Online casinos are a popular way for professional gamblers and casual gamblers alike to spend their time. When you’re playing for leisure and enjoyment, the best thing you can do is stretch your dollar so that you can play longer.
If you blow through all of your cash in a matter of minutes, one of two things will happen:
- You’ll be sad that your time spent gambling came to an end so quickly.
- You’ll end up spending more than you originally decided to spend because you want to keep playing.
If you find yourself running out of cash too soon, here are tips for simple and easy ways to stretch your dollar while you play at an online casino:
- Play with Small Denominations
Logically, if you set a budget for yourself and split that into only four or five buy-ins, you’re going to run out of money quickly if the game turns against you. But, if you split, say, $50 into quarter bets, you’re looking at 200 plays.
Splitting your cash into small denominations will also protect you if you lose a round. You’ll only lose a small portion of your cash. The less you lose on bad hands, the more rounds you can play.
Just because you’re playing with small bets doesn’t mean that you won’t win big. Some penny slots have great jackpots that are well into the thousands, sometimes even into the millions (great guide here).
- Play Strategic Games
When you leave it to chance, you completely lose control of what is happening with your money. So, games like roulette, slot machines, or craps can really put a dent in your playing cash, fast.
Try to opt for games that have some element of strategy so that you have more control. Some classics include poker and blackjack. There is still some luck involved in these games. You don’t know what cards you’ll be dealt, or which cards will come next. But, if you can tell it’s going to be a total bust, you can leave the hand early and lose less money.
Games like these also tend to have longer rounds. Putting a coin in a slot machine only earns you a few seconds of entertainment. Buying into a hand of poker will get you a couple of minutes, on average.
When you play games where rounds take longer to complete, you inevitably spend more time playing and get more for your money.
- Don’t Go Crazy after a Win
Studies have shown that people play more confidently after they win a bet. If someone just comes off a win, they may play too confidently. They may choose to make larger or riskier bets because they feel like they’re “on a roll.”
This feeling is not based on any sort of truth or logical thought process. You simply feel a high after winning some money, so you start to get comfortable and play a little more recklessly than you would if you had just lost a bet.
When you win any amount of money, try to put it out of your mind as best you can. The excitement of winning will only cloud your judgment and cause you to make reckless bets that burn through your money.
- Take Breaks
Sometimes when you gamble you get in the zone. The rest of the world starts to fall away and you get into a rhythm. You’re not really paying attention to how fast you’re going through your money and you lose track of time.
If you start to feel this way, it may be a good time to take a break. Take ten minutes to get up, use the bathroom, and grab a snack. Even that short amount of time will snap you out of the zone so you can be more strategic with your cash.
- Use Promotions and VIP deals
Online casinos constantly have different promotions and deals for new games or tournaments, especially if you’re a part of whatever VIP club or membership they might offer.
If you want to find some bonuses, check out OnlineCasinoGems. They have page after page of exclusive bonuses to use at a variety of online casinos. If you’re just starting out, use this list to find good online casinos. If you’re more experienced, search for your favorite online casino and see if you can get a deal!
These bonuses include welcome bonuses, free spins, deposit bonuses, and cash back bonuses. Some of them are significant and can increase your bankroll and your play time quite a bit.
- Don’t Fall for the Gambler’s Fallacy
The gambler’s fallacy is the misconception that you are going to win soon simply because you’ve lost several bets in a row. For instance, if I were to flip a coin, and the coin landed heads, you may be tempted to think that it is more likely to land on tails next time. However, this is not true.
Every time I flip a coin, the chances of it landing on heads is always 50%. No matter what the coin landed on before, it is still a 50% chance.
This fallacy often tricks players into thinking that, the more they lose, the closer they are to a win. When you have this mindset, you’re more likely to stick with a game and continue to lose your money.
The gambler’s fallacy usually applies to games of chance, which, as we’ve already pointed out, can cause you to lose your money faster than games that involve some strategy.
If you find yourself thinking, “I have to win this one sooner or later,” chances are, you’d be better off just walking away from the game.
Online gambling can be a convenient and entertaining way to pass time. But, if you’re not careful, it’s also a very convenient way to blow through your cash very quickly. If your bankroll is running out to fast, use some of these simple tips to stretch your dollar.