How to Manage your Bankroll
“Know when to hold ‘em, know when to fold ‘em, know when to walk away and know when to run” – good advice for life, but it’s really that third part that a lot of people struggle with. Hopefully, knowing when to run won’t be a factor in your gambling endeavours but this article isn’t here to address your life choices, only to help you manage your bankroll.
For anyone who might be new to gambling, a bankroll is the money you want to have in your online account, or on the table, in order to pay for the games you’re playing. Keeping a handle on it and managing how much money you have available is the core to bankroll management. And we have a few top tips for how to do just that!
- Know your limits
It goes without saying, but you can’t bet more chips than you have, and bankroll management is one of the key tools at your disposal to make sure that you can keep playing. So here’s what you need to do – you should set aside some cash to build your bankroll, that’s spare cash that you don’t need for anything else, and using only this for your gambling. Due to the nature of gambling, if you’re lucky then it’ll grow all by itself as you win but, if you’re unlucky, it’s really important you don’t just start taking money from other places and funnelling it into your bankroll. You have to stay disciplined!
- Use bonuses wisely
In such a competitive market place, online casinos are having to go above and beyond to draw in new players which is why so many of them offer incredible deals with bonuses when you sign-up and again that get awarded to loyal customers. If you’re looking to build a bankroll, making the most of your bonuses is a key first step. Most bonuses will give you a certain amount of money that matches your deposit, so it might be worth not depositing all of the money you have immediately. Instead, keep some in reserve and, when you have a new bonus offer, that’s when you deposit what you have and let the casino give you some more funds to play with. This method may not guarantee you a big profit, since withdrawal requirements are often prohibitive, but it’s a step in the right direction.
- Find a game that suits your roll
This may seem obvious but… you won’t get a seat at the massive Casino Royale poker table if you only have $100 in your bankroll. Finding the game with the right buy-in for the cash you have available is a key choice for anyone looking to get started in the world of casino games. Don’t worry, you won’t be playing low value games forever, it’s just to get you started and build your skills/bankroll before you move on up to the big leagues!
Once you have your bankroll in please, why not have a look at ‘Age of the Gods’ and put some bankroll managing into practice! https://casino.paddypower.com/game/age-of-the-gods-cptn