What to Do When You’re on a Winning Streak at Online Casinos
Here’s a scenario for you. You deposited $100 onto a real money casino site and then go on a nice winning streak and run it up to $400. Now that you have a nice little cushion, for your bankroll, what do you do? Today, we will go over what to do when you go on a winning streak at online casinos.
Move Up to Higher Stakes
Let’s assume that you made your run playing $1 per bet video slots or online blackjack. Now that you have some nice profits, you can think about maybe moving up to some higher stakes. Think about moving up to $2 per hand when playing blackjack or maybe move up to $2 per spin in slots.
The downside to this is that you’re going to give yourself fewer chances to win than you would sticking to lower stakes. Of course, you are giving yourself a chance of increasing your earnings if you happen to continue to run on a hot streak.
Keep Doing What You’re Doing
For some of you, you’re going to keep playing the same games and the same stakes that started your run. There’s no need to change things if you’re winning right? This is a smart move for recreational players as you now have enough money to continue playing for a while.
Of course, you will be limiting how much you can win as you are not moving up to higher stakes, which generally means bigger wins. Sticking with what was already working is a safer play that’s good for recreationals and those that want to balance variance.
Play Other Games With a Lower House Edge
One way to help protect your big win is to play games that have a lower house edge. Baccarat, the basic bets of Craps, and 9-6 Jacks or Better video poker are all games with a lower house edge. When you keep the house edge low, you will reduce variance. It gives you a great chance of protecting your bankroll until you can go on another massive win.
You can also opt to play online slots with a higher RTP. You want games of 96% or higher to help reduce your variance. Stay away from progressive jackpot slots as they are super high variance and will drain your funds.
Cash Out Your Profits
For some people, $200 or $300 is a nice little win and worth squirreling away. If your casino will allow it, you might want to cash out those profits and leave your initial deposit. Granted, this assumes you don’t have an online casino bonus attached to the deposit If you have a bonus attached, you will not be able to cash out without forfeiting the bonus.
Check your casino for any withdrawal limits. For example, some casinos may require that you have $500 in your account to make a cash or check withdrawal. In those cases, you can still cash out using Bitcoin and cryptocurrency.
If you decide to cash out, you can still leave enough to still play and try to go on another run. If you lose your initial deposit, you’re still up overall.
Play Online Poker
If you’re also an online poker player, you can take some of those casino winnings and try to run it up at the poker tables. Ignition Casino has a poker room that you can try and run up your bankroll. Otherwise, you may be able to play Poker3 Heads-Up Hold’em to try and run up your bankroll. If you are not an experienced poker player, this is not the best option as experienced players will drain your bankroll.