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3 Bankroll Management Tips for First Time Online Casino Players

When people first start looking into playing online, the first things they will often look out for is what types of machines offer the biggest payouts or maybe strategies on how to beat blackjack for instance. However, a few will look into ways on how to better manage their bankrolls, which is one of the most essential points any online gambler will have to be able to master if they want to last in this game. In this article, we’re going to give you a few basic bankroll management tips anyone can apply to stretch their dollar for longer.

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Take Advantage of Free Money

Some casinos will basically throw money at you so you can try their new games. Take advantage of that. Check what type of bonus they’re offering and what other players had to say about them;getting a good bonus is no excuse for playing at a mediocre casino, or even worse, a fraudulent one. An online casino such as SugarHouse will always state that they are licensed and regulated by an independent party.  Also look for loyalty programs that offer points and rewards.

Never Chase Losses

Going “on tilt” as it is often referred to in the gambling world is one of the most dangerous pitfalls for any player. This is when you get emotional after a huge loss or a bad beat and just pour your money in trying to recoup what you’ve lost. The only way to prevent that is to set clear limits before you start and never play when you feel like you’re in a tilt state.

If you want to have control over your sessions, set both a time and money limit, and stop at whichever comes first. If you feel like you can afford to lose $200, cut that in half. This will be your budget for today. If you continue winning however, you have to respect the clock too. Too many players make the mistake of chasing the high and finishing in the red, so always try to keep your emotions in check, whether you’re winning or losing.

Maximize Your Bets

The key to lasting when playing at an online casino is to stretch your money as much as possible. The more bets you make, the better your chances. So instead of making ridiculous bets, look at your bankroll and the amount of time you’re thinking of spending playing. Then divide that by the set number of bets you want to make per hour. For instance, if you usually play 20 blackjack hands per hour and you have a $100 bankroll, then you can play for one hour placing $5 dollar bets. This will allow you to extend your playing time and see more hands.
You can be the best player in the world, but you won’t get anywhere if you don’t first understand how to manage your bankroll properly. Follow the few tips in this article, and you should be able to enjoy your time while maximizing your chances.