When it comes to playing in an online casino with real money, bankroll management is essential. In our article, our experts have compiled all the information you need to know about bankroll management. Here we tell you how you as a player can calculate your own budget and what constitutes good budget management. Keeping an eye on different payment methods so you should follow the News on Crypto and Blockchain Landscape.
Bankroll management basics – casino strategy with self-discipline
When we talk about bankroll management in online casinos, we first need to take a closer look at the term. Originally, and even today, the concept of bankroll management is mainly found in the poker sector. It is primarily about setting your own win and loss limits in order to gain more control over your gaming behavior and budget at the end of the day.
It also involves comparing the winnings and losses in online casinos, i.e. the stakes and the winnings achieved in the casino games. Casino bankroll management is also about not simply playing haphazardly with your stake, but increasingly applying a strategy. In short, perfect money management is usually the key to success when playing in an online casino.
Keep an eye on your own finances
It is particularly important for beginners not to just start playing, but to keep an eye on how much money is available for online gambling. The easiest way to do this is to get an overview of your own personal income and expenditure – this could also be achieved by using an app in which you save your finances, for example. Money that is still available at the end of the month and is not needed can then be used in the game. We will provide you with more detailed information on this in the course of the article.
The advantages of the bankroll – playing like a pro
You can make better gaming decisions by monitoring your winnings and losses over a period of time and different games:
- You can play for much longer and, above all, with less risk by managing your spending so that it does not exceed a certain percentage of your budget
- You play more responsibly and are therefore more careful with your bets during the game
- Casino bankroll management – the most effective way to go about it
- For good bankroll management in the online casino, there are a few things you should pay attention to as a casino player. Below, our experts have put together some important information and tips in a step-by-step guide on how best to use your money in the game.
The Steps
Step 1 – Choose reputable and licensed online casinos
Probably the most important and first step is to find an online casino that meets your requirements. It is essential that you have a valid license and that the provider has a good reputation. As a player, you can use our comprehensive casino comparison on our website and read through our test and experience reports.
There you will find all the important information about the individual providers, the bonuses on offer and other information worth knowing about the corresponding casino bonus codes as well as the pitfalls in the bonus and wagering requirements.
Step 2 – Use a separate account for gambling at the online casino
In order to have more control over your deposits and withdrawals (winnings and losses) and to be able to manage your bankroll perfectly, you should decide to carry out all transactions via a separate account. You can either use a bank account to make transfers with Sofort, GiroPay or Klarna or opt for a credit and debit card.
Alternatively, you can also use e-wallets from Neteller, Skrill, MuchBetter and MiFinity. If you want to make transactions with cryptocurrencies, you can also create your own crypto wallet.
Step 3 – Limits are crucial for perfect bankroll management
Gambling and the world of online casinos always involve a certain amount of risk. There is no way to predict an outcome and the house edge of the online casino should always be taken into account. For this reason, it is important that you set your own limits.
Think about the amount you have available to you on a daily, weekly or monthly basis. If the amount you can use freely is €300 per month, you could plan to spend €10 per day or €75 per week on casino games and other games of chance.
Step 4 – Think about a strategy that you would like to use in the online casino
Strategy is also very important when it comes to casino bankroll management. As previously mentioned, there is no point in simply playing around. Instead, you should devise a strategy that gives you a certain amount of leeway. However, a distinction must be made between poker, roulette – i.e. live casino games – and slot machines.
One strategy for slots could be to start with the minimum bet and increase the bet after each free spins round. In this guide, you will find further strategies in detail.
The best and easiest way to calculate your budget
The role of the budget available to you in the online casino is at the heart of perfect casino bankroll management. The best way to do this is to create a plan, i.e. a list or an Excel sheet, in which you record all your personal income and expenditure. Of course, this does not include deposits and winnings in an online casino.
