We have been gambling in online casinos since they were first introduced, back when Microgaming had yet to venture into the world of licensing and were the biggest (and only) online casino on the market. We don’t have any “secrets” to making money, simply because there is no easy or guaranteed way to do this. We do, however, have some tips and tricks that we have picked up over the years, and in this article we will pass our expertise onto you.
Find the Right Casino
The first step, and the most important one, is finding a casino that gives you what you need. You might think that as long as you find one with some decent software then you’re okay, but that’s not the case. The new member bonus alone also should not be the only sign you look for in a good casino. The most important aspect of an online casino, when looked at from the perspective of someone who gambles a lot of money on a regular basis, is the loyalty scheme.
For us, you just can’t beat Spin Palace in this regard. There are some other great online casinos out there, but this one tops the bill across the board and also excels with its loyalty club. This generous scheme will pay you cash for regular play, ensuring that losing streaks are lessened and winning streaks are boosted. If you climb the ladder in the Spin Palace Loyalty Club you will also be entitled to VIP tickets, your own support team, gifts for you, gifts for your friends and family, tickets to sporting events, music concerts, and much more.
There is also a big new member bonus here, one of the biggest around in fact, but the loyalty scheme is so generous that it pays more to be a loyal member than it does to be a new one. That and only that is what you should look for when joining an online casino.
Find the Right Games
Regardless of whether you prefer table games, slots, scratch cards or number games, no two games are the same. The slots, for instance can differ great variety, with fluctuations of between 5% and 10% on the house edge. The payout percentages and house edges can be found for the biggest developers, but a good rule of thumb is that anything with a progressive jackpot tends to have a lower house edge (they need to generate that extra cash from somewhere), and anything that looks very generous, is probably not.
The most basic of blackjack games have the lowest house edges, the most plain looking slots have the highest payout percentages and you’ll have more chance on basic games of craps, roulette, baccarat and more than you will on games that come with a range of bells, whistles and side bets.
Don’t Get Caught up with Loyalty Watching
Although the loyalty bonus is a big part of your success in an online casino, the last thing that you want to do is to keep checking your points. If you do this you might get frustrated at how slowly it moves and you might feel tempted to increase your bets. If you start betting big just to get a higher rebate, you’ll take the first steps on a very slippery slope.
Ignore it completely and treat it like a bonus, something that you stumble onto once every few months and then discover you have enough points to convert into “x” amount of cash. The more money you bet and the more often you gamble, the more you can check. Even high-rollers should limit themselves to one every couple of weeks though.
Know your Streak
This is one of the things with gambling is that many get mixed up. The majority tend to gamble more when they are losing and less when they are winning, taking heed from the saying “quit whilst you’re ahead.”. If you’re playing games that have an element of skill, such as poker or blackjack, then you need to continue when you’re winning and quit when you’re behind. It’s either going to be your day or it’s not, and if it’s not then shut up shop and wait for another day. If it is, keep going until the grey clouds begin to form, at which point you can call it a day and collect your winnings. Under no circumstances should you wait for a big winning streak to turn into a big losing one.
Set a Budget
This is more about stopping yourself from becoming an addict than helping you to win big money, but it works both ways. If you lose more than you can afford, then you might go down a slippery slope that sees you make reckless decisions and take big gambles. If you stick to a strict budget and are well within that budget in any given month, you may be more inclined to tighten your belt and play safe. It’s all about having the right mentality, because much of online casino gambling is down to psychology and luck, as opposed to experience and skill.
Find out how much you can afford to lose in any given week or month. You want a figure that will not affect your bank balance greatly, something that you will not miss. If you only have time to gamble once a week, then set a monthly budget, if you gamble several times a week, set a weekly budget. Whatever you do, make sure you stick to it.