online casino bankroll

Always Watch for Better Bonuses

One of the first things to understand is that no matter how big a casino welcome bonus you’re offered, you should always keep on the lookout for a better one. In addition to exclusive perks like free spins or free chips, some casinos have been known to give reload bonuses up to 200% extra or more with just a $25 deposit. This applies to both slots and table players, although the accompanying wagering requirement might vary depending on your game selection. Don’t be shy when it comes to seeking out the best deals. The bigger the bonus, the more money you can add to your total bankroll. Passing up an extra $100 on your bonus is the equivalent of a $100 in terms of impacting your ultimate bottom line.

Plan Your First Deposit to Make the Most of Your Casino Welcome Bonus

Sometimes you can manipulate your deposit patterns in such a way that will let you extract the most value possible out of your casino welcome bonus. For instance, consider a player that makes a deposit of $50 a week. He or she would likely be better served by making a $200 deposit in one shot instead as this would likely garner a larger percentage bonus without the necessity of spending any additional funds. Bigger bonuses mean a bigger bankroll, which in turn means less money spent each month long-term while enjoying the same amount of gameplay.

Plan Your Casino Deposits Around Bonuses

The odds are always in the casino’s favour but if you put your promotions to good use it will help you to level the playing field. Before committing to a casino check to see how often and what size promotions they offer throughout the month. This information is generally available on the website but if you have any difficulty finding it don’t hesitate to contact their customer service department; they are there to help. Also look for or ask about loyalty programs. These programs will reward you based on every bet you place.

Track Your Deposits, Bonuses, and Winnings

One last tip is a reminder to keep track of the total amount of your bankroll as well as the bonuses received in a spreadsheet that you can refer to in the future. By keeping all of your information close at hand you’ll be less likely to let any bonuses expire accidentally. With all of the things you need to remember in your daily life, there’s no reason to burden yourself by trying to keep a mental note of you bonuses. Simply by jotting this information down you’ll save a lot of money over time. It only takes a minute and you’ll be rewarded with extra time at the casino.

Wherever you decide to play, and whatever game you choose, applying a consistent money management strategy will make your game-play more effective. Managing your online casino bankroll sensibly will allow you to stretch your online casino bankroll, giving you the opportunity to participate in more games than you would if you were spending mindlessly. Below are some essential components of good money management for you to us to get the most action for your gaming dollars.

Step #1 – Establish an Online Casino Bankroll

Money that has been set aside for gambling purposes is often referred to as a bankroll. When determining how big an online casino bankroll should be, players often base it on how much money they can afford to lose in the event they find themselves on a losing streak. You never want to find yourself in a situation where you’ve overspent and suddenly find yourself unable to meet your financial obligations such as paying your mortgage or your health insurance premiums or even just your grocery bill. For this reason, you can’t look to someone else to decide exactly how much money you can comfortable set aside and your financial situation is unique to you, and you alone.

Step #2 – Set a Session Limit

Risking your entire online casino bankroll when you sit yourself down to play at an online casino is pure madness. A much more sensible strategy is to define a set amount of money for each gambling session. This will ensure that the majority of your bankroll will remain intact in a worst case scenario, like a particularly bad run of luck. A good rule of thumb is to refrain from spending more than 5-10% of your bankroll during any one session. That way, if Lady Luck is not on your side, you’ll still have a reserve of 90-95% of your bankroll left, which you can use when the bad luck has run its course.

Limits for future sessions should then be based on the balance of your online casino bankroll. For example, if you alot 5% of a $500 bankroll for playing, thereby giving you a session limit of 25, and you lose, you would then take another 5% of the $475 remaining balance in your online casino bankroll, giving you $23.75 to play with during your next round of play. By applying percentages to your session limits, any amount of money that you put into play will always remain as an indication of the current size of your total bankroll.

Step #3 – Make a Plan and Stick to it

Keep in mind that just because you are only putting a conservative percentage of your overall bankroll into play, this doesn’t mean that you should spend recklessly. There should always be a betting plan in place so that you can maximize any deposits you make. Read up on the vast number of betting strategy articles available online, including right here on Dr-Casino.com. You can then determine if you want to follow one of these proposed strategies or simply split the money you’ve allotted for a particular session into equal units of ten, twenty, or more. This will allow you to place the same number of bets at the slot machines, blackjack or roulette tables, etc.

Step #4 – Know When to Quit

Winning or losing when playing at an online casino over the long-term can often be determined by whether or not you know when to walk away from the tables. If you find yourself routinely playing until your session limit has been eradicated, then chances are that you will inevitably lose money over a long period of time regardless of how often you win in the short run. But, if you learn to quit as soon as you start to generate a decent amount of profit, you’ll have an opportunity to profit in the long run as well. For instance, you might opt to quit playing should you double your online casino bankroll. Or, you could decide that a 50% profit on top of your session limit is sufficient. Whatever the scenario, determine when you will stop playing in advance and no matter what, keep to it.

No money management strategy on earth can guarantee that you will be successful at an online casino. However, the guiding principles set out above are much more likely to put you on the path to riches than if you were to play without exercising any technique whatsoever. Follow these suggestions for a month or so and you’ll discover what a difference a little money management can make.