Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Dow Stock Market Trend Forecast Into Mid 2022 - 4th Dec 21
INVESTING LESSON - Give your Portfolio Some Breathing Space - 4th Dec 21
Don’t Get Yourself Into a Bull Trap With Gold - 4th Dec 21
4 Tips To Help You Take Better Care Of Your Personal Finances- 4th Dec 21
What Is A Golden Cross Pattern In Trading? - 4th Dec 21
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - Part 2 - 3rd Dec 21
Stock Market Major Turning Point Taking Place - 3rd Dec 21
The Masters of the Universe and Gold - 3rd Dec 21
This simple Stock Market mindset shift could help you make millions - 3rd Dec 21
Will the Glasgow Summit (COP26) Affect Energy Prices? - 3rd Dec 21
Peloton 35% CRASH a Lesson of What Happens When One Over Pays for a Loss Making Growth Stock - 1st Dec 21
Stock Market Sentiment Speaks: I Fear For Retirees For The Next 20 Years - 1st Dec 21 t
Will the Anointed Finanical Experts Get It Wrong Again? - 1st Dec 21
Main Differences Between the UK and Canadian Gaming Markets - 1st Dec 21
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - 30th Nov 21
Omicron Covid Wave 4 Impact on Financial Markets - 30th Nov 21
Can You Hear It? That’s the Crowd Booing Gold’s Downturn - 30th Nov 21
Economic and Market Impacts of Omicron Strain Covid 4th Wave - 30th Nov 21
Stock Market Historical Trends Suggest A Strengthening Bullish Trend In December - 30th Nov 21
Crypto Market Analysis: What Trading Will Look Like in 2022 for Novice and Veteran Traders? - 30th Nov 21
Best Stocks for Investing to Profit form the Metaverse and Get Rich - 29th Nov 21
Should You Invest In Real Estate In 2021? - 29th Nov 21
Silver Long-term Trend Analysis - 28th Nov 21
Silver Mining Stocks Fundamentals - 28th Nov 21
Crude Oil Didn’t Like Thanksgiving Turkey This Year - 28th Nov 21
Sheffield First Snow Winter 2021 - Snowballs and Snowmen Fun - 28th Nov 21
Stock Market Investing LESSON - Buying Value - 27th Nov 21
Corsair MP600 NVME M.2 SSD 66% Performance Loss After 6 Months of Use - Benchmark Tests - 27th Nov 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Utilizing Online Casinos To Make Money Not Lose It

Personal_Finance / Gambling Feb 07, 2021 - 08:44 AM GMT

By: Submissions


Let’s just get this straight from the get-go, casinos are first businesses and are in it to make money. And so whatever you play on an online casino, just know that the favor is always on the house. But do not blame them, they have to make money to offer you the services they do. Taking care of these sites, including developing and running games and facilitating other live activities on the websites, cost money. And they have to get it one way or the other for the continuity of the business. So since you now know this, do you keep away?

No, you do not. What you do is find ways to work the system to work in your favor. How? Below is how:

Have a bankroll

A bankroll is a fancy name to call your gambling budget, and it structured something like this:

It includes the expenditure you aim to use for your gambling activity. This breakdown consists of the overall amount to spend, then the nitty-gritty of the daily and weekly spending. It puts everything into perspective and helps you quantitatively gauge if your punting is profitable. If it is not and you wish to keep going, it gives you the motivation to search for ways to become better and more successful.

Know the rules before using cash wagers

Before diving into punting, you need first to set time aside and get familiar with the games. Here is where you select your niche and master all that you can. And these are the games, the rules of playing the tournaments, the laws of using a particular site, and lastly, how you deposit and withdraw your cash. It may seem like a lot, but once you set a task at a time, it all becomes manageable.

After gathering all this information, then you can go ahead and start using the online casino of your choice.

Know when to stop

Betting can be addictive. Bet you read and hear this so many times that you rarely pay attention to it. Well, this statement cannot be stressed enough, and so we are merely reminding you. Using an online casino is all fun and games until you cannot find a way to separate yourself from using them. If it is eating up time you should be working or doing something constructive; then you are in the danger zone. Here is where self-control comes in. know when to stop and take a break, and you shall have no issue gambling, so much so, lose your cash.

Always play with a clear mind

Taking any substance that cripples your judgment, like drugs and alcohol, is not a smart idea if you want to be a successful gambler. Using these mind-altering substances makes you groggy, slower, and cloud-minded. And in this state, you cannot make sound decisions, but you are, instead, rash and emotional. While high, you can overestimate your chances of winning and place a colossal bet and end up losing big time.

You must always play with a clear mind since you can soundly make reasonable calculations and well-thought decisions. In the long run, you will have a successful story to tell.

Start with the free games

Online casino game developers are generous enough to give us a bit of training before jumping the gun. And you must fully take advantage of this privilege. It is how you master games’ rules and become a pro even before getting inside the actual playing activity when your investment is on the line. You start with the free games for practice, and you will get better. You know what they say about what practice makes, right?

Use legit sites

We have talked about some of the fundamentals above, but the one vital factor is this right here- finding a legitimate online casino website to use. This point is critical as it stands in the way of you get the chance to multiply your investment. A legit site will have all the necessary certification and licensing issues by regulatory bodies to ensure fairness.

Closing remarks

Making money in this day and age has been diversified in that you can do something for fun and make something out of it. Online casinos are just one of the very many fun channels you can use to double your investment. So find one that meets all the legal requirements, has the games you desire, learn them, know when to stop, and most importantly, have a bankroll. If you do the above, you will utilize online casinos to make money and not lose it efficiently.

By Umair Abid

© 2021 Copyright Umair Abid- All Rights Reserved - Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in