The Internet offers a huge range of gambling options – often delivered at high speed and accessible 24/7. Although the web is a serious gambling paradise, it needs treating with care and respect – whatever you gambling level and aspirations. Check out a selection of top tips to help you gamble sensibly – and maximise your fund and reward potential…..
Budget your gambling
‘Budgeting can be boring’ – but it’s a critical element of online gambling. Not only does it protect you from losing money you can’t afford to lose, it also makes sure you gambling remains fun – win or lose! There’s an old saying that if you can get regular gambling success – then you can turn a penny in to a pound. In other words – start out with a sensible bank roll (such as £10 per week), use low wager levels and gauge your success before thinking about bigger risk levels.
You should use a gambling bank that can sustain a typical losing run. Most pro gamblers recommend gambling with 1 to 2% of your bank roll per wager. So, if your gambling bank is £100, you play roulette with £1 or £2 per spin. Gambling with random bet values is a sure-fire way to long term failure, because you’ll eventually get lucky with your low wager levels and then get unlucky when you gamble big! This is why chasing losses will doom a gambler to failure. The route to sustained gambling success is ‘slow and steady’ (unless you happen to strike a big jackpot win!).
Compound your stakes
While randomly increasing the stakes you gamble with is ill advised, increasing them systematically is not. Countless gamblers know the secret of compounding stakes – simply put, the concept of doubling your stakes when your bank doubles. This strategy is the fastest way to increase your profits, without silly risks. If you strike a big jackpot win – it’s advisable to withdraw most of your winnings rather than compound your stakes!
Bank £100 = wager with 1.00
Bank £200 = wager with 2,00
Bank £1000 = wager with 10.00
Naturally – many online gambling fans like to skim a percentage of their profits, so one option is to scoop 50% of your regular gambling payouts, and re-invest the remainder to help you compound your wager level.
By gambling with a little logic, you can avoid many of the common pitfalls that curse online gamblers. You’ll ensure your gambling is always fun, intrinsically rewarding – and potentially profitable.