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Tips to Managing Your Money when Gambling Online

Here at virtual-gambling-casino.com we believe that there are many things to keep in mind while gambling, but few of them are as important to your success as managing your money. This is crucial if you want to minimize your losses. We have a few guiding principles for you to follow that will help maximize your profits and reduce your chances of losing your bankroll when gambling online.

The basic rules for keeping your balance up
1. Before starting a session, come to a decision about the maximum amount that you can afford to lose. Stop playing if you lose that amount. We also recommend figuring out a monthly budget of your casino money. This will help you in deciding the amount that is available for you to gamble with at each session and prevent you from exaggerating.

2. Have savings you put aside? Are your bills waiting to be paid? Never use this money to play.

3. Never bring your entire bankroll with you. Only bring enough for about 2 or 3 playing sessions, (roughly 40 to 60 units). Play in sessions of 20 units at a time. Quit the session if you lose 20 units, or if you win 10 units. The sessions would look like this: a $3 player with a $300 dollar playing bankroll would use $60 per playing session and quit if the $60 was lost, or $30 won.

4. Your bank role for the progression methods listed below should be enough for 100 bets. If your minimum bet is $3, you'll need a $300 bankroll to play with.

5. You should never raise the bet size on repeated losses. This is the quickest way to dig your self a grave. However, on consecutive wins, you may increase your bets if you decide to do so. Most strategies would recommend a 50% progression. A 50% progression increase goes like this. When you win, you can make your next wage for the same amount, plus 50% more. The development would look like this for a $3 bet: $3, $5, $8, $12, $18, $27, $40, and so on. You can continue to add to your bet until you lose. Once you have lost a bet, start over again at $3, or whatever dollar amount your bankroll allows.

Another recommended progression in the 1, 2, 3, 5 win method. With this method, you can increase your bet from 1 unit, to 2 units, to 3 units, and as a final point to the maximum of 5 units. Again, only continue to increase your bets on consecutive wins. The progression would look like this for a $3 bet: $3, $6, $9, $15 then back to $3. After you make the maximum 5-unit bet, whether you win or lose, make your next bet 1 unit. This is the more traditional approach of the two progression methods suggested. Also, the size of your original bet depends greatly on your bankroll. We have used the $3 bet for example because many players don't have a large enough bankroll to place the big dollar bets.

6. Although you should never be greedy, you should also never stop in the middle of a winning streak. If you've managed to win 10 units, continue to play with the goal of winning 10 more units. You can keep this going as long as you are winning. Once the wins start turning into losses, walk away with your profit. Remember that a small profit is better than breaking even. Every little bit you're ahead adds up over time

7. When you are winning, your playing bankroll will increase. This is a good time to raise your bet. As a result, your bank role will lessen when you are losing. It is then recommended that you decrease the size of your bet. Your minimal bet should always be equal to 1/100th of your bankroll when using win progression methods.

Important note about money management
Beware of becoming a "chaser"! You should never, under any circumstances try to win back money you have lost! All online casino gamblers, at some point in time, are going to experience losses. (…facts of life). It is the way that you conduct yourself when they occur, that will determine whether or not you are going to become an online casino gambling winner. If you lose one or two sessions, it's best that you call it a day. Don't create a situation that will be too hard to get out from. Online Casino Gambling is still going to be here tomorrow, and if you follow the proper playing strategies, you'll be winning again in no time!

Famous Words of Wisdom about money:
To acquire knowledge, one must study; but to acquire wisdom, one must observe.
- Marilyn vos Savant

If you can count your money, you don't have a billion dollars.
- J. Paul Getty (1892 - 1976)

Money is the sinew of love as well as war.
- Dr. Thomas Fuller (1654 - 1734), Gnomologia, 1732