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Author Michael Lorens Last Update: 09-09-2024

How to properly manage your online casino bankroll

How to properly manage your online casino bankroll
  • Guide Types:
  • Casino

If your main activities take place online and you enjoy playing casino games at online casinos, then this detailed “How to Manage your Online Casino Bankroll” guide from CasinoVida will tell you more about why it’s crucial how you organize your bankroll, what the basic rules are to keep it intact when playing at online casinos, and what win rates to expect when playing online. We know the last question is the one you’re most interested in, so let’s get to one of the most crucial questions for any online player, which CasinoVida’s experts have answered for you.

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Table of Content

Importance of Bankroll Management for Online Casino Players

Managing your bank account seems to remain an issue that remains out of the spotlight. However, understanding and implementing the right strategies can significantly impact the emotion the game brings you.

To begin, let’s define what a bankroll is. In online casinos, your bankroll represents the total money you have set aside for gambling purposes. It is extremely important to look at it as a separate fund solely for entertainment and not to mix it with your other expenses. This separation gives you a clear idea of how much you are willing to spend on gambling and helps you keep control of your finances.

Success in online gambling isn’t just about luck; it’s about discipline. Properly managing your casino bankroll ensures that you can enjoy the games responsibly while maximizing your chances of long-term success.

Five tips for managing your bankroll that you should know

  1. Golden rule – When we discuss tips for maintaining your bank account for online casino games, we can’t help but start with the golden rule in the field— deposit only what you can afford to lose. We know that whatever you deposit into your bankroll, you will play it on your favorite slot or online poker game, so only add in as much as you’re willing to spend. If you win, it will be more than okay.
  2. Divide Your Bankroll – Control is very important in gambling entertainment. That’s why at CasinoVida, we advise you to plan how much money you can afford to spend playing in a given month and then set aside that amount so you have money to play with every week. For example, if you decide that you are willing to spend 200 USD in October, then play with at most 100 USD per week (4 x 100 USD = 400 USD).
  3. Withdraw your First Deposit – Imagine you have deposited $300 and played with the money for a while. Then, you see $500 in your account. In this situation, we advise you to withdraw the money you originally put in and continue playing with just your winnings. Why? This will prevent you from losing your first investment, and you can play with it again.
  4. Forget the Losses – Thinking about losses can be the worst thing to do after a game for a player. We know it’s sometimes hard to be positive when we lose, but it is important to focus on the crucial things. Set yourself a limit of losses, and when you reach it – stop playing!
  5. Look at it as a form of fun – After all, why gamble online? To have fun, right? Well then, think of every game as a night out with friends over a beer or a visit to the bowling alley. If you lose a game there, it won’t be the end of the world, right? In online casino gaming, it’s the same. So accept that it’s a day you had fun, and don’t get hung up on the outcome – whether it’s positive or negative.

Let’s face the truth! Can you really win by playing in an Online Casino?

Yes, we know you care a lot about what percentage chance you have of winning by playing online casino games. This is the time to answer your question, “Can I win at all playing online?” Yes, you can win, but the solid law of probability has proven that, roughly, the chance of generating profitable winnings is around 10%. In other words, we can assume that 1 out of every 10 players today will end their session with profit. Naturally, this is valid for the big picture and is quite a subjective observation, but still, it can serve as a useful orientation. And not to be blunt, here are some statistics selected by CasinoVida, regarding the house (casino) edge on some games:

  • Video poker: Ranges from -0.05% to 2%.
  • Blackjack: Ranges from 0.43% to 2%.
  • Baccarat: Ranges from 1.06% to 1.24%
  • Slots: Ranges from 1% to 15%, depending on the slot.
  • European roulette: The house edge on European roulette is 2.70%
  • American roulette: has a double-zero pocket, pushing the house edge to 5.26%.
  • Pai Gow Poker: The house edge on Pai Gow is 2.84%,

Summary

If we had to sum up how to manage your online casino bankroll, we’d tell you to have fun, evaluate your gambling finances at the end of the month, not when you’re under the influence of the game, and don’t slow down at the end of the day—it’s just for fun. Enjoy the fun and always play responsibly!

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Michael Lorens

Last Update: 09-09-2024

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About Michael Lorens

Michael Lorens is a seasoned writer with a deep passion for the online casino industry. With years of experience, he provides thorough and insightful reviews, offering readers expert guidance on the best platforms and strategies for successful online gambling. His attention to detail and commitment to delivering accurate information make him a trusted voice in the world of casino reviews.

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