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Essential Tips to Manage your Bankroll Home - Guide - Bankroll

Are you planning to start your gambling career? You need to make your mind whether it is going to be a one-time gaming session or you want to become a long-term player. Choose your path first and then decide on the bankroll management strategies. Experienced players are well aware of how to keep control over their balance and finances. It lets them stay on the flow even when things get worse and there is no luck.

The key to success is to establish a proper wagering strategy and never deposit more than you can afford. Seems like a simple tip most newbies underestimate. Even if your gambling budget is limited, you still have some easy ways to generate more credits as well as keep an eye on your balance to avoid losing huge sums right at once.

In this lesson, we are going to review proven ways to protect your bankroll from falling down. Most of the tips below are used by gambling experts, which means they have proved to work under real0gaming conditions. Today, we will discuss the following:

  1. Ways to turn a welcoming bonus into your handicap.
  2. Tips to prevent your loss chase.
  3. Steps to keep control over your budget.
  4. Appropriate betting size.
  5. Small win accumulation strategies.

Use the following steps and start your successful gambling career at one of the best Aussie online casinos.

Part 1 – Make the Most of Welcoming Bonus

Online casinos in Australia try to attract as many new players as possible. They offer special deals and loyalty programs to turn new visitors into returning gamblers. This is where you may benefit from extra credits on your balance. Finding a good welcoming bonus will let you create a small gambling handicap to try your luck as well as define slot machines and casino games with high or low volatility.

A welcoming bonus is a reward available for all new casino players. You may receive it once you have made your first deposit. The bonus sum may differ. Users should read bonus terms carefully before they register to clarify the wagering policy and other issues that may include a minimum sum to withdraw, etc.

Some gaming establishments offer from 100% to 200% on your first deposit. In other words, if you deposit $100, you may get up to $200 as a welcoming bonus. In some cases, you do not even have to deposit real money. Online casinos offer a reward for signing in. However, such bonuses may appear to be pretty tricky especially when it comes to withdrawing your first cash prize.

Hunt for a casino with the biggest welcoming bonus to saving some room for gambling experiments or finding the best-matching game in terms of volatility or gaming style.

Part 2 – Prevent the Loss Chase

What do you think first when playing slot machines or casino games for real cash? As the majority of newbies, you probably imagine fast and huge wins at every bet you make. The awful truth is that it all depends on the volatility level. We have already discussed the term in our previous lessons. What we are trying to say here is that you should be mentally ready for a loss.

Some people cannot cope with failure. They start chasing their loss playing the same game on and on. As a result, they got empty after the first gaming session. The idea is to leave once you have noticed the game offers a low RTP or payout rate unless you play just for fun. Some people tend to fall into depression after several losses in a row. They may even give up gambling after the first session.

To avoid such situations, you’d better opt for slot machines with high volatility and benefit from smaller but more often wins to fill the real thrill of the gambling industry. First of all, you will gain more confidence that is vital at any online casino. Secondly, you will pick up essential skills and gain vital experience that may come in handy in the future.

Part 3 – tips to Control Your Budget

It does not actually matter either you enter a live casino or visit a gambling website to select a slot, the one and only goal for each player is to hit the jackpot. We do believe that gambling will change our lives and let us become wealthy and rich in a matter of moments. The chase for win results in irresponsible budget control or sometimes no wagering strategy at all, which is a huge mistake especially for novice players. Here an essential tip, that will save you from financial troubles: if you cannot control yourself in terms of betting and bankroll management, you’d better avoid online casinos at all. 

We will never stop saying the key to success is to bet as much as you may afford. Never exceed your limits when chasing the win. Always stick to your budget not to found yourself in a tight corner or financial trap. Temptation can be to the detriment of your balance. Prepaid cards might be a good solution to this problem. You will never be able to spend more than you have right away. If you lose, do not rush for another repaid card.

Chill out, focus on something else, and try to understand that winning all the time is impossible. And if you were lucky to hit a huge cash prize, use some of that money for another gaming session. A good idea is to keep 10% of each win as the reserve for your casino balance.

Part 4 – Choose an Appropriate Bet Size

An experienced player should combine successful gambling tactics with good bankroll management skills. An experienced gambler with zero knowledge of how to control his or her budget will lose. A newbie with great management skills will lose as well. Casino games require an ultimate symbiosis of skills, tactics, and knowledge to succeed or at least reduce the risk of losing cash right away.

Bet sizes appear to be a fundamental gambling strategy each player should be well aware of. The idea is to combine big bets with the aim of winning a huge cash prize with smaller bets for smaller wins to stay on the flow. Imagine, that you play a slot with high volatility and also some chances for a bigger prize. You make smaller bets for smaller wins to expand your bankroll having more credits on your balance. Once you have managed to exceed your initial deposit with tiny prizes you may change strategy and opt for max bets in the chase for the jackpot. As a result, you save your initial deposit and use only cash won for the max bet. 

Using this tactic for a single slot or casino game is wrong. Split your bankroll between several games and implement a multi-betting strategy to increase your chances.

Part 5 – Tips to Accumulate Your Wins

It does not matter whether you are a high roller playing low volatility slots in an effort to hit the major prize or you are a tight player hunting down smaller but more rapid wins, you need to learn how to accumulate your prizes. Opting for high volatility slots is important in terms of expanding your bankroll. You will hardly appreciate new deposits with cash from your pocket. It is better to have a balance reserved formed of smaller wins.

Know when to quit. If the slot gave your x100, it would never give you more. It is not a wonder shop with tons of special tricks and magic balls. When professional players have their lucky day, they try different casino games and never stick to a single slot machine.

Play at best Online Casinos in Australia

Opting for the tight casino is the last but not least in our today’s lesson. Only trusted and proven websites may guarantee fair gaming process with huge welcoming bonuses and an array of slot games to choose from. The more options a player has, the more winning chances they deliver.

Our website contains a full list of best Australian online casinos with detailed reviews, descriptions, and rates. Here you will find some biggest industry names with support for multiple payment options, great loyalty programs, special offers, and the biggest selection of casino games.