Casinos are a great place to have a great time, but the fact of the matter is that these places can end up costing you a lot of money. Almost unconsciously, players can run through their bankroll and be left with nothing in their wallet. Even worse, there are people who run through entire bank accounts before they truly realize what they have done. Casino bankroll management is often an afterthought for people going to casinos, but it should be one of the first and only things you think about before setting foot on the casino floor.
In theory, managing your bankroll is not hard at all. After all, you’ve made it this many years with money in your bank account; how difficult could it possibly be to avoid running through all of your money in a single casino trip. While most people would agree with this school of thought, you would be absolutely surprised to see how difficult it is to abide by.
Know Your Strengths and Weaknesses
One of the best ways to avoid succumbing to a 0 balance in your bank account is to know what games to play and what games to stay away from. Roulette, for example, is a game of chance that absolutely no one can influence. What I mean by this is that no matter how many good luck charms and rituals you have, there is nothing you can do to make it more likely that the roulette wheel will stop where you want it to. Because of the randomness of the game, it is very easy to lose money quickly.
Roulette, to continue this example, is a game that offers some staggering odds on certain bets. Odds of more than 30:1 delude people into thinking they can win big quickly. The reality of the matter is that this rarely, rarely happens. Instead, you will see your bankroll dwindle to nothing before you ever land on a single number correctly.
Roulette is just one example, but it is a good one. You have to know what games are your strengths and what games are your weaknesses. It is ok to play a few spins of roulette, but when you are trying to make up thousands of dollars’ worth of losses, roulette is not exactly the best way to do that.
Know When to Walk Away
Though it is easy to win a lot of money in a short amount of time at a casino, it is even easier to lose absolutely massive amounts of money in even shorter periods of time. Even if you have historically performed well at a specific casino or while playing a specific game, the fact of the matter is that it is not always going to be your day. If you are running poorly and are seeing your money leave your hands, never to return, it might be a good time to call it quits for the day. That’s the thing about gambling though, because as soon as you think you are in control, you realize that the opposite is true.
It is very difficult to put into practice, but players have to know when they should walk away. Though you may only be down a few hundred dollars now, 15 minutes could see you lose triple that amount. It may have never happened to you, but there is story after story of players losing everything they own due to an elongated poor run at a casino. At the end of the day, playing casino games is not worth your whole livelihood. Managing yourbankroll really all comes down to self-control. If you are able to keep a rational view of your bankroll, and not one that assumes you are destined to become a casino millionaire, you will have a much easier time having fun and not going broke. If, on the other hand, your only goal is to strike it big, you may end up seeing your money evaporate right in front of your eyes. Gambling is not worth your life, so it would be wise of you to fully understand what you are getting to before you ever begin playing. Self-control is easy to say, but is not so easy to put into practice.
Casino Bankroll Management FAQs
Should I hide my debit card to avoid taking more money out?
I suppose you can, but it is important that you master the art of self-control. It is up to you to preserve your bankroll, and only you can do that.
Am I a problem gambler if I run through my bankroll?
Not necessarily, but if you are constantly reloading time and time again, you may want to take a step back and evaluate your situation.