We’re all feeling the pinch right now. The cost of living isn’t getting any better and we are all learning how to tighten our belts. But… what about making some extra money whilst having fun at the same time as well? That is certainly an idea attracting many people now – heading over to sites such as GoodLuckMate, claiming the plethora of casino bonuses available and trying to earn a bit of side cash.
But is this actually a good idea? Can you earn extra money playing at online casinos – after all, they are games of luck, right? Well, although we can never guarantee you win lots of money, there are certainly ways to improve your chances…
Play Games That Offer The Best Odds
Firstly, you should look to see what the house edge of the game is – the lower the house edge, the better your chance of winning… as the ‘house edge’ is the advantage that the casino has over you. As such, your chance of winning the game very much depends on what game you play. We would also recommend playing games that you can influence yourself by using knowledge, skills and strategies… rather than just luck-based games. This will decrease the house edge and give you a better chance of winning.
Some of the most popular skills and strategy games include poker and blackjack – where strategies will help you to make the best choices for any hand. These will then help you to minimise your losses, meaning that your bankroll will last longer. When playing a skills-based game, you will need to be able to play for long enough that your strategy can be applied properly – long enough for you to make it work. This can make playing these games not only lots of fun but even more interesting… and you can make some money from the comfort of your own home.
You should also consider that game’s RTP – Return to Player, which is linked with the house edge. This indicates the amount of money that you should get back in winnings from your bets in the long term. So, the higher the game’s RTP, the better. Games such as roulette, blackjack and video poker have famously high RTPs – even higher when a strategy is applied.
It is also essential that you apply a money management strategy – or else you could end up spending all of your budget – and more.
We suggest that you split your bankroll into different parts – and you can use these different parts for different sessions or games. You can then make sure that your bets correspond with your budget. This also means choosing a casino table which suits your betting budget – so look at the game’s minimum wager.
You should set yourself win goals and loss limits. This means that if you win a set amount, you should cash out… or, if you lose a set amount, you should take a break and try again later. You need to know when to stop.
Ultimately, it should always be seen as a source of fun and entertainment. If you make some pocket money from it – great! However, never bet what you can’t afford and remember – sometimes it’s best to quit while you’re ahead!