As a casino gamer, you are privy to the importance of healthy bankroll management habits. But have you ever heard of these unique ways on how you should manage it? If you have another way you manage your bankroll, drop it in the comments below so readers can learn more!
Look around for the best casino online when you are ready to play your favorite casino games. Remember to enjoy the gameplay experience and to bet wisely. Not every bet is a guaranteed win, but it’s a lesson in how you can strategize for future gaming experiences.
Control Your Bankroll Based On Time
Setting a budget for each hour logged on to an online casino can help control your bankroll. For example, if your current bankroll is $1,000 and you intend to be online for 3 hours, that means you will spend roughly $333 for each hour.
For example, you may play slots for the first hour you are in an online casino. Once your bankroll hits roughly $666 to $667 before that first hour is up, if applicable, stop playing slots. Just note that if you run out of the designated budget for each hour you should sit and wait for the next hour to come so you are not dipping into the next hour’s bankroll budget.
50/30/20 Rule: Gambling Style
You may have learned the 50/30/20 rule for personal finance budgeting. However, this method can also be applied to casino bankroll management. At least 50% of your bankroll should be allocated for betting activities. Once you exhaust your betting money, consider the 20% as your reserve amount and designated savings for the next gaming session. If you exhaust your betting amount, keep this as a sign to hold on to the 20% in reserve so that your experience is not deemed a total loss.
If you are at a physical casino, another 30% of your funds can be contributed to entertainment costs. This includes buying a meal at the casino or tipping the dealer before moving on to another table. Tipping isn’t possible on live casino platforms. If you are playing in an online casino, you can consider the 30% entertainment portion for ordering takeout during your gameplay experience.
Daily Win and Loss Strategy
While budgeting is an essential function of healthy bankroll management, setting a daily win and loss limit is much more strategic so you know when to walk away from a casino game. Set a percentage increase rule designating when you would walk away from casino gameplay if you happen to win a game. For example, if you are playing Blackjack and win a hand to where it increases 20% of your bankroll, you may want to stop there. Constant greed in wagering your winnings and possibly losing them all is not a smart idea. Having a daily win rule of stopping gameplay when your bankroll reaches 15% to 30% higher than the start amount is a good strategy.
You don’t want to drain your bankroll in one day of casino gameplay. Reserve it mindfully by setting a loss limit of no more than 20%. While these daily win and loss techniques may seem annoying, they will guide you to be more responsible with your casino bankroll management.
The 5% Betting Rule
For each bet, you should not be any more than 5% of your bankroll. For example, starting with a $500 bankroll means your first bet should be $25. If you do not secure a win in this scenario, that means your new bankroll amount will be $475. Hence, your next bet should be about $23 to $24. The 5% betting rule prolongs the length of time you have access to a bankroll while encouraging a slow and steady possible growth if wins are involved.
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