Online casinos are so massively popular for a reason. Not only do they offer some of the best designed games of today, but they can also bring you decent profits in the long run. Still, a lot of people don’t ever make the leap into the online gaming world, most often because of their fear of being unprepared.
If you’re one of those people, there’s no need to worry as the preparation you need can be easily narrowed down to a few key tips. With that in mind, here’s everything you need to know when gambling online, minus the obvious points.
A word to the wise: once you finish reading and are unsure where to proceed, it’s good to note that NetEnt casinos standout and here is why.
Casinos are Licensed, Accredited, and Certified
Every online casino needs to go through rating and regulation processes before they are awarded the seals of gaming quality. The three most important ones are:
- A gaming license from a gambling commission or government.
- An SSL/TLS security certificate which ensures the players’ information stays encrypted and safe.
- An accreditation of player fairness, safety and payout procedure quality. Today’s leading accreditation agency is eCOGRA.
The quickest way to check for this information is to go to the bottom of the casino’s main page and look for watermarks and the fine print.
Banking Methods Have Restrictions and Fees
One of the most surprising things to new players is the withdrawal limits and fees in an online casino. This normally comes later when you make a decent winning, but it’s always good to know about it before you start playing.
Some casinos won’t take any fees while others will add their fees on top of your banking fees. Also, most casinos have restrictions as to how much and how often you can withdraw. This can be either fair or very silly, depending on the operator.
The House Edge Varies
A house edge is the percentage of your wager money that the casino keeps as profit in the long run. Normally, this would be somewhere around 4-5%, but some games will go as high as 20%.
Also, the house edge you will see listed is only calculated in the long run. This means that the longer you play, the closer you get to the listed percentage – i.e. you won’t reach it with a wager or two.
Bonuses are regulated with Playthrough Requirements
Casino bonuses are the biggest selling point for joining a casino. They can be anything from standard 100-200% matching bonuses on your first deposits to free spins and Sunday promotions. However, what most new players don’t know is that bonuses don’t really come for free.
The way that casinos regulate bonuses is that they introduce playthrough requirements. For example, a playthrough requirement of 25x will mean that you’ll have to wager 25 times your bonus + deposit amount before you can collect the winnings from your bonus. Also, most casinos will set a time limit before you can meet these terms.
You Can Pay with Bitcoins
Bitcoins, the untraceable digital currency often used by shady criminal organizations is now a popular payment method in a number of casinos.
This is strange considering that a lot of casinos will impose country or monetary restrictions, yet they choose to accept Bitcoins. However, it is great news for those who like to stay anonymous while they play or simply stay even safer.
Progressive Jackpots Don’t Need High Wagers
Some of the most lucrative games in online casinos are progressive slot games. Progressive slots have been the stuff of much talk, as stories keep popping up of people who’ve become millionaires overnight. Still, no one says that a number of those jackpots have been won on wagers as low as 1$.
Monitoring and Self-Control is Essential
This might sound like an obvious point, yet a lot of people overlook it. Since online casinos can be easily accessed from all your devices, it is harder to stay away from gaming than it is at traditional casinos.
That’s why exercising self control and tracking your spending is a must if you don’t want to randomly spend your bank account. You can also draft a playing budget and schedule to help you stay on track.