Raising the Stakes
While it’s necessary to make a distinction between fun money online casinos and real money casinos online, the reality is that the two are essentially one and the same. These days, all online casinos offer players the option to play with fun money as well as real money. Switching between the two platforms is as easy as making a few clicks of the mouse. The actual betting experience, i.e. selection of games (other than progressive jackpots), rules, odds and lobby navigation is exactly the same between the two.
As opposed to solely offering a real money online casino, the value of having the option to play at both a fun money and real money version of the same online casino is threefold. One, the fun money casino offers an opportunity to test out the software and games firsthand without putting funds at risk. Two, fun money games provide players with the chance to practice, which is especially helpful when learning a new game or playing strategy. Thirdly (and probably the most important, although less obvious), is that fun money casino games enable players to connect with the entertainment side of gambling. By making it a practice to actually “practice” playing fun money games, the experience of losing real money wagers is less likely to take the fun out of gambling online.
To address concerns of players who may be suspicious of online casinos setting better odds on the fun money platform than the real money version, the reality is that with a licensed, RNG-certified software platform, casino operators cannot change the software source code (thereby changing the odds on hands). Coupled with ongoing audits via regulatory bodies, the ability for operators to alter odds is extremely limited. As opposed to payout reports, which are solely applicable to real money wagers (the amount of money wagered versus the amount paid out in winnings), a software RNG accreditation confirms the inherent fairness of the software platform (fun money wagers included), by validating that all hand results are entirely unpredictable and random.
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TIPS FOR GAMBLING WITH REAL MONEY
Choose Your Bankroll Wisely – This may seem like a no-brainer, but unfortunately, gamblers far too often give themselves a greater bankroll than they can afford to lose. Keep in mind, your bankroll should never be the same amount as your losing limit (see further below). It’s simply the amount you can afford to lose without causing debt or any other hardships.
When choosing your bankroll, consider what game(s) you will be playing, the stakes, and how long you seek to spend time gambling, i.e., the entertainment factor. In other words, if you seek to spend your entire Sunday evening on the blackjack tables, don’t choose a $10 stake table with a $100 bankroll. On an ebb of bad luck, you could be finished in just minutes. For longer sessions at games of blackjack (at least to begin with), choose a stake that is at least 100 times less than your bankroll. Consider raising stakes only if your bankroll is greater than when you started.
If you seek to gamble regularly, be sure to split up your bankroll accordingly. For example, if you can afford to (potentially) lose $400/month, and would like to go online and play once per week, your bankroll for each gambling session should be $100. Again, this does not mean your losing limit should also be $100. On the contrary, $75 would be more ideal. The idea is to always leave with something. There’s nothing worse than leaving the casino with nothing in your pocket, or worse, with a tab.
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