Whether you play for real money in online casinos like Bodog or sports betting sites like Sports Interaction, knowing how to manage your bankroll is sometimes just as important if not more important than what you are betting on. Today we are going to share with you 2 tips on bankroll management for the next time you decide to wager in 2018.
Are you fed up losing everything that you deposit into your bankroll? Do you want to see some good money coming in, or at least a reasonable number of chips in there? It is not easy for everyone to manage their bankroll, especially when you are playing at an online casino from the comforts of your house. For instance, if you indulge yourself in real money online roulette and are not careful enough to even take a look at your bankroll, then it won’t take you long to go broke. We tend to splurge more than we should over online casino games just because they are highly convenient. Here are the top 2 tips that will help you manage your bankroll better than most.
1. Secure a Threshold Point: Not literally of course. Just tell yourself that you won’t play anymore if your bankroll falls below a certain number. Then, no matter what happens, you need to simply log out of your account and be happy with your substandard winnings. Once you get used to this threshold point, you will automatically stop playing without even taking a look at your bankroll. Keep increasing the threshold point every month or two. Thus, after a few months, you will find your bankroll picking up steam. This is also alternatively known as the stop-loss strategy. If you are on a losing streak, you should know when to stop playing. It is human intuition to try to recover the money lost, so you will feel like playing more. You only need a threshold point to help you break this streak. There’s always a better tomorrow after all!
2. Winnings should Exceed your Deposits: While it may be a fact that the house always wins, the overall losses of the other members in the online casino are included too. Thus, it is perfectly possible for a single individual to win more than what he/she deposits. There are always the bonuses that let you play more than what you have deposited. If you tend to deposit a small amount every day, then take a week to assess your winnings. If they exceed the deposited amount, you are on a favorable path. If not, then it’s time to accept that you need a break. Try your luck after a couple of weeks; you are bound to win some day!