Let's separate the various types of online gambling into different categories because some types will appeal to you more than others depending on your preference. For the sake of simplicity we'll stick to 4 separate categories:
The reason for this is whilst there are some basic principles that apply to all of them, there are also some important differences.
Here at Cash Ninja we have dabbled with many forms of gambling but prefer to stick to playing poker. In poker you are not playing against the house as with other casino games, so there is no house edge or advantage that you are constantly battling against. It's just you against other players and although luck does play a role, in the long run the better players will have the most success.
On the other hand, all casino games (Roulette, Blackjack, Craps, etc, etc) incorporate a house edge - something that means if you play for long enough the casino will always come out on top. There are various systems that claim to reduce this house edge, some more effective than others but the most important thing to remember is that none of them eliminate this edge (at least none Cash Ninja has encountered so far) completely. As a consequence this type of gamling cannot be considered as a viable, long term money making strategy.
Smash Vegas is an interesting new blog that discusses the various types of gambling, how to improve your odds, which games to avoid and offers comprehensive guides on the various games available in casinos.
Sports betting and betting on the outcome of events is considered by many to be gambling, throwing your money away, etc.
Others have systems they swear by, or claim to get inside knowledge on certain events. There are definitely ways to improve
your odds and beat the bookies and we'll discuss some of the ones that have been tried by Cash Ninja and how successful they were. There are
even software systems that claim to be able to automatically make bets on your behalf on betting exchanges like
Betfair
and apparently return an
86% success rate... whether this is the case or not, Cash Ninja can't say (the main reason why the site isn't linked to
at this stage) but at some point it will get tested out and the results published here.
Spread betting is a high risk but potentially high reward way of betting on the outcome of an event. You should not get involved in this kind of betting lightly as you can potentially lose a lot more than your initial stake.
A site that has just come to our attention is Gaming Alerts. They provide
alerts on all the best betting, casino, poker and bingo bonuses, offers and news via a downloadable desktop application.
As with any form of gambling it is important to remember to set yourself limits and stick to them. Don't ever gamble more
than you can afford to lose, don't borrow money in order to gamble. For more information please visit
Gamble Aware