Money Management for Online Gambling

If you are going to gamble for fun, in any capacity, then it is vital you take good care of organising your money.  Money management for online gambling is something that is important because with so many deposits and withdrawals coming and going from your account, it can be difficult to keep track. And, or course, no one wants to end up gambling with money they cannot afford. Here, we give a few tips on managing money when gambling online;

Consider a separate bank account

If you enjoy online gambling on a regular basis, be it on online casinos, bingo or sports betting websites, then you may want to consider a separate bank account purely for these pursuits. This keeps all monies separate from your household and daily living expenses, and allows you to withdraw winnings into this account keeping it all separate.

Give yourself a float

If you do decide to set up a separate bank account for online gambling, then perhaps make an initial deposit to get you started, and then decide to only play with your winnings from then on. This could be anything from 」20 to 」200, but the key is to spend it wisely, not all at once.

Set a budget

Another way of keeping track of your money when gambling online is to give yourself a budget. This should be seen as ‘entertainment’ funds, and not as a way to make money. When you’re done with that money for the week, you’re done. This could be 」30 per weekend for sports and casino gambling, and anything you win is a bonus ・ just remember to never go over your set budget.

Top 6 Online Casino Myths

There are so many myths about online gambling and online casinos, it can be confusing what to believe and what not to. Most myths are around strategy and ‘beating the house’, or come from the unfamiliarity of the concept of gambling online. Here are our top 6 online casino myths;

1 ・ I know a way to win on slots every time

Online casinos have a fixed house edge for slots, so basically there is no method that will work to ensure winning apart from pure random luck.

 2 ・ I am due a win

Winning on the online casino is a game of chance, it does not add up how many losses you have incurred and pay out accordingly (unfortunately!)

 3 ・ Online casinos are a rip-off

This is false. They provide fun, entertainment, and a way of maybe even winning a few quid. Where casino games are played responsibly, for fun, they provide good value for money.

 4 ・ You’ll never win

False again. Just as you cannot guarantee that you will win, you also cannot guarantee a loss. Punters win and lose by pure chance most of the time, and this is what gambling is all about.

 5 ・ Online casinos are corrupt

Online casinos are tightly monitored and regulated and in many cases safer to play on than in real live establishments. We have taken the work out finding the most reputable online casino sites by featuring them all here on our site, complete with ratings and reviews.

 6 ・ I know a cheat

Unless someone is doing something highly illegal by hacking software, it is not possible to cheat at an online casino. All software and websites are routinely monitored and regulated, and above all, secure.

Online Slots Strategy Tips

There are sites all over the web claiming they can inform you of online slots strategies, however the truth is, there is no guaranteed way of playing slots to win. That is not to say however that there are not some good strategic moves you can make in order to maximize your chances of doing well at slots, because there is.

 Here are our online slots strategy tips;

 Keep your stake consistent

Having a consistent stake is something that is advisable in all gambling pursuits. For example – what not to do is play £1 per spin for 15 rounds, then reduce it to 20p a spin and then it happens you hit a pay out. Your stake should be the same throughout your play, although sometimes the strategy of slowly increasing it can benefit, depending on your bank.

 Choose your stake according to your bank

If you have £20 to play with, it is not advisable to play £1 per spin, because if you don’t hit a large payout in 20 spins, your play will be short lived. 1% is a good stake, so 20p a spin for £20 bank, or play £1 a spin with £100 bank. These are just ideas – the choice is yours.

 Select Maximum Lines

It is always a good idea to ensure that maximum lines are selected. Some slots pay out on 50 lines, so that is 50 different ways you can win. Always start the game by selecting maximum lines, minimum stake, and then go from there.

 Know the volatility of your slots

Depending on the slots game; winnings, bonus rounds and free spins can be frequent or seldom. If you have a large bank to play with then you might prefer to play a slot that doesn’t pay out much, but when it does it is big. Or, you might find that a slot that is always doing something interesting suits you better.

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