Online Casino Bankroll Management
Plenty of people have deposited money into an online casino account and blown it all in just a few minutes. It's not a pleasant feeling, and it's best to avoid it if at all possible. Online gaming for real money should always be approached as a form of entertainment, with full knowledge that losses occur much more often than win. But it is possible to stretch that entertainment out provided that sound money management practices are kept in mind while gaming online./p>
Bankroll Management Tips and Strategies
The most important bankroll tip that can possibly be given sounds like common sense, but it's still worth repeating: Only deposit what you can afford to lose. Once real funds are committed to an online gambling site, it's wise to pretend they don't even exist. The edge on all casino games is always with the house, and while many people do win at online casinos, there are many more who lose. It may sound like a cliché, but it's smart to hope for the best but expect the worst.
With that in mind, the next step is to choose games that can maximize your gaming time. What you are looking for are games with a low house edge – that is, the mathematical advantage that the casino has over you, the player. Blackjack, craps and high denomination slot machines are examples of games with low house edges, while roulette, keno and penny slots are games that favor the house more strongly. That doesn't mean you shouldn't play roulette if that's your favorite casino game, just know going in that your chances of losing money are higher when you play.
The final part of basic bankroll management is to pick games with the proper limits or denominations for the amount of money you have set aside to gamble. A bankroll of $50 won't last long at a $10 blackjack game, so it's smarter to look for a $1 table if one is available. A very general rule of thumb is to have 20 to 30 times the minimum bet at table games or the max bet at a slot machine in order to maximize your chances at some decent play time. Following all of these bankroll management tips can go a long way toward making your online gambling experience higher on fun and lower on regrets.