Anyone keeping tabs on industries that have exploded in recent years will surely tell you that one of the most significant and meteoric rises is that of the iGaming industry. Online gambling has increased significantly year on year around the world and shows no signs of slowing down. Learn Five-Step Guide for New Players Preparing to Gamble Online.
In the US alone, it is estimated that more than 176 million people gamble online, with sports betting being the most popular option. Despite this, many players have not yet transitioned from brick-and-mortar betting to online gambling.
These players may not have made the move due to distrust in the legitimacy of online casinos or simply because they don’t know how to start gambling online. To aid in this, we’ve compiled a five-step guide for new players considering entering the iGaming market.
1. Set Your Limits
A key element of successfully gambling online for new and experienced players alike is the ability to limit their spending. Doing this can stop runaway spending that could lead to a more significant financial loss should you not strike it lucky.
To do this, ensure you have a budget for all your monthly expenses. In this, portion out a section of your entertainment budget for gambling. Your entertainment should be between 5% and 10% of your total budget as a standard. Of this, it is advised that a maximum of 30% be allocated toward gambling (whether online or in person).
Having a defined budget sets out strict parameters that you can follow to gamble. Knowing your limit will also avoid spending more to recover losses and make gambling more enjoyable, knowing that you are only losing what you can afford to live without.
2. Schedule Your Play Time
Like budgeting finances for gambling, the next step to complete before starting to gamble online is to schedule when and how long you will play. Although the accessibility of online and mobile gambling makes it possible to bet whenever you want and wherever you are, this same accessibility could cause you to make gambling a priority and neglect other tasks.
Setting a specific time and duration for gambling will help you enjoy it more and maintain a proper balance between it and the rest of your life. Doing this is crucial to avoid falling behind in other tasks, sacrificing your relationships, and falling into the possibility of becoming addicted to the pastime.
3. Know What You’re Looking For
One of the most remarkable features of online gambling is the incredible variety of options available to players. From numerous sporting events to an array of slot games that will make any gambler’s blood start pumping with excitement, choosing what to play could take up more time than expected.
To help curb this and ensure you can begin gambling immediately, knowing what to look for among the many games available is essential. If you’re looking for slots, many sites allow demo modes of the most popular games that you can try beforehand without spending money to discover what you like best.
If you’re a table player, identifying which game you’re comfortable playing can help you immediately identify what to play as soon as you register your account with an online casino. This simplicity boosts your overall gaming experience.
In addition, many games come with unique bonuses, promotions, or rewards attached to them. Therefore, knowing how to make the most of these will help you narrow down the games with the biggest returns.
4. Do Your Research
One of the most pivotal steps when preparing to gamble online is doing your research beforehand. Aside from researching what game you’d like to play, as mentioned above, selecting the best online casino, payment method, and bonus can all impact how much you enjoy your time online.
With the thousands of online casinos available, noting that not all are created equally is essential. While the minority may be scam sites looking to take your money and run, most offer secure and real chances to make extra cash while providing endless entertainment.
Before playing with any online casino, you should look into the site and see if it is legitimate. For starters, always check if the casino is licensed by a governing body (such as the Government of Curacao or the UK Gambling Commission), has been in operation with a proven track record, and has a satisfied user base.
Finding this information from casinos.com, which reviews online casinos and ensures they are legitimate, can be done quickly and will ensure you begin playing with a proper online casino that will pose no risk to you or your money.
Aside from being another method to see if a site is legitimate (the best sites often have the most popular payment processors), choosing a website with a payment method that suits you is essential.
Using a site with a payment method you are comfortable using (or already have an account with) will minimize the effort required to deposit or withdraw winnings from your casino player account.
Almost all online casinos offer unique welcome bonuses to reward new players who register an account. Based on what game you’re looking for, these bonuses can significantly boost your gambling experience by matching your deposits or even giving you free spins.
Researching and understanding the best types of bonuses can help you snag more bang for your buck. And if you’re unsure where to find the best bonuses, many websites compile these for you so that you can review them at a glance.
5. Enjoy the Thrill
Once you’ve completed all the above steps, the final one is to remember to enjoy the thrill of it.
Although many players hope to win big while gambling online, the reality is that a life-changing windfall won’t be awaiting most. However, there will be losses, some meaningful wins (that may or may not recoup the losses), and a whole load of entertainment and fun.
Therefore, when venturing into the world of online gambling, always remember that the primary purpose of online casinos is to provide fun activities and games—with the added thrill of trying your luck and possibly winning some extra spending money. As long as you keep that in mind, you’ll maximize the enjoyment you get out of it.