Dmytro Ternovyi
Online marketing enthusiast and technology writer
Gambling Tips

Here’s what You Need to Know about Real Money Gambling in Virtual Reality

The first online casino popped up in 1996, with only a handful of games to its name.

Now, over two decades later, online gambling is multi-billion dollar industry, projected to be worth in excess of 66bn USD by the year 2020.

Legalization, regulation, and the proliferation of smartphone devices has helped popularize online gambling in general, and mobile gambling in particular.

And with the growth of Virtual Reality (VR) hot on its heels – the VR industry is projected to be worth over 30bn USD by 2020 – it’s clear online gambling will be taking place in the virtual world sooner rather than later.

In fact, many companies are already betting on VR gambling business ideas, but what does this mean for the players? How will VR change the way you gamble?

Well, the short answer is, it won’t dramatically change your approach to gambling. Rather, VR will enhance your experience with immersive gameplay.

However, there are still dos and don’ts to real money gambling in Virtual Reality of which you must be aware before you pull on your headset.

In this article, we’ll share with you some advice you should heed before gambling online for real money.

Let’s start with what you shouldn’t do:

Avoid These Online Gambling Mistakes

1. Don’t gamble with money you don’t have, or that you can’t afford to lose.

Gambling online – and in Virtual Reality – is clearly different to gambling in the real world.

It’s all too easy to stray from your original bankroll, simply because with the click of a button you can deposit more funds from your bank account or credit card.

Just because you’re sitting with a VR headset on, playing in a virtual casino, doesn’t mean it’s virtual money at stake. If you don’t have it, or can’t afford to lose it, don’t bet it.

2. Don’t play when you’re drunk or tired.

Alcohol and fatigue can severely limit your ability to make good choices.

Your senses are dulled, and you just won’t be thinking straight. If you normally play with a specific strategy in mind, you can quickly and easily lose track of it. And that will only lead you to losing more money and becoming more frustrated.

3. Don’t lose track of time.

When you’re gambling for real money in VR, day can turn to night before you know it.

Being immersed in a virtual environment is exciting, but it’s not without its responsibilities. Make sure you’re playing in a VR casino that tracks the time, or at the very least has clocks with the real time on the walls!

The last thing you want when gambling in VR is to get so carried away that you shirk real-world responsibilities.

4. Don’t chase your losses.

This is generally good advice for any type of gambling. However, when it comes to online gambling, where depositing more funds is just a click away, it’s particularly important.

If you find yourself on a losing streak, don’t keep playing hand after hand of virtual poker or pouring more money into virtual slots in an attempt to win back what you’ve lost.

Instead, take a deep breath, accept that losing is part of gambling, and exit the game. Otherwise you might end up deeper in the hole.

Keep These Online Gambling Tips In Mind

1. Do research and use gambling strategies.

While a huge amount of online gambling will come down to sheer luck, there are strategies that will help you minimise your losses, maximise your winnings, and generally help you enjoy the whole experience a great deal more.

Make sure you read up on, and stick to, gambling strategies before you pull on your VR headset and enter a virtual casino. It’s a good way to ensure you focus on the game, and to keep your emotions in check.

2. Do practice playing online casino games without betting real money.

You know what they say: Practice makes perfect.

Play free online casino games in order to better understand the mechanics of the game, without putting your money at stake. Once you know the rules inside out, and you’ve perfected your strategy, you’ll be ready to make a real money wager.

3. Do remember that you’re supposed to be having fun.

Sure, there’s a chance you could strike it lucky and win a massive jackpot. But the odds of doing so are minimal at best.

Instead of logging on to chase your fortune, try to find the enjoyment and excitement in online gambling. Be happy when you win, and not too disheartened when you lose.

What’s more, remember to set yourself a time limit for how long you’re going to spend playing, and a budget for how much you’re going to gamble. That way the experience remains a fun hobby, rather than an expensive and time consuming way of life!

4. Do your homework before you start gambling online.

With so many online casinos out there, you might be tempted to just start using the first one you find. However, it’s always a good idea to do a bit of digging before you start putting up your money.

Check out reviews from current or previous players, and use comparisons sites to compare deals, bonuses, games, languages, and more. That way you can be certain you’re playing with a reputable and honest online casino.

And speaking of bonuses, make sure you find the best ones available prior to playing. Many even offer to match your deposit, giving you even more to play with.

How Can BetOnVR Help?

We can’t help you with a foolproof gambling strategy, and we’re not very good at counting cards, virtual or otherwise.

But what we can do is build world class VR casino apps and platforms. So, if you’d like to skip the playing and instead set up and run your very own real money virtual casino, we can help.

Our experienced team of app developers can work with you to produce a custom VR gambling platform that will make the industry sit up and take notice.

Are you ready to bet big on VR? Contact us today to get started.