Online Gambling Money Management
1. Don’t play with money you’re scared to lose. Make a budget, decide how much you can afford to lose and make that the maximum amount you can spend while gambling.
2. Don’t bet larger on the next spin after a big loss, on the next spin after a win however go ahead and bet larger.
3. If your budget for the night is $500 your minimum bet should be $5, a progression of 100 units.
4. If you hit a winning streak and your budget increases go ahead and increase your bet size, do the opposite if you lose, making your minimum bet equal to 1% of your total budget.
5. Take only enough for 2 or 3 playing sessions to each table, never your entire budget. This gives you time to calm down and think about your bets if you decide to continue playing.
6. Never quit in the middle of a winning streak, take advantage of lady luck for as long as she’s with you.
7. Chasing your losses – increasing your bets after a loss in the hopes of recouping them - is the biggest mistake you can make in casino gambling. At some point every gambler loses, playing smart will help you to manage the losses not panicking. If you find yourself on a losing streak walk away, the casino will be there tomorrow when you may have better luck.
