There are many different things that will impact how much you win when you play at an online casino, including, of course, luck! Aside from luck, the biggest factor governing your success at an online casino is bankroll management though, and this is something that every player should know about. Luckily for you, this page will tell you everything you need to know about bankroll management, ranging from the basic techniques needed to implement it, through to why it will make your online casino experience a more successful one.
If you've heard of bankroll management before, you might have turned your nose up and thought it sounded boring. Professional gamblers will all tell you that bankroll management is one of the main reasons for their success. So, why not spend just a few minutes reading about this important part of online gambling, and give yourself a much better chance of success when you gamble online?
Bankroll management is the process by which you only ever risk a set amount of your overall gambling funds, thus ensuring that you always have some money left over, which can be used to play another day. Imagine it using a simple 50/50 model, where you have a 50% chance of winning, and a 50% chance of losing. If you place your entire bankroll on the line on one turn of a card, you could conceivably lose everything. If you only put, for example, 5% of your bankroll on the line
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Exercising bankroll management is simple: you just have to portion off a small slice of your bankroll, and then only play with that exact amount of money for your entire session. Many people think that around 10% is a good portion to risk, and we would have to agree. So, if you have a total of £1,000 to spend at an online casino, you should only ever play with £100 of that money. If you lose the entire amount, you should move away from the computer, and come back another day. When you do come back, you'll still have £900 left, so you can risk £90 of this money.
It's also possible to micro-manage your money when using bankroll management, by adapting the stakes you're playing at, depending on how much you've won or lost.
Let's take the £100 used in the previous example, and say that you're playing blackjack. Ideally, you'll have enough money to play at least 30 hands, so you should be playing at a table for stakes of around £3 per hand.
Before you start, you should understand when to move down to lower stakes. For example, you could say that when your money reaches £50, you'll change tables and start playing for £1.50 a hand. Conversely, you could also say that if you manage to increase your money to £150, you'll move tables and start playing for £5 per hand.
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