5 Tips to Control Your Bankroll

5 Tips to Control Your Bankroll

It's not a big secret that casinos are a business. Like all businesses, their main goal is to make money. To do this, they try everything in their power to make your lose yourself in the experience of gambling. Online casinos are no exception. There's no problem with this: gambling is fun! However, it's important to control your bankroll to ensure that you have the most enjoyable time possible, and losing more than you can afford is never fun.

Tip 1: Stop when it isn't fun anymore.

Michael Shackleford (the Wizard of Odds) said it best: “Stop when it isn't fun anymore.” Sure, there are plenty of bankroll management schemes, but they can all be grouped into this statement. Remember, gambling is supposed to be a recreational activity, not a means to make money. If you're starting to chase losses, you're no longer having fun: you're trying to make money. Everyone ought to know that the casinos always have the edge, so gambling for the sake of trying to earn money is pointless and can only cause problems.

The best way to approach this problem is to periodically step back from the game and ask yourself, “Am I having fun?” If not, find something else to do to occupy your time. This is much easier to do at an online casino. Just close the casino and find something else to do!

Tip 2: Try playing with bonuses.

Online casinos are better than brick-and-mortar establishments for the wide variety of bonuses that they offer. These allow players to enjoy themselves for much longer while gambling on the Internet. Bonuses almost always come with a playthrough requirement. This means that you have to wager the amount of the deposit and the bonus a certain number of times before you will be permitted to withdraw. These bonuses set an easy way to control your bankroll: complete bonus wagering, and then withdraw immediately.

Before taking any promotion, always remember to read both the general and the promotional terms and conditions. Getting your deposit refunded and winnings confiscated because you broke a term is not any fun.

Tip 3: Pretend that the reverse withdrawal option does not exist.

If there's one way that online casinos succeed in getting players to lose more than they want to lose, it's the reverse withdrawal method. After making the decision to withdraw at any online casino, the transaction will be shown as “pe­ndi­ng” in the cashier window, and almost certainly there will be some easy-to-find button to put that withdrawal back into your casino account. Don't do it! By making the decision to withdraw, you have already said, “I am done gambling and want to enjoy my winnings.” Don't take that away from yourself. Wait for the withdrawal to make it into your hands before you consider depositing into the online casino once again.

To assist with this, many reputable casinos offer various gambling control mechanisms. Some allow you to flush a withdrawal. This means that the reverisble period is cut short dramatically and the money will reach you much sooner. Just ask support if they can flush your withdrawal. Other online casinos offer deposit limits, which include reverse withdrawal limits. Check with support or look in your cashier to see if this option is available.

Tip 4: Buy something you've been wanting with the money.

Once your withdrawal makes it into your hands, it's important to remember that this is real money and not plastic gambling chips. You can do anything you want with this money! Whether you've been needing some work done on your house, a new monitor, or even a down payment on a car, using your gambling winnings will solidify the idea that the money is yours and not the casino's. While gambling should never be a source of income, any winnings you do get should always be put to good use.

Tip 5: Choose a select few casinos to play at.

The wild world of online gambling is filled to the brim with casinos, both good and bad. While there is nothing wrong with testing out many online casinos, keep in mind that most reward loyalty, and being able to play for free is a fantastic way to avoid any bankroll problems. Figure out which casinos treat you the best by evaluating your experiences. Whether it be through stellar support, reload bonuses, and/or game selection, picking just a few casinos to play at is bound to give you the best shot at enjoying free loyalty bonuses and comps.

With these five tips, bankroll control at online casinos should be much easier. While physically leaving the casino is not a burden when you're on the Internet, online casinos still have plenty of ways to keep you gambling. Just remember that gambling is supposed to be fun! When it's not, take your money and use it how you want to use it.