Implementing even basic bankroll management has always been the key to success or at the very least, the key to not losing too much at an online casino. In fact, if an online could choose one thing that it hopes its players lack, it would be the ability to perform bankroll management on their account.
Here we will take you through some of the best bankroll management tips to ensure that you are not risking too much at the online casinos.
- Set Yourself a Budget
Always the number one rule when implementing bankroll management is to set yourself a realistic budget. When you look for a new apartment, do you pick one that you cannot afford or one that fits nicely into the bracket of affordability? This is what you should be doing with your bankroll. Only play with money that you can afford to lose.
Think of it like that money is going to go, that you are going to lose it and that you’re fine with that. If you can lose that money and not impact your life, that’s fine. Do not use money that is required for more important things.
- Stick to a Realistic Betting Range
Now that you have your budget, you need to set your ideal betting range. There is no point having a weekly or monthly budget and then just lumping it all on red at the roulette table. Your session is not going to last long if you always bet your entire budget in large bets. Instead, use a small percentage of your budget on any particular bet. Some people say 5% of your budget while others will go as low as 1%. It is up to you but anywhere in between those ranges would be fine.
- Play Without Emotion
There are two types of chasing that occur when playing casino games. It is to chase the high of winning and to chase any losses after losing. Both can be quite dangerous if you cannot get on top of them. The most successful players will always be able to control their emotions. When chasing, rational thought can sometimes be lost and this can only lead to bad decisions and losses at the casino game.
- Withdraw Your Deposit as Soon as You Can
If you have had a great session at an online casino and have made some nice profits, it is sometimes a good idea to withdraw the amount you originally deposited. This means that you are now playing with profits only and even if you lose them, have actually lost nothing. We generally suggest doing this when you have doubled your original deposit. That would give you the same amount to play with that you had already deposited.
Hopefully, if you heed the advice above, your experience and success at the online casinos will have improved. There are plenty of other great blogs that can help too, such as those on the C9BetWin casino gaming blog.