Tag Archives: bankroll

Always Focus on Your Money

Regardless of the game you choose to play at the online casino, you want to make sure you keep your bankroll as a central focus.

The bankroll is the total amount of cash you are going to spend at the casino. When you first enter a land- based casino you likely are going to visit the cash cages. This is where most players head so they can withdraw the amount of money they need to wager. Here is where a lot of people get into trouble.

Let’s say you set your bankroll at $300. You go to the casino with every intention of taking that much out of the ATM machine but then something happens. You suddenly see a promotion that requires an additional $50 beyond your limit to wager on. You don’t want to switch out your games, so you add that “harmless” extra $50. Or, let’s say you go through your bankroll but “have a feeling” you might win with just “one more spin”. You go back to the cash cage and withdraw an additional $75. Is this likely? For millions of gamblers, it unfortunately is. They believe that I they take one more shot they are going to hit it big. How realistic is this?

The bottom line is that it could happen. There is a chance that you could go overboard with your wagers and still come out a winner, but it is highly unlikely. The odds are against you that you are going to win when you go to the casino. “The House Always Wins” is a truth that you always have to keep in mind.

You could get lucky and win a long shot, but you most likely won’t. This is why you should always set your bankroll and keep it firmly intact when you are wagering.

This is the number one thing you need to always remember when you gamble. Never go overboard. The odds are always against you that it will ever pay off to you. You should treat the bankroll as it was meant to be treated- set it firmly well before you ever get to the casino floor and then stick to it.

This is the only way you are going to truly have a great gaming session without regrets in the end.

And I would like to finish this topic, by adding that always play at a casino for entertainment purposes only, unless you are a professional poker player (but that’s another story, it will get cover some other time), and that way it doesn’t get out of control and you may keep coming back. Remember, “always focus on your money”. Good luck!

How to Break Down Gambling and Your Funds

If you are trying to set your bankroll you should always do some math before and after.

Remember what by definition the bankroll is- it is the total amount of funds you are going to wager throughout one online gambling session. Some players have a specific amount they take with them to deposit at the online casino every time they play. Other players vary the amount depending on their month’s revenue.

bankroll money

bankroll money

Whichever option you pick you have to keep on thinking in terms of reality. Let’s say you have $3,000 in bills every month and bring in $4,200. That leaves $1,200 extra. If you plan on playing at the online casino sites every Friday night throughout the month, you should portion out $400 per session. This is a good way to make sure that you have money every day you want to play.

On the other hand, let’s say you work on commission and made $1,200, $1,500 and $2,000 extra throughout three consecutive weeks. You could set a limit like $500 per igaming session, or take 50-percent of each amount to wager with. The amount you spend is completely based on what is most comfortable to you. You should consider this limit wisely, but once you do, you should have fun with it.

Some casino players like to break down their gambling session into how long they plan on wagering.

For example, let’s say they want to wager for four hours. To some gamblers this is the most critical- they want to spend a lot of time at the casino. This is mostly true for senior citizens who may be working on a fixed income. They want their dollars to stretch as far as possible with their igaming sessions. If they have $300 to wager with and 3 hours of time, they should be wagering at $100 per hour. This is the way to never run out of cash but still be able to wager the entire time they are at the casino.

There is a lot of math to determining the bankroll limits, but a lot of your wagering pattern should also follow logic. Make sure that you are always working within your limits so that you can continue to have a good and worry-free gambling session at the casinos.

Playing at the Slots Parlor – Part 1

When you go to the slots parlor you may be confused. The bottom line for even small slots parlors is that they can be difficult to maneuver. Slots parlors are filled nowadays with huge arrays of games. You can pick from them to see what interests you or what fits into your budget. It all depends on what your particular needs are for that moment. If you are new to gambling you may be confused as to where to start.

Here are some tips on how to maneuver.

First of all, your primary concern should be your budget. You want to make sure you set your bankroll and find games that fit into it. For example, let’s say you have $200 to wager and want to play at the slots parlor for two hours. You shouldn’t wander over to the $20/spin games! This is a sure-fire way to run out of coins well before your two-hour time slot is done! You want to pace yourself but also pace your budget.

As a general rule of thumb, you never should wager more than 5% of your overall bankroll on any one game. That means in the above example of $200, you should never be wagering more than $10 on any single game.

The other thing to remember about slots play is that it can get out of hand very quickly. Research has shown that the average player can spin the reels 100-times per hour. This means if the game takes $0.50, the player is spending $50-per-hour. If that fits into their budget, it’s fine.

But, what if it doesn’t? Slots are coming with warning labels these days that remind players of how costly they can be. The games can add up quickly due to how fast a player can spin. Add to that the fact that some games are coming with an “auto-spin” feature to them where players don’t even have to manually spin, and you can see how this may be a recipe for financial disaster!

Make sure you know your limits well when you are at the slots parlor so you don’t go over board with the games and their cost to your bankroll.

Part two coming next.