How to Manage Your Money when Playing Online Casinos

People love online casinos because of the ease of access and convenience they offer. Easy access and convenience can be a double-edged sword, however. Controlling your spending habits is much more difficult when you have a casino in your back pocket at all times. This is why you need to have a clear bankroll management strategy before you start playing online casinos. You might also need to make changes to the way you play so you can stretch your money as much as possible. Here’s how you can better manage your money when playing online casino games.

Look for Bonuses with No Wagering Requirements

If you’re just getting started with online casinos and you want to get some practice in while spending as little as possible, you need to take advantage of all the bonuses there are out there. Most online casinos will offer a match deposit bonus on your first deposit and a few subsequent ones in some cases. While these can be good, most of them will have high wagering requirements, which makes them not the best option for beginners.

It’s not uncommon for online casinos to require that you spend 20, 30, or even 40 times the amount of your first deposit plus the bonus for you to access your money. Some casinos will even ask that you spend 80 times that amount. So, before you get all excited because of a bonus, make sure that you check the details first.

You should also try to look for casinos that offer bonuses with no wagering requirements. If you’re looking for these types of bonuses, check out this website. This website has an extensive list of casinos with no wagering requirement bonuses, mainly in the form of free spins. You’ll also learn a thing or two about no wagering requirement bonuses and the different types you can find.

You have two main types of no wagering requirement bonuses: free spins and free money. Yes, some casinos will give players money to try their games free of charge with no strings attached and give them a chance to win real money. Though the sums given will be small, they’ll still allow you to see what the gaming experience is at a casino and win money without spending a dime.

Free spins are another great option but check which games you can spend them on. Don’t waste your time if you can only use those spins on mega-jackpot games as they usually have very unfavourable odds for players.

Set Up a Gambling Budget and Account

Next, you need to look at how much money you can spend weekly on gambling and put a system in place to make sure that you never go over budget. No more than 15% of your weekly net income should go towards gambling. To make things easier for you, you could set up a second account for online gambling and have the money taken directly from your pay-check every time you get paid.

We also suggest that you set up an account for your winnings. Every time you win money, you should add it to this account. This way, you can pull from it to add to your weekly gambling budget and spend more money without hurting your finances.

Slow Down Your Play

If you like playing online slots, your pace will be very important. Online slots tend to go faster than traditional ones, so you will have to watch at which speed you play and how much you spend per spin. If you want to know how long your bankroll will last depending on how fast you play and what the RTP is on the machine, you should check out this slot machine calculator

Time Your Sessions and Set Limits

Another thing you have to do is set hard limits on how much you can lose on each session and even on how much you win. This is because many people get on a gambler’s high when they start winning and end up going right back to the baseline or even in the red after playing too much. You should view each win as a blessing as the house always wins at the end. Count your winnings and put them towards your gambling budget instead. You also need to set a time limit on your sessions. This is the best way to ensure that your gaming doesn’t get out of control.

Choose Your Games Wisely

If you’re going to play slots, don’t just pick anyone. You first must know what the return to player ratio is and the type of jackpots the game offers. You also have to learn how to play online slots properly. While they still rely principally on chance, some mistakes could cause you to lose more money than you should when playing slots. So, learn how to bet correctly on slot machines and pick machines with reasonable odds and jackpots.

Play with a Clear Head

One thing you need to avoid at all costs when playing at online casinos is being under the influence. Land-based casinos love to push alcohol on people because they know that all this liquid courage will end up paying off. If you’re going to drink, do it moderately, as it will eventually affect your gambling patterns.

You also must have some sort of mechanism to let off steam in case you have a bad loss. Playing “on tilt” can be just as bad as playing drunk, and this is often when people will lose the most money. If you’re fuming after a loss, don’t try to chase it and find something else to do. This could be listening to music, playing non-casino games, or going outside for a walk. Anything that will allow you to come back down to earth.

These are all tips that you can use to limit the amount of money you spend at casinos while increasing your chances of winning. Follow these tips to the letter and always make sure that you have a clear plan whenever you play.

Christopher Stern

Christopher Stern is a Washington-based reporter. Chris spent many years covering tech policy as a business reporter for renowned publications. He has extensive experience covering Congress, the Federal Communications Commission, and the Federal Trade Commissions. He is a graduate of Middlebury College. Email:[email protected]

Related Articles

Back to top button