How to build a bankroll for online gambling
One of the most important factors that come into play when it comes to online gambling is your bankroll. Knowing how to manage your bankroll is of vital importance even more so, than making regular deposits.
Building your bankroll from scratch will allow you to have a better overview and management of your finances. It will also help you set loss limits and thus reducing the chances of getting carried away with over-gambling.
It is not as easy as one might think managing a bankroll is, but with some hard work, research, and a healthy dose of good luck, you should be able to both manage and grow your bankroll.
Beating the house edge with casino bonuses
One of the greatest obstacles for gamblers is the house edge. It is the one definitive obstacle to building a bigger bankroll.
As we have mentioned many times before, all online casino games come with a house advantage attached to them that no matter how much you try, you cannot beat. If you play these casino games, regardless of strategy, you are highly likely to lose money over a long span of time.
The one key factor to help you overcome the house edge is to find deposit bonuses that give you a little push when it comes to having a heads up. That being said, you still won’t be able to beat the house edge but taking advantage of casino bonuses can lower it. Even if you take advantage of deposit bonuses, remember they come with wagering requirements which could, in turn, make it incredibly difficult to make a profit.
An online casino bonus must have three key features for it to be profitable and to help you build a bankroll:
BONUSES MUST BE CLEARABLE WITH TABLE GAMES
If you just go ahead and sign up for any random online casino with a massive deposit bonus, you’re setting yourself up for disappointment. Be aware that if a casino is offering a big bonus, it usually comes with a higher wagering requirement. This is why we always stress to read the terms and conditions before signing up.
In some cases, the casino bonus comes with the condition that wagering requirements don’t count towards specific games such as blackjack.
This was due to the fact that many years ago, gamblers used to build bankrolls by clearing their bonuses by playing blackjack. They aimed to perfect their strategy to the point that they would release their casino bonus with as little risk as possible. Online casinos caught up with this and have thus, restricted online blackjack from being used to clear bonuses.
The great news, on the other hand, is that some online casino bonuses do allow you to play online blackjack and other table games with a lower house advantage to help you meet the wagering requirements. Read the terms and conditions beforehand so that you can be on the watch out for any potential terms attached to your bonus and table games.
BONUSES MUST BE CASHABLE
Right, this is where it starts to get a tad more complicated. There are two types of online casino bonuses that, namely, fall into two categories: Cashable bonuses and sticky bonuses. Most online deposit bonuses are sticky bonuses which means, that you cannot withdraw them.
They can only be utilized with the aim of placing bets at the casinos, but if you had to request a withdrawal, the bonus money would be immediately removed from your casino account. It does not mean that they are a bad deal, but they don’t really help in building up a bankroll, which is why you should be looking for cashable casino bonuses.
Cashable deposit bonuses are bonuses that can be cashed out once you have met the wagering requirements attached to the bonus. They are by far the best type of casino bonus, since if you meet the wagering requirements; you would be able to withdraw your bonus money.
WORK OUT THE POSITIVE EXPECTED VALUE
Another factor you should be watching out for, when it comes to building a bankroll, is to watch out for casino bonuses that show a positive expected value. The expected value of a casino bonus is the equivalent of how much you are supposed to earn after clearing the bonus.
It is a simple mathematical sum to work out. You must multiply the house edge by the total amount of wagering requirements and subtract that value from the bonus.
By working out this sum before taking advantage of a casino bonus, you can figure out whether a casino bonus is worth your time or not.