Introduction: Reasons Your Bankroll Is Always Running Out
There are really just two aspects to gambling. The fun and the money. They are inexplicably linked and though money will take you a long way, without the fun element, then what’s the point. For some casino gamblers, the bankroll needed to keep things afloat never seems to last longer than a couple of rounds or a few hands of cards. And no matter, how carefully they try and play any of the jackpot games, within a relatively short space of time, they are all out and having to make their way home.
If this sounds like you, then be sure that you’re not alone. Here at Jackpotfinder, it’s true that we do tend to hark on about your bankroll management as the most important factor in gambling. Without a basic understanding of both how to look after your bankroll, along with how casino games function, you’ll always be on the receiving end of a bad deal. One problem with dealing with your bankroll and the financial side of gambling is that is certainly not sexy or exciting. But it’s the foundation upon which your whole gambling life is built, so getting the details right is essential if you want to continue at the game’s table.
So if your bankroll is the cause of anxiety or despair, then it’s probably down to one or more of the following reasons:
You Ignore The House Edge
Understanding the house edge is really the gambling lesson 101. All games in the casino, online or off, will have a house edge. No matter what you do to try and negate this, it’s not going to happen, as that would negate the whole casino business model. On the other hand, what you can do to help yourself, is to concentrate on the games with the lowest house edge. These will include blackjack, baccarat, and certain bets at the roulette wheel. These will increase your odds of winning, or rather, reduce your odds of losing.
By not factoring in the house edge from the very beginning, then you’re dooming yourself to absolute failure. All your gambling activities will come to naught. If you don’t understand the house edge, then please educate yourself about it and its effects on different casino games. There are plenty of Youtube videos on the subject, along with other jackpot winning tips and tricks.
Not Assigning Yourself a Budget
Unless you’re a high roller, then you’ll need to set yourself gambling limits as far as your bankroll spending goes. Having a sensible budget is over half the battle of keeping your head above water when playing at the casino. Though we mentioned high rollers, even they take some care, or their high rolling existence would come to a very quick but spectacular end. The general idea is that you assign yourself a fixed amount as your daily casino spending from your bankroll. This amount represents the maximum you can comfortably lose over any given time frame. When your budget is exhausted, then it’s time to call it a day and leave.
It’s super important to be absolutely realistic about your own finances here. Don’t kid yourself that you can afford more than you really can. Unless you’re honest with yourself, then you’re going to be heading for a whole world of hurt. If you can afford $500 per week, then good for you. But if your bankroll can only afford $100 every month, and if that’s a struggle considering your obligations and outgoings, then maybe you should reconsider whether gambling is for you.
Diving in at the Deep End
Unless you’re an expert with an unlimited bankroll, then we suggest that you begin your betting with small bets. if you’re at a real land-based casino, we understand that all the spectators, the lights, and the free drinks can all make normal decision-making fly out the window. Keep in mind that you don’t have to keep up with other gamblers who are laying down big bets. Just move to another table where the spend is within your limits.
But whatever path you take, starting out with small amounts should always be your modus operandi. More especially if you don’t have a massive bankroll to back you up. The same holds true for gambling online. We suggest that you head over to Bet365 for the best online casino experience. Keep in mind that there’s no rush. The casino will still be there tomorrow. We suggest that you always take your time about the choices you have to make. The more relaxed you are, then the easier it is to increase your jackpot winning chances.
Your Bankroll: Ignoring The 5% Rule
Not all gamblers agree with this rule, but we feel it’s essential towards having a good time at the casino. This rule states that at no time can you wager more than 5% of your total bankroll. There are no betting random amounts when the feeling is right. So, if you started with £100, then your maximum bets can only be £5. Of course, if you win some money and put that back into your bankroll, then your percentage for wagering goes up as well. If we look at this from the opposite end of the spectrum, then starting with £100 and then betting £50 straight off the bat, will see your bankroll being depleted in no time at all.
Allowing Yourself to be Bled Dry
Gambling without limits is setting yourself up for a hard fall. Without caring for how much you’re prepared to lose, then expect to finish your evening very early indeed. For example, if you begin the evening with £100 and then decide before you start to play, that you’ll limit yourself to a maximum spend of 20% per type of game, then once you’ve spent £20 at the blackjack table, it’s time to move on to another game. An additional measure can be the idea of an outright maximum walk-away number. So, if for example, you’re down to your last £10, then take this and leave the casino.
The main takeaway here is that you can easily start chasing losses after a losing streak. As this always proves fatal to your bankroll, we suggest that you get up, and go for a walk to clear your head. When you return, hit up a different game and try your luck there. If you’re playing online, then when you come back from a clean break, check out Bet365 Casino. They have every casino game known to man, and then some!
Getting Carried Away With Winnings
Many novice gamblers have a habit of treating their winnings as free money. You go to the casino with your bankroll of £100 and then manage to increase this to £500. Most gamblers would think of themselves as being very lucky and would start throwing all caution to the wind, as they begin betting with these profits. You start to make bigger wagers thanks to your new-found confidence. Can you see where this is going? Yes, we all know that it’s a great feeling when you seem to be unbeatable and are enjoying a winning streak.
But part of the art of gambling is knowing when to quit. We would suggest that if you ended up with such a large profit, you would still stick with your original limits. So, why not leave the table, and put some of those profits back into your bankroll for the next time. And the rest, you can keep for yourself as a nice profit.
Your Bankroll: Buying Into Strategies
The internet is strewn with programs, books, and courses on how to improve your gambling. In fact, you can find literally thousands of such things, but there is one factor they all share: namely, that none of them work. Whatever you do, please don’t make any decisions based on these half-baked ideas. It’ll surely end in tears. Just stick to your common sense and only play at the best online casinos with jackpots. Oh…and keep a beady eye on your bankroll.