MANAGING YOUR
ONLINE CASINO GAMBLING FINANCES
Once you have learned the
proper playing online casino gambling strategies, you are on your way to becoming a successful
online casino gambler. However, you still have to
have develop a solid plan on how to manage your finances. If you do not have
a good online casino gambling plan, losing is
going to take place. We have a general set of guidelines for
you to follow that will help maximize your profits and minimize your
chances losing your bankroll when gambling online.
1.
Never play with money allotted to your bills and or savings.
2.
At the beginning of each session, decide what is the maximum amount that
you can afford to lose. If you lose that amount, stop playing. It is also
good to figure out a monthly budget. This will help you in deciding the
amount of which you can gamble with each session.
2.
You should never increase the bet size on consecutive losses.
This will get you in the hole in a hurry. However, on consecutive
wins, you may increase your bets if you so decide.
Most strategists would recommend a 50% progression. A 50%
progression increase goes like this. When you win, you can make your next
bet for the same amount, plus 50% more. The progression would look like
this for a $3 bet: $3, $5, $8, $12, $18, $27, $40, and so on. You can
continue to increase 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
finally 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, win or lose, make your next bet 1 unit. This is the more conservative
approach of the two progression methods suggested.
Also, the size of your initial 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.
3.
Your bank role for the progression methods listed above should be enough
for 100 bets. If your minimum bet
is $3, you'll need a $300 bankroll to play with.
4.
Never bring you 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.
5.
Although you should never be greedy, you should also never quit 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. Understand
that a small profit is better than breaking even. Every little bit you're
ahead adds up over time
6.
Your playing bankroll is going to increase when you are winning. This is a
good time to increase the size of your bet. As such, your bank role will
decrease when you are losing. In this case, it is recommended that you
decrease the size of your bet. Your minimum
wager should always be equal to 1/100th of your bankroll when using win
progression methods.
Important Note: One
thing you should never do when gambling online is trying to win back what you
have just lost. Many players will get themselves into serious trouble this
way. The best thing you can do is to cut your losses and play again
another day. All online casino gamblers, at some point
in time, are going to experience losses. The way that you handle them is a
big factor in 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 quit for the day. Don't
dig a hole for yourself that is to deep to get out of. 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!
© Copyright 2002
1-online-casino-gambling.net
Online
Casino |
Gambling |
Online Casino |
Online Casinos |
Poker |
Online
Casino
|