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Casino Guide: Online Casino FAQ
Online casinos are a gold mine of cash for the savvy gambler. Below we answer some frequently asked questions about online gambling and how to get started with them.
Does cheating happen in online casinos?
Casinos that are well-established have not been known to cheat. It is not in their best interest to do so because if rumors of cheating spread, that would spell doom for their business. Of course there are dishonest casinos out there, but that is what casino review sites and forums are for. Do your homework before investing money in an online casino. You don't have to worry about security or rigging in casinos that receive many positive reviews (both from casino review sites and individual users).
Rather than cheating, what legitimate online casinos try to do is maintain a strong house advantage over players. This is seen in their wager requirements and other terms & conditions.
How much can I lose in online casinos?
This all depends on what casino games you play, how you play them and how much you wager. Obviously if you play a rambling game on a slot machine for hours without any strategy whatsoever, you will lose a lot. Same if you try to recover losses by betting half or all your bankroll, or if you play games that have no realistic chance of being profitable in the long run. (Keno, bingo, lottery and slot games are examples of these.)
On the other hand, Blackjack and Video Poker are casino games with a very high return for the player, over 95%. It's games like these that professional gamblers like to play.
How much can I win in online casinos?
You can make good money if you do your homework and stick to your battle plan. You can make $50 per hour with some games, for example. But again it again depends on what you play and how, and for how much.
To make money, you must play casino games with low house advantage. Low house advantage means according to mathematical odds, the casino will win only a few times more often than the player. Thus the player loses only a little money. And if bonus casino money is used, they actually GAIN money.
You must also bet wisely. Set target winnings and quit when you get them (assuming you've met the wager requirement of the casino). Knowing when to quit is a sign of the professional gambler who is not addicted to online casinos.
Why would online casinos allow players to make money?
Because most gamblers aren't smart or patient enough to do what professionals do. Casual gamblers are non-systematic, impatient… well, losers. Only a small percentage approach gambling systematically. So what online casinos pay out to a few lone gunmen is nothing compared with what they earn from average comps.
Which online casinos should I play in?
Look for independent casino directory sites for recommendations. Beware of sites that feel like they are selling you something while pretending to give you gambling advice. Those may have vested interest for you to play in certain casinos.
How much money will I need to get started?
A good bankroll should be around $500. You can start with less, but if you do, make sure you choose a game and table with very low minimum bets. A $5 starting bet is very high. If you use a betting system you could be all-in and losing a hand before you know it. Start small.
