1. Manage your bankroll
Just like playing poker or placing sports bets, never bet more than you can afford to lose! When you’re at an online casino your peers cannot see if you are high-roller or not, so don’t try to be what you’re not. Placing large bets and losing them will lead to chasing. Chasing your bets to recoup the money you’ve already lost is never a good idea, as you’ll almost always wind up losing more! Placing larger bets are required to hit larger jackpots, but at the same time you’ll ALWAYS lose more than you win in the long run. The house always has an advantage, and over time your net win percentage will equal the odds. For example, if a casino pays out 96% you can expect to have net losses totaling 4% of you’re total dollar amount bet.
2. Know the rules and payout structure for all the games you play
Most sites provide information on all the various games they offer. If you don’t know how to play a certain game and want to learn, this is always a good starting point. Make sure to learn the rules, betting structure, and payout before playing a game for the first time. If you can’t find information about the games a site offers, change to a new site. They do this so that you have no idea how to play, increasing their chances of taking your money!
3. Practice with play money
After you have read about a game, and you are interested in trying it, make sure to play it first with play money before betting your hard earned money. A little hands-on practice goes a long way in the casino world. I recommend doing this for every game you play – don’t give the house an even bigger advantage!
4. Play with confidence
A confident bettor is a bettor who understands the game he/she is playing, and does not get rattled by the ups and downs. Your emotions say a lot about your confidence level. Like poker it’s advisable to keep an even keel. Though confidence does not translate to wins, it does ensure that you are not giving the house another advantage.
5. Have fun!
Your casino experience should always be a fun one, win or lose. The house has the advantage in the games so it is unreasonable to assume you will always come out on top. Enjoy the excitement and thrills of the games!