Can I Make Money Gambling Online
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- Can You Make Money Betting Online
- Making Money Online Casino
Gambling for real money online isn't so different from a Vegas casino. Once you've decided on the best online casino for you, simply create an account, claim your welcome bonus, and make your first real money deposit with an approved banking method. Players put up a certain amount of money and the NJ online casino will match that sum up to a certain percentage (usually 100%) and amount. For instance, if a site offers a 100% match up to $1,000, then players who deposit $1,000 will receive an additional $1,000 in bonus funds.
“Las Vegas”, the only buzz that comes in the mind, whenever there is a hustle bustle around the word “Casino“. Although I have never traveled to that city nor America, but it’s a dream to see the gambling tables of Vegas.
But with the development of technology and boost of the digitization, the Vegas Casinos can now be played just by sitting at home. You can place bets, gamble anything, and you will get the exact amount of what Bricks and mortar Casino offers or may be even higher.
We all want to make huge income, therefore I advise you to play Online Casinos for real income by following all the instructions that I have mentioned in a much simpler way. For the Starters, you must have an adequate knowledge of the most popular and huge income generating online casino games: Blackjack, Roulette, Poker, online slots and slot machines.
Must Read: How to make money by Playing Games Online
Instructions on How to Make Money with online Casinos
Whenever I Publish an article on any online money making strategy, I always start with the basics. Skipping the first 3 points and implementing only the key method will never help you to understand the flow, and you will lose and never think about it. The instruction mentioned below if implemented properly and sequentially can easily generate quality income. So read carefully…
#1 Not a single online money can be made if you have a slower internet connection. And with Online Casinos, this follows strictly. Lots of Graphics, Animations, audio and videos are simultaneously working, and you will not want an interruption with the slow internet.
Gambling purely meant placing right bets at right time. It’s enough for you to imagine the importance!
#2 You may be multitasking, but playing online casino games requires some serious attention. Distractions like TV, music and even cell phones if avoided will help you to learn the game.
#3 Most important- Setup a fixed time and Budget. It completely depends on you, but I strictly suggest that you must maintain a tight schedule of both money and time whether you are earning huge or losing enough.
For example: If you have invested 200$, then placing bets of 50$ twice in a week is a good call. It may be small, but it’s for the Beginners.
Additional Guides: 7 Tremendous ways to make money with Podcasting
#4Research and only Research is the key medicine to make money online casinos. Different Casino sites have different layout’s, design, payment option and games and therefore you must try at least 4-5 Websites(as they are free to try).
Fraud and rogue Casinos are in bulk amount on the internet. So before given your credit card details, you must check out the authentication of these. You can see the list of legitimate casino website here.
#5Don’t be an Arabian Sheikh while investing in playing Online casino. You should start with slow(100$, as this is the minimum amount in most of the Casinos) and if things work out, you can spend much more.
#6 Read all the instruction and policies of the site(including payment procedure, threshold, time, their charges and anything that is written). It may take time(definitely it will) but will secure you and have a transparent image of the website.
#7Try out different games and see what is working best for you. In this way, you will enjoy and easily make money with online casino games.
2 ways to play Online Casino
Web Based:In this user have to sign in on the Website and can start playing. The only requirement is the browser that supports add-ons like Macromedia Flash, Shockwave or Java-like google chrome.
Software Based: You can also download Online Casino Software and then play with it. Compared to first one, this is the faster. Although, both of them requires an internet connection. You can choose according to your comfort.
Pros of Online Casinos
One of the highest Earning source on Internet
Requires much lesser time as compared to others
Do not require much technical knowledge, anyone can play
Cons of Online Casino
Be Careful, Casinos are always addictive, and most of the people are trapped in it.
Don’t choose Online Casinos as your only income or Primary income source. You may even lose your house(OMG!!)
Get prepared for the risk as this is always included in this game.
Final Words:
Although I have precisely mentioned the complete details to play online casinos for real money, still I would advise that you must gain some extra knowledge from other Sources as well. It definitely requires luck, but practice is the only thing that’s on our hand and with which we will improve. Lots of scams have also comes up recently, so you must also be careful with it. The only site that I have mentioned above is a pure legitimate site and is well researched by me and is used by most. So you can try that. And for other sites, just get updated with our recent blog post as my next article will be on 5 Best Online Casino sites
I hope you enjoyed reading it, and therefore must share this Article with your friends on Social Media
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Gambling is a 400 billion dollar industry. This means there are 400 billion dollars on the table to grab, placed by punters and bettors worldwide. That is the gambling pie. Now, grab a spoon and read how you can take a bite.
First, let’s say a few words about how the big guys work in this business.
The gambling industry is mostly made up of sports betting operators, casinos and poker rooms. These are the industry’s big winners, due to how games are stacked against players. Bookmakers make money due to vig, casinos are guaranteed to profit due to the house edge and poker rooms receive rake from every pot.
If you want to win big and constantly, you need to start a gambling business. No other way around. You cannot take a bigger cut of the gambling pie unless you are one of these companies. Even the most successful poker players and sports bettors cannot compete them in profitability.
Yet, these businesses are not one-man shows. Plenty of people work in the gambling venues, from dealers and odds compilers to marketers and public relations staff. They are real businesses with business plans that guarantee them a profit for offering a service to the public. That service is entertainment. Because that is what gambling is.
Entertainment.
