In 2023, Global NewsWire predicted that the global online casino market would cross USD 100 billion by 2032 – a growth rate of 12.5% from 2023 to 2032. The rise of responsible gaming platforms and advancing technology contribute to this fabulous growth, allowing gamers a safe and engaging experience.
Live casinos have become immensely popular in this landscape, captivating users with their realistic premise. This version resembles a land-based casino more than a standard online casino game. There’s the nail-biting excitement of the dealer shuffling and calling an opponent’s bluff – everything except the need to travel to an actual location.
But how about winning at these games? Does it all come down to luck, or are there ways to maximize your chances?
1 Scrutinize Bonus Offers
Many live casinos offer enticing offers as welcome bonuses. For example, you may receive sweep coins. Some of the best sweepstakes casinos may provide loyalty programs that give you additional rewards for the amount you spend. Select providers now use cryptocurrency like Bitcoin for secure payouts.
Exploring these offers for your chosen live casino game can maximize your chances of winning. You should be alert for upcoming offers, as many live events use them to drum up interest and stay ahead of the competition.
We urge players to examine the T&C thoroughly before availing these bonuses. You may have a minimum wager amount or other associated requirements that shouldn’t come as a shock at a later stage. Winarena recommends playing games with fast, reliable transactions and dependable customer service. Players can find these characteristics in slot- and table games.
Beware of Cheating
While bonus programs can be tempting, players must be cautious of potential cheating underway. An unreliable game could be vulnerable to cheating tactics like shuffler hacking.
In 2023, Wired reported a mega scandal in a live casino in Los Angeles. Cheaters hacked the shuffler to get complete control. Using bonus coins in such compromised games will only set you up for failure. Again, the best way to play safely is to select thoroughly whetted games you have a knack for playing.
2 Learn Advanced Betting Techniques
Going into a live casino without a betting strategy can be dangerous. Forget about winning; you may end up losing a fair amount. It brings to mind all the dire warnings you must have heard about gambling. The risks are not absent in an online version.
You can use practice opportunities to hone your skills; they don’t involve any risks. For example, poker can be a terrific game for a live casino. Players can benefit from astute bluffing skills and reading their opponents’ minds.
Many players find progressive betting a beneficial strategy. The typical rule is to adjust the bet based on old outcomes: increase after a loss and reduce after a win. It can help with money management and give you dividends in the short term.
However, players must be wary of the gambler’s fallacy, which promotes the belief that past results impact the future. Live casinos may not deliver much in the way of the hot hand or a pattern of consistent wins.
How About +EV Betting?
If you are willing to put in the extra effort to win, you should learn about +EV bets (expected value). Some Redditors find that these bets offer a positive average net profit. In these bets, the probability of cashing is higher than the stated odds. However, you must know how to count the cards and pick the appropriate ones.
Investopedia explains the 1956 Kelly criterion, which can help players here. It uses the winning probability factor and the win/loss ratio to tell you the percentage of total capital to apply to an investment.
Do remember that live casinos are unlikely to make it easy to achieve these gains. Still, experienced players may be able to benefit from these betting strategies.
3 Check in With Your Inner Self
While winning these games may not have a sure-shot formula, losing them has one: playing when impaired.
Numerous studies have shown that participating in live casino games when inebriated or stressed can be detrimental. You may spend way more than your budget, which does not do any favors to your bank balance. You may also make poor decisions since your awareness of your intuition and inner voice is vaguer than usual.
Live events can be stressful, with dealers using pressure tactics and opponents affecting your state of mind. The best approach is to check your emotions and play when you feel in control.
Veteran gamers sometimes call this the Goldilocks approach. Before starting, ensure that things are just right – not too hot an adrenaline rush and not too cold a passivity. In the bestselling book Atomic Habits, James Clear observes that the Goldilocks zone lets our brain perform better as it exposes us to manageable difficulty.
Dismissing the illusion of control can also reduce your losses. It lets players realize that wins depend on chance and previous losses don’t set them up for a victory. Quitting when ahead can be an excellent exit strategy.
Can Amateurs Play Live Casino Games?
All things considered, these games are about trying your luck. Many countries now permit online gambling, which means players can partake without legal concerns. As for amateurs, caution is of the essence.
In 2024, fascinating research by Siena College Research Institute found that 18% of bettors have lost money intended for financial obligations. Further, more than 50% have betted a higher amount in a bid to recover.
We suggest that amateurs embark on this journey with ample guidance. You should only play with money you have set aside for entertainment, not the cash you need for urgent requirements like rent.
One must also stay aware and grounded when playing live casino games. The APA notes that the risk of pathological gambling is high among teens and those with impulsive personalities. Tracking the time spent playing live casino games can help pace the activity and keep it enjoyable.
We hope you feel more prepared to try your luck at a live casino game. It can be nerve-wracking and enthralling, bringing all the enthusiasm of Vegas to your gaming room.
As you use expert tips and tricks for regular video games on your laptops, sweepstakes and live casinos also demand preparation. Besides exercising self-control and being money-smart, you should equip yourself with the ammunition to serenade Lady Luck.
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