Live Casino Money Management

Money management is a topic that pops up from time to time. Everyone has their own rules on how to keep your money while winning the casino’s own. And while we’d like nothing more than to claim we have the sure-fire solution, we don’t. We can guide you in the right direction, but what path you choose depends on you.

Of course, before you start spending money, make sure you go through all the necessary steps first. Learn the live casino essentials. Find your favourite game while playing in demo mode. Make sure you have a good mastery of the basics before you start playing for real. And once you’re all set up, it’s time to implement step one of the master plan.

Figure Out Your Budget

This one might seem obvious, but you want to put some serious thinking into this. Look at how much you earn monthly, and how much you can truly afford to spend. Gaming is fun, too much fun, in fact. Hitting a lucky streak will make you feel invincible like you can’t possibly lose! We’ve seen it happen thousands of times in poker and roulette. Players get carried away and lose all the wins they’ve spent hours accumulating.

It’s even worse if you’re on a losing streak. When the win just won’t come, and you keep getting one bad hand after another. You wipe out your active balance, and the desire for just one win have you reaching into your wallet. That’s something you should never do!

Set aside money you wouldn’t mind losing. Never bet with funds you need for something else, like food and bills. Nowadays, online casinos come in-built with deposit limits to prevent this kind of problem. So figure out your monthly allowance, and use the tools the operators give you to stick to them. You will be tempted at times, but the limit will keep you from making that mistake.

How Much is Enough?

Finding your limits is one aspect of money management. Finding the happy middle between fun wagers and bets we can afford is the real trick. Anyone can set aside a small stash of cash and only play minimum stakes. It’s a possibility, though not a very exciting one. It’s also why blackjack side bets are so popular. People like to play non-optimally if it means a solid win.

Ultimately, this is a step you have to figure out for yourself. Only you know how much money you can afford to spend every month. As a general rule of thumb, always have enough money in your bankroll to last you a month of regular play. You can afford to raise your limits a little bit after a successful night out, but never let yourself run dry.

Bonus Rounds

We write a lot about online casinos, online gambling & variations. And one thing universally accepted as an online casino advantage is the various promotions these operators offer. With so many different websites competing for player attention and money, there’s really no excuse to choose a bad one.

Of course, finding the right promotion can be quite difficult. In the bonus sections of our online casino reviews, we do our best to provide this information. It even comes with a handy filter for operators who have live dealer games, so you can skip past websites which don’t interest you.

Good Strategies Trump All

Finally, we recommend checking out the best strategy for whichever game you plan to play. Blackjack is well known to be the gambler’s choice when it comes to RTP. But the only way to achieve that RTP is by achieving perfect play. Is it always possible? Of course not. The luck of the draw very much controls what cards punters have access to. Even with the best strategy, sometimes you just get a bad draw of cards.

That doesn’t mean strategies are useless. Far from it! Mastering when you call, split and fold is essential to maximize your wins. Even a bad hand can sometimes be salvaged. And your odds of doing that are much better if you know the best way to respond to each card you draw. We used blackjack for this specific example, but this applies to all live casino games. You can’t always win, but you can always improve your chances.