Home /
News /
Casino Bankroll Management /

Casino Bankroll Management

Most people think of the casino as a location for gambling. They tend to imagine that betting is the most important aspect. We're not saying that they're wrong, just that a lot of the ideas about casinos fail to recognize the most important factor in having a good time. And that is, how to manage your casino bankroll so that it will last the evening.

Rate this news

Image source: Flickr

Introduction: Casino Bankroll Management

Imagine yourself as an online player. You find a casino you like, sign up, make your first deposit, collect your bonus and then you start to play. Hand after hand is a fold and before you’ve had time to look at all the playing and gaming options, suddenly all your casino bankroll is used up. Bummer! But there are things and good practices you can put into play to ensure that your next session doesn’t end prematurely or in abject disappointment. By the way, if you would like to spin the slots and doesn’t interested in a cosy night in the casino, just check out the online jackpot sites.

Split Your Casino Bankroll Up

As far as casino games go, we take budgeting very seriously. If you stick to a limit, then you can easily take the losses in your stride. Everyone can easily spend a budget much faster than they anticipated to do so. Some punters set a monthly limit, ad within just a few days, they’ve already reached it and in most cases, gone over budget. To that end, we recommend that you set yourself “mini budgets”. For example, you can set yourself a monthly limit of say, $500, but have a daily limit of $50. This way, if lady luck isn’t smiling down on you for one day, you will not go breaking the bank over it. After your daily limit of $50 is gone, you leave the casino and do something else.

Withdraw Your Deposit ASAP

Many players have a problem when it comes to smashing the “cash out” button. But you’d be surprised as to what a huge improvement that can make on your overall casino bankroll. We always recommend that you cash out the moment you hit 3 x winning of your initial bets. Even if there are just “low win” bets, it’ll get you in the correct frame of mind for responsible money management. This was, even if you just break even, it’s still better than losing.

Lower Casino Bankroll, Lower Bet

Just because this sounds like common sense, doesn’t mean that players follow it. Anyone can experience a dry spell. And it’s very easy to become frustrated about it. At this point, some punters might be tempted to start doubling up bets to try and make up for their losses. Don’t do it. It hardly ever works and will just lead to greater frustration as the constant doubling will deplete your casino bankroll even faster. We suggest that you slow down. Start making much smaller bets even at the table bare minimum bet. On the whole, if your bankroll is going down, then factor in making smaller bets. This way your money will go further and there’s always the chance of a win coming along.

Know Your Variance

This is an important point. Most players will understand the difference between putting $5 into a slots machine and playing $5 per hand at blackjack. And that difference is called “variance”. A game with high variance is one which is all about a sudden burst of luck. So you can be playing forever, and then suddenly you hit the jackpot. Slots, video poker, and scratch cards are good examples of this. For low variance games, look to blackjack and baccarat. With these games, winning and losing are really very up and down. Now with a high variance game, you should really play with smaller bets. Your casino bankroll will last longer. We suggest that you always start any online casino game on the “fun” mode, then you’ll be able to see the rate of loss. You can find many options like this between the best jackpot reviews.

Casino Bankroll: Keep Your Cool

Maintaining a level head is everything at the casino games. More especially so when you’re going through a losing streak. Don’t start chasing losses, like anything, but nothing good, will ever come of it. Another thing many frustrated players start to do is over-betting, which just uses up the casino bankroll at a faster rate. If your mind starts to say “just one more spin”, then it’s time to be leaving. Remember that you’re playing with real money….and that it’s your money! So, if you find yourself making poor decisions based on a frustrating point of view, then please just step away from the games table. If you’re playing on the internet, close the browser and go and make a cup of tea. The second you notice that there’s no fun, then that’s the moment to stop playing.

Casino Bankroll: Just Enjoy Yourself

We suggest that you are always aware of why you’re gambling. It’s not some magical get rich scheme, and you only have to take a look at the casino company’s profits to see that. Just see it as a time filler or a form of entertainment. Don’t take it too seriously, unless you have the skills and time to go down the professional route. Just enjoy yourself.