For all that people to work and get paid their salaries, gambling companies need big cheques and margins. Otherwise, their business isn’t sustainable.
There are two ways to accomplish that: by either having bigger-than-average profit margins or increasing their turnover. Usually, brand new gambling companies go for the former. As they build up their customer base, they reduce their margins to attract more turnover and compete with the big guys. By the time a gambling operator generates sufficient revenue and net profit every year, their business is safe, as long as they don’t fall behind to competition.
Then, it’s a matter of how many more gamblers find their service attractive. The more they do, the bigger the cut for the company.
Either way, gambling companies are after punters’ money. Those 300 billion dollars. Gamblers are feeding the whole gambling industry. Even in poker where at first glance whales (wealthy bad players) lose to better, regular players. Note “regulars”. Eventually, those regulars will keep playing, paying rake on a daily basis, giving a portion of their winnings back to the poker room.
So, here’s how to stop feeding the gambling industry.
Stop gambling!
If you have been gambling, stop. Unless you are a winner, you need to stop. And since you are reading these lines, you have been losing money. So, stop losing money!
So simple.
Now that your bankroll stopped depleting, it’s time to understand the ins and outs of the gambling industry. That is known as the iGaming industry if you are gambling online.
In gambling, someone has an edge. It’s either you or the man on the other side of the betting line. That usually is the house, standing for bookmakers and casinos. That edge is either predetermined (think of roulette, where you are paid 35-to-1 on a 37-number wheel) or fluctuating (think of betting odds that move up or down).
The best way to comprehend the edge is a coin toss.
Imagine you bet on a coin flip, at less than even odds. No matter your choice of heads or tails, you are going to lose money, in the long run. You are betting on a 50-50 chance but only get paid less than double your money on each coin flip! Depending on how much less you are getting paid, your bankroll will withstand a certain amount of bets.
So, if I’m offering you 1.90 (decimal odds) for each coin flip, your money will end up in my pockets after 200-300 coin flips. That’s how you have been feeding the gambling industry. And that’s what the house edge is all about.
But how do I know how big is your bankroll?
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Risk management in gambling
Before you even think of beating the casinos or the bookies, you must understand risk management. Also known as bankroll or capital management, risk management will be the decisive factor in your success. No matter how much edge you gain over the gambling companies, bad risk management will make your betting bankroll evaporate.
If you are going to remember one thing from this article, note this:
Always risk maximum 1% of your gambling capital.
That’s easy to remember, right? Set aside a specific amount of money for your gambling habit and split it into 100 parts. No matter your gambling medium, you should risk no more than one part on each bet you are placing.
That’s pretty much it!
That would also get you in a safe distance from disastrous staking plans, like martingale systems. When the time comes, you’ll move up to more advanced staking strategies than flat betting, such as the Kelly staking plan. Until then though, stick to risking 1 per cent of your bankroll and you’ll be fine.
Remember that this rule applies to small and big bankrolls alike! So, your bankroll’s size doesn’t matter when it comes to risk. Size only determines how much money you will make or lose in currency terms.
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Find a gambling system
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Now comes the really tedious task of creating a profitable gambling strategy. Finding an edge in the market isn’t easy, I’ll tell you that. If it were that easy, and given the simple risk management rule I explained, everyone would be a winner. But you already know that only 5% or so of gamblers can make it pay.
In order for you to make money, someone has to lose. It’s a zero-sum game, where gambling operators also get their cut. Thus, we need to exploit the market, looking for leaks and biases, like the favorite-longshot bias . The average gambler follows specific betting patterns. You mustn’t do the same. Always do something different, always think different.
Be the first to … or be the best in exploiting a known fallacy.
Oh, and if you do, don’t let the world know unless you are after fame and reputation. Otherwise, your edge will diminish as more people will imitate you, and market finds its new balance.
Finally, don’t worry if your first betting system fails!
Be disciplined, stay on your toes and avoid burnout
So, by now you should have a viable system and know how much to bet on the next game. You are on your way to becoming one of the elite professional gamblers. What can go wrong?
First, you may not be disciplined enough to follow your own rules! Wouldn’t it be pity to lose money, after all that research and study? Yet, even reputable and notable sharp bettors may lose their discipline after a long losing streak.
Don’t be that guy.
Trust your proven strategy, stick to your risk management plan and always be prepared for variance. Embrace the drawdown and never question yourself at tough times, as long as you are doing everything by the book.
By the time you experience several months or years of successful gambling, there’s a big chance you feel… bored! Yes, believe it or not, no matter how much money you are making, doing the same, dull thing every single day, will get you bored. At first, making money from gambling seems like a dream. But like in every other business, routine will take the pleasure away.
Find the missed fun, by exploiting new markets, trying something new or improve your methods.
Finally, burnout is a serious hazard in all kinds of successful gambling. Take breaks, go on holidays, and enjoy your profits and hard work. Don’t let gambling consume you, no matter how big you are winning.
Enjoy life, because in the end, isn’t that the meaning of living?
Can You Make Money Betting Online
Let’s not hurry things up though. Most probably, you’re having a difficult time to break even to say the least. Winning in the long run seems too far away at the moment. Don’t despair. Stop gambling your money away, find an edge, forward test your system in paper and when you feel ready, do not risk more than 1% of your bankroll. I am sure, we’ll be hearing from you soon!
Making Money Online Casino
Below, you can find the five most recent articles I wrote about gambling.