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Everygame Casino offers over 300 great games which can provide many hours of fun online casino gaming. Having said that, we also reiterate as often as we can that gamers should certainly NOT play all of our games in one gaming session.
In fact, with over 300 games available, we readily acknowledge that it would take at least a full year for a gamer to play each of our games for, say, 30 minutes. We encourage short, frequent sessions as a fun and entertaining way to relax, calm down after a long day at work, and so on. While we might spend 8 to 10 hours per day at work, we feel that 30-60 minutes of online casino gaming here at Everygame Casino is sufficient.
Real Money Bets are for Real Money!
One of the many reasons why we encourage short sessions is because that allows for better bankroll management. The experience so many players have had at land-based casinos shows that the longer you play the more likely you are to overextend your bankroll.
So, in this article, we will talk about how to achieve sound bankroll management.
Everyone Makes Financial Decisions Every Day
Whenever we spend money, we have to decide if the good or service we are buying warrants the cost. We do this at the supermarket, clothing and shoe store, restaurant, gas station, movie theater, stadium, ad infinitum. Many people instinctively know when something is too expensive or the product is not worth the price tag.
People who often go to the supermarket to buy “just a few things” and end up buying a lot of things, may decide to formally write down a shopping list and stick to it. This in a very real sense is what we recommend gamers do before a session: have a “gaming list” and stick to it.
Put Instinct on the Back Burner
Instinct is great when you are in a foreign country and you think that the price a juice stand worker is quoting is too high for the glass of freshly squeezed juice. Even if you can’t work out the arithmetic in your head quickly, you know that the price is too high. At a casino, both land-based and online, you have time to sit down and formally decide how much bankroll you will commit to the next gaming session.
A lot of people do not like to make this kind of formal financial decision. However, given that online casino gaming is a form of entertainment, we should think about how much that entertainment is worth.
What Happens when a Gamer Allocates $100 for a Gaming Session?
The first thing to see is that it would be the height of irresponsible gaming to put the entire $100 on a single number in roulette. That is the case even if the gamer “can afford” to do so.
Not only would you not make that wild bet in roulette, you wouldn’t bet the full $100 on any single spin or hand in any game!
Extravagance Begets Extravagance
The decision to make such a wild bet can lead to ever wilder bets until a $1000 bankroll is exhausted in record time.
So, the simple, yet not so simple, solution in the case of a $100 bankroll is to divide it into much smaller parts!
A gamer needs to do this only once: decide how much to bet on slots, a hand in blackjack or video poker, and rounds in Banana Jones.
If you want to play for a progressive jackpot in slots, decide how many spins you will make. You already know how much each spin will cost since you have to bet the maximum in order to win the big jackpot. If you bet X on every spin, how many spins can you reasonably take without exhausting your bankroll?
The Most Important Non-financial Part of Sound Money Management is….
Self-Control
Setting a formal bankroll for gaming is similar to writing down a shopping list. It can be a valuable conduit to improving one’s self-control. We often pay lip service to the idea of self-control but it is truly a very important element in mature and responsible behavior among adults.
Kids do not know a lot about self-control which is why kids have temper tantrums. Phil Hellmuth is the subject of a lot of YouTube mirth and laughter because of his apparent lack of self-control.
In the area of money management, self-control is a learned given. It is not usually an inchoate given. But it is a very important given!
Choose Games Wisely and Well
As much as we would all like to win a million-dollar jackpot, the chances of one’s doing so are quite slim. The return-to-player rate in progressive slots is relatively small. The return to player rate in blackjack and video poker is a lot higher, about 99.5%!
Gamers can spin a few slots and play some blackjack or video poker and end the session with close to the $100 they started out with.
Playing an assortment of games presents a wonderful way to enjoy online casino games. We offer games that few land-based casinos can offer since blackjack and roulette tables take up so much space.
So, land-based casinos offer American Roulette while Everygame Casino also offers European Roulette with a house edge that is half the house edge in American Roulette.
Know When to Stop
This has two main parts. First, if we set 60 minutes for a gaming session, we have to stop when those 60 minutes are up. However, if we are on a winning streak or a losing streak, the temptation will be strong to continue the session either to win more or to win back what we have lost.
In both of those cases, the correct money management decision would be to end the session. Winning streaks and losing streaks are common. Gamers have to expect them. But trying to extend a winning streak can turn it into a losing streak. Trying to recoup losses often results in the gamer making larger bets than he or she can afford to make, increasing rather than decreasing losses.
Avoid All Betting Systems
The subject of winning streaks and losing streaks leads us inexorably to the idea of winning by using a betting system.
Sound money management requires that WE NEVER USE A BETTING SYSTEM! These systems do not work! If they did, all casinos would go bankrupt in no time! The big flaw in betting systems is that they don’t take losing streaks into account.
With the Martingale System, even a three-spin losing streak on even money bets in roulette would make for a wild and irresponsible bet on the gamer’s part just in order to win back his or her original ante! Let’s take a look.
First bet $10 The bet loses.
Second bet $20 The bet loses.
Third bet $40 The bet loses.
Now, in order to win back the original $10 bet, a gamer has to bet $80!
This is unsound money management writ large!
The Bottom Line is That Gamers Should Respect Their Bottom Line
Everygame Casino wants gamers to have fun playing our online casino games. We feel that we have shown how money management is easier at our online casino than at any land-based casino.
We also offer great deposit bonuses some of which come with free spins. Bonuses are a subject all unto themselves. For now, may we recommend that you…
