Managing your money seems like something that comes naturally. In day-to-day life, that much is true. However, fire up an online casino and controlling your expenses becomes a lot more difficult. The temptation of a big win is just around the corner. You can always find a way to make up for a losing streak. You just need your luck to shift, and it is bound to do with the next round!
While miraculous comebacks make great stories to tell at the bar, they are not frequent occurrences. Much like dieting, online casino money management is a matter of practice and willpower. Fortunately, there are ways to make that process easier for players. From tools that online casinos offer to real-world reminders. If it helps you control your spending, it is worth doing!
Part of what made online casinos so widespread was their recognition by governments as a valid way to play. However, part of that arrangement came in the form of tools to combat problematic gambling. One of the tools used is online gambling self-exclusion. It allows players who cannot control themselves to be restricted from registering from any casino ran by that operator.
Of course, this is an extreme example. For our purposes, a deposit limit will be more than enough! What it does is limits how much you can deposit in an online casino every month. This way, the temptation of playing too much will never ruin you. You may blow all your money in one round. However, you will not be able to top up and waste more until the next week or month comes around.
Another good way to remain in control of your budget is to draw up a plan. Try to make the funds you deposited last for an entire month. Know what games you want to play, and what their average RTP’s are. How volatile are the releases you choose? What kind of wins can you expect? All of these factors are important when planning your budget for the month.
It is not something everyone will enjoy, but it does pay off. Especially since it can give you a good overview of your finances. There is nothing more satisfying than being able to meet your planned betting budget for a month without having to deposit more! Feel free to adjust things as you go if you end up winning. Just remember not to go overboard.
Anyone with enough gambling experience knows that good luck does not last forever. It can last for a while, but it will eventually come crashing down. This is why positive progression betting systems are designed the way they are. They know that you will lose at some point, and plan for it accordingly.
Understanding such systems and being able to apply them are two different worlds. However, the core lesson can be applied to your online casino money management. Always leave a little money aside just in case. If you have won three times in a row, do not start ramping up your wagers to take advantage. It only takes one devastating loss to destroy all that good luck. Do not let it happen to you.
Personally, we take a break on a fixed schedule when playing. Quite a few of us at Indian Casino Club usually default to a brief pause after playing for an hour. It helps to clear our head, and it is good for the eyes! You may not feel like it is worth leaving the game, especially if you are currently amidst a winning streak.
Mind you, we do not consider this step mandatory. If you have excellent online casino money management skills, you may not need to step away to cool your head. For example else, the brief pause will go a long way!
We left this step for last because not everyone will want to do it. If you do not find blackjack fun, our recommendation to play that probably will not change your mind. However, games with low house edges and small payouts are perfect for planning your budget. They may not award a massive win, but they are quite consistent, especially if you follow a good strategy.