One of the fastest ways to get rich is to win big at a land-based casino or an online casino. Thanks to the increase in the number of online casino offerings, there are more players from around the world winning big jackpots as well as medium to small size winnings on a consistent basis.
Play it safe
This is one of the main reasons why players keep returning to online casinos as they believe they can get lady luck to shine on them. However, there are some players who end up crossing the line and spending a lot more than they intended to in the pursuit of overnight riches.
We take a look at some of the most popular methods players can use to decrease their gambling spending and not succumb to gambling addiction.
Manage Your Bankroll Well
The most important tip that we can give you is to learn as much as you can about bankroll management. If you are looking to play online casino games on a regular basis, then this is the number one skill that you must learn.
The first thing you need to do is realize how much money you have to fund your bankroll. This money should be extra or excess money that you have as you should not be using your rent money or car payment money to fund your bankroll. You certainly should not be getting into debt to fund your gambling habit. If you are resorting to this, then you need to get help immediately!
Once you determine how much money you have to fund your bankroll, you then need to decide how much money you can spend per week on online casino games. If you intend to play on a daily basis, then you need to further break this down into how much money you can spend on a daily basis.
Always have this number in front of you when you login to your favourite online casino. Whenever you finish using up this stipulated amount of funds, you need to end your session and not be lured of spending tomorrow’s money just because you think your luck might change!
If you can do this, you have mastered a huge key in decreasing your spending at online casinos!
Use Casino Bonuses Wisely
The second way you can decrease your spending is to make the most of casino bonuses. The best way to do this is to take advantage of no deposit bonus offers that usually come in the form of free spins, free chips or free cash. Players do not need to make any real money deposits of their own. They can claim these no deposit bonuses which are given out as welcome bonuses to encourage new players to sign-up.
Using bonuses intelligently is the only way to squeeze out the full value of the various bonuses offered by online casinos.
Online casinos also give you match deposit bonus offers. This is the third way you can decrease your spending. A match deposit bonus offer will often give you 100 percent of your deposit bonus.
So if you deposit $20 at an online casino which has a 100 percent match deposit bonus, then you will receive a total of $40 in your account ($20 + $20). You can take advantage of this free money to play more casino games without having to pay from your own pocket!
There are some casinos that offer multiple match deposit bonuses. Some of these casinos offer a 100 percent match deposit bonus across your first three deposits while others will vary the percentage of the match deposit bonus but might extend it across your first 5 or first 10 deposits.
Tip: We advise you to always take the time to read the terms and conditions of these no deposit and match deposit bonus offers to get the most out of your bonus. Pay special attention to the wagering requirements, duration of the bonus and the max cashout limit imposed by the casino. Failure to do so can cause you to lose any money you might end up winning and could even get your account suspended.
Manage Your Time Efficiently
Another way in which you can decrease your spending is to decrease the amount of time you spend gambling online. The more time you spend, the more money you end up spending. We encourage you to make use of responsible gambling tools and software that will allow you to set time-limits on your daily, weekly and monthly play.
When you end up spending your set amount of time at the online casino, the software will automatically log you out and only allow you to login the next day.
Reduce the Size of Your Bet
If you do not want to reduce the amount of time you spend gambling online, then we suggest you reduce the size of your bet. This will allow you to get more out of your bankroll and still spend a lot more time playing online casino games.
For example: if you are used to spending $1 on each spin playing online slot games, you can reduce your spins to $0.50 per spin. This will automatically reduce the size of the prize you can win but it will give you twice the bankroll to spend and more time to play.
Set Self-Exclusion Limits
The most drastic step you can take to reduce your gambling spending is to put yourself on a self-exclusion list that is available at most reputed online casinos. This step is usually suggested for those players who have a serious problem with their gambling habits. You can set a self-exclusion time for a specified number of days, weeks, months or even years. This will automatically reduce your spending limits in the overall scheme of things.
So go ahead and try out the different methods we have listed above and see what works for you best in decreasing your gambling spending.