The ‘Secret’ to Increasing Your Chances to Win: Bankroll Management

Last updated on 30th June 2021

Published: 10/12/2020

Categories: Win more

Conscious gambling

How to Prolong Your Gambling Time – And Chances

If you’ve ever played in an online casino, you probably already know that winning is not that easy. Playing for fun is OK, but if you want your investment to grow, you’ll have to use a variety of tips and tricks that will help you stay in the game for longer.

Casino games may not look complex on the surface. However, all of them come with certain odds. You can’t beat the odds by putting thousands on a bet and hope for the best.

In order to minimize your losses and optimize your profits, you’ll also need to manage your bankroll.

3 Steps to explaining bankroll:

  • The bankroll is the money you plan to spend on any casino game or slot. If you’re new to casinos, this will be something low, for example, Rs. 10,000 or something similar.
  • You use this bankroll to play the games in the casino for real money. The casino will take your bets straight from the source which is directly tied to your bank/mobile wallet/crypto account.
  • While you can place bets of whichever size you feel fit, new players are better off by managing their bankroll and limiting the bets when they start playing. Hence, we recommend you play games with low minimum betting limits.

So let’s see how to manage it properly and increase your chances of winning.

The Importance of Managing the Bankroll

Hand folding blackjack cards

Managing your bankroll is not hard at all. It’s actually as simple as setting spending limits for yourself when you play in a casino.

All professional gamblers know how to manage their bankroll. That’s the most fundamental if you want to become a pro.

The term bankroll management involves setting daily, weekly, or monthly limits for yourself. It’s the same as managing your bankroll so you don’t stay moneyless at the end of the month.

This time, however, you’re managing how much you spend in a casino. While it may not seem that important to many players, it’s essential if you want to optimize your profits.

When you play in an online casino, you will win some and lose some. You need to keep those losses at a minimum if you want to be successful. That won’t happen without using strategies and keeping your bankroll intact.

That’s why you need to manage your bankroll. All the pros do it, and each successful casino player has made it their priority.

Set Your Preferences – Learning How to Manage Your Bankroll

Brunette blackjack dealer throwing cards

First things first – you’ll need to determine what games you’re going to invest your money in. We have broken down the gambling experience into two categories:

  • Games of chanceRoulette, slot machines, baccarat, game shows, lottery, Andar Bahar & more.
  • Games of skill – Teen Patti, blackjack, poker & rummy

Generally speaking, card games involve skill while table games and slot machines are based on luck.

Games of chance

Slots are quite fast-paced and can leave you penniless in a short time. It’s the same with roulette, especially if you place large bets. This kind of games plays on your emotions and you become triggered to raise the bet to make up for your losses.

Reckless and irresponsible gambling can burn through your bankroll like a hot knife through butter. You don’t want to gamble with your emotions, so if you play games of chances, you’ll need to figure out a staking plan you find suitable.

Here are our recommendations:

  1. Set a daily limit for how much you can play for today. Once you have reached this limit – STOP! Maybe you’re having a bad day, give it a new shot tomorrow instead.
  2. If you are trying a new game, always play the first 15 minutes with minimum bets. You must know how the game mechanics and rules work. Once you understand the game you can start to increase your investment.
  3. If you are new to online slots machines, we recommend playing low volatility games, or games with a high RTP.
  4. Choose a gambling site with a low minimum deposit – by only investing Rs. 500 you will make sure you don’t break the bank.

Games of skill

If you’re playing games such as Teen Patti or blackjack for cash it’s equally important to apply the basics mentioned above – if not even more.

The rules and the outcomes have a higher variance and hence learning the rules are crucial. These games are not recommended for beginners by Cashup Club.

Managing your bankroll and playing with a basic strategy will optimize your profits and prevent the dreaded churn & burn scenario. By keeping your bankroll intact, you’ll never sight of the money you have in your account.

Games of skill are even more prone to affect your emotions and your winning to loose ratio can fluctuate a lot. Never increase your bets when you have had a streak of losses. Keep your head cool and play through your cold streak. Playing casino is playing against mathematics and you win by staying in the game for long.

Wrapping it up

Three blackjack dealers throwing cards

As you can see, bankroll management is far more important than most people think. It will give you more chances to win in the long term and prevent you from going bankrupt.

If you want to be a successful casino player, you will find a way to keep your bankroll intact. It will take time for your investment to grow, so make sure to endure it.