If you enjoy online gambling you will probably have dreamed of winning enough money to be able to retire and enjoy the good things in life.
While achieving that feat is tough, it is certainly less difficult to make a consistent profit from your betting activities if you are prepared to work hard.
The internet is awash with information about betting strategies, some of which are really good and some which are a complete waste of time.
Read on as we look at five strategies that we believe will help to elevate your online gambling to a whole new level.
Play Slots Like a Professional
Slots games require a certain degree of luck if you are going to win the jackpot, but there are various strategies you can use that will greatly increase your chances.
A great slots strategy to employ is to think like a professional player rather than be the fool who blows their entire bankroll in a single spin.
Pros split their bankroll into increments that will cover at least 250 spins in a single session, giving themselves a better opportunity to hit a jackpot.
It is also important to choose slots that offer a return to player (RTP) percentage of over 95 percent, as this will boost your chances of winning.
Manage your bankroll
The theory of bankroll management not only applies to online casinos, but is also hugely effective where sports betting is concerned.
Pro punters start by setting aside a monthly amount they are prepared to lose and transfer that into a separate account for their gambling activities.
Once that has been actioned, they will implement a staking plan on each single wager that never risks more than two percent of the bankroll.
This ensures that they never bet beyond their means and can safely navigate their way through any periods where luck deserts them.
Research Your Chosen Sport
If you enjoy betting on sports it is important to spend plenty of time learning the rules, studying the form and immersing yourself into its culture.
For instance, many people like wagering on mixed martial arts, but plenty of them make basic mistakes when making their selections.
At major events like UFC, the company uses a larger size of cage which can make a huge difference to the outcome of a fight.
For other events the UFC often stages bouts in a smaller cage, which can be detrimental to fighters whose attacking arsenal is based around movement.
Use the Martingale System on Roulette
The Martingale system is one of the longest established betting strategies in the world and will guarantee a profit if you stick rigidly to it.
It can be applied to betting on red or black in roulette and requires you to keep doubling your stake after each losing bet until you hit your chosen colour.
For example, you could bet £10 at Evens on the ball on land on red. If it lands on black, you wager £20 on the next spin and so on until red comes up.
If it landed in red on the second spin your return would be £40 – giving you a profit of £10 on your total outlay at that point. You would then revert to your original stake and start the process again.
Keep Track of Your Betting Activity
Whether you play at online casinos or bet on top-class sports top-class sports, it is vital to keep comprehensive records of all your betting activity.
This will help you identify where you are doing well and, more importantly, pinpoint the areas that you need to improve.
For instance, if you are making a profit on horse racing but basketball betting is eating into your bankroll, it makes more sense to stick to the equine action.
Avoiding wagering on the sports or games that generate ongoing losses is a sensible long-term strategy to implement.