Gambling: Bankroll and Losing Limits

Online gaming is usually a losing endeavour. The house carries an edge on every game in an online casino, so over time you’re guaranteed to lose money. There are some strategies that one can learn to lower the house edge over them, and slow down this rate, but even when playing to optimum strategy a player can expect to lose in an online casino. But that is an average of all the players, and isn’t true for a percentage of players who end up winning big at some time or other in their play. Some players hit big jackpots or go on winning streaks that make them a lot of money.

The object of online gaming is to enjoy the games while you have a chance to make a profit. If one plays enough, they will eventually have a big payday. Staying in the game long enough to have that payday is what responsible gaming is all about. If you don’t manage money properly you’ll be broke too often, and you’ll miss sessions that could have been the big one. Being in the game is what matters the most in a game of chance; you can’t win if you’re not playing.

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Figuring out what you have to do to ensure that you’re always in the game when you can play is simple to do. The first thing to do is make sure of the amount of money that you can afford to lose over the run of a week. Once you know what you can afford to lose you need to figure out how many playing sessions you’ll be able to play and how long they will be. Add the total number of playing hours together and divide the amount of playing money you can afford to lose by the number of hours you intend to play that week.

Then you’ll know how much you can afford to lose every hour that you play, and you can set that as a limit in your play. If you’re playing a three-hour session, only take three times the hourly rate with you to the tables. If you lose it before the three hours are up, you have to leave the game - and don’t cut into the rest of your bankroll until next session.

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