While gambling is not as popular in Canada as it is in the United States, there are still many Canadians gambling as one of their favorite pastimes. Recently, the Canadian gambling industry experienced a 3.9% CAGR decrease between 2018 and 2023 as the youngest potential gamblers may be investing their money into other leisurely activities.

If you are a Canadian who likes to gamble, you may enjoy logging on to Novibet online casino Canada to make your wagers for your favorite online casino games. Today, we have some casino betting tips for you to have fun while you are gambling but also while doing so responsibly. Keep to your budget and have your bets only be a small percentage of your payroll. Locking up your credit cards (physically and virtually) and playing games with a lower house edge are other ways that you can bet smartly in an online casino.

Wager a Small Percentage of Your Bankroll

One of the best ways to start small with betting is to only wager a low percentage of your overall bankroll. Start with about 5% to 10% of your bankroll to make the bet a qualifying wager while still the possibility of an okay return on investment if you do happen to win the bet.

If you want to keep playing longer, especially if you are spinning slots, you may only want to wager about 2% to 3% of your bankroll. Remember that the higher your original bet, the higher the return will be. However, it’s best to start small so that you do not consume your entire bankroll too quickly.

Lock Up Your Credit Cards

Especially if you know that you overspend, not only should you physically lock up your credit cards, but you should also call the credit card companies to ask them to prevent you from making purchases at any casino establishments or online casinos. While this may sound silly, this prevention tactic will help you to keep strictly utilizing your bankroll designated for gambling only.

While losing your bankroll and not getting any return back could cause you to feel tempted to grab one of those credit cards, don’t sink into the urge. One of the greatest rules of gambling is that you should not put up bet money that you cannot lose. Overspending bets on credit cards or dipping into bill money will only cause more issues than good, even if you end up winning some of that wagered money back. It’s not worth the risk to attempt to win that money back once you have already exhausted your designated payroll for casino betting.

Play Games With the Lower House Edge

Games like roulette, blackjack, and baccarat have what’s called a house edge. The higher the house edge, the higher the chance that the dealer would win versus you when making a bet. Choose games with as low of a house edge as possible so that there is a higher chance of your bet winning. However, whether you choose a game with a higher or lower house edge, there may be a possibility that the odds may not be in your favor. Always keep this in mind as you make your wagers.

Know When To Walk Away

If you keep winning in a game like roulette or slots, know when it’s time to walk away. Sure, luck may be on your side now, but there could be that one spin and that one instance where you may lose everything. If you win at least two to three times in a row, move on to another game so that you can keep a hold of your winnings.