Managing your
money at the online casinos
Now there are so many online casinos to
choose from, the options for playing different games and placing
wagers on all kinds of events are as varied as if you were
playing in a land based casino. Given these options with the
thrill of gambling added it is easy to let things get a little
out of control. Once you have selected one from the many online
casinos to choose from it is imperative to pay some attention to
how you manage your money. Many people enter online casinos
thinking they have a sure fire and clear cut betting system or
strategy, intended to increase the odds of winning.
In the history of gaming and gambling
there has never been a betting system that is proven to work.
They have bizarre and alluring names like Martingale, d'Alembert
and Sleeping Cheval and the fact is these systems do exist, but
remember, they are just theories. Really, the only sure fire bet
is, the online casinos will win. These strategies exist on the
premise that by risking more and more money you will eventually
win big. The idea is that by doubling your bet after each loss
you will eventually win enough to recoup the losses plus win a
profit equal to the original stake. These strategies are all
well and good if the player has infinite wealth, as something
will come up, but how many of us gambling in online casinos,
have infinite wealth? No strategy can beat the house edge that
the online casinos have. The trade off is you may get a small
win for repeated big losses.
When playing in online casinos the best
strategy is bet less when losing and more when winning. Before
you log on to the online casinos make sure you cap the amount of
money you are willing to lose. Online casinos recognize that
when people are losing they begin to chase the losses with even
larger wagers. This is the worst time to start throwing money
around. If you are consistently losing in the online casinos,
lower your wagers. If the online casinos allow, try switching to
another table or a different game. If you feel you are on a
slippery slope down, take a break from the online casinos or
better still, log off completely. If you are on a winning streak
then it is OK increase you wager slightly and see what happens.
The best advice when playing in online casinos is to quit while
you are ahead. If you came in with $100 and have managed to
accumulate another $100 the it is best to leave and think how
lucky you are. Don't think about the big one around the corner
because it is probably not there.
Remember, at the end of the day it is in
the online casinos interest to have responsible players. Their
reputation is based on happy customers coming back for more and
passing on recommendations to other gamblers.
Published on
08/28/2008
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