Blog Posted on 26/02/2015 | Author: Karen Macarthur
Online Mobile Casino Bankroll Management
Managing your bankroll is one of the most important aspects of your online mobile casino gambling. Knowing when, how, what and where to bet on the casino games, is the hallmark of a good player. A sound money management will result in making a profit and curtail those losses to a minimum.
The biggest mistake that the online players make is to keep betting in the hope of recovering their losses. With a dwindling bankroll, it is the least preferred online mobile casino money management strategy. If you need a sounding board for the effectively managing your casino money, then follow the ones mentioned here.
Slow down for a better gameplay and conserve your bankroll
It’s easier said than done because you are on an adrenaline rush here. You want to maximise your wins in the shortest time. The secret is that you don’t want to expose your money to house edge of the online mobile casinos. All they want is to have more casino games played per hour, which increase your money’s exposure to the casino house edges.
So it makes sense to take your time at playing, making fewer bets per hour, thus reducing exposing your money to the house edge. In a way you’re conserving your bankroll and reducing your losses in the long run.
Playing for fun or win real money?
It’s all in your attitude towards mobile casino online gaming. Do you want to play for real money and win the big payout or are you just playing for fun. Do you prefer the thrill, anticipation and expectation of winning over the laid back, joyful fun when playing the online mobile casino games?
The middle ground is always better. You should enjoy the game while playing with real money. But keep a close watch on the bankroll if this turns into a losing streak.
What sort of player are you?
Another question which pops to your mind is what sort of player am I? Am I a risk taker willing to bet everything on that single hope of winning the jackpot? Or am I at the other extreme, averse to taking any sort of risks?
Better yet most of the players fall in the middle and biggest category. The middle path if you will is the one where they are willing to risk to some extent and win small but regular payouts.
These players generally are smart and don’t put all their bankroll in one basket. They prefer to split it say 25% – 75% with the bulk of it being used for making conservative bets. The rest of it being used for making riskier bets. Whenever the chance presents itself, they will take the plunge and bet big.
Choose wisely the online mobile casino games
The type of casino games that you play is a major factor for managing your bankroll. The most money guzzling casino games are the mobile Slots, Roulette, Craps, Keno etc. among the luck based games. You are waiting for that winning spin or number and betting on them. It makes sense to make smaller bets and spread them across the table, to manage your money.
Understanding the game rules, payout structure and the house edges for the games that you play will help you in the long run.
Setting Deposit and Withdrawal Limits
It is the most sensible and helpful tip for the online mobile casino money management of your bankroll. Setting a personal deposit limit for the day, week or month means the amount of money that you are willing to deposit to your online casino account. The shorter the time frame makes it easier to control your gambling activity.
The Withdrawal limit is the percentage of the winnings that you are willing to cash out. It is the amount that you do not put back into the game through bets. Some players set it at 10% while others may save more or cash out fully.
All this will hold in good stead if you know when to back away from the game. A lot of the online mobile casino establishments have the self exclusion or the opt-out facility, which is part of their responsible gambling endeavour. You can inform them to block your account after the set depositing limit is reached for the time period selected.
At the end of the day, there is a reason why they say, bet small win big. Managing your online mobile casino bankroll is a best gift that you can give yourself. With a financial cushion in place, you can extend your mobile gaming experience and reap rich rewards in the process. Most of all play sensibly, have patience and don’t play when emotional or under any sort of influences.