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How to Make Money Gambling Online

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How to make money gambling online may seem like a ridiculous question. You place your bet and hope for Lady Luck to wink at you. However, things aren’t that simple if you want to increase your chances of winning in the long run.

Matched Betting

Matched betting is probably the surest way of making money from online gambling. The principle is fairly simple. Instead of relying on the skill of your favorite sports team and hoping for the best, you cover all your bases. Matched betting involves placing multiple bets on a single sports event, so that no matter who wins, you come on top. The hard part is finding the right match. It involves a lot of research, scouring sports betting sites for promotions, and comparing the odds. On the bright side, you have just enough time to master it until EURO 21 betting starts in a few months. It is probably the biggest sporting event this year and a chance for some big wins for people who know how to place bets.

Online Slots

People play online slots mostly for fun. They are easy to learn and you can play them for hours without breaking the bank. One thing experienced slot players know is that online slots can be a fairly consistent source of income, thanks to the RTR. RTR stands for Return to Players and it is a percentage of all bets that are paid back to the players. Modern slots have an RTR of 94 to 96%, depending on a slot. You can see here which slots offer the best RTR to their players. One thing to remember is that RTR is calculated over the lifespan of a slot. In practice, that means there will be items when a slot will pay less than that, but also times when it pays significantly more. The trick is to catch it in its up phase and benefit from it.

Poker

Poker is often referred to as a skill-based game. However, getting to a level where you can draw a consistent income from playing poker requires a lot of time and practice. We are going to give you just some of the basic tips that should be enough to point you in the right direction. Be careful with your starting hand. The instinct will tell you to play every hand, but that can lead to an empty wallet fairly quickly. There is nothing wrong with folding if your cards are bad. Research various strategies and choose one that is the best fit with your playing style. Learn everything there is to know about it and implement it as soon as possible. One good thing about poker is that you are mostly playing against other people, so you don’t have to worry about the house edge.

Blackjack

Blackjack is one of those games that heavily favors the casino, but there are ways of lowering the house edge to under 0.5%. For comparison’s sake, a newbie Blackjack player can give the house an edge of over 5%. To achieve this, you will have to employ one of the strategies developed for Blackjack. For the most part, they revolve around counting cards. There are many ways you can go about counting cards and in combination with other strategies, like doubling down on hard 11 or splitting 8s and aces, they can be rather effective.

Manage Your Bankroll

Regardless of the game you choose, managing your bankroll carefully is a key to making money in gambling. New players often make the mistake of burning through their stack, leaving them unable to continue playing. Every game will have ups and downs and ultimately, how you manage your money will determine how successful a player you are.

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Emma Drew

Emma has spent over 15 years sharing her expertise in making and saving money, inspiring thousands to take control of their finances. After paying off £15,000 in credit card debt, she turned her side hustles into a full-time career in 2015. Her award-winning blog, recognized as the UK's best money-making blog for three years, has made her a trusted voice, with features on BBC TV, BBC radio, and more.

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