Tag: bank account

What are the best ways to manage your own bankroll for online gambling

02 May 2012

There are various different ways of being able to manage you bankroll more carefully when gambling online. The most important thing to do is make sure that you are not betting more than you can afford. If you are spending more than you can afford on a regular basis, perhaps you should start trying to seek professional help before a serious gambling problem develops and spirals out of control.

If you have just made a deposit, don’t spend it all in one go. Try to spread it out as much as you can and don’t waste money on ridiculous bets with odds for example of 100/1 (100:1, +1000). This is one fast way of losing your money if you continue placing bets with odds that offer very little chance of winning.

If you have made a deposit of say $/€/£50.00, try to spend as little as one fifth of this bankroll. This rule can be used whether you are playing online poker or bingo, placing some sports bets or playing on your favourite game in an online casino. Never put all of your money into one game, which is what many gamblers tend to do. Like the saying goes, “Never put all of your eggs into one basket.”

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