We’d all like to win big, of course. Most of the time, though, gamblers are simply having a good time playing the games they like. The big win would be great if it comes, but the main idea is usually just to get as much play time as possible out of the bankroll you have available. For a player with a small bankroll, managing it correctly can have a significant effect on the amount of time you get to play — assuming you don’t hit a multi-thousand jackpot somewhere in the middle.
Many gamblers look at the value they get from their bankroll as simple math. I have X amount of dollars, or euros, or pounds, and that will allow me to play Y amount of time. It doesn’t have to be like that though. Gambling is just like anything else. If you look over your options carefully and make the right choices, you’ll be able to maximise the value you get for your money. Following are just a few suggestions to help you get the most from a modest bankroll.
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Look For Low Minimum Bets
This might seem obvious to most, but it’s worth mentioning. When you’ve got a limited bankroll available to play with, you shouldn’t be placing big bets hoping to double up. Chances are that you’re going to lose quickly and get the exact opposite of the results you were hoping for.
Whatever your game is, when you want to get the most out of a small bankroll, look for the options with the lowest minimum bets. You’ll be able to get more entertainment for your money. You actually increase your chance of scoring a good win as you play more, too. You’ve generally got the same odds of hitting a big win on each individual play, but playing a game 100 times gives you many more chances to win than playing just five times.
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Look For High RTP Slots
Slot machines are always a big favourite. Not all slots are made equally, though. Each slot has a specific return to player (RTP) rate. The RTP is the theoretical amount of money taken in that the slot will return to players over its lifetime. The higher the RTP, the more money that will be returned to players.
It’s important to remember that the RTP rate is referring to money paid out over the long term. So if a slot has a 96% RTP, this doesn’t mean that if you play 100 spins for £/$/€ 1.00 each, you’ll end up with £/$/€ 96.00 in your pocket at the end. It means that if you play the game for a long period of time, you should, more or less, end up with about 96% of the wagers you made returned to you as winnings, but there will be plenty of ups and downs in the middle.
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Take Full Advantage Of Bonus Offers
Bonus offers, of course, are a great way to add some extra padding to your bankroll. It’s important to make sure you’re getting the most out of any bonus offer you claim, though. This means that even if your starting bankroll is going to be small, you should deposit as much as you can when you claim the bonus since it will be based on that deposit.
If you deposit £/$/€ 30 now, and you’re planning to be able to deposit £/$/€ 30 more in a few days, you’ll do much better to wait a few days and deposit £/$/€ 60 all at once. This way you’ll get the bonus based on £/$/€ 60 instead of just £/$/€30.
Not all bonuses are beneficial to players and because of that, we created an article about cashable casino bonuses I recommend you check too.
Know The Odds And Seek The Best
Especially if you like playing table games, if you want to get the most out of your bankroll it’s essential to know the odds of winning the games you’re playing. Small variations on a game like Blackjack, for example, can have a significant effect on your expected win rate. If your casino offers several variants of the same game, it’s worth spending a little bit of time to do your research and figure out which game is going to give you the best odds.
Fancy table games? Then you will probably enjoy our article rating the best live dealer casinos.
Take Advantage Of VIP Programs
VIP and loyalty programs basically add up to extra bonuses. In most online casinos you probably won’t have to do anything extra to enrol in any offered VIP program, but it’s important to check, just in case.
In land-based casinos, you often have to register with the casino and get some type of card that can be inserted into slot machines while you play, or given to the dealer at table games. Many people don’t take the time to register for these programs, and they’re throwing away free money.
VIP programs will give you things like cash bonuses, tournament entries, free spins on slots, and more. If you play enough, you may even find yourself in a free hotel room or taking in a free show. The few minutes it might take to register for a loyalty program is well worth it, even if you don’t gamble a lot.
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Use Loss Limits
Setting a loss limit before you start playing can do a lot to protect your bankroll. Many players lose more than they should out of sheer frustration. They play more than they should and suddenly notice that they’ve lost more than they wanted to. The next step is often to gamble even more trying to make up some of those losses, which inevitably leads to a horrible ending.
If you set a loss limit before you start playing, you’ve got a mental block set up that’s going to stop that feeling of frustration. You’ll be paying attention to what’s going on and making sure that you don’t lose any more than you’re comfortable with during that session.
Another good advice is to withdraw big casino earnings as soon as you can, that we also cover in one of our first articles at Instant Withdrawals. If you didn’t check it yet, I would suggest to do so.
Avoid Max Bet Restrictions
There are several electronic games in every casino that have a low minimum bet but seem to offer big possible payouts. Usually, if you read the small print, these games require that you play at the maximum bet to win the payout that’s being advertised.
If you’re trying to get the most out of a smaller bankroll, these kinds of games should generally be avoided. There will be plenty of other games that will give you more value for your money without requiring you to make bets that are really too big for your bankroll.
The most important part of managing any casino bankroll is to be sure you’re playing with money that you can afford to lose. If that means your bankroll has to be small, so be it. These tips should help you to get the most out of modest money whether you play online or at land-based casinos. Hopefully, the extended play time will lead to a bit of extra luck and a big prize along the way!
Cheers and good luck!