This might come as a surprise to many of you, but success in online gambling is not purely based on luck. Although a heated run of cards or jackpot spin is beyond your control, there are a few factors you can control to increase your chances of winning and also increase the longevity of your gambling money.
In this post, you are going to learn a few simple tips that are often employed by seasoned high-rollers to increase their chances of making money at online casinos. Without wasting time, let’s dive right into it.
Choose Games with a Low House Edge
You probably know that online casinos make their money by offering games that give them an edge over players. But the percentages of these edges is something that is less well-known. A smart gambler will choose games that have a low house edge to increase their earning potential in the long run. Here are a few games with low house edges:
We’ll not get into technical details here, but baccarat has a house edge of 1.24% when betting on the player and 1.06% when betting on the banker. However, you should keep in mind that wagering on a tie gives the casino a house edge of 14-15% depending on the number of decks used. Avoid the tie completely, unless, of course, you are just playing for fun.
This is an interesting game in the sense that a player who uses a good strategy can significantly reduce to under 0.5%. However, if you are a beginner, be warned that a player that is NOT experienced can give up an edge of about 5% with suboptimal play.
Unlike other casino games listed above, poker is played against other players. These players are not affiliated to the casino in any way. If you are looking to make some money, this is a great way to go about it as it means you could be the one with the edge. You only need to be a better player than your competitors.
Optimize Your Strategy
This is particularly important when it comes to table games. Using an optimal strategy will reduce the house edge and increase your chances of winning. Computing power has led to most of these casino games being solved, thus giving players who are committed to learning a few strategies a chance to level the playing field against the house.
NOTE: Many gambling sites offer unique side bets on Blackjack. These bets offer big payouts; however, you should not be deceived with these lucrative deals. This kind of bets usually give the casino a big house edge and lure players into making bad strategic decisions in the hope of winning big.
There’s going to be variance when it comes to online gambling. This can be described as a deviation from the expected outcome given the odds at play. Smart gamblers often protect themselves against this variance by only wagering a certain percentage (usually less than 1%) of their bankroll at any one time.
When you put this into practice, your bankroll should remain intact. You will experience less variance if you place more bets within your bankroll. However, this does not mean you need a big bankroll to gamble online. You only need to ensure that the size of your bets is relative to your bankroll.
In the gambling world, you have to use money to make money and using your whole bankroll on a single bet means you will not be locked out of future opportunities.
Take Advantage of Bonuses and Rewards
Nearly all online casinos offer bonuses for new players and loyalty rewards to regular players. These offers vary from one casino to another, both in terms of size and T&C.
Some online casinos will require you to wager the bonus a couple of times before you can withdraw winnings made from those bonuses. Although reading the fine print of these offers and comparing them might not sound fun, the difference could be a matter of hundreds, if not, thousands of dollar if you are a regular player.
It is important to take time to read this small print when looking for an online casino so that you can maximize the amount you win.
Only Play Fair Games
You don’t have to perfect your strategy if the games you will be playing are not fair. Randomness is a critical element in online gambling and not all online casinos are open and honest about their RNG.
With researched strategies, good game selection, excellent bankroll management, and a plethora of bonuses and rewards-all within a fair gaming environment-you can win some good money by gambling at an online casino. However, despite the fact that making money might be your priority, don’t forget to have fun. Good luck!