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Casino Bankroll Management Guide
- April 11, 2019 By Riley Wilson -
Here, on the CasinoDirectory gaming portal, you can find a plethora of useful articles and guides. However, if there is a single one you should read, it is this one. The art of casino bankroll management is what you have to master before you start playing real-money casino games. The successful management of your budget is a prerequisite for your overall success as a casino player. No matter how effective is the strategy you use, only managing your bankroll can turn you into a winner.
How to Set Your Bankroll
Setting your bankroll is the first step you should make. But let us first explain what a bankroll is. To put it simply, a bankroll is an amount of money you can afford to gamble. That’s right, you have to set aside a sum of money you will use for wagering. It is the money you don’t need to pay your bills or buy groceries. It is the money you don’t need for your everyday life.
So, to set your bankroll, you first have to decide how much you can afford to spend playing casino games. That amount can be as low as a minimum deposit you have to make or higher, it depends on how much money you have. Once you set your bankroll, you have to stick to it, meaning that you should not exceed it no matter what.
Make Wagers Strategically
Sticking to the bankroll means knowing how much you can afford to wager. You should know when you should increase or decrease your stake based on your performance. Choose those games that you can afford and place reasonable bets without risking too much. If you play slot machines, choose those with a higher RTP as they are proven to pay best. What’s great about slots is that they can award a hefty payout in a single spin provided Lady Luck is on your side. On the other hand, table games come with a lower house edge when a proper strategy is applied. Although payouts they deliver may not be as attractive as those paid by slot machines, by applying a proper strategy, you can build your bankroll while playing them in the long run.
Take Advantage of Bonuses and Promotions
Casino bonuses and promotions are a great opportunity for you to give your bankroll a boost. From welcome bonuses given to new customers to perks given to existing players within loyalty schemes, all these can increase your bankroll and enable you to play casino games longer. The longer you play the more chances to win, so playing with bonus money or free spins can definitely be useful. Unless they come under unrealistic terms and conditions.
Before you claim a bonus, you have to check out the terms and conditions. Especially pay attention to a wagering requirement which indicates how many times you have to wager the money you have received. Sometimes, they can be set very high meaning that you cannot meet them without risking large amounts of money. This can make you deposit and wager more than you can afford. If this is the case, just skip such a bonus. A reasonable wagering requirement is set between 30x and 40x the bonus amount.
These are basic guidelines you should follow when managing your casino bankroll. Keep in mind that most casino games are based on luck, meaning that at one moment you can win and end up as a loser in the next round. That’s why you have to be patient and play wisely. Don’t let a winning or losing streak make you change your mind, because playing casino games with real money is all about self-control. Learn effective strategies for the games you would like to play and use them while sticking to your budget to make the most of the gameplay.