Bankroll management is the ability to optimally use your financial resources, ensuring more playtime and higher win potential. But, it’s not something that can be learned overnight.
Furthermore, bankroll management is not a skill on its own. It comprises of several different “habits” that help you get the most out of your funds.
It takes experience, dedication, and strong character to develop and maintain a proper bankroll management strategy.
Luckily, the basics can be learned relatively quickly. But, it will take a while to properly master the art proper bankroll management.
<h2 class="p2">The Importance of Proper Bankroll Management</h2>
Let’s address the most important question right away – why is bankroll management important?
It’s important because of two seemingly opposite things:
<ul class="ul1">
<li class="li3">Budget conscious players can use it to maximize their playtime</li>
<li class="li3">Thrill seeking players can use it to maximize their long-term winning potential</li>
</ul>
<h3 class="p4">Gambling Bankroll 101</h3>
In the shortest possible terms, gambling bankroll represents the funds you have in your online casino accounts.
But, when talking about gambling bankroll, we’re mainly taking about the management behind it.
<img class="size-full wp-image-2512 aligncenter" src="https://winz-blog.s3.eu-central-1.amazonaws.com/money_management_ba0d17ef5b.jpg" alt="Bankroll Management Decorative Image" width="750" height="438" srcset="https://winz-blog.s3.eu-central-1.amazonaws.com/money_management_ba0d17ef5b.jpg 750w, https://winz-blog.s3.eu-central-1.amazonaws.com/money_management_300x175_1a75fd0f90.jpg 300w" sizes="(max-width: 750px) 100vw, 750px" />
It’s a much bigger picture that dictates when a player can make a deposit, as well as when and how much to withdraw. Some players go the extra step and pair the basics of good bankroll management with additional wagering strategies.
If you’re a high-roller or you just like to gamble frequently, this combo ought to work like a charm!
<h3 class="p4">Why does One Need Proper Bankroll Management?</h3>
The simplest way to look at bankroll management is like a tool that ensures you (almost) always have funds available for gambling.
At the same time, though, it’s also a tool that prevents excessive spending and ensures players don’t start chasing their losses.
If you’re serious about your gambling habits and you’d like to be on the winning side of things, relying on bankroll management is a key to success.
It won’t come overnight, though. But, if you stick with the basics, which we’ll explain right down below, you’ll greatly improve your chance of success.
<h2 class="p2">The Basics of Bankroll Management</h2>
As mentioned earlier, the basics of bankroll management are fairly simple. They dictate your budget, basic wagering mechanics, help you understand the dangers of excessive gambling and how to prevent them from happening.
Let’s go through the four key aspects:
<h3 class="p4">Set a Budget and Stick to it!</h3>
First and foremost – the very base of all bankroll management strategies. If you can’t set a budget (be it monthly or weekly) and stick with it, you shouldn’t gamble online. Some will say we’re being too critical, but we stand behind our words.
<img class="size-full wp-image-2513 aligncenter" src="https://winz-blog.s3.eu-central-1.amazonaws.com/dollar_coins_6ced3c9500.jpg" alt="Dollar Coins" width="750" height="442" srcset="https://winz-blog.s3.eu-central-1.amazonaws.com/dollar_coins_6ced3c9500.jpg 750w, https://winz-blog.s3.eu-central-1.amazonaws.com/dollar_coins_300x177_682e13681c.jpg 300w" sizes="(max-width: 750px) 100vw, 750px" />
Why is that? It’s simple – if you’re just starting out and you can’t control your spending habits right away, how do you think your finances will fare in the long run?
People without self-control are the perfect examples of what NOT to do. If you have temper issues, run away and don’t look back. Online gambling isn’t your cup of tea!
<h3 class="p4">Know What Games You Can Afford</h3>
This comes without question – know what games you can play and what tables you can afford to sit out.
If a game has $10 to $100 wagers and your total bankroll is $50, there’s no point in playing it. It’ll burn through your funds in 5 minutes. Instead, pay attention to the minimum staking requirements.
This isn’t just the case with online slots – different casino table games tend to have massive discrepancies in terms of min and max wagers. Before you sit down at such a table, make sure you can afford the stake.
Some bankroll management strategies dictate per-round wagers up to 5%. But, we’ll discuss that later on.
<h3 class="p4">Take Advantage of Bonus Offers</h3>
While they don’t have a direct connection with bankroll management strategies, bonus offers can be a great way of boosting your gambling funds very early on. They come in the form of either free spins or deposit matches.
<a href="https://winz.io"><img class="size-full wp-image-2088 aligncenter" src="https://winz-blog.s3.eu-central-1.amazonaws.com/blog_casino_banner_42863831fe.jpg" alt="Sign up at Winz.io now and start winning" width="750" height="220" srcset="https://winz-blog.s3.eu-central-1.amazonaws.com/blog_casino_banner_42863831fe.jpg 750w, https://winz-blog.s3.eu-central-1.amazonaws.com/blog_casino_banner_300x88_1a9e67fc4e.jpg 300w" sizes="(max-width: 750px) 100vw, 750px" /></a>
Realistically, both variations ought to help you out.
Don’t forget about cryptocurrencies. Lots of online casinos, including Winz.io, often have exclusive promotions for crypto users. If you’re interested in crypto gambling, head on over to our <a href="https://winz.io/blog/best-crypto-wallets-for-gambling/">best crypto gambling wallets guide</a>. It’s a great page to get you started!
<h3 class="p4">Gamble Responsibly</h3>
Remember, the casino always has the edge. The house edge phenomenon is not a myth – no matter how hard you try; the house will ALWAYS have the edge.
Why are we telling you all this? Because beginners tend to forget about that and continue gambling with the funds they can’t afford to lose, hoping they’d eventually break even.
This is the so-called “chasing losses”. In short, it’s one of the worst things you can do when gambling online. We’d like to emphasize the importance of avoiding that at all costs. If you’re struggling to contain yourself and stop gambling, don’t wait – call a <a href="https://www.ncpgambling.org/help-treatment/national-helpline-1-800-522-4700/">responsible gambling hotline</a>!
<h2 class="p2">Most Popular Bankroll Management Strategies</h2>
When talking about the most popular bankroll management strategies in particular, two immediately come to our mind – flat bets and percentage betting strats.
They’re not complicated at all, but could drastically improve your profitability… especially if you’re new to the whole online gambling sphere. Here’s what you need to know:
<h3 class="p4">Flat Bets</h3>
First off, let’s explain the most basic bankroll strategy – flat betting. Flat bets are simple bets that have one common characteristic – they all have the same wagering amount which is within 5% of your total gambling bankroll.  
There are no rules regarding frequency, so this strategy can still prove highly volatile.
Here’s a simple example – let’s say you have a bankroll of $1,000 and you’d like to use a 3% flat bet strategy. This means you can only wager 3% of your total bankroll in one session/bet, which is $30. No matter how confident you feel, flat betting works only up to 5%.
<ul class="ul1">
<li class="li3">$1,000 starting bankroll</li>
<li class="li3">3% of starting bankroll = $30 per bet/session</li>
<li class="li3">Rinse and repeat</li>
</ul>
Deploying a flat betting strategy is the quickest way beginners can ensure they’re <a href="https://winz.io/blog/why-promoting-responsible-gambling-is-important/">gambling responsibly</a>. If you’re worried about your personal finances being affected by gambling, flat betting to the rescue!
<h3 class="p4">Bet Percentage Strategy (Percentage Betting)</h3>
In essence, percentage betting is similar to flat bets. They’re both based on a certain percentage of the bankroll.  However, there’s a key difference.
<img class="size-full wp-image-2514 aligncenter" src="https://winz-blog.s3.eu-central-1.amazonaws.com/crypto_coins_1_fed1ec0eaf.jpg" alt="Crypto Coins" width="750" height="438" srcset="https://winz-blog.s3.eu-central-1.amazonaws.com/crypto_coins_1_fed1ec0eaf.jpg 750w, https://winz-blog.s3.eu-central-1.amazonaws.com/crypto_coins_1_300x175_d88a7a4056.jpg 300w" sizes="(max-width: 750px) 100vw, 750px" />
Flat bets, as the name suggests, are a flat percentage and they don’t change.
Percentage betting, on the other hand, depends on the current size of the bankroll. With percentage betting, the bankroll continuously changes and so do the wagering amounts.
It’s easier to understand with a quick example:
<ul class="ul1">
<li class="li3">$1,000 starting bankroll</li>
<li class="li3">4% of current bankroll = $40 per bet/session</li>
</ul>
Fast forward a day or two:
<ul class="ul1">
<li class="li3">$600 current bankroll</li>
<li class="li3">4% of current bankroll = $24 per bet/session</li>
</ul>
Fast forward a day or two once again:
<ul class="ul1">
<li class="li3">$2,800 current bankroll</li>
<li class="li3">4% of current bankroll = $112 per bet/session</li>
</ul>
<h2 class="p2">Conclusion</h2>
While it’s not the most important thing in a gambler’s arsenal, it’s right up there with the crucial aspects.
Proper bankroll management can make a world of difference, especially for beginners and people who haven’t yet developed a sense of budget-management.
So, if you’re looking for that extra oomph to your wagering strategy, make sure you explore bankroll management.
It’s difficult to stick with it, we know, but if your character is strong enough, you’ll never have to worry about falling into financial trouble or chasing losses.
We recommend you start off slowly. Simply set a budget and stick with it. Emphasis on the word “stick” because that’s the most difficult part.
If you can manage to stick with the budget without making additional deposit till the end of the month, you’ve passed the test.
This means you can start working on further developing your bankroll management skills and possibly even combining it with wagering strategies!

