Many of us hope to make a good living with online casino games, but the bad news is majority of online gamblers are losing money at the tables. Whether it’s the flash casinos, or the downloaded casinos, you can make a living playing at online casinos if you follow these tips below.
The first step to make a living gambling at online dewapoker is to establish a betting bankroll. This is money you set aside that will only be used for betting at online casinos. Your betting bankroll should not include money used to pay expenses or money for a lifestyle and should only be about 1% to 5% of your income.
You will have to have a lot of discipline to make a living playing at online casinos because most players do not have any. The key is to set aside a betting bankroll and never bet more than you can afford to lose. This may sound utterly extravagant, but if you become obsessed with gambling you may end up betting everything you have, and there’s no way around that.
You should start betting with low stakes. You need to get use to losing, and accepting a 10% house edge as an inevitable part of the game. If you bet $5 on a single spin of the wheel, you need to have a bankroll of $150 or more in order to follow that strategy.
Always start with low-bet games, you may feel more comfortable betting $1 or $5. You can also choose to play with lower stakes if you’re a beginner. It’s actually better to play at higher stakes the more experienced you are, because you’ll have more experience to learn how to manage your bankroll if you lose all your money.
Once you build your bankroll to a point, you can move up to betting with higher stakes. Always make sure you’re comfortable with betting higher stake, because you’ll have to increase your bet again if you lose. A good rule of thumb is that the highest betting limit is equivalent to the highest single stakes game limit, so if you’re happy with your bankroll you can increase stakes by small amounts.
What not to do:
Try to bet on everything. If you have a large bankroll, you can make some potentially lucrative bets by betting on everything from horses to hitting the tickets on the backs of lovers to players. If you have a small one you can bet on everything from slots to football. It’s all up to you.
Don’t play with more money than you can afford to lose, and always quit when you’re ahead. Have a stop loss set in place, and stick to it.
Read up and Research
You’re bound to come across a lot of gambling systems that claim to be the very best, or the very worst. Reading up on them is a good idea, but you’re safer if you make your research via email or a library while you work on your strategy.
Keep your knowledge fresh so that you’re learning constantly. Books, websites, magazines, articles. The more you read about anything, the sharper you get. You’re lucky to have access to stacks of valuable knowledge and information, so if you’re going to succeed you need to get out there and get your hands on it.
Set aside a betting bankroll and never bet more money than you can afford to lose. This may seem obvious, but if you start to lose your stake you’ll actually begin losing money! Set a limit and stick to the budget, if you must, while gambling. Never chase wins, which brings nothing but failure.
You’ll also need to manage cash flow. Set aside a betting bankroll and put only as much cash as you need to gamble, and never touch it again once you leave the casino. If you cash out your winnings, put the money in a different bank account or consider putting it in your savings account, but always cash out and take your winnings directly out of the bank.