Often times you’ll read articles about the need to gamble responsibly. However, no one explains how to do it. In this article I’ll give a few tips in this regard.
1. Research and know.
Empower yourself. Read and familiarise yourself with the game you are about to play. The internet is full of websites with reviews of various online casinos. Not knowing the rules and terms and conditions may lead to you wasting your money.
2. Get the best deal.
As mentioned before, the internet is full of casino review sites. That also means that there are a very great number of online casino operators. Shop around for the best deal. Choose an online casino that’s been around for some time, that uses a reputable software provider, offers the best odds and are licensed.
Make sure you know how the welcome bonuses work. Contact their Customer Services and get a full explanation.
Just because an operator shoes up in the top 10 of your search results does mean the operator can be trusted. It simply means that they spend a great deal of money on marketing.
3. Determine your bankroll.
Defining the term “bankroll” simply means it is the amount of money you will be playing with. Your bankroll should be money that you have extra after all your monthly commitments have been met (including money for savings and investments) – not from rent money or any other source. Remember, gambling is entertainment and not a way to make a quick fortune. That sort of thinking will get you into trouble and will almost guarantee that you will end up losing everything. Also, do not compare the size of your bankroll to that of someone else. Your bankroll is determined by your own financial situation.
4. Set a session limit
It is important to set yourself limits in order to protect your bankroll. Putting it all at risk is senseless. The most agreeable approach is to play with a maximum of 10% of your bankroll; however, the more sensible approach is to play with 5%. By adopting this “strategy” you will be able to protect your bankroll even if a particular session goes wrong and you end up with a losing streak. Always base your session limits on the size of your bankroll.
Let me explain. Should you decide on a 5% approach and your bankroll is $500 you will be playing with $25 during the session. Should you end up losing the session you’ll have a $475 bankroll for your next session. That means your next session will be 5% of the $475 bankroll.
You should also set a time limit. Playing for an hour and a half per day is more than adequate.
5. Work out a plan.
Just because you’ll be taking a small percentage of your bankroll into your session does not entitle you to play with reckless abandonment. Planning your session is a wise way to use and protect your bankroll. Split the percentage you decided on into a few equal portions. This will enable you to spent time playing blackjack, roulette and slots.
Even tough gambling is based on chance you should try to avoid relying on Lady Luck. Budget your game play. The most successful players do this. As discussed earlier, plan your work and work your plan. Stick to your budget and adhere strictly to it. Don’t let greed or emotions rule your game play.
7. Know when to quit.
Setting yourself a limit will more often than not increase your bankroll in the long run. Know when to call it a day. Decide to end your session based on either the percentage of your bankroll for the particular session you want to win or on the percentage you are willing to lose. Ever heard the expression “plan your work and work your plan”? This definitely applies here.
8. Optimize your chances.
Select the right games to play. Blackjack, poker, roulette, craps and baccarat offers better odds of winning than slots and video poker, even though these games appear to be more exciting. They are solely based on chance. Don’t play slots expecting to win the jackpot. If you do win count yourself very fortunate. Set yourself achievable and realistic goals.
Gambling remains a game of chance. No strategy or method can guarantee absolute winnings. However, following these tips could lead to better online gambling experiences and improved results.