Whenever there are people that are thinking about trying out online casinos or other types of online gambling for the first time, questions such as “Can you make money playing with an online casino?” are usually what they will ask.
Questions like that are completely understandable but at the same time very easy to answer.
People are and will continue to make money when playing at online casinos in the same way that people make money from land-based casinos.
There is literally no different to online casinos compared to brick and mortar casinos apart from they are online.
Everything else from the games, the odds and the regulations that they must adhere to, are very similar.
But Are Online Casinos Safe?
The majority of them are but there will always be a bad apple or two. As long as you perform due diligence on an online casino by checking out reviews, whether they are regulated by a reputable online gambling authority and learning the feedback from other players, you will more than likely find one that is 100% reputable and trustworthy.
Regulation is the key as if an online casino is regulated there are a number of strict rules and regulations that they have to abide by.
This licensing that these regulatory authorities give to online casinos allows them to sell their gambling products to players that are under the jurisdiction of those authorities.
If they fall fail of any of these regulations, they stand to be fined, suspended or could even lose their license altogether.
You can find information about whether an online casino is being regulated by looking at the footer of the page at the particular online casino you are interested in playing at.
Don’t Casinos Always Win in the End?
Online casinos have a house edge in exactly the same way that land-based casinos do. In fact, online casino has a lower house edge as they have much lower operating costs which allow them to offer them.
This house edge does suggest that an online casino will make money in the long run but this is from all players combined rather than from one particular player in a session.
All results are completely random just like they are down your local casino but each of the games will give the casino a slight edge and therefore they will make their money.
The key is to know how to give yourself the best chance of walking away a winner or performing enough damage limitation practices so that even if you lose during a session, it is minimal.
If an online casino did not make money – there would be little point of them being there in the first place.
Just gamble responsibly and take heed of the tips we will give you in the next section.
Tips On Making Money At Online Casinos
You have to remember that casino games are pure chance and there is no steadfast way to guarantee that you will win. There are ways that you can improve your chances slightly and also ensure that you are playing sensibly rather than desperately with your bankroll.
- Find a regulated online casino (we have provided three at the bottom of this article)
As we mentioned earlier, a regulated online casino is one that is deemed fair, safe and secure for players to use by the authorities. If you wanted to make sure they are licensed and regulated, check with the licensing authority that they claim to be licensed with.
- Make use of welcome bonuses and deposit bonuses
Most online casinos promotions and bonuses are offered to attract players.
This is usually match-deposit bonuses that will give some free money to play with on top of your deposits or some free spins. In many cases, you will actually get both.
- Check the RTP (return-to-player percentages) of games and play those with the highest
All games at an online casino will have a set RTP which is basically how much it will pay out over a long period of time. So in essence, as an example, a game with an RTP of 97% will pay out $97.00 for every $100 that has been wagered on it.
RTPs can range between 80% and go as high as 99%, so the higher you can find, the more value and chance you will have at winning money and protecting your own.
- Stick to a budget and only play with money you can afford to lose
We cannot stress how important this tip is. Gambling should never be seen as a day job or as employment. It should be seen as enjoyment or a hobby that has the chance to win you some money. DO not use your rent money, bill money or money that you cannot afford to lose.
Simply set aside the money each month that you feel comfortable risking. Never use more than what you have budgeted for, even if you have had a big losing streak and you want to chase your losses. Cut your losses instead and go again next month.
- Know when to walk away
This one ties in with the tip above. A good player always knows when to call it a day and this is with regards to whether they are winning or losing.
If you have been losing all day, it is best to just walk away and accept that your luck is not in.
Sticking around could just make things worse.
If you have been winning, try not to push your luck and walk a winner rather than taking it too far and losing everything that you had worked hard to win. Perhaps set limits for either occurrence and stick to them.
- Play High Variance slots
High variance slots are slots that don’t pay out too often but will pay out big once they do. Experienced players know that by being patient and playing at stakes that their budget will allow for long periods of time will eventually bring some good rewards.
Once you hit a big win, move onto another high variance slot and do the same. If you get unlucky, so be it – just do the same next time and you might just walk away with some big payouts.
Three Online Casinos We Highly Recommend
We mentioned earlier that we had three recommendations for you with regards to online casinos.
These are all casinos that are highly reputable, fully licensed and regulated and full of extensive game catalogues that we just know you will enjoy.
We have played each of these online casinos on a regular basis and can safely say that they are among the very best out there right now.
If an online casino has won recent awards, you just know that it is about as reputable as you can get.
LeoVegas has won a number of awards in recent years including that of the best Online Casino Operator just last year in 2017.
Not only that but LeoVegas also has:
- A welcome bonus worth $1,600 and 200 free spins
- More than 800 slots
- Mobile-friendly interface
More for our American readers, Bovada is another reputable online casino that would make an excellent choice when looking for a place to gamble online.
With a long and trusted history in the gambling industry, Bovada Casino is one that we rate highly.
What they have to offer includes:
- A handsome welcome bonus worth $2,000
- US players are able to sign up
- Poker and Sportsbook also available to enjoy
William Hill is probably one of the oldest gambling providers around and you will surely have heard of them if you are from the UK.
They now offer their excellent sportsbook and casino services online and are one of the most trusted names in the industry.
This is what you can expect:
- Large selection of casino games and slots
- Massively recognizable brand
- Regular bonuses on a monthly basis
We do hope that we have answered your question “Can you make money playing with an online casino?” sufficiently and that you now see that it is more than possible.
Players make money all of the time and it is just a matter of making the right decision at the right time to protect your winnings and your bankroll.
Hopefully, our tips will help you to do the above and the online casinos that we have suggested will be where you practice them.
There are no guarantees when it comes to winning and casinos both in the online and offline space will always make their money somehow – you just have to use your head to ensure that it is not always your money that they are winning!
Play the game, walk away when you are winning or if you are losing consistently.
If you can stick to that simple rule then there is a good chance that you will consistently be one step ahead of the online casinos.