How to Manage you Bankroll Effectively at Online Casinos

Set a Budget

The first step that you have to consider before playing any casino games is how much you are willing to gamble with. The best way of managing your balance is by determining how much you are willing to lose. If you can set a budget that you can afford to spend on gambling – and are content with the knowledge that you may lose the entire budget – you are on the right track. Once you have set your budget for gambling, it is fundamental that you stick to it.

Divide your Bankroll

After setting your budget, you will know how much you are willing to spend for a gaming session. The next step to managing your bankroll effectively is by dividing your budget into smaller amounts. That way, you can also determine the length of time that you are aiming to play for. By dividing your budget, you can limit your losses and have more opportunities to win.

For instance, if you have set a bankroll of $120 and want to play for an hour, you should determine how much you can spend per round. If a round takes about 30 seconds, you should play with only $1 per round. That way, you are spending $2 a minute and the full $120 by the end of the session. Obviously, if you win big and want to cash out beforehand, you can choose to do so.

The example above refers to players that want to play for an extended period of time. If you want to play with higher stakes and for a quick in-and-out session, you can divide your budget accordingly.

Play Games with a Lower House Advantage

Once you have a set budget and have divided your bankroll into how much you are willing to spend per round, the next step is to look for casino games that have a good Return to Player (RTP) value.

The RTP is a percentage value that refers to the house edge of a specific game. When playing slots at Galera, the average RTP is 96%. That means the house advantage is 4%. Thus, if you spin $1 one hundred times, the theoretical return that you will win is $96. However, you could end up winning every spin or losing every spin.

To effectively manage your bankroll, playing games that have a lower house advantage would help increase your chances of winning. Table game players will find that some games have an incredibly small house edge, even less than 1%.

Avoid Chasing Losses

One of the most important aspects in bankroll management is to avoid chasing losses. Unfortunately, the thrill of gambling can sometimes lead to rash or impulsive decisions. That is why it is critical for players to keep a level-head.

If you have set a budget at the start of your session, you must stick to it. Avoid depositing more funds into your Galera account to try and reclaim back your losses. Additionally, if you have divided your budget, you must also stick to that, rather than increasing your bet after a few rounds and abandoning the bankroll strategy that you set out to use. In the majority of cases, chasing losses leads to losing even more significantly.

Take Frequent Breaks

Not enough has been said about taking frequent breaks when gambling online. This becomes evident when setting out a budget, managing it effectively and aiming to leave the casino with a profit.

It is easy to get caught up in any online casino game and potentially spend more than you have intended to. That is why experienced players that stick to a budget are not shy to set a cooling off time when gambling. In doing so, you can regain your focus and come back to the game with a clearer mindset, to help you make better decisions.

Use Bonuses and Promotions

Here at Galera, all new players and existing members can enjoy our welcome bonus and frequent promotions. By claiming these offers, you could potentially increase your bankroll. Many offers from our casino may come in the form of welcome bonuses for new players, free spins, cashbacks and loyalty rewards.

The bonuses and promotions that we offer will certainly benefit your bankroll. However, it is essential that you look at the terms and conditions of the offer before you claim it. That way, you will know exactly what you are getting into when claiming the bonus. Many offers may have wagering requirements attached, meaning you will have to play with the bonus money a certain number of times before you can withdraw any potential winnings.

Withdraw your Winnings

The final bit of advice that we can provide you with for effective bankroll management is withdrawing as soon as you have won. If you have set yourself a budget and timeframe and won a substantial amount, it is essential to withdraw your winnings before logging off. That way, you can keep track of your profits and avoid any potential loss by reinvesting them immediately.

Once you can effectively manage your bankroll correctly, you will know how much you have won from each gaming session. Then, next time you want to log-into Galera, you follow the same protocol and deposit into your account. The good thing about our online casino is that deposit time from your bank into your casino account is instant. Thus, you do not need to wait at all before you want to start playing casino games right here at Galera.

The Secret to Stress Free Gambling

Proper bankroll management will ensure that gambling remains fun at all times. You know that you will not be gambling with money that you need for other things and you can be sure that you will have enough money to complete your gaming session.