Understanding Bankroll Management

Every online casino fan secretly holds that dream of entering an online or land-based casino, throwing all their money down on one hand, and walking out with the house.

However, in the land of reality, we know that isn’t an option, and the only way that gambling remains fun, is if a player never spend money they can’t afford to lose on any game, no matter how confident one may be about the outcome.

The way to guarantee that your funds are always under your control is with bankroll management, a strategy that any professional gambler will tell you is the most importance part of their game plan.

But what is bankroll management? And why is it so important? As always, we’re here with a handy guide to answer those questions and more.

An Introduction to Bankroll Management

Bankroll management is the way you choose to protect your money and ensure that firstly you don’t spend all your available funds at once, and secondly that you don’t lose money you can’t afford to.

There are different ways of handling bankroll management, and the experience is likely to be individual to each person, nobody knows how much you can afford to lose, and you know how best to play to get the full enjoyment out of your casino experience, whether that is by spending big for that swift adrenaline rush in a high risk high reward situation, or slowing down and enjoying smaller bets across an extended period.

How Does Bankroll Management Work?

For many, the choice when it comes to bankroll management comes from separating your total funds into sections, each consisting of maybe 5-10% of your total funds. Now, if you bet that money and lose it, you have 10-20 opportunities to do the same again, if you spend all your money in one go and lose, your money is gone.

This sounds simple, but it makes a huge difference to your mentality when it comes to playing casino games, and you may soon find that you take these steps automatically.

Also remember that the withdraw button is your friend, many players will withdraw their funds when they double their initial deposit, for example when £30 is turned into £60, these players will then take the total back to £30, breaking even, and keeping the original bet active in their account.

If you get on a hot streak, those £30 withdrawals could quickly reach the hundreds without you ever risking your initial £30 bet again.

What to Remember

It is all too easy to get carried away with your reactions to the up and down world of online casino play, but always remember to stay grounded.

Firstly, be aware of losses, losses happen, and can happen at any time, but they are also not the end of the world as long as you play carefully. Therefore, don’t panic when you lose, and don’t bet big just because you’re winning, because you could lose all your hard-earned cash.

In fact, maintaining your excitement when winning is often one of the hardest things to do, but it’s important to remember that most casino games are slightly less in your favour than 50/50, so a roll will always come to an end.

The winnings you make are rarely going to happen in one big jackpot scoop. Although such wins happen, it is far more likely that your profits will build slowly thanks to careful bankroll management.

So, why is bankroll management important? Simple, because if you want to get the most out of your online casino experience on a long-term basis, it’s the only way to do it.