for fun, featured or new video slots or the top-rated titles at the moment.
Live casino
Apart from all the regular casino games, JeetWin’s live casino features live variants with the great Sunny Leone occasionally hosting some of the games.
JeetWin’s brand ambassador appears as a live host from time to time and you can chat with her in Hindu. As a casino aimed at the Indian market, that’s a pretty key feature.
First-timers and casino veterans can sit at a number of live tables and place bets suitable for newcomers and high rollers. The JeetWin live casino minimum bet varies between the games. While you’re here, you should definitely check out the SEXY lobby for live casino too! Check out this spicy taster from their live baccarat table:
With Evolution Gaming behind the wheel, you can pick from a number of exciting HD streams of roulette, blackjack, and baccarat, with Sic Bo and Dragon Tiger waiting on the wings.
And, yes, the live casino is available on mobile devices – this means you get to enjoy a game of Immersive Roulette on the go.
Loyalty program & campaigns
JeetWin’s loyalty program is called Jeet Privilege and offers you the possibility to change loyalty points for cash. You can earn those points by simply playing the games. For example, registering gives you 2,500. Later, you will earn 100 for each 2 INR deposited.
As your credit gets bigger, you’ll move to higher tiers which bring significant rewards and privileges. JeetWin’s VIP program will treat you like royalty – there’s even a personalized vacation trip should you get to the final level (Kohinoor).
Ruby Tier VIP members get cashback bonuses once a month. That number is bumped to two for all members of the Kohinoor Tier.
Review of the mobile version
Jeetwin Sign Up Account
Unlike many other operators, JeetWin has developed 2 excellent mobile apps for Android and iOS devices. You can use the app on your iPad or iPhone for unlimited access to casino games and the three betting platforms.
It works much faster than visiting the site via mobile browser and the whole experience is simply more unique. Special navigation shortcuts have been added to simplify the navigation and help new users adjust easier.
If you love to bet on the go, JeetWin’s mobile app is a must.
Customer support
The customer service at JeetWin has been rated excellent by many players. You can contact the betting site via email, Telegram or live chat. Phone customer support is not available at this point, but we believe that the options at your disposal are more than enough.
Since the site is available in Hindu, you can get in touch with a Hindi representative and ask your questions in your native language. That’s a big plus for JeetWin and the reason why Indian fans love it.
Responsible gambling
Part of the Responsible Gambling initiative, JeetWin cares for its customers and lends a helping hand to whoever needs it. There are useful tips on betting available on the Responsible Gambling page that should help you keep your habit in control.
If you need any help, the bookmaker encourages you to speak to the customer support agents.
Our 5 cents why you should bet at JeetWin
Is JeetWin the best Indian online betting/casino brand? It is if you ask us. The betting site has more sports than you can bet on including cricket, plenty of promotions, and a great loyalty program. The customer service is top-notch, while the site also offers two excellent apps that allow you to bet on the go. Plus, it is available in Hindu and accepts INR – those two are huge plusses in the Pros column.
- Available in Hindu
- Accepts Rupees
- Three different betting platforms
- Live betting on cricket and the IPL
- Excellent mobile experience
Jeetwin Sign Up Page
If you want a great betting experience on your phone and a cool welcome bonus, don’t hesitate to join JeetWin today!