When betting online for real money, there are a few things you should be aware of, which we will go over in detail right here. In most places where certain online gambling activities are permitted, you must be at least 18 years old, but in certain nations, provinces, or states, the legal minimum age to bet online for real money is as young as 19, 20, or 21. It differs in different parts of the world.
Here’s everything you need to know about betting with real money online, whether you’re betting on sports at a sports betting website, playing Texas Hold ’em poker at a dedicated online poker site, playing your favorite slots, table & card games at an online casino, or playing 75-ball bingo at an online bingo site.
How to Bet Real Money Online
There are literally thousands of online gambling sites where you may gamble real money nowadays. However, keep in mind that in order to join up for any of these sites, you must be the legal minimum age. Before you can put a real money wager, you must first create an account. The following are the most likely gaming sites to appear in 2023:
- Sports betting websites (with betting markets for almost every major sport in the world)
- Online poker rooms (offering Texas Hold’em, Omaha, Horse, and other cash table games, as well as sit-and-go tournaments)
- Online gambling establishments (with live dealer games, table & card games, slots, video poker, progressive jackpot games, and more)
- Online bingo halls (which usually have 30-ball, 75-ball, 80-ball, and 90-ball bingo)
Online lottery sites (where you may wager on local and international lotteries, as well as play online slots/scratchcards)
What you should know before joining a gaming website
There are a few things you should be aware of before signing up to any old online gambling site you stumble across. You should NEVER sign up for an unauthorized real money gambling site to avoid being ripped off and to avoid having your personal information sold to a third party. ALWAYS seek out a site that has been completely licensed by a reputable licensing body in one of today’s key licensing jurisdictions.
Many of today’s most reputable real money gambling sites, for example, are regulated in Malta (by the Malta Regulatory Authority), Alderney (by the Alderney Gambling Control Commission), and the United Kingdom (by the UK Gambling Commission). There are also several reputable gaming sites that are regulated in Kahnawake (Canada), Belgium, Denmark, Gibraltar, New Jersey, Antigua and Barbuda, and Curaçao (former Netherlands Antilles), to mention a few. When you join up for a gambling site, you need also make sure that it is run by a respectable operator with a good track record and a good reputation.
Top online betting tips for real money
- Never pursue your losses since this might lead to even greater losses.
- Real money online betting is intended to be enjoyable.
- Set deposit restrictions (and/or session duration limits and expenditure limits) whenever possible.
- Enter the gaming site with a budget in mind, and never spend more than you can afford.
- When playing a game for the first time, lower the stakes or ensure that they are set at a value that you are comfortable with.
- Don’t bet out of desperation.
- Remember to practice playing free-to-play games before putting your money at risk in the real money mode, especially when trying out new games.
- No matter how appealing the odds appear to be, no wager is safe.
More to be careful of while gambling for real money online.
When you sign up for the first time at a real money gambling site and make your first deposit, you can generally claim what is known as a welcome bonus (or sign-up bonus), and the most common new player welcome bonuses are matching deposit bonuses, which basically reward players just for making a deposit. When you make your first deposit, you will be given the bonus, which you can take or refuse. However, if you initially refuse the welcome offer and then change your mind, you will be unable to reclaim it because the offer will have already expired.
In other words, make sure you make the right decision when you are offered your welcome bonus to avoid disappointment. You also need to be aware that pretty much every new player welcome bonus in the world will come with wagering requirements attached. Much to the annoyance of players, wagering requirements (which are sometimes known as roll-over requirements or playthrough requirements) are something that you cannot avoid.
It’s the amount of money you have to wager before any winnings that you have made can be withdrawn from your welcome bonus money, and the amount could be worth anywhere from 10x times up to usually no higher than 70x the bonus amount (+ the initial deposit amount also generally needs to be wagered too). If you don’t accept a bonus, then you won’t have to complete any wagering requirements. However, if you do complete them and have some winnings left over, the winnings are yours to keep without any restrictions.
Always read the fine print when claiming a welcome bonus (or any other bonus for that matter) to avoid being let down.
Betting online with real money is supposed to be fun, so if you aren’t having fun anymore, you may want to take a break for a while and then only come back to your favourite site when you’re in a much better mood. You can often set time-outs for 24 hours, one week, one month, or longer, which some people find useful. Also, if you do end up winning big, don’t forget to withdraw every now and then.
Let’s just say that you deposited $/€/£50.00 (or equivalent currency value) and ended up winning $/€/£320.00, which means that you now have $/€/£370.00. You could perhaps withdraw the $/€/£300 and leave the $/€/£70.00 in your account for another day. It’s simple things like this (and everything else mentioned above) to remember that will ensure you have a much more enjoyable experience each time you bet online with real money mode.