You might have noticed a lot of chatter about online gambling and sports betting lately. You probably know that these two things are now both legal in many states and there’s a lot of advertisement going around about sports betting. Now people have access to online casino games, online video poker, and sports betting from their computer or phone. With that comes more chances to hit the jackpot. But in order to make that money, you’ll have to play smart.
The United States Supreme Court issued a ruling in 2018 that repealed PAPSA, an old prohibition on gambling outside of Las Vegas. States were allowed to make their own sports betting and online gambling laws as a result, and many took advantage of that chance right away. Once these laws were put into effect, casino companies were quick to get sportsbook apps and online casinos available to the people. They also offered tempting welcome packages to grab as many new users as possible.
The results were profitable: revenue data from multiple states shows numbers in the millions from online gambling and sports betting. Convenience is the key here: with the touch of a phone, you can now play every game you’d find in a casino or take part in a fantasy sports league. Now that gambling doesn’t require a trip to the casino, new users are popping up to give it a shot. And those welcome packages are also doing their share of work to draw in users. This means that the pots, and potential winnings, are as big as they’ve ever been.
Where this works for you is that those winnings are up for the taking. You might be able to hit the jackpot in online slots and walk away with a cool million. Or you can place the right bet on a major league sports game and win money from a lot of people. How do you up your chances of taking home the prize? Read on to find out.
Take Time Picking The Welcome Package For You
Every legal gambling app is offering some kind of welcome package for first-time users right now. The rewards vary from state to state, but the basic idea is that you create an account, enter a promo code, and receive a benefit once your signup is complete. Common rewards are risk-free sports plays and matching your initial deposit up to a certain amount. The Caesars sportsbook promo code, for instance, will match up to $1,500 when you deposit $50. That’s huge.
If you start out with a big bonus like that, you can spread it out between multiple games or focus on one casino game you’re good at. For sports betting, you probably want to wait until the post-season when betting stakes are higher. This also allows you to make more informed bets if you’ve been following the season. Overall, your goal should be to mete out the $1,500 slowly on precise bets.
Don’t Be Afraid To Back Away
You might be inclined to keep going when you’re on a hot streak or play until you win on a bad day. Both are bad ideas. Trust your gut and walk away when the bet doesn’t feel right. You might need to check your emotions to do this. Take a breath and ask yourself if this is really the best situation for you. If the sports bet is uncertain or you have a bad poker hand, fold and get out. You’re better off losing a little now than a lot later.
Slow And Steady Wins The Race
This isn’t the most exciting tip, but it needs to be said: bet on smaller games like slots to build up your winnings over time. As exciting as throwing it all on a high-stakes jackpot is, it’s also a sure way to end up with nothing. If your goal is to make money while gambling, you should be making small wagers and stopping when you get small gains.