TIP # 1: ESTABLISH YOUR BANKROLL BEFORE PLAYING
Regardless of whether you are playing online or in the online casino, give the appropriate idea to your bets for the day.
If you take the stock and decide that you can afford the risk of $ 100 for the day, then limit your online buy-in to no more than $ 100, or take no more than $ 100 in gambling money to a brick casino and mortar.
Once you have established your bankroll for the day, do not exceed it. If you bet your bankroll at $ 100 and you lose everything, that’s it. Do not touch on other funds. Get away from the games of the day.
If you win or you never reach the bottom of your bankroll and you can extend your play, great. But part of managing smart money is never betting money that you can not afford to lose. You want your play money to come from an entertainment budget, not money needed to pay rent, mortgage, grocery bills or any of the other necessities of life.
TIP # 2: KEEP YOUR MONEY RATE AND MONEY FOR OTHER SEPARATE EXPENSES
That could mean keeping money to play and money to go out to lunch in separate compartments in your wallet, or it could mean money to bet on your left pocket and other money on your right.
Regardless of how you decide to separate your funds, do not let them mix. You have already established your game bankroll, and your lunch money is not part of it. When it’s time to go to lunch, you want the lunch money to be there.
TIP # 3: DO NOT ASK FOR MONEY BORROWED TO BET
That goes double for credit card advances. The money borrowed is expensive money.
Most offline casinos have machines where you can use your credit cart to start a cash advance. Then go to the cashier’s cage to sign the paperwork and collect your money.
There is a transaction fee that depends on the amount you wish to borrow. If, for example, the fee for a $ 100 advance is $ 10, it is like adding 10 percent to the house advantage. To break even for the day, you would have taken that $ 100 to the slots and charged $ 110.
That does not include the monthly interest charged by the company on your credit card for cash advances. Those can exceed 20 percent, and can be repeated month after month unless you pay your bill in full.
Paying the fees and interest, then playing games in which the house has an advantage, makes it very likely that not only will you lose money, but you will end up behind what you intended when your bankroll is established.
TIP # 4: TRY A SYSTEM OF FLOATING LOSS OBJECTIVES AND LOSS LIMITS
The goals and limits of losses have been part of the slot player’s toolkit for decades.
In its strictest form, the boundaries have established both a floor and a roof. If you have set your bankroll for the day at $ 100, then that is your loss limit. If you lose $ 100 you stop and do not face other funds.
At the same time, you set a goal for Victoria. If you decide that for your $ 100 bankroll, you would consider it a great day if you could get ahead by half that amount, then your goal to win would be $ 50.
Each time you reach your Victory goal or loss limit, you call it one day. In this example, if your game bankroll reaches $ 150, which means that it is ahead of $ 50, it stops there and blocks your winnings. If the bankroll reaches zero, of course, you have reached your loss limit and you are ready for the day.
Most players find a goal to win fixed too limiting.
What happens if you have a $ 50 winner on your first play? That’s pretty easy to do with four of a kind in many 25-cent video poker machines, a large bonus round or a mid-level progressive jackpot in a low-limit video slot or a combination like three triple rods or three 7s in a three reel slot.
You probably do not want to leave after making a bet. You have logged into the online casino or have entered an offline casino to have a good time, and you want it to last.
One way to stay in action while continuing to use solid money management is to let the goals of winning and loss limits float, with adjustments in both your floor and ceiling every time you reach a goal to win.
With floating targets and limits, it is best to reduce your goal of earning 20 percent of your loss limit instead of putting that 50 percent gain in your sights immediately.
Suppose you have a loss limit of $ 100 and set your goal to win for $ 20. If you win $ 20 to take your bankroll to $ 120, you have reached your goal of winning.
At that time, adjust both your goal to win and loss limit for that $ 20 win. You raise the goal of winning to $ 40, but you also link it to your loss limit. The loss limit remains at $ 100, but it is $ 100 from a bankroll that is now at $ 120.
That means you’re closing $ 20, there to take you home, even if your luck turns sour and you lose $ 100 from that point.
By doing that, you make sure you get away with at least part of your budget amount without hindering your flexibility to keep playing.
You do the same thing every time you hit a new goal by Victoria. In our example, you have won $ 20, and the new goal to win is $ 40. If you reach $ 40 in profits, then raise the goal of winning to $ 60 and also lift the floor. If you lose $ 100 of your new total of $ 140, then you walk away with $ 40 in your pocket.
The idea is that every time you have a good winning streak, you make sure that you move away with a little more of your money and do not return it to the Casino.
The precise amounts of your initial bankroll and the percentage you set as Victoria’s goals are yours. There are players who are more comfortable with 10 percent as a goal to win; others like 25 or 30 percent.
The small amounts that are blocked after reaching each winning goal may not seem like much, but coming home with $ 20 more than you had budgeted as your flat in multiple Casino trips adds up fast. It is definitely better than losing the early winnings back to the Casino one and other times.
TIP # 5: LEAVE AT LEAST HALF OF ANY GREAT VICTORY
Think of good-sized Jackpots as separate from the objectives of winning and the limits of loss. You want to make sure you bring a large part of the money home.
Do not repeat the sad story of a video poker player who wrote that he draws a royal flush for $ 1,000 on a 25-cent machine. She decided to move to a dollar machine to see if she could win really big. Instead, he lost everything and went home empty-handed.
When you win a Jackpot like that, it’s okay to try bigger games to see if lightning can strike twice for an even bigger pot. But it is also important to establish limits.
With a pot of $ 1,000, immediately put at least $ 500 of it away, not to be touched for the rest of your exit from the Casino.
It’s your decision on what to do with the other $ 500. If you want to try a more expensive game, good luck. If you want to set a higher loss limit while playing the same games, that also works. If you want to put an even greater portion of it, take your partner or friends to a good dinner, go to a play, add it to the educational fund of your children or grandchildren or simply put it in savings. more power for you
With a really huge Jackpot that changes the lifestyle, like multi-million dollar payments in Megabucks, give yourself a cooling period. If you want to bet with an extra thousand dollars, that’s natural. But leave almost all the boat intact until you’ve had time to let go of the initial fever of excitement, discuss things with your family or financial advisor, and decide what you really want to do with the money.
The boat does not have to be close to that big size so taxes come into play, and that brings special needs.
In the United States, for example, the internal revenue service requires that casinos have to sign the tax forms before the Casino can pay any Jackpot of $ 1,200 or more. The casino usually does not hold the tax money-it depends on you as a player to pay. Make sure you have enough money to pay the taxes in addition to the money you are saving to take home.
TIP # 6: ON MULTI-DAY TRAVEL, DIVID YOUR MONEY IN SESSION BANKROLLS
There are few feelings worse than the one that is running out of money the first day of a trip in the Casino, and it is a feeling that millions of players have had over the decades.
You do not want to pay the credit card fees, and you do not want to just avoid the game floor either.
If you bring $ 1,500 to Las Vegas for a three-day trip, budget yourself at $ 500 per day.
Do not carry the money allocated for the other two days. Put it in the safe or in some other safe place. Then, if you hit your loss limit for the first day, you still have money for days two and three separated.
TIP # 7: STAYING
The faster you play, the more chances the edge of the house has to work against you.
Do not hurry. Take the time to walk around the Casino and explore what it has to offer. In the winning spins, take a few seconds to see the winning pay lines. Order bottles of water or other drinks – it’s good to stay hydrated-and chat with the waitress. Take frequent breaks.
You do not have to simply press the button as soon as the reels stop again and again. Take your time.