Making money with online games is a bad bet

Chances are, at least once, while bored or trying to relax, you’ve played a game on your phone or tablet. Our phones allow us to get away easily when we have a few minutes free.

You can play all kinds of games for real money, from one-on-one Pac-Man matches to virtual slots. Some gaming sites allow you to make in-game purchases in exchange for the opportunity to earn cash. As appealing as it may sound, it’s best to approach with your eyes open to your chances of make money.

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Competition games

Companies like GSN and Dollar Candy support popular mobile games and turn them into tournaments. You can earn money or points in the app this way, but it is a lot like the game.

When you play a cash game on any of GSN’s properties, you have to pay cash for the chance to win money. These games have a low entry fee with the promise of a potentially higher prize for victory. For example, you can play a 90 cent game in Sparcade, one of GSN’s apps, for the chance to win $ 1.40. You can also play for higher stakes like a $ 3.75 game for the chance to win $ 6. To participate in gambling on GSN, you must load your account with at least $ 10. There is no guarantee that you will get your money back.

Dollar Candy is pretty much the same thing. It has a lower entry price, with some games as cheap as 9 cents, but games that cost more up front are less likely to net you real money. Even a mid-level game at an entry fee of $ 4.99 has a pretty steep drop. If you win the first place you will earn $ 10.18, for the second you will earn $ 5.27 and for the third place you will only earn $ 1.43. Subtract the $ 4.99 it costs to play, and you can see that even a good third place is a losing proposition. If you play a game of skill, such as a puzzle or solitaire game, these contests still have an element of luck for them.

Cash back game

If you don’t mind the uncertainty of this type of play, rewards sites like Swagbucks help you earn cash rewards. Swagbucks offers between 9 and 18 points for every dollar spent or earned in a partnership game, such as those from Slotomania and GSN. This works out to about 18 cents on every dollar, although you’ll get more value if you profit from Swagbucks sales. If you already regularly spend on GSN games and use Swagbucks, this could be a great deal for you. Otherwise, there are better ways to get money back.

There is nothing wrong with getting extra money for what you are already doing. But if you’re trying to get quick cash, or even supplement your monthly budget, look elsewhere.

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