Casinos are fun and exciting as a means to spend time with buddies, or just have a good time on your own! While gambling can be good for some, for others it may be tough, owing to continual loss. No one really likes to lose money. Every gambler has a gambling fund, each larger or replaceable than the other. To play longer on a bankroll, a newbie, or any gambler for that matter needs to have some strategies up his or her sleeve. Here’s how you can manage your money like a pro!
Before you make the leap
The first thing you need to be aware of, way before you head for a casino, be it a brick and mortar one or an online casino like Spin Casino India, is that increasing your bankroll begins even before you begin gambling. Be patient and do your homework.
Don’t gamble with the money you can’t afford to lose
Not every game can be won, so it’s important that you have a budget and you stick to it. Irrespective of how many books you may have read, tips and tricks you may have memorized or how long your baccarat winning streak is if you don’t have a bankroll that cannot handle your downswing, you’ll just end up losing it.
Avoid gambling on single bets more than you can
Akin to day trading where it’s so easy for amateurs to invest their money in a frenzy, get lucky with a few wins and then lose it all, gambling can be quite tempting when you’re on a roll. Be a smart player, when playing online casino games, notice how the smart players have their big bets mirroring the size of their piggy bank! A smart poker player will avoid betting more than 1% of his funds on a single game. This allows you to maintain control.
Don’t get soppy over your losses
When playing online casino games, be true to your bankroll and prepared for losses as well. You need to be conscious of the kind of risks you can take in your next game. When you are struck with a loss, just take a break and get some fresh air! A stop-loss limit will protect you and your moolah.
Take your wins
Remember to withdraw your wins. Each time you double your initial stake off the casino’s money, extract the initial deposit, which implies that the money left in your game account is pure profit and there’s no risk to your funds.
Most gamblers lose over time and their losses tend to overflow their playtime. If you follow time limits, you can avoid accruing losses. So even if you’re winning and you play longer, you may end up losing later. Walk away in time.
Winning should have its limitations too
Setting the win limit can protect your bankroll too. Avoid mixing your wins and losses. For instance, if you play blackjack and have a $100 limit for loss with a $50 win limit, begin playing with $100. You quit if you lose, but even if your balance reaches $200, you quit. This way you have more chances of ending a session with a profit.
Slow play allows you to lose less. Irrespective of whether you play the slots or a high house edge like Keno, Video Poker, etc., the slower you play, the less you bet every hour.