Online casinos are a lot like land-based casinos, and some of the same bad ideas can hurt you in both. But there are also a few bad ideas that are unique to online casino gambling.
This article includes six bad ideas that cost online casino gamblers money every day. If you can eliminate these or do your best to avoid them, you’re going to get better results than most other gamblers.
The nice thing about bad ideas and gambling is that once you learn an idea is bad, you can quickly prevent yourself from following through. Or better yet, you can replace them with better ideas and save your bankroll some trouble.
Not Getting Online Casino Bonuses
Gambling for real money at online casinos offers some advantages over gambling in land-based casinos. The main advantage is that you don’t have to travel to start gambling. But this isn’t the most important benefit you gain.
In fact, the most important advantage to online gambling is the availability of bonus offers. You can use bonuses to build a bigger bankroll for gambling. And if you play the right games and claim the right promotions, they can help you win more in the long run.
But what you have to remember is that online casinos don’t offer bonuses to help you win. They do it to get more gamblers to sign up and make deposits.
How do you know when an online casino bonus can help you win in the first place? This is one of the most important questions you may be asking. You can learn exactly how to do this in the next section.
Getting the Wrong Online Casino Bonuses
Most online casino bonuses aren’t going to help you win. They just help you gamble longer. If your goal is to get as much entertainment as possible and you aren’t concerned with winning, then feel free to grab any casino bonus that you can find.
But if you want to get bonuses that actually help you win and cash out some earnings, then you need to know how to compare different bonuses.
The first factor you should look into is whether a bonus can be cashed out. You have to “clear” every bonus, but some of them can be cashed out after you clear them while others can’t. If you can’t cash out a bonus, it doesn’t help you win.
The next thing you need to know about each bonus is exactly what you have to do to clear it. These requirements almost always involve betting a certain amount of money.
Once you know the total amount that you have to wager, then you can determine how much you can expect to lose wagering that amount. You need to look up the house edge for the game you’re playing and multiply this percentage times the total amount you have to risk.
If the amount you expect to lose is more than the amount of the bonus, then the bonus isn’t going to help you win. But if the bonus is larger than the amount you expect to lose, then it’s worth claiming.
Risking Too Much Cash per Hour
Online casino gambling is dangerous in a few ways compared to gambling in a land-based casino. The main way that it can be dangerous is because you can play so much faster online. You’re in control of when to spin the roulette wheel and how quickly cards are dealt.
When you play real money video poker or slot machines, the speed is about the same. But when you play blackjack, craps, roulette, and other table games, you can play much faster online.
While most table games in a land-based casino play 50 to 100 hands or decisions every hour, the same games can be played at 500 or more hands or decisions per hour in online casinos.
That means you can lose five times as much money or even more when you gamble in an online casino over the same amount of time.
The easy way to fix this is to be mindful of your speed. Play slower when you gamble online. The other thing that can really help with this is risking less on every hand or decision when you play. Online casinos almost always offer lower wager limits, and you need to take advantage of these.
Gambling Online Without a Plan
I admit that I like to have a plan for just about everything that I do. Some people don’t worry about planning ahead because they enjoy doing things in the spur of the moment. But you should always make certain preparations when you’re gambling in an online casino.
If you don’t have a plan, and you don’t do the research on the best games to play, then the odds are good that you’re going to lose money more often than not. If you don’t have a bankroll management plan, then your gambling budget will likely dissipate slowly.
Thankfully, you’re going to learn an exact plan to follow about which games to play and how to play them in the final section of this article. But these aren’t the only things you need to plan for.
You need to decide exactly how much you’re willing to risk before you start playing. In fact, it’s best to decide exactly how much you’re willing to risk in an online casino before you even make a deposit.
You should also plan how long you’re willing to play, and win limit that you plan to cash out if you happen to hit a winning streak. This way, if you get ahead, you can stop before you lose your winnings.
Never Worrying About Security
In truth you don’t have to worry as much about this as you had to when I first started gambling online close to 20 years ago. But it’s still a bad idea to completely ignore security issues and measures when you gamble in online casinos.
The first thing I recommend is opening a bank account that you only use for online gambling. This way if something bad happens you only put this account and the money you put in it in danger. You insulate your normal account or accounts this way.
The next thing I suggest is looking up how long an online casino has been in operation before you make a deposit.
Finally, look for reviews about online casinos written by gamblers who have actually played in the casino.
You can also look for information about who licenses each online casino, but this isn’t always a good indication of how safe the casino is. Some of the most trusted online casinos aren’t licensed in jurisdictions that are known for hosting safe casinos.
The best thing you can do is use some common sense and not risk anything that you can’t stand to lose. Most online casinos are safe because they don’t have to cheat and steal to make a good profit.
Playing Online Casino Games Other Than Blackjack and Video Poker
If you want to know a quick way to get the best possible results for gambling in online casinos, all you have to do is follow a few simple steps. Of course, everything that you learned in the first five sections in this article still applies, but here’s the secret you need.
The First Thing Is to Forget About All Online Casino Games Except Video Poker and Blackjack
This might sound harsh and rule out your favorite game, but I’m not trying to spare your feelings. I’m giving you exactly what you need to do. These two games are the only good options if you want to have the best chance to win online.
The next thing you need to do is learn the best blackjack rules and the best pay tables for the video poker games you intent to play.
Now that you know how to identify the blackjack and video poker games that offer the best returns, the last step is mastering the absolute best strategies for each game. Strategy charts are a good place to start. And learning about card-counting systems will give you a decent advantage.
With these simple steps, you can rest assured that you’ll always be playing a game that provides the best possible return when you gamble in an online casino.
When you gamble in online casinos, you can’t afford to ignore bonus offers. Not all online casino bonuses are good, but you can still find plenty of good ones. The key is learning how to differentiate the promotions that are worth it from those that aren’t.
Even so, it’s best to keep in mind that online casino gambling can lead to risking too much of your money every hour if you don’t know how to avoid it. But with a couple of simple steps, you can eliminate this problem. Just learn how to manage your speed of play.
Finally, every time you gamble in online casinos, you need to have a plan. It’s also a good idea to take a few security measures to stay safe. Good luck!
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