This responsible gambling tips guide has been designed to help you find information on how you can gamble responsibly. Each section below will lead you to a guide that helps you understand how to manage your casino bankroll, avoid over-gambling, and, most importantly, make sure you have fun.

Bankroll Management Tips

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Table of Contents

The Three Most Important Responsible Gambling and Bankroll Management Guides

We are going to jump straight into the three most important guides here on Casinoplusbonus, covering responsible gambling and bankroll management. These guides will help you understand how you should divide your casino bankroll to play for longer.

You will also discover how to find online casinos with responsible gambling tools and how to use those tools to your advantage.

Plus, we have included a guide that will lead you to some of the most intricate details of managing your online gambling finances, which you will also find available in on the Casinoplusbonus/en homepage.

You will find all three guides in the accompanying table, and below this table, we give you an explanation of what you will find in each of these guides. We recommend reading the short explanations first, then head directly to each guide for more in-depth information.

1. Online Gambling Bankroll Management Strategy

Bankroll management is the pillar of all gambling activity. You will see pro poker players regularly stress the importance of managing your bankroll. Not only will your money last longer, which means more fun, but you will also choose the correct bet sizing strategy.

Have Fun While Gambling

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Now, we’ll be honest here. Reading our guide to bankroll management will not mean you will become an overnight master of gambling. The idea is to make you aware of various strategies you can use to make your money last longer and to avoid over-gambling. As for becoming a master of bankroll management and bet sizing strategies it takes time and experience.

The best way to describe it is to use these two key phrases:

  • Trial and Error: If you are new to gambling or you are only just thinking about using a bankroll and bet sizing management strategy, then you learn from your mistakes. In other words, experience is the key to success. The more you play, the more you’ll understand the best bet sizing strategy for you.
  • Never Go In Blind: If you start gambling online without a bankroll management strategy, you are effectively betting with no clue as to how long your money will last. The danger is you lose your money, which can lead to betting more than you can afford. Instead, if you, at the very least, understand the concept of bankroll management and bet sizing, you can use trial and error to find that perfect middle ground.

2. Responsible Gambling Tools

One way to help you maintain your bankroll management strategy is to sign up for online casinos that provide responsible gambling tools. These tools allow you to set limits that prevent you from depositing more than you planned to spend on your gambling entertainment hobby.

You will discover that our ‘How to use responsible gambling tools guide’ gives you a step-by-step overview of each responsible gambling setting you will find at online casinos offering this software, which is built into the casino under your player profile.

Here are some tips for deciding whether you need a casino with responsible gambling tools:

  • Disciplined Player: Not all players need to use responsible gambling tools because they are able to stick to their bankroll management strategy. If this is you, then you don’t need to make finding online casinos with responsible gambling tools a priority.
  • Chasing Your Losses: Some players may abandon their bankroll management and/or bet sizing strategy when they lose. Usually, this is an emotional decision rather than a strategic one. We call it tilting or chasing your losses. If you feel you are prone to making emotional decisions, then finding an online casino with responsible gambling tools may be the best solution for you.

The key to successful bankroll management and bet sizing is being diligent in learning and developing a strategy. The second key decision you need to make is to decide whether you are a disciplined player or you are prone to chasing your losses by being honest with yourself.

Responsible Gambling Software Options
Set Deposit Limits
Set Loss Limits
Set Wagering Limits
Set Session Limits
Reality Check Pop-Ups
Self-Exclusion & Cooling Off Tools

3. How to Manage Your Casino Finances

The third guide in the table at the beginning of this guide can be overwhelming if you are new to online gambling. It takes a deep look into all the pitfalls and traps you can fall into when deciding on which online casino you want to play at and how your want to deposit.

