Tips For Gambling
Online
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Learning the correct playing
strategies is only half the battle. You are
doomed to lose if you are not prepared with
a sound money management plan. The following
guidelines will maximize your profits and minimize
your chances of going broke.
1. Tip #1
for money management online is don't start
online betting with scared money. Set a maximum
amount that you can afford to lose and if you
lose that amount, quit playing.
2. Tip #2
for money management online is never increase
the bet size on consecutive losses when online
betting. On consecutive wins, increase your
bets in a manner that suits your style of play.
We would recommend a simple 50% progression
or a 1, 2, 3, 5 progression. For a 50% progression,
after you win a bet, make your next bet the
same plus 50% more. The progression would look
like this for a $5 bet: $5, $8, $12, $18, $27,
$40, $60, etc. You keep increasing your bet
until you lose, then you start again at $5.
For the 1,2, 3, 5 win progression, you increase
your bet from 1 unit to 3 then to a maximum
of 5 units following consecutive wins. For
example, the progression for a $5 basic bet
is $5, $10, $15, $25 then back to $5. After
you make the maximum 5-unit bet, win or lose,
make your next bet 1 unit. This progression
therefore, is more conservative than the 50%
progression.
3. Tip #3
for money management online is your playing
bankroll for the above win progressions should
be 100 units. If your minimum bet is $5, you
need a $500 playing bankroll for betting online.
4. Tip #4
for money management online don't ever quit
a session in the middle of a winning streak.
If you managed to win 10 units, keep playing
with the goal of winning another 10 units.
As long as you keep winning, keep setting 10
unit winning goals. However, when the tide
turns and you begin to lose, quit the session
with your profit. Remember, a small profit
is better than no profit!
5. Tip #5
for money management online is do
not bring your entire bankroll with you; bring
enough for 2 or 3 playing sessions 40 or 60
units). Use 20 units per playing session and
quit the session if you lose the 20 units or
win 10 units. Hence, a $5 player with a $500
dollar playing bankroll would use $100 per
playing session and quit if the $100 was lost
or $50 won.
6. Tip #6
for money management online is as your playing
bankroll increases and your winning, increase
your bet size. Also, decrease the bet size
if your playing bankroll decreases. Always
make your minimum wager equal to 1/100th of
your playing bankroll using the win progression.
The
biggest mistake you can make when online casino
betting is to chase your
losses, which means increasing your bets when
you are losing hoping your next bet will win
it all back. Everyone who is online betting
in a casino sooner or later will experience
losses and how you handle yourself in this
situation will determine in the long run whether
or not you will be a winner. If you've lost
one or two of your playing session bankrolls,
the best you can do is limit your losses in
online betting. The casino will always be there
for your next visit and if you follow the proper
playing strategies you will soon be back on
the road to winning. These are the best tips
for money management. |
