This article is written for complete beginners who have never gambled online or in a brick and mortar casino. We will help you understand the ways online casinos operate, and how you can fully enjoy the online casino experience whilst having minimal risks.
We have multiple sections in this article that cover your odds of winning, specific games, how to improve your chances of winning, etc. We will also educate you on terms that you should know before playing.
Before you start…
Playing for the first time can be scary, but keep in mind that these sites are designed to be as easy and accessible as possible—they want your money, after all! If you take our advice seriously, you will realize that gambling isn’t as complicated as it appears from the outside. You will have a lot of fun when you understand how easy these games are to learn and play.
To start, let’s go over a few key points to keep in mind when starting to gamble.
It’s all up to chance
You must understand that when gambling, your odds of winning are largely up to chance. You are not guaranteed to win, no matter how good you are. The outcomes of all the games are determined by random events; there are not set plays like traditional sports. Events like the turn of a card, spin of a roulette wheel, or roll of a die are all unpredictable.
You have no control over these variables, which means you have no control over whether you win or lose. You can use skill and experience to increase your chances of winning in certain games, but the end results are still ultimately unpredictable. Even a lifetime of practice won’t give you control over the algorithms that determine your winnings.
The House wins in the end
Casinos are businesses at the end of the day—they make money when you lose it. That said, the house (casino) will win most of the time. All online and land-based casinos have a mathematical advantage in all games in order to ensure their odds are better than yours. Of course, the house won’t win 100% of the time, but they tune their algorithms to make sure they end up making a profit. If they didn’t do this, the existence of the casino itself would be determined by luck. In other words, casinos have to make sure they can afford to pay out jackpots without going under, which means the majority of people have to put in more money than they win.
The only way you can match your odds with the house is by cheating, which is illegal—and in online casinos, it’s basically impossible.
You can still win!
Even though the house will win most of the time, it doesn’t mean you will never win. Odds are you will lose before you win, but if you play enough, you’ll eventually get your chance to be on the winning team. The games are unpredictable, and even though this can work against you, it also means you have the chance to go home with a huge profit.
Also keep in mind that even if you don’t win the jackpot and go home with a million dollars, you still have a chance to leave with a little more money than you started with. It’s all about putting in what you can afford to lose, and nothing more. That way, it’s no big deal even if you have a stroke of bad luck.
All that said, with a little luck and good fortune, you can win big—if nobody ever won, nobody would be gambling!
It takes more than luck
Not every casino game is 100% reliant on luck. In certain games, you can take advantage of learned skill to improve your chances. In games like blackjack, for instance, you can play in the mathematically correct way and increase your odds of winning.
Dos and Don’ts of Online Casino Gambling
Limit Your Losses
This is the number one rule when it comes to gambling—always limit your losses. There’s simply too much to be lost for anyone to not limit their losses. Always have a budget for the amount you can afford to gamble, because odds are you might lose a good portion of it. Make sure not to rack up debt by gambling away money you don’t have.
Know the Rules
You should ALWAYS know the rules of the game you’re playing if you want to come close to winning anything. Gambling involves money, and we advise you to understand everything before you jump in headfirst. You will come across some games that are simple and straightforward, and others that are much more complicated. Regardless of the game’s complexity, always educate yourself of the rules before you start playing.
Learn Some Strategy
If you can, try to learn some strategies to increase your odds of winning in certain games. Not all casino games are based fully on luck; with some games you can increase your expertise and have a better chance of winning. Any strategy that can decrease the house advantage is a strategy you need to learn and use where relevant.
Assume You’re Going to Lose
This point isn’t fun or glamorous, but it’s realistic. With any chance-based game, you will lose most of the time. It’s important to go in knowing this so you can learn how to cut your losses and stop playing when necessary. Keeping your expectations low can help prepare you mentally and financially for any losses you might experience.
Quit When You’re Ahead
The cardinal sin most people commit while gambling is not quitting when they’re ahead. When players catch a hot hand, they assume the winning streak will continue, thus making them bet even more. The truth is, you can only win so much before the house recollects its losses. Quitting while ahead saves you the guaranteed loss that will come if you keep playing.
Chase Your Losses
Another golden rule is to never ever chase your losses. Most people will try to gain back their losses by gambling more money, but this only leads to more losses. Be sure to familiarize yourself with the Sunk Cost Fallacy before you start gambling. You’ll find that decisions can be tainted by emotional investments, and sometimes quitting while you’re behind is just as important as quitting while you’re ahead.
Drink Too Much
Gambling while drunk is like driving with a blindfold on, you’re guaranteed to crash. Being drunk will affect your judgment and cause you to make ridiculous and nonsensical bets that will lose you a lot of money. You are paying for entertainment, so you can enjoy a drink or two, but keep in mind that alcohol will hamper your decision-making. You’re playing with real money, so spend it wisely.
At the end of the day…
The best way to approach gambling is to look at it as a form of entertainment. With most forms of entertainment—movies, arcades, and so on—you pay a fixed price for a set experience, and you get none of that money back. With gambling, you pay as much as you want, and you have the chance to make it all back while still having a great time.
If you keep yourself disciplined, only spend what you can afford to lose, and don’t let it negatively affect your relationships, gambling can be a fun and healthy hobby just like any other. Now that you know more about how gambling works, check out our approved list of NJ online casinos and get started!