The gambling industry, especially its online sector, is unarguably one of the fastest-growing industries in the world. Gambling in India has always been a complex and confusing subject regarding its legality. Law in India is a state matter; thus, the regulations differ across all 28 states in India. Of all these states, only three (Goa, Sikkim, and Daman) have legalized brick-and-mortar casinos. All other states operate under the Public Act of 1867, which prohibits any form of gambling and holds penalties for anyone who runs any gambling house or casino.
Another reason for the complexity in Indian laws is that government regulations are more tolerant of games of skill and frown more on games of luck such as poker, dice games, racing, etc.
However, the past decade has witnessed a massive rise in the growth of online gambling in India, even with the country’s lack of proper regulations on online gambling activities. Data from a Deloitte Indian report shows that the market revenue of India’s gambling market is $1.1 billion in 2019 and is projected to reach a whopping $2.8 billion in 2022 with a Continuous Growth Annual Rate (CGAR) of 40%.
Many of the games require special skills and knowledge, for example, blackjack, that’s why one should learn about it before playing, and it’s possible to do it here https://parimatch.in/en/online-blackjack.
Since India lacks proper online regulation, many offshore gambling sites are thriving and can’t be labeled by the government as illegal. Another factor responsible for the massive growth of online gambling activities in India is technology – the availability of phones and other smart devices, fast internet connection, mobile apps, virtual reality, and many other tech-driven solutions.
In this article, we will explore 10 tips you need to know to gamble successfully.
1. Be wise in your choice of a gambling site
There are thousands of online casinos sites that claim to be the best around today. However, many people, especially newbies, keep falling victim to running into illegitimate and unlicensed ones. Before registering with an online gambling site, ensure that they have a good reputation by checking up their reviews from previous users and review websites. Also, be sure to do proper research about their payout options and terms, bonuses and rewards, and customer service. All these are vital for your successful journey in gambling.
2. Go for the best bonus offers and maximize their usage
Most online sites offer bonuses to new customers in the form of sign-up bonuses, deposit bonuses, promotional offers, free spins, etc. It is essential to carry out proper research on the terms and conditions of a gambling site’s bonuses before dabbling in, as some of these bonuses are not worthwhile. Nonetheless, making the best of fantastic bonus offers saves you money and gives you a higher chance of winning.
3. Play the right games
After finding a reputable gambling site with terms that appeal to you, the next thing you want to do is look for the right games where you can win easily and minimize your loss. One of these games is blackjack – a game with one of the best chances of winning. When you play blackjack, you give almost no money to the casino as the game offers you the chance to decrease the house edge to as low as 0.01% when you apply the best strategies.
4. Understand the strategy of your game
You do not want to gamble with your money on a game you don’t understand. Therefore, ensure you take time to learn the strategy of whatever game you want to put your money on, as this gives you a better shot at winning. Many online gambling sites allow you to open a demo account where you can play free and learn strategies for games such as blackjack and roulette. These demo games will enable you to hone your skills, develop great tactics and make wise decisions when you finally bet with money.
5. Have a budget and stick with it
This can be pretty addictive, and if you are not careful, you may find yourself spending much more than you intend to. Though it takes much discipline, it is always wise to have a budget and make sure you don’t exceed it no matter what happens – especially in times when you are on a losing run. Always remember two critical things:
- It is best to quit while you’re ahead
- Trying to win back your loss will always result in losing more.
6. Have a time limit
Your money is not the only thing that needs to be managed appropriately in gambling. You must ensure to have a time limit set for gambling and stop playing immediately when you reach the limit. Keeping track of time helps you gamble responsibly without going overboard.
Casinos worldwide do not have clocks and windows because they make more money by keeping their customers away from reality.
7. Don’t be a victim of betting systems
Most betting systems are detrimental to your gambling. For instance, using the Martingale when playing blackjack requires you to double your bet after you lose. Although this system may work for a while, it will later result in greater and greater losses in the long run. Ever since humans started this, no system developed by any individual or technology can beat the casino.
8. Don’t take insurance in blackjack
Though getting insurance when playing blackjack is tempting under some conditions, there is a high chance that you will lose in the long run as there is only a 30.7% probability of the dealer’s downcard being one with a 10-point value. Insurance is a high-risk strategy that ends most times badly!
9. Gamble under the right conditions
Some games, especially card games, require some level of focus. Therefore, it is vital to ensure that you are in the right state of mind before gambling. Playing while you are emotionally imbalanced, such as being angry or depressed, can cloud your sense of concentration and push you to make poor decisions. Also, playing under the influence of alcohol will most of the time result in losses and make you take more costly risks than appropriate.
10. Be involved in other activities
Though gambling is fun and a great source of entertainment, it is crucial to always balance it up with other recreational activities. When gambling becomes the only prevalent activity in your schedule, it becomes an addiction, resulting in serious problems. Also, it is best to stop playing when you are not having fun.
Although gambling is primarily a game of chance and risks, everyone can improve their chances at successful gambling with the proper approach. Following the tips discussed above will help you minimize your losses and put you at a higher edge for winning. Do not forget to visit Parimatch for a fantastic experience in casino games.