Money Management for Online Casino Players

Date Published: September 2, 2013

There's a lot of information out there about bankroll management regarding online casino play. However, there's not much advice available when it comes to managing your money overall when you're an online casino player. What we want to do here is give you some guidelines and concepts to think about and some ideas to think about on your own for deciding how you should handle your own personal financial situation. Take our advice into consideration, but remember that your own circumstances are one of the biggest things that you have to think about when it comes to handling your money. Let's get started.

First off, you need to decide what size of bankroll and stakes you want to be playing with. Let's say that you're a slots player who wants to have 400 bets in his bankroll at once for an average bet of $0.25 each. That means you'll want a bankroll at or near $100. This is pretty decent for the average person who has bills to pay. If you plan on replinishing your bankroll once per month using the best bonuses that you can find, then you'll probably be able to afford that no matter how much you make.

The key to this is that you're going to be adding a line to your budget for your online casino play since you'll need to periodically add to your bankroll over time if you don't take down some big scores. You want this line in your budget to fit the stakes you're trying to play while also fitting the amount of money that you can set aside in your budget. These two numbers have to fit together well, or you're going to run into some problems. If you start with how much you want to put into online casino play, then you'll have a hard time running into issues with this.

Finally, make sure that you stand by whatever budget you set up for your online casino play. If you just start pouring money into your bankroll otherwise, then you have one of two problems. You're either playing larger than your bankroll can handle and going broke quickly, or you're not picking appropriate games for the volatility and bet sizes your bankroll can handle. This type of thing can lead to problem gambling if it gets out of hand, and if you think that this might be happening to you, then reign it in a bit or call Gambler's Anonymous to set up a meeting.

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