Planning the administration of your money is a premise that you should consider subscribing to an online casino. The most important thing is to plan not only to imagine it but in a real way. Before betting, we will give you some tips that you should consider as basic to prepare your finances.
Are you playing a win or lose the game?
The goal is to have a great time when traveling to the casino, for this reason developing a management plan, is the first thing I do. You design the strategies not to lose all the money before you stop playing; the condition is the basis of the planning. How can we do? I propose two moments to do it:
Choosing the game in which you are going to bet must be the first thing to do.
Sports bets are made under the management of a bank, which is very different from money management for slot machines. Time is another element to consider for planning the resources to invest, for example, you should pay close attention to the desirable games such as poker, blackjack, sports betting and some video poker games.
Consider the variants when playing a casino game, as discussed below:
The fluctuations or variations are those that refer to the volatility of the games as long as you lose or win. These natural fluctuations are unavoidable; therefore the strength of your bankroll must be robust enough to support them.
If you take into account these tips, your trip will be very easy and direct in terms of managing your money. In this sense, take enough to manage your bankroll and make sure you have access to the rest of the money. Make sure it is not the biggest initial swing.
In conclusion, if you go to Las Vegas, how much money should you bring?
Actually, this answer is unknown to any player, due to the number of variations that exist when playing. What games will you choose to play? What is the average return? Are you a skillful player in that game? How comfortable will you feel with the money you lose? Once these questions are answered, you will know how much you can influence the scope of your account. Below are the calculations made to the bankroll for my last trip to Las Vegas, with which I determined the number of bets I had to use.
A case study in money management
I planned to watch about 300 hands per hour of 9/6 Jacks or Better video poker since it was the game I had chosen. In four days he would play six hours a day. All this was established in my strategy card.
The strategy I use is always to bet the maximum on the quarter machines, and the return I expect is 99% because each turn is $1.25.
At this moment, the calculations begin, by hour they are 300 hands and considering that the hand survey $1.25, I will bet approximately $375 per hour. At the end of 6 hours, I would get $9000 through the machines, in four days.
Many players make the mistake of multiplying the expected return (99.5%) by the total of bets ($9,000), to get the expected losses.
The mathematical forecasts led me to calculate a loss of $45 in the long term, but they were more than I had planned. What should I do then?
When doing the budget I did it 10 times. In Las Vegas, I was stipulated to lose a limit of $125 daily, but I was prepared to lose up to $500. Keeping this planning, I will always have money for bets during the trip. In case you find a new game and want to try it, I have a little more money with me just in case.
Slots are one of the games that can generate greater losses, so keep your limits of daily perfidious when you are playing this game. To keep the bankroll under control during the trip, remember to play based on the daily limits you set in the planning card of your planning.
How to reduce your expected loss per hour
Within money management, you should evaluate the expected losses per hour, and these can be reduced in the following two ways:
- Per hour each makes fewer bets.
- Perform each game better.
Taking more time between turns is a good alternative if you are playing video poker or slots. There is no rush, and negative expectations hover over this game. On average you will lose less money by taking fewer turns. Likewise, your bets may be less on each play. Also, I recommend that instead of using the one-room machine, you can use a nickel machine, and play Jacks or Better, for example.
The skill as we mentioned before is one of the considerations that must be taken into account when playing, regardless of the game you have selected. For most of the games that exist in the casino, there are many strategies, except for slot machines, so we emphasize the importance of choosing the game you will bet and also add the selected machines in the planning card.
Using a money management strategy for your casino trips is a tool that will help you have fun as much as possible. By understanding how much you expect to lose on average and making sure you have enough to handle the ups and downs, you have the best chance to have a good time.
The important thing is that you have the certainty, that the strategy used will allow you to make the necessary calculations to optimize the profits and therefore the investment. Experience makes a difference! and planning to be part of our daily life helps us to organize ourselves in time and activities much better.
Traveling, playing and having fun in a safe way is also part of the planning because the idea is that the sensation of visiting Las Vegas and its casinos is celebrated.