Interested in online gambling?
Who wouldn’t want to give it a shot? Due to the pandemic causing restrictions everywhere, it’s no surprise that online casino gambling is at an all-time high.
However, you shouldn’t simply jump on the bandwagon because others do it too. Before you sit in front of a computer to gamble, you need to know what you’re stepping into.
It’s not as easy as picking a game and betting some cash.
Fortunately, we’ve got 9 crucial gambling tips below that will help you succeed. From finding the right online casino to general gambling strategies, our list will walk you through it all. Read on below to learn more:
1. Pick Online Gambling Sites Carefully
Start by picking the right online gambling sites. There’s a lot of them easily available, and it’s tempting to hop right into the first one you find. However, not all online casinos are the same.
Take time reading reviews. Learn from previous players about their experiences with that gambling site. How much are the buy-ins, what were the bonuses given, and were there any questionable conditions?
If it seems overwhelming, start with a list narrowing down your options to the best sites available. You can check out PokieListings.com for a good list to start with.
2. Study the Bonus Terms and Conditions
How do online casinos grab players’ attention? They often do so with three things: big winnings, progressive jackpots, and enticing bonuses. That said, you need to read the terms and conditions regarding those bonuses.
For example, you might not be able to claim a bonus until you’ve spent a certain amount of cash in one game. You might not qualify for the bonus until you’ve hit a specific winning rate. These blockades might prevent you from enjoying the bonuses you initially signed up for.
3. Don’t Forget the Welcome Bonus
Most online casinos require you to sign up. This involves registering with an email address and your credit card. The good news is that they also reward new players with a welcome bonus.
Not all welcome bonuses are the same; some give you free cash to gamble with, while others only give you tokens to try out some games for free. Either way, these small bonuses are there to boost your appetite and encourage you to keep playing.
Grab those bonuses before you try anything else!
4. House Edge and Volatility
When it comes to gambling for beginners, there are two terms to get comfortable with. The first is the House Edge and the other is a game’s Volatility.
House Edge refers to the casino’s slight advantage over the player. It’s your loss expectation in comparison to what you initially bet. This small percentage is what gives casinos a higher probability of winning, increasing their profits.
Volatility, on the other hand, refers to how wildly winning and losing swings go for a particular game. A high-volatility game means you can win big and then lose a lot in only one or two rounds.
For beginners, it’s always safer to pick a game with a low house edge and low volatility.
5. Start Slow
Take your time when playing and don’t bet big right out of the gate. Start slow and get to know each of the games offered in the casino. Every online casino has a different way of doing things, so use up any free chips or bonuses to explore.
Even if you have the cash to play with, don’t bet everything all at once. Play the games, get a good feel, and wait until the house edge and volatility are in your favor. This ensures you don’t lose everything in one go.
6. Read the Withdrawal Limits
Did you know some casinos don’t allow you to withdraw everything? They can implement withdrawal limits, depending on local and national laws. Some put withdrawal restrictions to prevent people from cheating the system.
For example, some online casinos might only allow you to withdraw $4,000 or $5,000 a week. If you win more than that, you’ll have to wait until the next week to withdraw again.
There is often only one exception to this limit: progressive jackpots.
7. Keep an Eye on Progressive Jackpots
A progressive jackpot continues to grow until one player meets a specific condition. Players keep adding money to that pot, which makes it more lucrative.
Take a game of Texas Hold ‘Em poker, for example. The game proceeds as normal but with every game, some of the chips pile on the progressive jackpot. To win it, the website might require a player to win a match with a royal flush.
Winnings from progressive jackpots are more difficult to attain and are often quite a sum of money. This is why most websites exclude these from the withdrawal limits.
8. Take Time and Study Strategy
Some online casino games rely purely on luck, the house advantage, and the volatility rate. Other games, however, allow players to develop gambling strategies to win.
Playing five-hand poker? Don’t jump right in with the big boys at a high-stakes table. Read about different tips, hop on YouTube to watch professionals play, and discuss tactics with other players.
Only by doing so will you increase your skills. Luck will still play a large part in winning or losing, but you now have more control over each game.
9. The Three Limits
One of the best gambling advice is to set limits. This prevents you from spending too much and walking away empty-handed. There are three big limits to help control gambling habits.
Set your win and losses limits. If, for example, your win limit is $1,000 and you reached it, it’s time to stop gambling. If your loss limit is 50% of your initial bankroll, don’t try to keep going to win your money back.
The third limit is a play-time limit. Limit yourself to play only for an hour or two a night, for example.
Follow These Gambling Tips Today
These gambling tips will help you better understand online casinos and how to win. Study different strategies, take advantage of low house edges and volatility rates, and always read the terms and conditions!
Of course, you shouldn’t stop learning here.
If you loved this list and are looking for even more informative guides, check out our other posts. We cover everything from online gambling to business, technology, and lifestyle topics!