How to Better Manage Your Bankroll When Playing at an Online Casino Ireland

CryptoMode Online Casino Ireland Bankroll

Bankroll management is undoubtedly one of the most critical things when it comes to gambling. Whether you prefer slot machines or table games, the better you manage your bankroll, the better results you will have in the long term.

Of course, there are several techniques for bankroll management and one doesn’t necessarily rule out the other. If you are looking for some quality money management strategies, keep reading this article. They will make your life a lot easier when playing at an online casino Ireland like Betinia: 

Divide Your Bankroll Into Smaller Units

Splitting your bankroll into units forms the basis for many BRM strategies. Put simply, we’re talking about an easier way to count your finances.

For example, if your bankroll is $500 and your average stake is $10, the strategy is to divide that $500 by 10, resulting in 50 units.

The main advantage of betting units is that they will give you a simpler way of managing your bankroll.

Thinking in terms of units will help you clear the monetary equation from your head so that you can make decisions with a clear mind, avoiding stupid mistakes made for fear of losing. 

This method will also help you avoid chasing losses. 15 out of 50 units lost in one session sounds better than losing $150 out of $500! 

Don’t Bet More Than 2% of Your Bankroll at a Time

Most professional bettors risk no more than 1% -2% of their bankroll on a single bet. The logic revolves around not losing too much money in the short term.

Following the first point of this article, players should never bet more than one or two units at a time. 

With this method, you will reduce the risk of losing substantial sums in one session at an online casino Ireland.

Play Slot Machines That Have Low Volatility

When it comes to slots, even if a slot machine offers a 96% return to the player, it does not mean that your short-term results will necessarily reflect this percentage. Conversely, the chances of taking home a lot more or a lot less than 96% in any given session are really high.

So if you want your bankroll to last longer, you need to learn how to distinguish between high and low volatility slots at an online casino Ireland. 

Most gaming machines do not have a volatility rating, although you can always get a rough estimate of the variation of a slot machine by referring to a few key points, including the size of the jackpot, the bonuses, and the number of minimum payouts. 

Let’s take an example:

  • High volatility slot machines: 3 bonus rounds, a progressive jackpot of $100,000, payout of 10,000 coins for 5 pandas, payout of 2,000 coins for 5 tigers, payout of 1,000 tokens for 5 monkeys, payout of 200 coins for 5 birds, payout of 100 coins for 5 snails.
  • Low volatility slot machines: 1 bonus round, a progressive jackpot of $10,000, payout of 5,000 coins for 5 gold bars, payout of 1,000 coins for 5 silver bars, payout of 500 coins for 5 copper bars, payout of 100 coins for 5 gold coins, payout of 50 coins for 5 Silver coins.

The second slot machine features lower payouts and a smaller jackpot. Therefore, this game has a better chance of making short term profits.

Playing low volatility slots will allow you to win more often and keep your bankroll for longer stretches. 

Pay Attention to the House Edge at an Online Casino Ireland 

Low-margin bets are a big chunk of the gaming volume generated by professional players. Thus, it is recommended that you take a look at the house edge which will give you an idea of ​​how much you’re going to lose in the long term. 

For example, a house advantage of 1% means that in theory, you should lose 1 dollar for every 100 dollars wagered.

Here are some games that have a low house edge: 

  • Blackjack = 0.5% to 2.0%;
  • Baccarat = 1.06%;
  • French roulette = 1.35%;
  • Craps = 1.36%;
  • Pai Gow Poker = 1.46%;
  • European Roulette = 2.70%.

These games, in addition to having a low house advantage, also offer pretty good chances of winning.

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.