Of all the hobbies – or professions, if you’re that way inclined – that you could be starting during the coronavirus crisis, online casino gaming may be one of the most enjoyable and potentially lucrative. If you’re going to start online gambling, though, you need to make sure you’re going about it the right way. There isn’t necessarily a “correct” method for online gambling, but there are lots of pitfalls that you can run into, as well as things you need to think about before you actually begin. Here are 12 things to consider before you start online casino gaming, either for fun or for work.
1. Do you have enough money?
While online casino gaming can pay off, it likely won’t do so if you don’t start with a reasonable bankroll. How much you need is up to you and will depend largely on how much you want to win. Generally speaking, you also don’t want to buy in for a poker game, for example, with more than around 2-3% of your overall bankroll. This way, you’ll limit losses. Make sure that your bank balance is looking very healthy so you can eat losses if they happen.
2. Will you have fun?
Gambling addiction is, unfortunately, a very real condition. If you have an addictive personality, then it’s definitely best to stay away from online casino gaming. There’s a very real possibility you’ll be able to play without becoming addicted, but taking that risk may not be the best option for you. Before you start playing online casino games, ask yourself if you think this is something that will be enjoyable or if it will quickly turn into an obligation.
3. Have you done your research?
One of the most important things about online casino gaming is to do your research beforehand. Knowing where you’re going to play – who pays out the best bonuses and has the best beginner incentives – is crucial. Sites like expertgambler.net should be mainstays in your browser when you’re first starting out, because they can help you discern between sites that are out to help you and those that simply want to take your money.
4. Is there anyone you can play with?
Playing online casino games with friends has myriad benefits. For one, you can look out for each other and make sure you’re not spending into more of your bankroll than you should. For another, playing casino games socially is simply more fun than playing them alone. If you’re wanting to play online casino games with friends without the risk, you could even check out social casinos, which are essentially the same thing but without real money involved.
5. What games do you like?
Everyone has different preferences when it comes to online casino gaming. Some favour poker, while others prefer roulette. Which one you like will depend entirely on your personality and past experience. Try playing a few for fake money or with demo accounts to get a feel for what you enjoy and what you’re good at. Poker rarely plays out like it does on the big screen; it’s more slow and methodical than that. It could be that you like the idea of certain games more than you like the actual games.
6. What’s your equipment like?
While you don’t need a top-of-the-range PC or amazing smartphone to enjoy the benefits of online gambling, you probably do need something that’s at least reasonably fast. 8GB of RAM is minimum for a computer, so if you’re playing on a smaller netbook, you might find online casino games laggy and unresponsive. Similarly, if you’re playing on an old budget smartphone, you might struggle to play some of the more visually busy and impressive games on online casino platforms.
7. Can you stop during a win streak?
When there’s real money at stake, a win streak can feel absolutely amazing. You just keep winning money and you can’t seem to stop being successful. However, the principles of gambler’s conceit – as distinct from gambler’s fallacy – suggest that many people don’t know when to stop during a win streak. You could fall from grace at any moment, so it’s important to know when to stop even when you’re riding high and feel like you’re on top of the world.
8. Can you stop during a loss streak?
Losing streaks can be even more potentially devastating than win streaks. Don’t get stuck in the gambler’s fallacy trap of “I have to win one, I’ve been losing so much”, because that’s not really how probability works. There’s every chance you could lose 10-15 games in a row, and while those games will eventually be compensated for over time, when there’s real money at stake it’s not really a risk you should be thinking about taking. Knowing when to stop is crucial in online gambling.
9. Do you have the time?
If you’re considering taking up online gambling as a career, ask yourself if you have the time to dedicate to it. The gambling industry is reasonably steady and tends not to take knocks even during recessions, but that doesn’t mean it’s the right option for you. In order to take it up as a primary career, you’ll need lots of time to work on strategies, while having it as a secondary career means you’ll be devoting quite a lot of your spare time to playing online casino games.
10. What do you expect?
Whatever you’re expecting from online casino gaming – whether it’s monstrous profits or an end to certain problems in your life – it’s best to leave your expectations at the door and take the experience at face value. There’s a chance you may not make quite the money you would like to make. If that happens, ask yourself what you’re in this for. Does online casino gaming mean profit only to you, or are you having fun with the experience itself? Managing expectations means you’ll have a better time in the long run!