Manage Your Casino Finances

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Here are the key topics you will find covered in our ‘How To Manage Your Online Casino Finances’ guide:

  • Deposit Turnover
  • Avoiding Credit Card Deposits
  • What are Online Casino KYC Checks?
  • Can I Play at Online Casinos with a Different Currency?
  • How Can You Withdraw From A Closed Online Casino
  • Avoiding the Default Spin Bet Trap
  • Understanding Online Casino Bonus Rules
  • Always Check Online Casino Licensing Certificates

Important Considerations When You Gamble Online

One of our mottos here at Casinoplusbonus is ‘gambling entertainment’. We use this term because, as experienced gamblers, we feel it is important to raise awareness about the reason people gamble. The key reason we want to highlight is to ‘have fun’!

Consideration to Take Into Account
Explanation
Gambling is a Hobby
Like any hobby, it will usually cost you money. And like any hobby, we participate because we want to have fun. As such, gambling should be seen as a fun activity, which leads us to our next point.
Gambling is Not a Guaranteed Way to Make Money
Yes, some players do make money gambling, especially pro poker players. However, if you play at an online casino, the games are always weighted, so the house has the advantage. In the long run, the stats show that the house makes a profit and not players.
Jackpot Winners Are Like Lottery Winners
Just like we see millionaire lottery winners in the news, in iGaming news, we often see millionaire casino jackpot winners. The truth is that hitting the jackpot or big win multiplier only happens to the few and not the many.
Bankroll Management is The Key to Having Fun
To make sure you ‘have fun’ and ‘gamble responsibly’, bankroll management is the most important strategy to learn. You can reduce your losses and ensure you take full advantage of your winnings.
A Key Note About Bankroll Management
If you manage your bankroll correctly and gamble responsibly, you can play for longer. That means the more you spin, the higher the chances are that maybe, just maybe, one day, you could hit that big win!

Are You Ready to Become a Sensible Gambling Pro?

We often hear stories of blackjack players who are pros who make a living from playing online slots or table games like blackjack. However, most of these stories are myths. In fact, there is usually a catch. Maybe there is a link to buy a course or trick to make you believe their story and sign up to a site for free where the free version upsells you with courses or fake tricks that you need to pay for.

The truth is that there are very few people who make money from gambling when playing versus the house (casino). Yes, some professional sports bettors have systems that work, but most will not reveal these systems to you because, well, why would they? They don’t want sports books growing wise to the way they make a living betting on sports. As for poker players who make a very good living, they are playing against other people and not the house. As such, there is no house edge, and only clever plays like bluffs and tells that make these players’ poker profitable.

For online casino gambling, i.e., online slots, game shows, and table games, the house has the edge. Even a game with a 99% RTP will ebb and flow. Hence, if you are ready to become a sensible gambling pro, bankroll management with bet sizing, using responsible gambling tools, and understanding how to manage your casino finances are the keys to success.

FAQ

What is bankroll management?

It is a strategy that helps you plan how long you will gamble for and how much money you can afford to gamble with. A good bankroll strategy will help you avoid over-gambling or developing a problem gambling issue. In other words, your strategy should help you avoid spending more than you can afford.

What is a bet sizing strategy?

A bet sizing strategy is an integral part of your bankroll management strategy. When you decide on the amount you can afford to gamble per day, per week, or month, the next step is to decide the amount of time you want to gamble. The more time you won’t spend playing slots or at the table, the lower your bet size should be.

What does managing my casino finances mean?

Although having a sensible bankroll management and bet sizing strategy is one of the most important aspects of gambling, you also need to be aware of other financial pitfalls of gambling. When choosing an online casino to play at, there are several financial terms and conditions you need to be aware of. All these points we provide via our ‘How to Manage Your Casino Finances’ guide on this page.

Can I make money gambling?

Yes, but it depends on the gambling vertical you play in. Poker players make money gambling and are a rare breed of blackjack players. You can also make money if you are lucky enough to land a huge multiplier win or progressive jackpot. However, when it comes to casino games, it would be foolish to start gambling on these games with the intention of making money for living instead of working a full-time job.

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