The house doesn’t always have to win! Not at your expense, at least. Not if you change your approach at that online casino.Contrary to popular opinion, the game is not rigged, either. You can also end up with a net profit at online casinos, but you’re going to have to be strategic about your approach and remember that winning isn’t always guaranteed.
Take Advantage of Bonuses and Promotions
While it’s true that the more you play, the more chance you might have of winning, we don’t all have endless bankrolls to play with.
But you don’t have to do it all with your own money.
That’s why you should take advantage of bonuses and promotions. Several online casinos offer new and existing players bonuses, free spins, and promotions that translate to more funds for more bets.
With these offers, you get more chances to play, and potentially win, without staking your cash. But remember, while bonuses and promotions can offer you an edge, they can also become a disadvantage if not well approached. Most often have associated terms and conditions like rollover requirements, minimum deposits, maximum payouts, etc. Likewise, some can be for specific player groups like beginners or free spins might only apply to specific games.
Don’t just claim a bonus; check if it fits your player profile, favorite game, or other specific details, or you might be doing yourself a disservice and get caught up in complicated terms and conditions.
Understand RTP and Volatility
Two other metrics closely related to house edge are RTP (Return to Player) and volatility. They all indicate your winning likelihood based on past gambling outcomes.
The RTP percentage expresses the average fraction of winning bets relative to total bets at a casino game as a percentage. For example, a slot machine with a 97% RTP indicates that every $100 wager placed on that machine results in $97 being paid back to players while the house wins $3 on average. However, this doesn’t mean you will win 97% of your bets, as you could lose all bets with another bettor winning 97% of theirs. Instead, it represents the percentage of payouts to all bettors relative to the total bets placed, and is calculated over a huge number of games, not just 10 or 100.
Nonetheless, understanding this helps boost your winnings by showing you games with higher winning probabilities.
Conversely, volatility is a metric that describes a game’s win frequency rate and maximum possible wins. If a game has a high volatility, it means that winnings are not as frequent, but the possibility of winning a massive sum after multiple tries exists. In contrast, games with low volatility result in regular little wins.
Learning which type of game best suits your bankroll and playing style will help you make the best choice.
Learn Advanced Strategies
If you’re looking to come out with a profit, you need to do more than just understand the basic rules of the game.
Sure, you know how to play the game, but that’s not enough. You must go the extra mile to boost your online casino winnings. For a start, you need to pick suitable games.
So, what counts as a suitable game?
The suitable game for you has to be one that you’re excellent at playing and have a statistically higher chance of winning based on the house edge. The house edge measures a casino’s advantage in winning a game. It’s the difference between a game’s actual odds and the odds presented by the casino to the player.
In simpler terms, players statistically lose more at some games than others. Therefore, it is wise to play only games where players have a higher winning probability. These are games with a lower house edge.
Now that you’ve picked a game with a lower house edge, you’ll need a flawless understanding of the game rules. This knowledge helps you know what counts as a win to optimize for that.
To put the finishing touches on, you must approach these games with specific strategies to give you an edge. For instance, if you play blackjack in an online casino, you should focus on beating the dealer based on the cards you get. An advanced strategy for this is hitting until you have 17 or more points when the dealer’s card is an ace, 7, 8, 9, or 10.
Likewise, if you decide on baccarat, you should avoid placing bets on a tie. Depending on the online casino, they have the highest house advantage of about 10 – 14%. Betting on a banker or player has a lower house edge. There are more cheat sheets on the internet and in many books. Master them before playing to boost your winnings.
No matter how advanced the strategies might be, they won’t always work. So, you mustn’t focus on winning every game. Instead, you must see the playing field by effectively managing your bankroll. Remember, the goal is to end up with a net profit.
Bankroll management begins with setting a budget and sticking with it regardless of gaming outcomes. You can go as far as setting a budget for each game you’re interested in playing.
Next, you want to keep yourself in the game within your budget for as long as possible. To achieve this, you need to place only small percentages of your bankroll on each bet so that you can take more shots.
You should withdraw your initial deposit when you get lucky to continue gaming with your winnings. Say you deposited $200 initially and have grown that deposit to $500; you should remove the initial $200 deposit and continue gaming with the extra $300.
Know When to Stop
Finally, the lights always go out at some point, whether you like it or not. It’ll be much better if you’re the one who flips the switch off with cash in your bag instead of the casino with your money in theirs.
That’s why it is essential to know when to stop, whether you’re on a winning or losing streak.
You could do it intermittently during the game, after exhausting your bankroll, or after a stipulated time. Whichever way you decide, knowing when to stop helps you relax, refresh, and approach the game with a fresh perspective that’ll boost your online casino winning chances.