We all go to online casinos with the vague hope that we will leave with more money than we started with. However, most people go into this expecting to have a good time but ultimately walk away with no money.
What if we told you with a few simple money management techniques and mindset changes you could drastically improve your chances of walking away with some money in your pocket.
Here are some tips for maximizing your money and your wins in online casinos.
#1 – Play the short odds (not the long odds)
This is a great tip for both casinos and bookies. While it is more tempting to bet on wild odds it is a lot more sensible to regularly play the short odds. And slowly build up your pot of winnings.
If the odds are 2/1 then you are more likely to win (even if it is a small win), than putting the same amount of money on something that is 20/1. It is better to double your bet than lose it.
You can also apply this thought process to betting on yourself. If your current draw on Black Jack is 18 the odds are not in your favor to take another card. By not taking a risk you are less likely to lose. And you must stop losing before you start winning.
When betting in online casinos you will win more by playing the short odds regularly rather than taking big risks on the long odds.
#2 – Place smaller bets
A simple way to increase your odds of winning is to place small bets.
The more bets you place the more likely you are to win. Therefore you are better off placing 2 $5 bets, rather than one $10 bet. In fact, the odds of winning would be even higher if you placed 10 $1 bets instead.
As we will mention in the next section, small bets, buy-ins, and jackpots are the secret to winning consistently in online casinos. The only way to win big at any type of casino is to win consistently over a good period of time.
This tip is particularly useful when you are playing slots. As playing on slots with a cheaper buy-in will allow you to play many more games.
On card games, you may feel like this is a bad idea, as you are making the jackpot size smaller, but in the long run, placing smaller bets will increase the amount of money you will win.
#3 – Choose smaller jackpot tables
When a table advertises large jackpots, it can be tempting to spend all your money playing on it. However, statistically, you are likely to win more money if you play on tables with smaller jackpots.
Tables that offer larger jackpots will have a bigger buy-in. This means you will get to play fewer bets before your money runs out. The fewer bets you place the less likely you are to win. So, placing smaller bets is the best way to win.
You will also find that there are fewer people competing to win the smaller jackpots. Which will, again, increase your chances of winning on these tables. Winning one or two small jackpots is better than winning no big ones at all.
If you’re looking for somewhere to try out these new tricks, visit this site.
When playing in online casinos you should play for smaller jackpots as they require you to place smaller buy-ins and have fewer people competing for the top prize.
#4 – Keep an eye out for offers and jump on them
One of the major benefits (aside from not having to leave your lovely home) of playing at online casinos is that they regularly make offers. This is something traditional casinos never do.
You will often see online casinos giving away free bets or spins as a signing up bonus, or to celebrate a major event or anniversary.
When you see casinos making these kinds of offers you should jump on them.
But do remember to read the small print. Most casinos will put a limit on what you can use your free bets and spins on, but will still allow you to win money with them. However, if you cannot use them on large jackpots, the free bets are a great opportunity to practice the games that you later want to bet on.
As we will mention in the next section, a good way to increase your chances of winning is to practice before you bet.
When betting in online casinos keep an eye out for free bets and other offers.
#5 – Never bet on a game you haven’t played before
This may sound like simple advice, but it is all too tempting to ignore when you are in the heat of the moment.
If you have never played a game before then you shouldn’t play for money. You are more likely to lose your money on it than make a profit. Essentially, you are wasting your cash.
There are many sites online that will allow you to play the most common casino games for free. Make the most of these sites. Use them to get the practice in and build up your skill set. Only when you are happy with your performance should you start playing for money.
These free online games are also a great way to sharpen your skill when it comes to games you already know how to play. A little practice every now and then won’t do you any harm.
If you are looking to maximize your wins and make the most of your money then you should stick to games you are confident in. As well as taking the rest of the advice we have given above. When you are on a winning streak it can be tempting to jump into something new, but it is best to resist that urge.