Money management is something that everyone needs to take a few moments out of their day to focus on, especially if playing online casino is something that you do pretty much every day or at least 3 times a week. Managing your bankroll can play a key role in your day to day life, and it applies to those who are playing at a land based casino, an online casino
, playing bingo, roulette, any sort of game you must make sure that you always keep an eye on the money that is going in, and the money that’s coming out!
As they say, the casino always wins, but how true is this and how can we put that into perspective when managing our bankroll? Rule number one and the golden rule is to make sure that you never gamble more than you are prepared to lost. But don’t worry because we are here to give you the necessary tips and strategies you will need in order to make sure you have a sharp eye on your expenses and incomes at the casino.
First and foremost you will need to make sure that you have set a realistic limit as to what you are expecting to spend. Some say that limit setting is the most difficult part because this is the amount that you must not go above. Say that you are on a roll in your online blackjack
game and £500 was your absolute limit for the week and you have just spent your last few pounds but are winning. You have to stop no matter what and no matter of the circumstance. This can be a very hard thing to do hence why setting a realistic limit is the trickiest tip of all.
You know how in a relationship there is usually the very organised one who keeps track of expenses, incomes and unexpected bills etc? Well, this needs to be applied to your gambling too. Playing casino does not mean that you have lots and lots of cash that you can just throw at the roulette table without needing to keep count. Ok, perhaps for some players this may be the case where money is no object, however for many of us it actually is and we need to make sure that every month we have a good old check on our gambling limits and how much we have spent. Just have a little journal similar to a food journal close by where if you went over a few pounds you would just write it in so that at the end of the month it all adds up and you can keep track!
So you have your £500 limit for the month. Does this mean that you can blow it all at once? Absolutely not. It doesn’t matter if your limit is £10 or £1000 a month it does not mean that you should automatically play it all on one day on your new favourite slots. This monthly limit needs to be strategically split up into realistic goals for each time you are logged in. For example if you are thinking to play on the weekend mostly then make sure that you have more cash for those days and lower your amounts during the weekdays and vice-versa. You know how much you will play and when you will play. Just be wise and you will find out that it isn’t so hard to keep an eye on your bankroll.