Bankroll management is one of the most important aspects of online casino gambling. This article discusses setting and managing bankrolls, handling big wins and using bonuses effectively.
Bankroll Management and Using Bonuses to Maximize Game Play
Setting And Managing Bankrolls
You would in any event be preparing budgets for your regular expenses. After estimating your income for the period and providing for mandatory expenses and savings you would be setting aside an amount for entertainment. You should carve out your online casino bankroll for the period from the entertainment expenses. You should divide your monthly or weekly online casino gambling budget by the number of days you intend to gamble in that period to get your daily bankroll. Players normally gamble longer on weekends so you can factory that in.
If you want to play only one type of game you can estimate the number of deals or spins you will get in the allotted time. This way you can get the total bet per deal or spin from your daily bankroll. If you intend to play different types of games then you need to do some more planning. Payout ratios are much lower in games like blackjack than in online pokies. Therefore it would be a good idea to go for slightly larger bets in blackjack and smaller bets in pokies. As you get more familiar with online casino gambling you will be able to fine tune your bankroll distribution better.
Handling Big Wins
If you do not have luck with you on a particular day, you continue your session as planned till the bankroll or the time limit is consumed. But if you hit a big win early on in the session then several opportunities open up. You should be prepared for these. The most conservative way is to set aside the big win and continue as planned. Use the extra money won for some other need and not online casino gambling. The other extreme would be to add the win to your remaining bankroll and recalculate your unit bet. This will allow you to play with larger wagers and your subsequent winnings will be even greater. As always, the middle path is the best. Keep some money aside and added some to the bankroll for the session. In case you hit a really big progressive jackpot then withdraw the funds as soon as you can and use them to improve the quality of your living.
Using Bonuses To Extend Bankrolls
Online casinos offer different types of bonuses and these can be used to augment your bankroll. But this is not as simple as it seems. Almost all bonuses will have wagering requirements. There is no certainty that you will be able to meet them, but you have to try. It makes sense to wager the bonuses on online pokies, even if you are allowed to wager it on other casino games. Online pokies contribute 100% to wagering requirements, whereas other games contribute less. If a particular game contributes 50% then your wagering requirement doubles.
If you are a new player you should look for no deposit bonuses and free spins on pokies. Many Australian online casinos offer these for wagering on new games released. You can save your own funds for later and take advantage of these.