Managing your casino account
Here are a few tips that every gambler should know about budgeting and organising their entertainment.
When gambling online, it really pays to structure your play (particularly if you hold multiple accounts). Unlike in a land-based casino, where rigid structures are enforced by casino staff, online gamblers have to set their own limits and control their own behaviour.
This can be tricky, but there are a few things you can do to ensure you play sensibly and within your means …
Establish up a ‘play’ account
It’s always a good idea to keep your everyday life and gambling activities separate. Rather than playing out of your bank account with debit or credit cards, we recommend setting up a free eWallet using a payment service like Neteller or Skrill, and topping it up every month. Set aside enough cash enough for you to enjoy yourself, but keep well within your means.
This will set discrete limits for your monthly gambling spend and help you resist the temptation of dipping into your savings.
Set your own limits
When gambling minute-to-minute at an online casino, you should set two psychological limits: a betting limit and a session limit.
Your betting limit is the maximum amount you are willing to wager in one go (e.g. a poker stake or a blackjack bet), while your session limit is the amount of money you can afford to lose in a single sitting. By adhering to both these limits, you will not be gambling more than you can afford to lose.
Make use of the casino’s resources
Some casinos allow you to toggle the amount you are able to spend per day/week/month. If you find it difficult to stick to your own limits, you should definitely make use of this function.
Steer clear of reverse withdrawal
Many casinos offer a ‘reverse withdrawal’ period, during which you can access cash for a certain amount of time even after you have started the cashing out process. In effect, this is the casino’s last attempt to recover some of your winnings, so beware.
Watch out for certain games
Also, you should be aware that certain gambling activities are more clearly linked to compulsive/addictive play than others.
For instance, some slot games are described as ‘high variance’, meaning that you are more likely to win small prizes more frequently. This can be very compulsive, deceptively eating away at your bankroll. If you want to play these games, be careful not to get hooked!