Let’s face it: gambling has a negative stigma. And that’s because there are players who have lost fortunes playing casino games. Gambling can be dangerous for your hard-earned money, and that fact cannot be denied. Many people try to stay away from gambling houses for fear of losing their savings. There is a myth that visiting a gambling hall automatically leads to losing your money.
But by choosing the online Canadian casino kingbilly.com/en-CA, you get the chance to protect yourself from excessive spending on gambling activities. A reputable online casino offers tools that allow you to limit your playing time right up to and including self-exclusion if you feel that you have a gambling problem. Add to that some smart bankroll management tips below and you may feel much safer playing at an online casino in Canada.
What is Sensible Bankroll Management
When you play without thinking about anything, you get real pleasure out of gambling. But this is something that only a few people with an unlimited bankroll can afford. Managing your gambling budget might be a bit of a challenge that will make you put in some effort, but it is well worth it. So, you will be able to play real online casino games longer and win more: win-win. There is nothing worse than losing all your money in a few rounds. You need to stick to a few simple rules outlined below:
- Allocate a specific amount per game session and stick to it. Let’s say you’re playing slots from the King Billy collection, arguably the best online casino for Canadian players, and you’ve allocated CAD 200 to the entertainment. As it sometimes happens, you hit a losing streak and your bankroll is melting right before your eyes. With only a couple of bucks left in your account, you might be tempted to make another deposit to win back. And that’s when you should be able to tell yourself a clear no. Set limits regarding the length of your gambling sessions, for example, no more than an hour a day of gambling. Be a disciplined gambler and always strictly adhere to these limits to avoid extra costs.
- Take breaks from the game. Emotions are one of the reasons we all love gambling so much. And if you feel you can’t control your emotional state, it’s time to take a coffee or cigarette break (although we’re against that unhealthy habit). Even if you only spend an hour or so a day at a casino online to play real money games, taking small breaks from the game is good for your bankroll.
- Don’t gamble with borrowed money and remember that you are playing for real money. Since you can’t invest paper money in an online casino, not having it in your hand can make you forget its real value. Whether you transfer funds from a bank card or a crypto wallet, it’s still your hard-earned money that can be put to better use. Also, we don’t recommend making deposits from your card’s credit limit.
The desire to win back is another mistake that beginners and seasoned pros alike make. The desire to make up for losses may seem natural, but it can also lead to even bigger expenses. Your limits are a guideline as to when you should quit an online casino whether luck is on your side or you are on a losing streak. When playing at online Canadian casino according to most players, you can view your spending history and set limits on the maximum amount you can bet with tools offered by the online casino operator.
3 Extra Tips for Bankroll Management
Knowing how to not only set spending limits but stick to them is already a great achievement. But there are a few simple tricks that help professionals achieve more meaningful results when playing online casino games in Canada. Check them out below.
Avoid High Stakes
A simple rule of thumb applies to games of chance: the more tries you have, the better your chances of winning something substantial. By betting high, you’ll use up your bankroll much faster than if you bet a little bit at a time. For example, if you allocate CAD 300 to online slots, you can play 3 rounds if you put in CAD 100 on each spin. The King Billy collection has plenty of titles with a wide betting range starting at CAD 1 or even less. There are also penny slots, which can be played with as low as CAD 0.01. But, the higher the bet, the bigger the payout. Try to find a sensible balance here, so you don’t take big risks and get frustrated with low payouts.
Avoid Risky Betting Systems
If you enjoy roulette, you probably know about Paroli, Martingale, James Bond, and some other betting strategies that can both result in big winnings and drain your bankroll. For example, consider Martingale. Designed for roulette enthusiasts, this strategy instructs the player to double a bet in case of a loss. By starting with even a small bet and losing a few rounds in a row, you run the risk of exceeding your bankroll. As for Paroli, it works as an anti-Martingale, since with this strategy, you will raise your wager every time you win. Any strategies based on numerical progressions can be devastating to your bankroll, so avoid them especially if you are a beginner.
Use Casino Bonuses Wisely
Check out the Canadian casino reviews, and you’ll find tables with bonuses competing in generosity. Getting a raise of 2-4 times your deposit amount can be tempting. But the trap here lies in the extremely high wagering requirements for such bonuses. Give preference to generous bonuses offered by online casino. Although the operator only offers to double your deposit, your bonus is subject to low wagering requirements that most gamblers will be able to meet.
Gambling is not just based on luck, but also on the skill of controlling your spending. So, with sensible bankroll management, you’ll minimize your spending and even increase your winning chances by betting smaller amounts. And just as importantly, choose a reliable online casino.