What are the best ways to manage your own bankroll for online gambling
02 May 2012
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.”
If you are careful (and lucky) with this starting cash, you can perhaps set aside the winnings and revert to the starting amount again (the one fifth amount) and try to and do the same thing again. If you started with $/€/£10 and you managed to turn this into $/€/£25-30, great! Now you can treat this $/€/£15-20 as winnings and try not to touch it. Although it’s visible and too easy to spend, you must try try to ignore it and start off with $/€/£10.00 again. If you can discipline yourself in this way, you will soon start to see a pattern emerging, and that pattern is profit.
Once you have made for example $/€/£50 to $/€/£100 in profit, now is the time to make that withdrawal back into your e-wallet or bank account because for too many players, having that money right where you can see it can often be too tempting. If it’s not there, it can’t be spent.
It's all very well saying this, but actually sticking to a strict regime like this takes a lot of practice for most people. Some punters can naturally manage their bankroll without feeling as though they have to be strict on themselves. Unfortunately, many people find it very difficult to do this. All you need to do is be strong and be happy with what you have just won. Don’t go and blow it straight away. Winning small amounts like this may not be enough for many of you, but these rules can still be applied whether you are a lowroller or a highroller.
If you can get yourself into this routine, you should be able to take better care of your bankroll in no time. Don’t forget though that you won't always win doing things this way, but it will certainly help you manage your bankroll.
Tags: online casino, online gambling, gambling, casino, bankroll, bank account,
Posted In: Online Casinos, Gambling Problems,
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