Online gambling is a lot like an untamed steed: if you don’t know what you’re doing, it can be scary.
If you do know your way around the tables, though, you open up a world of possibilities. Though they’re mostly a way to pass the time, casino games are also a chance to make serious cash. Like taming a horse, it all comes down to skill—and a little luck.
Not sure where to begin? Here is our list of seven actionable tips that will help you make money on online gambling.
1. Pick the Right Casino
The great thing about online casinos is that they’re available everywhere. If you feel like it, you could start your online gambling journey today!
That said, which gambling site should you choose? There are thousands of them out there, and they all claim that they’re the best one. The only way to make sure an online casino is safe is to do your research.
Start by taking a look at things such as safety, licenses, and available payment methods. Make sure that the site has a good reputation when it comes to paying its customers. If it takes them weeks to send a bank wire transfer, look elsewhere.
You should also check out reliable sources for reviewing online platforms. For example, going to gambling can tell you a lot about whether a casino is worth your time. If you have friends who dabble in online gambling, ask them for an opinion as well.
2. Practice Budget Management
Want to ensure that online gambling stays entertaining? Set your budget and stick to it no matter how badly you’re doing.
Beyond that, you should also try to develop good gambling habits. One way to do that is to only place wagers that represent a small percentage of your bankroll. For best results, keep your bets less than or equal to 1% of your total bankroll.
Why is this important? Simple: bets that account for a large percentage of your bankroll are more likely to get you in trouble. If a minor streak of bad luck is all it takes for you to lose all your money, it’s time to rethink your strategy.
3. Consider the Bonuses
Welcome bonuses are a key part of online casinos. That said, some of them are much better than others.
For starters, all bonuses come with certain terms and conditions. One common term states that you need to place a specific number of bets before you can withdraw the winnings. Other bonuses are only cleared by playing slots or other bad-odds games.
Before committing to an offer, read all terms and conditions carefully. It’s easy to overlook things like limits on progressive wins or weekly win limits. If you’re choosing between a large bonus and a high-percentage match bonus, go for the latter.
4. Learn Basic Strategies
Many casino games depend on the luck factor. Others—such as blackjack—require you to have the right strategy to make a profit.
For online blackjack, in particular, it helps to have the basic strategy chart handy. You should only play single and double-deck blackjack, as they come with the lowest house edge. If you can swing it, play at a casino that pays 3:2 on a natural blackjack instead of 6:5.
Regardless of which game you play, don’t fall for betting systems. In the history of gambling, no human has used a betting system to beat a casino consistently. Some systems—like Martingale—are actually detrimental, as they force you to make bigger bets.
5. Find the Right Game
Online casinos offer hundreds of different games. Popular choices include poker, blackjack, slots, keno, roulette, baccarat, and so on.
If your goal is to make as much cash as possible, you should find a game you like and master it. If you’re not sure what you like, most casinos offer demo modes. This feature allows you to learn how to play specific games without having to invest your own cash.
Try to choose a game that offers the most value for your money. For example, consider the difference between European and American roulette. The latter has a “double-zero” slot, which doubles the house advantage and makes you lose twice as much.
6. Acknowledge Tilt
When it comes to online gambling tips, knowing how to recognize tilt may be the most important one.
See, having the right strategy is only half of the battle. The other half is not letting your emotions control your play, which often leads to bad decisions. Tilt makes you take new deposits, place bigger bets, and risk more money than you intended.
To combat tilt, you must first understand how to recognize it. Getting angry, desperate, or frustrated while gambling is a surefire indicator of tilt. If you find yourself in this situation, learn how to step back and do something else for a bit.
7. Keep Your Sessions Short
On top of the budget limit, you should also set a strict time limit. As a general rule, long gambling sessions are bad news.
The main thing that will make you want to keep playing is getting influenced by the gambler’s fallacy. Many people believe that a streak of reds on roulette means that black is “due” to hit in the next round. Don’t fall for this trap and end your games on time.
On the other hand, don’t let the time limit influence your decision-making. One great thing about online gambling is that it gives you all the time you need. Think through each bet and make the right decision instead of playing mindlessly.
Other Online Gambling Tips
By keeping the above tips in mind, you should have a much better time at the tables. Remember, your luck is what you make it.
One final piece of online gambling advice: keep things in perspective. Gambling can be a good way to earn cash, but your priority should still be to have fun. If it starts consuming too much of your time, take a break and come back the next day.
Want to know more about the history of online gambling? Interested in more poker and blackjack tips? Keep reading our gambling-related content!