Can You Make Money at an Online Casino?

Posted by Harry Kane on Wednesday, May 17, 2017

In case you hadn’t noticed, the UK appears to be gripped in a debilitating cycle of rising inflation and stagnating wage growth. In fact, living costs in the UK continue to rise at the fastest rate in three-and-a-half years, with inflation now at 2.7% and food prices sky-rocketing.

With this in mind, savers may find it more effective to focus on actively increasing their earning potential rather than steadily accumulating in the current climate. After all, this may well deliver better results and negate the impact of rising inflation, while accounting for low savings rates in the UK.

But can online casinos really help you to achieve this objective? Let’s take a closer look:

Does Virtual Casino Gameplay Represent a Viable Method of Making Money?

Let’s start with a basic assertion; the level of competition in the virtual casino market has created a scenario in which customers (or in this instance, players) hold sway. This means that the market is geared towards optimising the RTP (Return to Player) rate, while maximising the value of promotional offers across the board.

In principle, this has helped to establish online casinos as viable platform through player can make money in the modern age. The increasingly diverse range of games also contributes to this, as this creates a wider variety of low, mid and high variance titles to suit various appetites for risk. The slot niche is an excellent example of this, while certified games in this market can drive RTPs in excess of 97%.

The combination of variable returns and lucrative promotions (which often translate into free gameplay) makes for a compelling proposition, both for professional gamblers and casual players who are hoping to make a little extra money. In short, it minimises the typical gamers’ spend while increasing their potential returns, creating at least the potential to achieve success.

What Are the Dangers?

There is so often a chasm between theory and practice, of course, and attempting to make money by gambling online is no exception to this rule. After all, while technology may have made online gambling accessible and increasingly lucrative over time, it is only ever as effective as the individuals who look to leverage it. So without an effective strategy pertaining to gameplay and managing your bankroll, you are likely to lose more than you make.

This is the danger when attempting to make money at an online casino, as you fail to recognise the complexities and nuances of individual games. Make no mistake, you will need to adopt a viable strategy pertaining to each, whether you access variations of poker, roulette or blackjack. There has been a great deal of content published on respective gambling strategies, so your task is to learn about each one and make a selection that is relevant to you.

On a final note, you will also need to think carefully when establishing a realistic bankroll that is within your financial means. You must also manage this stringently, so that you never gamble more than you can afford to lose in a single session.