6 Top Tips for Managing Your iGaming Bankroll and Maintaining the Fun
iGaming is one of the fastest-growing forms of entertainment online and with good reason. It’s a melting pot of game types and themes, offering something for everyone. To ensure the maximum enjoyment from your iGaming sessions, it’s important to be responsible with how you manage your betting bankroll. One of the first ports of call to anyone thinking of wagering with their own money should be to make use of the many offers from operators reserved for new users for use without deposits. These bonus funds usually come with wagering requirements attached, but it’s a starting point to try and build a pot without having to contribute anything yourself upfront.
The essence of iGaming is that it should be a fun, enjoyable pastime. Responsible betting begins with sensible bankroll management to keep your betting bank up and running. What do we mean by bankroll management? Managing your bankroll means betting sustainably, in line with the size of your total bank.
With that in mind, consider these six simple steps that provide a firm foundation for rock-solid bankroll management at the tables.
Self-discipline is everything for newbies
Be self-disciplined and accept when the time is right to finish a slot or table game session. That’s all part of the fun and the intrigue about casino gaming, right? Be sure to keep a running count of your slot or table game sessions. First-time iGamers need to learn the importance of a ‘strategy’ with their betting. Be consistent with your bet sizing and you should still leave the tables with a smile on your face.
Keep track of your deposits
Another responsible move to preserve your iGaming bankroll is to keep a running count of your wagering, as well as your deposits and withdrawals. This can help to determine if you’re keeping track of your gameplay in a sustainable way. This can be achieved using a simple spreadsheet, and it’s a quick and straightforward way to maintain iGaming as a consistent pastime. After all, iGaming should be fun and played with a smile on your face. It won’t be as entertaining if you fail to play within safe boundaries.
Withdraw some of your winnings
If you find that you’re up considerably more than you anticipated over a day, week or month, be sure to withdraw a large percentage of those profits into your bank account.
A standard approach to banking profits is to withdraw funds once you’ve won over and above your initial deposit size. Let’s say you deposited £100 and you’ve won £150. You could decide to withdraw £100, leaving you with enough still to continuing playing with. It’s this kind of ingenuity and discipline that can prolong your iGaming bankroll for the long run.
Game selection is also vital
When it comes to helping your iGaming bankroll to stand the test of time, game selection is another essential component. Of course, picking the right games won’t directly affect how much you win, but it can indirectly determine the difficulty of maintaining your bankroll at a certain level.
Volatility is the key when it comes to game selection. Games with high volatility usually have the biggest jackpots to be won. However, to counterbalance those large potential wins, they have high volatility programmed into their algorithms. This means there will be bigger gaps between winning spins or games. To minimise the long-term probability of losing streaks, opt for low-volatility games that may not pay out the big bucks but offer more regular returns on the flipside. Table games like blackjack and roulette carry a much lower volatility than slots, based on their lower house edge.
Learn from the Pros
One of the simplest ways to improve your ability to ensure sustainable iGaming is to study professionals and skilled players in your chosen game. Certain titles feature a wide array of play-styles and methods, and often the best way to learn how these can be used is by watching a good player demonstrate them. In the long run, this can make you a smarter and more economical player, which will only help preserve your bankroll as you progress.
The prime example being basic strategy with skilled, experienced blackjack players. The basic strategy, which was devised by Edward O. Thorp all those years ago, now forms the basis for players’ decision-making and bet sizing at the blackjack tables. Most of which is based on nothing but probability, making sure the odds are never stacked too steeply against them.
Avail yourself of your casino’s responsible gaming features
As part of improving your self-discipline, many of the leading, licensed iGaming operators have developed their own responsible gaming features that put you and your bankroll first. Responsible gaming features make it possible for first-time bettors to define limits formally with your chosen operator. You can also set deposit limits, so that once you breach a set figure on daily, weekly or monthly deposits you’ll be prevented from making any further deposits until the next day, week or month.
The premise of iGaming is entertainment and having fun. Our practical tips to manage your betting bankroll are geared towards prolonging that fun. The more slot or table game sessions you can have with your bankroll, the more you’ll be able to explore the wealth of innovations that are reaching iGaming operators in a host of regulated markets. The live dealer scene is one of the fastest-growing areas, with exciting live casino gameshows that allow you to fully immerse yourself in the game environment. There’s also new themed slots arriving with every week that passes, inspired by the biggest and best trends in popular culture, whether it’s iconic Hollywood movie franchises or world-renowned rock bands or musicians. You name it, there’s normally a slot for it these days!
Monitor your betting progress responsibly and you too can sample the full spectrum of iGaming trends and maintain it as a free time hobby that puts a smile on your face.