beginners-guide-to-casino-bankroll-management.jpg

Player Guides

Gambling is easier with our simple and helpful Player Guides. From account setup to pro tips, we've got you covered for an improved gaming experience.

Winz.io Player Guides: Your Key to Enhanced Gaming

Tips and Tricks

Boost your game at Winz.io! Explore simple yet powerful tips and winning strategies in our 'Tips and Tricks' blog category. Level up your play and increase your chances of winning big!

Win More with Winz.io: Get Pro Tips in 'Tips and Tricks

Discover the essential principles of bankroll management for online gambling with our beginner's guide. Learn how to safeguard your funds, set limits, and optimize your playing experience to enhance both enjoyment and long-term success! 

Beginners Guide to Bankroll Management in Online Gambling

Beginners Guide to Casino Bankroll Management

Guide to Buying, Storing, and Gambling with Bitcoin Cash

Guide to Buying, Storing, and Gambling with Ripple

Sign up NOW and

WELCOME WOW BONUS

Wheel of Winz

Promotions

The page you are looking for doesn’t exist or any other error occurred, go back to home page

OOPS...Page not found

Latest articles

A página que você esta procurando não existe ou outros erros foram encontrados, volte a página principal.

OOPS...Página não encontrada!

Artigos recentes

Tente outro ou veja os artigos populares abaixo

Die gesuchte Seite existiert nicht oder es ist ein anderer Fehler aufgetreten, gehe zurück zur Startseite

UPS ... Seite nicht gefunden

Neueste Artikel

Leider wurde für deine Anfrage nichts gefunden...

Versuche es mit einem anderen Artikel oder schau dir unten die beliebten Artikel an.

Try another one or check Popular Articles below